Bearish MA Cross For IntelOn April 7, 2017, the Intel Corporation ( INTC ) crossed below its 100 day moving average (MA). Historically this has occurred 241 times and the stock does not always drop. The stock has a median loss of 4.249% and a maximum loss of 34.757% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 54.9964. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral, with no clear volatile price swing on the horizon.
The true strength index (TSI) is currently -4.9091. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving up.
The positive vortex indicator (VI) is at 1.1026. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is steadily moving down while the negative indicator is moving up and cementing this sentiment.
The stochastic oscillator K value is 66.3386 and D value is 71.8470. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock just came out of an overbought level and should continue to move down.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 1.76% over the next 10 trading days. Of the previous four times the stock has crossed below the 100 day MA, it has had a minimal drop of 1.191%.
TSI
Bank Of America Heading Down To Test SupportOn April 6, 2017, the Bank of America Corporation ( NYSE:BAC ) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 83 times and the stock does not always drop. The stock has a median loss of 2.296% and a maximum loss of 15.389% over the next 7 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4748. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slowly trending down, but not clear if a volatile price swing is on the horizon.
The true strength index (TSI) is currently -8.0671. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving down.
The negative vortex indicator (VI) is at 1.1688. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is steadily moving down.
The stochastic oscillator K value is 61.4618 and D value is 58.2159. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving up, but the divergence between the K and D is quickly shrinking and could also head down in line with all of the other technical indicators.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 4% over the next 7 trading days. There are many trendlines in play, but it is inconclusive which one will take hold next. Previous resistance around 22.20 has recently become new support and could be a viable level to be revisited.
At Least A 1% Drop For CiscoOn April 5, 2017, CISCO Systems Inc. ( NASDAQ:CSCO ) crossed below its 50 day moving average (MA). Historically this has occurred 236 times and the stock does not always drop. The stock has a median loss of 2.851% and a maximum loss of 30.080% over the next 5 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 34.1632. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is trending down and will quickly make it to oversold territory within the next 5 trading days.
The true strength index (TSI) is currently 23.4246. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving down.
The positive vortex indicator (VI) is at 1.1365. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving down.
The stochastic oscillator K value is 17.5800 and D value is 17.2248. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving down, but is due to move up again in the near future.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 1.1% over the next 5 trading days. The stock will revisit a previous resistance level around 32.60 which could turn into new support. A possible reversal at this point could also occur due to the Stochastic level in the oversold level. However, a quick drop could cause the stock to drop to the Macro support level around 31-31.50 before it reverses up again.
Sell NVIDIA Now!On April 4, 2017, NVIDIA Corporation ( NASDAQ:NVDA ) crossed below the 50 and 100 day moving average (MA). Both events have occurred on the same day 27 times with a minimal loss of 0.33% and median loss of 5.99%. Historically the stock has crossed below the 50 day MA 144 times and the stock does not always drop. The stock has a median loss of 3.802%. Historically the stock has crossed below the 100 day MA 105 times resulting in a minimal loss of 0.327% and a median loss of 5.460%. The maximum loss for all three instances is 44.146% and all information regards the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 39.7048. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is trending down.
The true strength index (TSI) is currently 2.7816. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving up but could reverse based on all other indicators.
The positive vortex indicator (VI) is at 1.0468. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock was moving up, but has begun to retreat and the negative is moving upward.
The stochastic oscillator K value is 63.3372 and D value is 74.8670. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is moving down. This indicator has been floating above the oversold level for a while. Continued downward price action is warranted.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 4% over the next 10 trading days. The stock is also in a downward wedge and near the apex. The stock is due to breakout of the wedge and this trip to the resistance level around 96.60 could lead to a significantly lower drop. Considering the stock has always dropped when it crosses below the 100 day MA and when the 50 and 100 MA occur on the same date, a drop should occur quickly.
Short-Term Dip, Long-Term Gain For LVSOn April 3, 2017, the Las Vegas Sands Corp. ( NYSE:LVS ) 20 day moving average (MA) crossed above its 100 day MA while its 50 day MA crossed below the 200 day MA. Both events have never occurred on the same day. Historically the 20 MA has crossed above the 100 MA 18 times. The stock has a minimal gain of 0.157%, has a median gain of 5.899% and maximum gain of 72.847 % over the next 15 trading days. Historically the 50 MA has crossed below the 200 MA 6 times. The has a minimal loss of 0.661%, a median loss of 4.687%, and maximum loss of 11.732% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 64.5565. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly moving up and recently retreated from near overbought levels.
The true strength index (TSI) is currently 20.5597. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving up.
The positive vortex indicator (VI) is at 1.1249. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up, although is retreating.
The stochastic oscillator K value is 72.6098 and D value is 69.2514. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is coming out of an oversold level, but trending up again.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading up, but could have a brief pullback from current levels first. Based on historical movement compared to current levels and the current position, the stock could lose another 1.5% over the next 5 trading days. After this drop, the stock could move up toward the resistance level around 60. From the close on April 3, the stock could gain 4.9% within the next four weeks. If bought near the anticipated dip, the gain could be greater than 6.5%.
Buy The Coming Dip For AT&TOn March 31, 2017, AT&T ( NYSE:T ) crossed below its 50 day moving average (MA) while its 100 day MA crossed over the 200 day MA. Both events have never occurred on the same day. Historically the stock has crossed below the 50 MA 330 times and the stock does not always drop. It has a median loss of 2.239% and maximum loss of 25.170 % over the next 8 trading days. Historically the 100 MA has crossed over the 200 MA 20 times and the stock does not always rise. It has a median gain of 3.959% and maximum gain of 21.067 % over the next 20 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 45.0401. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly moving down.
The true strength index (TSI) is currently 3.9504. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving down.
The negative vortex indicator (VI) is at 1.0906. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving down.
The stochastic oscillator K value is 22.22 and D value is 18.62. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is coming out of an oversold level, meaning the stock should go higher in the next few days.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down in the very short term, but up in the long term. Based on historical movement compared to current levels and the current position, the stock could lose another 1% over the next 5 trading days. After this drop, the stock could move up toward the resistance level around 42.50. From the close on March 31, the stock could gain 2% within the next four weeks. If bought near the anticipated dip, the gain could be greater than 3.5%.
Decision Time For Kellogg's TechnicalsOn March 31, 2017, the Kellogg Company ( NYSE:K ) 20 day moving average (MA) cross below the 50 day MA. Historically this has occurred 82 times and the stock does not always drop. It has a median loss of 1.821% and maximum loss of 9.091% over the next 5 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 40.7957. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slowly moving down.
The true strength index (TSI) is currently -4.5126. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down.
The negative vortex indicator (VI) is at 1.0516. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving down.
The stochastic oscillator K value is 16.9329 and D value is 17.6418. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is trending downward and has been due for a reversal the past five days.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 0.48% over the next 5 trading days. The overall Macro trend is forming a wedge with the apex around mid-May. It is highly likely Kellogg will break out of this wedge before May. Based on the current readings, the break from the wedge could occur in the current downtrend. The determining factor will be when the stock crosses through the support line currently around 72.20. A strong break down with greater than 3 million in volume would lead to a deeper drop for the stock. If the support is not broken on this trip, a break above resistance (top yellow line) with volume could signify a stronger move up.
Strong Moving Average Cross for 3D SystemsOn March 31, 2017 3D Systems Corporation ( NYSE:DDD ) crossed above its 250 day moving average (MA). Historically this has occurred 74 times and the stock does not always rise. It has a median gain of 7.563 % and maximum gain of 64.706 % over the next 11 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 51.0844. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly neutral and has been moving upward.
The true strength index (TSI) is currently -21.1753. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down, however, it is begun to retreat from low levels indicating continued upward movement.
The positive vortex indicator (VI) is at 1.0277 and recently cross above the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is relatively moving up.
The stochastic oscillator K value is 81.6336 and D value is 64.8317. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is trending upward with plenty of time before a potential reversal.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading up. Based on historical movement compared to current levels and the current position, the stock could gain another 4% over the next 15 trading days. The overall Macro trend is forming a pennant with the apex around October of this year. It is highly likely DDD will break out of this pennant before October and could be a significant move up or down.
Southern To Drop And Then RiseOn March 31, 2017 The Southern Company ( NYSE:SO ) crossed above its 150 day for the second time in 26 trading days. Historically this has occurred 222 times and the stock does not always rise. It has a median gain of 2.717 % and maximum gain of 14.698 % over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 47.3590. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly heading down, but not in a strong manner.
The true strength index (TSI) is currently 10.2015. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is up, however, it is begun to retreat from higher levels.
Both vortex indicators (VI) are below 1 with the positive value slightly on top of the negative. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is relatively neutral and could begin to climb within a week.
The stochastic oscillator K value is 19.2587 and D value is 27.6028. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is trending down with narrowing divergence between the K and D values which means the drop is almost over.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be downward for a few days before heading up. Based on historical movement compared to current levels and the current position, the stock could drop another 1% over the next five days and gain 2.5% from that point which is roughly 1.59% from its current level. The stock has crossed below the 150 day MA three times over the past three weeks for a drop of at least 1%. The median drop when this occurs is 1.869%. The last cross below was only two days ago and has not completed its 1% drop yet. I believe the stock will fall near the 49.30 level before moving up toward 50.57.
ZION Banc To DropOn March 31, 2017 the Zion Bancorporation ( NASDAQ:ZION ) crossed below its 100 day for the second time in 9 trading days. Historically this has occurred 169 times and the stock does not always drop. It has a median loss of 3.454 % and maximum loss of 30.112 % over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 42.6531. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly heading down, but not in a strong manner.
The true strength index (TSI) is currently -14.910. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down.
The negative vortex indicator (VI) is 1.42. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock moving down.
The stochastic oscillator K value is 49.9104.8377 and D value is 37.7580. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is trending up with decently large divergence which indicates the potential for continued upward movement.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be downward. Based on historical movement compared to current levels and the current position, the stock could drop 3.79% over the next two weeks. Last time the stock crossed below this MA, it dropped 3.672%. There is a level of support around 40.41 which is where I would expect the stock to drop to.
Exelon is DirectionlessOn March 31, 2017 the Exelon Corporation ( NYSE:EXC ) crossed above its 50 day MA for the fourth time in two weeks. Historically the 50 MA cross has occurred 348 times and the stock does not always rise. It has a median gain of 2.905 % and maximum gain of 18.413 % over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 51.1549. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral.
The true strength index (TSI) is currently 2.8606. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is neutral and has been slowly trending down for two weeks.
Both vortex indicators (VI) are below 1 with the positive at 0.9213 and negative at 0.8946. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is neutral.
The stochastic oscillator K value is 43.8377 and D value is 43.5741. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is neutral with future direction unknown.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be indiscernible. Based on historical movement compared to current levels and the current position, the stock could gain 1.18% over the next two weeks. The stock has been in a tight neutral channel throughout most of 2017. The last three time this crossover occurred in the last 15 days the stock rose at least 1%.
QCOM Treading Water For NowOn March 31, 2017 the Qualcomm Incorporated ( QCOM ) 100 day moving average (MA) crossed below its 200 day MA. Historically this has occurred 19 times and the stock drops at least 0.235%, with a median loss of 3.023% and maximum loss of 16.621 % over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 50.3856. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral.
The true strength index (TSI) is currently -0.0481. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is neutral and has been floating there for almost two weeks.
The negative vortex indicator (VI) is currently 1.1147. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward.
The stochastic oscillator K value is 50.5088 and D value is 39.3695. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been trending up but is currently neutral on direction which will not last long.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be indiscernible. Based on historical movement compared to current levels and the current position, the stock could drop 1.5% over the next two weeks. The minimum drop the last five times this MA crossover occurred was around 2%.
Intermediate Gain For INTC, Set To Drop FirstOn March 31, 2017 Intel Corporation ( INTC ) crossed above its 100 day moving average (MA), while the 50 day MA crossed below its 150 day MA. This multiple cross event has never occurred before. Historically the stock has crossed above the 100 day MA 241 times. When this happens, the stock does not always continue to gain. It has a median gain of 5.777% and maximum gain of 34.615% over the next 15 trading days. Historically the 50 MA has crossed below the 150 MA 33 times. When this happens, the stock has dropped at least 0.05%. It has a median loss of 4.464% and maximum loss of 23.498% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 57.6486. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral but heading upward.
The true strength index (TSI) is currently -13.7715. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down, however, the indicator recently hit a low point and has begun to climb.
The positive vortex indicator (VI) is currently 1.1253 and recently crossed above the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward.
The stochastic oscillator K value is 84.77 and D value is 72.55. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been trending up but is approaching the overbought level--due to signal a crossover within a week and lead to a decline in the stock.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be trending upward. Based on historical movement compared to current levels and the current position, the stock could gain 4.3% over the next four weeks. I am tracking two scenarios with the latter being most likely. The first one is the stock goes up to my target line without a significant drop. The likely course, the stock could drop by mid-April to the support line of its current trend which would satisfy the stochastic reading. After this drop, the stock would be able to hit my target level of 37.65.
Southwest Airlines Losing Some LUV?On March 30, 2017 Southwest Airlines Co. (LUV) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 94 times. When this happens, the stock does not always continue to drop. It has a median gain of 3.775% and maximum gain of 52.802% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 47.8715. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction.
The true strength index (TSI) is currently -5.0019. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down.
The negative vortex indicator (VI) is currently 1.0680. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward but the positive vortex indicator is climbing and the negative indicator is beginning to drop.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending downward. Based on historical movement compared to current levels and the current position, the stock could drop 3.86% over the next two weeks. The stock recently broke out of its upward trend channel and has entered a narrower down channel. The exact width of the current channel is still to be determined. There is noticeable support around 51.75 which could be met in the near-term.
VeriFone Slipping DownOn March 30, 2017 VeriFone Systems (PAY) crossed below its 50 day moving average (MA). Historically this has occurred 97 times. When this happens, the stock does not always continue to drop. It has a median gain of 6.329% and maximum gain of 55.442% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 49.2149. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction.
The true strength index (TSI) is currently -3.5704. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down.
The negative vortex indicator (VI) is currently 1.1591. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward but the positive vortex indicator is climbing and the negative indicator is beginning to drop.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending downward. Based on historical movement compared to current levels and the current position, the stock could drop 3.67% over the next two weeks. The stock recently broke out of its upward trend channel and has entered a narrower down channel. The exact width of the current channel is still to be determined. I tend to look for at least three contact points to establish a trend which has not occurred on the support side of the down channel and today's opening level is only the third point on the resistance line. There is noticeable support around 18.52 which could be met in the near-term.
Look Out!! Short-Term Decision Ahead for Sprint CorpOn March 29, 2017 Sprint Corp (S) crossed above its 100 day moving average (MA). Historically this has occurred 197 times. When this happens, the stock does not always continue to rise. It has a median gain of 6.404% and maximum gain of 25.566% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 47.9289. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction. The RSI was trending down, but has broken that trend and could begin heading up even if it is short term.
The true strength index (TSI) is currently -10.0885. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down.
The positive vortex indicator (VI) is currently 1.0030 and just crossed over the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward and typically does so for at least a few days.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current position in a wedge/triangle pattern, the stock could gain 2.03% over the next two weeks. The stock is about 21 days out from the apex of a wedge pattern. Typically, the stock will break significantly up or down before it actually makes it to the apex. The stock could hit the resistance line (top of trend channel) and continue onward. If the breakthrough happens on strong volume, it is a sign of continued upward movement. The inverse is different if it breaks through the support line (bottom line in wedge) which is around 8.20. If the stock breaks down with volume it could begin a new trend or use the dotted white line as a new support line. If this occurs, expect the stock to continue down.
Mixed Medium-Term Outlook for Wal-Mart (WMT)On March 29, 2017 Wal-Mart (WMT) crossed above its 200 day moving average (MA). Historically this has occurred 192 times. When this happens, the stock does not always continue to rise. It has a median gain of 3.407% and maximum gain of 36.667% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 58.1906. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction but slightly moving up at the moment.
The true strength index (TSI) is currently 7.9533. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is up. Even though it is still a positive number, it is trending downward.
The positive vortex indicator (VI) is currently 1.000 and just crossed over the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current position in a downward trend channel, the stock could gain 0.71% over the next three weeks. The stock recently broke out of its most recent downward micro trend channel and appears to be using the old resistance as the new support which is common. Over the next few months the stock will approach the bottom of its major support channel that is pointing upward. For this reason, I do not expect much upward movement over the next three weeks.
Slightly Mixed Signals For CITI (C)On March 28, 2017 Citigroup (C) crossed above its 50 day moving average (MA). Historically this has occurred 349 times. When this happens, the stock does not always continue to rise. It has a median gain of 4.839% and maximum gain of 62.909% over the next 18 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 49.2324. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is looking for direction but favoring the highside at the moment.
The true strength index (TSI) is currently 3.5677. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is looking for direction. Even though it is still a positive number, it is trending downward.
The negative vortex indicator (VI) is currently 1.1597. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward, but the positive VI is also beginning to trend up.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current upward trend channel, the stock could gain at least another 5% over the next three weeks. In its current trend channel, Citi has been at this position (not price) twice since December 2016. The stock rose 6.46% over 18 trading days to the top of the channel and also rose 5.92% over 15 days to the top of the channel. Similar movement is possible which would result in a gain of around 5.79%.
Citigroup is scheduled to have an earnings call within the next 15 trading days which could be the catalyst for this move up. The current consensus Earning Per Share estimate from Earnings Whispers is $1.28, which would be the highest Earning Per Share since October 2015.
DISNEY (DIS) IS NEARING MAKE OR BREAK POINTOn March 28, 2017 the Disney (DIS) 200 day moving average (MA) crossed above the 250 day MA. Historically this has occurred 27 times. When this happens, the stock does not always continue to rise. It has a median gain of 2.679% and maximum gain of 13.312% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 65.999. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly looking for direction but trending upward. Per the RSI, DIS has retreated from the overbought level and is moving up.
The true strength index (TSI) is currently 22.1845. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is looking for direction, but has recently began to move up.
The positive vortex indicator (VI) is currently 1.0578. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward, but is stagnating.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current technical wedge pattern, the stock could gain at least another 1.50% over the next two weeks. Today the stock hit its 52 week high. The question is what will be the next resistance level? The stock has been in an incredibly narrow upward trend channel since January of 2017. DIS could quickly hit the top of wedge and significantly reverse downward. Another resistance level could be 114.75 (which is the 1.50% gain from today's close) which was hit multiple times from October – December of 2015 and is attainable in its current narrow trend channel. Another level could be 120.65, last achieved November 23, 2015, or the stock could test its all-time high of 122.08 from August 4, 2015.
Chevron is not in the clear yetOn March 27, 2017 Chevron (CVX) crossed below the 200 day moving average (MA). Historically this has occurred 228 times. When this happens, the stock does not always continue to drop. It has a median drop of 3.615% and maximum drop of 54.094% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 33.8291. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is trending downward.
The true strength index (TSI) is currently -17.8724. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending downward.
The negative vortex indicator (VI) is currently 1.2387. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward but it could rebound soon.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending downward. Based on historical movement compared to current levels and current overall downtrend channel, the stock could gain at least another 2% over the next three weeks.
Some Upside For Starbucks (SBUX)On March 24, 2017 Starbucks (SBUX) crossed over the 50, 100, 200, and 250 day moving average (MA). Also, the 20 day MA crossed below the 200 day and the 50 day crossed below the 100 day MA. Historically the stock has crossed above the same four MAs three times and the stock moved up 3.704%, 4.927% and 9.000% over the next 25 trading days. The 20 day MA crossing below the 200 day and the 50 day crossing below the 100 day have not both occurred on the same day. The 20 day below the 200 day has occurred 23 times with a minimal drop of 0.274%, median drop of 5.494% and maximum drop of 30.091%. The 50 day below the 100 day has occurred 33 times with a minimal drop of 0.330%, median drop of 7.526% and maximum drop of 29.474%.
When we take a look at other technical indicators, the relative strength index (RSI) is at 58.4326. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is does not have a particular direction, but it is favoring the upside at the moment.
The true strength index (TSI) is currently -11.4156. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending upward. The stock recently hit a temporary bottom according to the TSI and is working back toward positive territory.
The positive vortex indicator (VI) is currently 0.9324 while the negative is 0.9216. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward. The positive just crossed the negative which indicates upward movement.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending upward. Based on historical movement compared to current levels and current overall downtrend channel, the stock could gain at least another 2% over the next four weeks.
PBR looking to drop some moreOn March 24, 2017 the Petroleo Brasileiro (PBR) 50 day moving average (MA) crossed below its 150 day. Historically this has occurred 14 times. When this happens, the stock drops a minimum of 3.057%, has a median drop of 6.215% and maximum drop of 30.567% over the next 14 trading days. This last occurred in August 2014. The stock dropped 24.08% over the next 24 trading days and ultimately bottomed out 102 trading days since the crossover with a loss of 44.69%
When we take a look at other technical indicators, the relative strength index (RSI) is at 39.7506. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly heading upward but no distinct direction is known.
The true strength index (TSI) is currently -21.4752. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending downward. The last two times the TSI dropped below this level the stock continued to drop.
The negative vortex indicator (VI) is currently 1.1227. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward. This stock has a history of floating around this level and going higher in all of the last 5 times this crossover has occurred. Overall outlook of this indicator is downward.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending downward. Based on historical movement compared to current levels and current downtrend, the stock could drop at least another 3.80% over the next four weeks.
Still room for Ford to run...downOn March 24, 2017 the Ford Motor Company (F), 50 day moving average (MA) crossed above its 200 day. Historically this has occurred 37 times. When this happens, the stock does not always continue to drop. It has a median drop of 5.197% and maximum drop of 23.281% over the next 23 trading days. Currently the 50 MA and 200 MA have crossed each other 4 times in the last 27 trading days. This tells us there are either big swings or stagnation. Both times the 50 MA crossed over the 200 MA, the highest gain was only 1.269%. The last two times cross ups and cross downs occurred close to each other was before and during the "financial crisis" in 2007 and 2008. On both of these occasions the maximum gain on the cross up was 0.897% over the next 25 trading days, while the stock dropped 20.213% and 8.705% when 50 MA crossed below 200 MA (which is our current situation). Since November 2007, the minimal drop of the stock when the 50 MA crosses below the 200 MA has been 2.778% (October 2014). The other three minimal results were losses of 4.000% (January 2014), 5.197% (July 2015), and 7.0393% (June 2012).
When we take a look at other technical indicators, the relative strength index (RSI) is at 26.6610. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is approaching oversold, but still has room to drop.
The true strength index (TSI) is currently -8.4195. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending downward.
The negative vortex indicator (VI) is currently 1.3790. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward. Even though it is at a high level, it can continue to go higher in a negative manner for the stock.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending downward. Based on historical movement compared to current levels and current downtrend, the stock could drop at least another 4.70% over the next four weeks.