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Macd_reversal

A Little Bearish on Verizon StockWe received two signals for Verizon stock based on the closing price on February 2, 2024 indicating the stock will likely drop over the next 6-20 days. My SAG Gauge Conservative algorithm bearish signal has occurred 211 times. A bearish signal has successfully seen the stock drop below the signal closing price over the next 10 trading days 95.7% of the time. The typical delay, or time the stock does not immediately move downward has generally only been 1 day. This means the stock could move up on Monday, but likely begin its decline as late as Tuesday of this upcoming week. The other bearish signal is my Up and Down MACD, which signals before a typical MACD cross would occur. Instead of signalling at the cross, I added additional parameters that trigger shortly after weakness is confirmed and well ahead of the cross most people will trade on. For VZ stock, it is accurate in determining reversals 94.50% of the time. This one is interesting in that delays that have occurred result in less than a 1% move. This means the signal price on Friday (closing price) of 42.13 would most likely not see the stock move above 42.60 before it moves below 42.13. In this instance I am looking for a drop well below 42.13. Simultaneous signals of both algorithms at the same time has occurred 60 times. 58, or 96% of the time the stock has dropped. Simultaneous signals are something I prefer to see as it is more bolstering than solo signals. The last time these two signals occurred together and failed was March 22, 2000. The stock failed to trade downward over the next 27 days. Day 28 finally went into the red, but was a failure in my 10 and 25 day studies. I am looking for a possible move up on Monday/Tuesday at the latest before we start to move down. A success will occur if the stock goes below 42.13. Historically, simultaneous signals send the stock down to at least 42.09 (which is a very weak success). The 10 day target is a 1.3% - 4% drop over the next 6-9 days. The 25 day target is 2.4% - 6% over by days 13-22. It is unclear where the stock will go after this movement occurs.
NYSE:VZShort
by StockSignaler
Will Home Depot Decline Before Summer?I am writing this analysis a little after the triggering signal as I watched the stock move up. The red and green boxes still indicate targeted movements (as detailed in prior analysis and below), however, I have looked for potentially stronger entry points for put options. As I previously mention, the stock may continue to move up in contradiction of the reversing signal, but this continued movement is limited. This continued movement based on median statistics (the black dotted arrow) had the stock move upward for an additional 3 days to 327.21. The 3 days was spot on, and so was the peak. The actual peak (assuming the stock continues to move down from this point) was 328.83. Ideally, the stock is finally obeying the reversal signal from April 14, 2021. The peak occurred in line with historical movement by occurring in the smaller red box. Based on historical movement, the peak could have occurred anywhere in the larger red box. The next targets are in the green boxes. The pending bottom should occur within the larger green box as has been the case on the prior 373 occasions. Half of all movement has ended in the smaller green box. 84.45% of the 373 historical signals have seen the stock price drop at least 1.03% below the closing price on the signal bar. In this instance, the signal indicated SELL on April 14, 2021 with a closing price of 320.02. If this instance is successful, that means the stock should drop to at least 316.71 which is the top of the larger green box. Three-quarters of all successful signals have the stock drop 3.05% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock drop 6.366% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock drop 11.189% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would lead to a drop to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the drop can occur as soon as the next trading bar after signal close, while the max drop occurs within the limit of study at 35 trading bars after the signal. A 1% drop must occur over the next 35 trading bars (days) in order to be considered a success. Three-quarters of successful movement occur after at least 4 trading bars; half occur within 14 trading bars, and one-quarter require at least 26 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:HDShort
by StockSignaler
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Is HLI next to find one of these price targets?Here is another interesting pick. In the case of HLI, 4 of my algorithms signaled a BUY on April 16, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. We are not quite past the point of the stock charting a permanent course higher as I have laid out, but it is off to a good start. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top. I would consider the movement a success once it reaches a level equivalent with the bottom of the smaller green box. This may happen earlier or later the box that is outlined, but the most like location is in this box. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:HLILong
by StockSignaler