Bullish Triple Cross For Coca-ColaOn April 27, 2017, The Coca-Cola Company ( ) 20 day moving average (DMA) crossed above the 250 DMA , 50 DMA crossed above the 200 DMA, and 100 DMA crossed above the 150 DMA. All three crosses are bullish in nature and have never all occurred on the same day before. Historically the stock does not always rise over the next 20 trading days when each individual cross occurs. The 20 DMA has crossed above the 250 DMA 50 times with a median gain of 2.685% and maximum gain of 13.139%. The 50 DMA has crossed above the 200 DMA 38 times with a median gain of 3.46% and maximum gain of 11.364%. The 100 DMA has crossed above the 150 DMA 47 times with a median gain of 3.216% and maximum gain of 13.953%.
When we take a look at other technical indicators, the relative strength index (RSI) is at 55.3323. RSI tends to determine trends, 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 has been neutral and not likely to produce volatile price swings.
The true strength index (TSI) is currently 22.0722. 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 up.
The positive vortex indicator (VI) is at 1.0681 and the negative is at 0.9066. 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 has been moving up slowly, but the negative indicator is gaining ground.
The stochastic oscillator K value is 46.7087 and D value is 50.0531. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. 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 left overbought territory and is pretty neutral on direction.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading up over the long term. Based on historical movement compared to current levels and the current position, the stock could gain another 1.60% over the next 20 trading days.
Stochastic Oscillator
Bearish Doubling Down For Delta AirlinesOn April 26, 2017, Delta Airlines ( DAL ) crossed below its 150 day moving average (DMA). Historically this has occurred 41 times and the stock drops a minimum of 0.194%. It has a median loss of 6.485 % and maximum loss of 40.441% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 52.8562. RSI tends to determine trends, 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 recently moved up into a more neutral movement state.
The true strength index (TSI) is currently -17.9842. 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 positive vortex indicator (VI) is at 1.0188 and the negative is at 0.8566. 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, but the positive is dropping and negative is rising after today's session.
The stochastic oscillator K value is 71.7501 and D value is 61.2473. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. 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 approaching overbought territory and should cycle down soon.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. Based on historical movement compared to current levels and the current position, the stock could drop another 3.82% over the next 15 trading days.
Just two days prior to our current downward DMA cross, Delta crossed over its 150 DMA. When the downward cross occurs a few trading days after an upward cross, the stock always drops. Since the end of the financial crisis in 2009 this has occurred in January 2011, October 2011, December 2011 (3 times), October 2012 (4 times), November 2012, July 2015, and April 2016. The stock dropped 6.369%, 12.993%, 5.483%, 3.879%, 2.317%, 3.535%, 4.814%, 5.100%, 5.572%, 3.560%, 1.261%, and 13.494% respectively. The median drop of these 12 occasions is 4.957%.
Bulls To Back NikeOn April 25, 2017, the Nike ( NKE ) 100 day moving average (DMA) crossed above its 200 DMA Historically this has occurred 19 times with a minimum gain of 0.495%. It has a median gain of 6.655% and maximum gain of 24.969% over the next 12 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 46.5981. RSI tends to determine trends, 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 neutral.
The true strength index (TSI) is currently -3.6803. 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 has ended its long-term move downward. The indicator had flattened out and is slowly beginning to move up, which is positive action for the stock.
The positive vortex indicator (VI) is at 1.0529 while the negative is at 0.9499. 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. The positive indicator recently crossed the negative and also is a good sign for Nike.
The stochastic oscillator K value is 58.7329 and D value is 70.9708. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock recently exited overbought territory. The stock does not need to drop much more for these indicators to begin moving up again.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction has the stock moving up. Based on historical movement compared to current levels and the current position in its trend channel, the stock could gain at least 1.63%% over the next 9 trading days.
Half of the companies 100 DMA crossing over the 200 DMA have occurred since 2000. The median gain is 4.902% while the minimum gain is 1.312%. Movement near this median gain level is not impossible. If the stock sticks to recent resistance trendlines, the conservative movement is a gain in the 1.63-2.20% range. I always plan for the conservative plays, but this stock has plenty of upside.
D-Day Of Indecision: ETF Dojis And Spinning TopsOn April 24, 2017, four major ETFs based off major indices made suspicious movements. DIA and SPY achieved a doji symbol while IWM and QQQ achieved a spinning top. All of these symbolize indecision on the part of bear and bull traders. By the end of the day, there was little to no change between the Open and Close prices of the aforementioned ETFs.One of these symbols for an individual stock can show potential reversal or indecision, but it is more telling when similar symbols occur across similar stocks or funds. When a gap occurs, it is normally filled (the stock reverses) within the next 10-15 trading days. Even though SPY did not gap up, it still remains in its trend channel. The next 3-5 days will be most telling of these funds and their indices as a whole.
SPY
If SPY can continue to move up, it could break out of its trend and continue its bull run. If it stays within the channel, the fund will drop and could do so for a while. The fund is also approaching the apex of its trend channel/wedge. SPY will break out of this wedge, and on strong volume one way or the other will lead to continued movement in that direction.
The RSI is relatively neutral but slightly trending up. This movement could continue. The TSI has been trending down but has the potential to level out and move up again. Both VI variables are below one and fighting for direction. This is the second indicator of indecision. Lastly, the stochastic oscillator is neutral but has been trending up. Because the closing price and doji SPY achieved on April 24 remain in its trend channel, downward movement is still anticipated for SPY.
DIA
DIA's gap up has now placed it above previous resistance and its 50 day moving average. There are two likely paths moving forward. DIA could use this old resistance line as new support moving it higher, or it could drop below this line and begin moving down.
The RSI is relatively neutral but slightly trending up. This movement could continue. The TSI has been trending down but has the potential to level out and move up again. Both VI variables are below one and fighting for direction. This is the second indicator of indecision. Lastly, the stochastic oscillator is neutral but has begun trending up. The technicals do not necessarily support continued upward movement, but the next few days will confirm or deny if the upward movement is sustainable.
IWM
IWM's gap up is almost confirmation it has broken out of its recent trend channel. There is still a chance of it filing this gap and continuing down, but it is in the best position to move higher. If and when the gap fills, it will be crucial to see if the downward movement comes with above average volume.
The RSI is relatively neutral but trending up. This movement could continue. The TSI has been trending down but has appeared to have leveled off and began moving up again. Both VI variables are flirting with 1.00 and fighting for direction. Lastly, the stochastic oscillator is approaching overbought levels, but has 3-5 trading days before arrival. Once both the K and D are above 80, the fund could begin to drop. The technicals support continued upward movement for IWM.
QQQ
QQQ's gap up could be short-lived as it nears its macro trend channel resistance line. Even though the gap up escaped its recent, albeit short 15 day trend, it will move down in the near-term. Right now the movement displayed by QQQ is cyclical and natural. It will be key to watch if the fund crosses below its recent support line which is currently between 131.20 and 131.50. A breach below this line could signal further downward movement, but a bounce at or near this level will continue the bull cycle for the fund.
The RSI is trending up and nearing overbought. The TSI has been trending down. Both VI variables are flirting with 1.00 and fighting for direction. Lastly, the stochastic oscillator is approaching overbought levels. The technicals are not overwhelming at all.
The Dive Continues For US Oil ETFOn April 21, 2017, the US Oil ETF ( USO ) 50 day moving average (DMA) crossed below the 200 DMA. Historically this has occurred 8 times and the stock has a minimal drop of 0.636% over the next 12 trading days. The fund has a median drop of 2.817% and a maximum drop of 27.553% over the next 12 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 36.7484. RSI tends to determine trends, 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 fund has been trending down.
The true strength index (TSI) is currently 0.7960. 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 fund has been moving up, but there is a delay and it could come back down.
The positive vortex indicator (VI) is at 0.8095 while the negative is at 0.9963. 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 fund is moving down.
The stochastic oscillator K value is 22.5778 and D value is 49.2183. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the fund is trending down, but has some distance before reaching oversold territory.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction has the fund moving down. Based on historical movement compared to current levels and the current position in its trend channel, the fund could drop at least 3.00%% over the next 12 trading days.
Short-Term Bullish Cross For VeriFoneOn April 20, 2017, VeriFone Systems ( PAY ) crossed above its 150 daily moving average (DMA). Historically this has occurred 49 times and the stock does not always move up. It has a median gain of 4.104% and maximum gain of 33.911% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 43.0767. RSI tends to determine trends, 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 becoming neutral, but recently moved up and away from oversold territory.
The true strength index (TSI) is currently -24.5922. 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 positive vortex indicator (VI) is at 0.6864 while the negative is at 1.2745. 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 has been moving down. Its upward reversal is overdue and may actually have started.
The stochastic oscillator K value is 25.3573 and D value is 13.3096. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock is on the verge is moving up and out of oversold territory.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to have just begun a reversal to the higher side. Based on historical movement compared to current levels and the current position in its trend channel, the stock could gain at least 1.24% over the next 6 trading days.
Bullish Moving Average Cross For MerckOn April 19, 2017, Merck & Co ( NYSE:MRK ) crossed above its 150 daily moving average (DMA). Historically this has occurred 227 times and the stock does not always move up. It has a median gain of 4.139% and maximum gain of 18.194% over the next 16 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4843. RSI tends to determine trends, 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.
The true strength index (TSI) is currently -18.4921. 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, but the decline is slowing making a potential reversal to the upside possible.
The positive vortex indicator (VI) is at 0.7725 while the negative is at 1.1322. 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 24.0888 and D value is 25.7547. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock is on the verge is moving up and away from oversold territory.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading up. Based on historical movement compared to current levels and the current position in its macro trend channel, the stock could gain at least 2.12% over the next 16 trading days.
On April 18, the stock crossed below the 150 DMA. In the last 10 years when the stock is above the 150 DMA, crosses under for one day before re-crossing above, the stock has always gone up over the next 16 trading days. These occurrences were in July 2009, April 2010, November 2011 (3 times), June 2012, March 2013, February 2015, and January 2017. The stock gained 15.911%, 0.971%, 5.072%, 5.531%, 2.517%, 9.091%, 7.659%, 1.134%, and 5.080% respectively. The median gain was 5.080% during this period.
KMI Bearish Cross Plus Possible Head And ShouldersOn April 17, 2017, Kinder Morgan Inc ( KMI ) crossed below its 200 day moving average (DMA) and its 50 DMA crossed below its 100 DMA. Historically both bearish crosses have not occurred on the same day. Historically the stock has crossed below the 200 DMA 14 times and the stock drops a minimum of 0.379%. It has a median loss of 3.716% and a maximum loss of 8.089% over the next 25 trading days. Historically the 50 has crossed below the 100 6 times with a minimum loss of 1.609%. It has a median loss of 3.912% and maximum loss of 13.387% over the next 25 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 46.5454. RSI tends to determine trends, 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.
The true strength index (TSI) is currently -2.3514. 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 up.
The positive vortex indicator (VI) is at 1.0716 while the negative is at 0.9058. 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 up, but the negative indicator has begun to climb and the stock could continue to drop.
The stochastic oscillator K value is 33.4349 and D value is 55.5570. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock is dropping.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. Based on historical movement compared to current levels and the current position, the stock could drop another 2.18% over the next 22 trading days. The stock has also formed a possible head and shoulders pattern with the neckline below 20.80 which could be a solid target price. Earnings are scheduled for April 19 which could cause a major price swing in the first few days of the projected timeframe. Estimates are in line with the previous two quarters results. After both earning announcements the stock went up but ultimately dropped over the next 25 trading days.
Short-Term Drop For BMY?On April 13, 2017, the Bristol-Myers Squibb ( BMY ) 20 day moving average (DMA) crossed below the 50 and 150 DMA. Both events have never occurred before on the same day. Historically 20 has crossed below the 50 DMA 129 times, and the 20 has crossed below the 150 DMA 53 times. For all of these instances, the stock does not always drop over the following 13 trading days. The cross below the 50 has a median loss of 3.056% and a maximum loss of 24.308% while the cross below the 150 has a median loss of 4.490% and a maximum loss of 35.795%.
When we take a look at other technical indicators, the relative strength index (RSI) is at 32.6329. RSI tends to determine trends, 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 moving down.
The true strength index (TSI) is currently -10.3049. 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 positive vortex indicator (VI) is at 0.7249 while the negative is at 1.2883. 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 still moving downward.
The stochastic oscillator K value is 14.0765 and D value is 16.5090. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock is stuck in oversold territory and it has been since March 24. This indicates the stock should move up soon or price action will decrease.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. Based on historical movement compared to current levels and the current position, the stock could drop another 5% over the next 13 trading days.
Pending Bearish Action For ConocoPhillipsOn April 13, 2017, ConocoPhillips ( COP ) crossed below its 100 day moving average (DMA). Historically this has occurred 243 times and the stock does not always drop. It has a median loss of 3.997% and a maximum loss of 38.519% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 53.0188. RSI tends to determine trends, 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, but has been heading down.
The true strength index (TSI) is currently 6.1713. 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 up, but could be skewed due to the delay of this indicator and the recent gap up on March 30.
The positive vortex indicator (VI) is at 1.0926 while the negative is at 0.8497. 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 has been moving up, but the pace it has begun to slightly move down.
The stochastic oscillator K value is 58.6028 and D value is 79.8259. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock is exiting overbought territory. This indicates the stock will begin to fall soon.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. Based on historical movement compared to current levels and the current position, the stock could drop another 3.74% over the next 15 trading days.
The stock recently gapped up and may begin to close this gap which would require a decline to the 46 level. The first challenge is a strong break below 48.61. When this happens, a stronger decline should follow. When the stock was trending down and gapped up on a non-earnings related event, it has always closed that gap. The key is how long it takes to close the gap. A similar gap up occurred in November 2005, January 2006, November 2010, and December 2011. It took 9, 16, 19, and 11 trading days for the stock to drop down and close the respective gaps.
Significant Bearish Moving Average Cross For DeltaOn April 11, 2017, the Delta Airlines ( DAL ) 20 day moving average (DMA) crossed below its 150 DMA. Historically this has occurred 9 times and the stock drops a minimum of 4.371%. It has a median loss of 11.715% and maximum loss of 42.018% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 39.2516. RSI tends to determine trends, 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 neutral but has been trending down.
The true strength index (TSI) is currently -22.0315. 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 1.0215. 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, but at a decision point. This indicator could produce a crossover and the stock could move up.
The stochastic oscillator K value is 23.7070 and D value is 21.8876. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. 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 could begin a reversal, however, it could still drop to an oversold level over the next 5-10 trading days.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. A strong resistance down trend has been taking shape since March 7. Based on historical movement compared to current levels and the current position, the stock could drop another 4.00% over the next 15 trading days.
Bullish PBR Moving Average CrossOn April 10, 2017, Petrobras ( PBR ) crossed over its 200 day moving average (DMA). Historically this has occurred 47 times and the stock does not always continue to rise. It has a median gain of 5.428% and maximum gain of 22.706% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 54.9389. RSI tends to determine trends, 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 neutral but has been trending up.
The true strength index (TSI) is currently -10.0095. 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, although negative, declares the stock is moving up.
The negative vortex indicator (VI) is at 1.2281. 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.
The stochastic oscillator K value is 70.8279 and D value is 80.0101. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. 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 began a reversal downward.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading up. Based on historical movement compared to current levels and the current position, the stock could gain another 4.00% over the next 15 trading days.
Baidu Bears And Bulls Set To CollideOn April 7, 2017, Baidu ( BIDU ) had four daily moving average cross events occur. The stock crossed below the 100, 200, and 250 daily moving averages (DMA) while the 20 DMA crossed below the 100 DMA. All four events have never occurred on the same day before. Also, when all four events occur individually, they do not always result in a loss.
Historically the stock has crossed below the 100 DMA 57 times with a median loss of 6.122% and maximum loss of 25.704%. The stock has crossed below the 200 DMA 46 times with a median loss of 4.269% and maximum loss of 21.444%. The stock has crossed below the 250 DMA 42 times with a median loss of 3.529% and maximum loss of 26.166%. The 20 DMA has crossed below the 100 DMA 16 times with a median loss of 6.459% with a maximum loss of 24.301%. All of this information is based over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 47.0218. RSI tends to determine trends, 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.
The true strength index (TSI) is currently -11.6928. 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 down, but slightly trending up.
The negative vortex indicator (VI) is at 1.0275. 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 70.2026 and D value is 70.5545. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. 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 began a reversal.
The 100, 200, and 250 DMA downward crosses have occurred on the same day or within one day of each other seven times. The minimum loss of these occasions has been 1.230%. The stock has also been in a technical flag pattern since August of 2015 and is nearing its apex. The stock will break out of this pattern to the downside on this trip or could possibly break above it within the next three months. If the breakout occurs to the downside, it would most likely occur this time. If the downward break has significant volume behind it, the stock could fall well beyond 3%.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be neutral and probably heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 2.84% over the next 15 trading days.
A Major Bearish Cross For United ContinentalOn April 7, 2017, the United Continental Airlines ( UAL ) 50 daily moving average (DMA) crossed below its 100 DMA. Historically this has occurred 16 times and the stock drops a minimum of 1.016%. The stock has a median loss of 6.904% and a maximum loss of 47.248% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 52.1533. RSI tends to determine trends, 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, and has been trending up.
The true strength index (TSI) is currently -9.9279. 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 down, but could head up soon.
The positive vortex indicator (VI) is at 1.1103. 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 has been up, but has begun a slight retreat.
The stochastic oscillator K value is 79.2644 and D value is 84.3425. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. 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 overbought and due to head down.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be neutral and possibly heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 3% over the next 10 trading days. Although this DMA cross has only occurred 16 times, other indications support a near-term drop of more than 1%.
Feeding The Chevron BearsOn April 7, 2017, the Chevron Corporation ( CVX ) crossed below its 150 day moving average (MA). Historically this has occurred 253 times and the stock does not always drop. The stock has a median loss of 3.162% and a maximum loss of 55.271% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 48.9096. 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 -16.6606. 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 readin declares the stock is down, and has remained around its current reading for a few weeks. This indicator should have moved up or down by now which adds to the uncertain future and leaves a drop in the stock price well within play.
The positive vortex indicator (VI) is at 1.0845. 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.
The stochastic oscillator K value is 71.4480 and D value is 69.7333. 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 two has recently narrowed and a downturn is likely to quickly occur.
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 2.28% over the next 15 trading days. On the day previous to this negative cross below the MA, the stock crossed above. The last 11 times in the past decade, the stock crossed and closed below the MA one day after it closed above the MA, the stock dropped a minimum of 1.728%.
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%.
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.