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Rsi_oversold

Chubb has been oversold on news. Buy This Dip?I have changed up how to best display projected movement. In the case of CB, 1 of my algorithms signaled a BUY on March 22, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. 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 3 Hour 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. 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:CBLong
by StockSignaler
IRESS LIMITED (ASX:IRE) Potential buy? Insiders think soIRESS is another software company listed on the ASX where it is a provider of financial data and markets as well as asset management. Unlike the recent boom in tech stocks IRE has trailed behind and has not recovered to pre pandemic evaluation. However there may be something we don't know that could make IRE a potential buy. Recently (As off the 22nd of Feb) a non executive director Roger Sharp has made a 10,000 share investment at $9.98 according to Market Index. There is also other supporting fundamental analysis news as well as TA which I will further discuss to come to an overall conclusion of the stock. Bullish Technical Analysis: --> Oversold RSI (38) --> Oversold Stochastic RSI --> Bollinger bands oversold --> Bullish Harami pattern (From 25/02/2021) This TA alert was also executed on the (3/11/2020) and resulted in a 12% increase and therefore can be taken into consideration for a bullish trade Bearish Technical Analysis: --> Bearish volume as from my BuySell volume indicator has shown that there has been increased selling in shares and may possibly inhibit a bullish reversal --> Bearish MACD shows the bears are controlling IRE however due to its lagging nature should be reconsidered. Bullish Fundamental Analysis: --> Director Roger Sharp make a $100k investment on the 22nd which should be taken under consideration --> Past earnings showed an increased profit growth from 7-10% --> A new partnership has emerged with Knowledge bank where they seek to create the first "United Kingdom fully integrated product and sourcing system". More details on partnership: www.mortgageintroducer.com Bearish Fundamental Analysis: --> ASX seems to have bearish direction which may inhibit a long trade Overall conclusion: I would consider this stock a buying opportunity, With insider trading it shows that internal shareholders believe in IRE's future which alone acts as a major catalyst for a trade. Technicals also support a long trade so overall I would say this has potential for a swing trade or even an investment. Any thoughts and ideas of IRE's future will be great :)
ASX:IRELong
by Mikey_Scali
2
$XZC.X (ZCOIN), do we have an opportunity on the rebound here?Hi Community, XZC seems to offer an opportunity here. Here is what I see: Price is rebounding from an ascending support line, which was previously tested. RSI 1H TF just moved above 30. RSI 4H TF is below 30. A potential 70% profit if price breaks the descending resistance line and flips it to support. Potential TP Targets: TP1: 3.70$ TP2: 5.03$ What do you think? Comments and feedback are most welcome. If you think I am on the right track, a "like" will be most appreciated. :) Thank you and Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice! Still learning here, so please be nice!
XLong
by BitfulMind
ETH/BTC - Wyckoff an., RSI-14 supp., daily (acc. before Dec.)Dear Everyone, I would try to make a simple Wyckoff analysis of ETH/BTC using daily candles. The Wyckoff analysis I would try to support using RSI-14 indicator as the one shows oversold and overbought areas. The RSI-14 showed little oversold area first time in the range of couple of weeks. That would may suggest that we went in accumulation phase. So, there would be possible to find some patterns corresponding to Wyckoff models indicating going into accumulation phase. Appropriate Wyckoff patters I tried to put on the chart. If we just went into the accumulation phase, probably it might be related to ETH 2.0 launch at December 1st. With kind reards, Paweł
Long
by PawelHodurek
BTC Levels = July 2019 but Weaker - PayPal Hype or Capitulation?Hi all, There is a lot of hype in the markets right now about PayPal being interested in cryptocurrencies, but no one can really understand the impact or direction of the current trends until we get to a stable point in the market with working payment system using the PayPal API. No one really knows how the PayPal platform will even work much less if people using the platform will actually "own" and be able to withdraw the cryptocurrencies has been speculated. Many people are calling for new BTC market highs, how PayPal can open crypto opportunities up to millions of new interested parties, etc. I am concerned lack of fulfilling expectations could lead to market capitulation. Also, lack of blockchain knowledge and market instability is a reason for new users NOT to use cryptocurrencies on PayPal as several similar types of payment platforms are already available for people who ARE interested in accepting crypto payments. One thing I would like to point out is the global position of the markets. The few certain things are: We are at a similar price point as we were in July 2019 Weekly RSI is significantly lower (about -10) than it was back in 2019 leaning towards a weakening market and it is and near overbought ranges Weekly volumes are lower showing a current lack of high volume market movement needed to sustain continued upward movement The last price drop wicked down into the $4K ranges in March of 2020 IF the price fails to move upwards from here, there is a potential to go lower than $4K since the market is showing a weaker side Stay safe and please like and follow! I am a simple market analyst - not a financial analyst fortis Fortuna adiuvat - fortune favors the brave Learn to trade: cliftrade.com
KRAKEN:BTCUSDShort
by jollygreen
3
Not My Buy Zone KEY/USDT #selfkey #binance #cryptoAs I said in an earlier post- this is just not a buy zone for me although KEY is looking good for more upside - but the buy for me would have been back on April 15th or April 22nd - where the RSI comes well below 32 . This daily chart on KEY/USDT is generally a buy off of RSI at or below 32 ( where the green line is ), and the sell is generally above 73 ( where that orange line is ) . TD Sequential 9 in red is often hit at same time as RSI going to 32 or less . Summing up - I expect more upside here for KEY but I just don't jump into a buy when the RSI is already over 61 . I'm not a breakout trader . I'm looking for that turnaround at the bottom when it's oversold !
K
by shimmeringpath
Waiting For RSI OversoldTechnically, it is not looking good for AXIATA as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. For a turnaround to occur, the price needs to decisively break the resistance of 3.2 which has resisted any upward. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively. Resistance 1 : 3.200 Resistance 2 : 3.260 Support : 3.100 Descending Triangle identified at 9 Jun 2020 and complete at 3 Aug 2020. Possible bearish price movement towards the support 0.310 if RSI not change.
MYX:AXIATAShort
by RozaniGhani-RG
Buying UUP dip @ RSI <30 on weekly candlesWith all the bearish sentiment surrounding the dollar index, I'm looking to be a buyer. We have a lower trendline @ 24.50 area, and the weekly RSI 14 is at 31.51. In the past 14 years, every RSI level below 30 has resulted in a swing gain of 9%-25%, even if it didnt capture the bottom. Cost averaging improves the accuracy of the dip buying. Lots of support at the 9 year fibonacci from the April 2011 low (ignoring the blowoff top from pre-covid bailout), 24.05 is a strong support level followed by the golden fib @ 23.30. 13 Year anchored VWAP coincides with the 61.8% fib as well, indicating a strong support level that dip buyers will target. 12% upside from the lower trendline to the upper trendline, at least 6% if a 50% retrace of the decline is in play. Long term trade.
AMEX:UUPLong
by UnknownUnicorn3390306
1