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Short-Term Upside For Teck ResourcesTeck Resources has been in a clearly defined downward trend since November 2016. The trend does however cycle up and down very well. Currently the stock is at the bottom of the channel and due to rise for the reasons in this article. When we take a look at other technical indicators, the relative strength index (RSI) is at 29.9555. 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 has the stock flirting at the oversold level. This means the stock will rise at some point in the near future. This is the first indicator of a reversal to the upside. The true strength index (TSI) is currently -15.73. 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 been trending down. Due to the delayed correlation in the movement of the stock, this indicator does not signal the bottom until after the fact. I have used light blue lines on the chart above when the bottom was reached for the stock. The current TSI position is roughly at the same point in the wave. This is the second indicator of a reversal to the upside. The positive vortex indicator (VI) is at 0.7367 and the negative is at 1.1367. 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. Currently the negative indicator is near the top of its cycle, meaning the stock should move up soon. This is the third indicator of a reversal to the upside. The stochastic oscillator K value is 8.2772 and D value is 7.3369. 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. Currently this indicator is clearly in oversold territory, due for upward movement in the stock soon. This is the fourth indicator of a reversal to the upside. During the current trend channel, the stock has risen from bottom to top 3 times. On these movements, the median rise is 25% and median trading days to achieve the movement is 20 days. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction clearly points to some sort of upward movement soon. Based on historical movement compared to current levels and the current position, the stock could gain at least 14% over the next 32 trading days.
NYSE:TECK
by StockSignaler
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Selling On eBay 101On May 5, 2017, the eBay Inc 150 day moving average crossed below its 200 DMA. Historically this has occurred 14 times and the stock drops a minimum of 1.483%. It has a median loss of 6.923% and maximum loss of 25.517% over the following 27 trading days.. When we take a look at other technical indicators, the relative strength index (RSI) is at 54.5317. 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 has the stock in the neutral realm, potentially negating major price swings. The RSI has been trending lower since July 2016. Even though the RSI typically cycles between overbought and oversold levels, that has not necessarily been the case with this stock. Overall the RSI is failing to make newer highs which is another significant signal of downward movement. This overall downtrend should continue as long as the RSI stays below this trendline. The true strength index (TSI) is currently -2.5244. 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. This indicator has always been trending down and failing to make new highs since August 2016. The overall price should continue to trend lower as long as the TSI remains below this trendline. The positive vortex indicator (VI) is at 0.9946 and the negative is at 0.9559. 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. Currently the stock has been stock in a tight channel since early March with neither the positive or negative indicator breaking out. This congestion may prevent major swings in the price. The stochastic oscillator K value is 84.9079 and D value is 80.6932. 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. Currently the indicator is in overbought territory and the downtrend will begin soon. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears slightly mixed, but down is doable. Based on historical movement compared to current levels and the current position, the stock could drop at least 2% over the next 27 trading days.
NASDAQ:EBAY
by StockSignaler
All's Not Well At Wells FargoOn May 5, 2017, the Wells Fargo & Company WFC 50 day moving average crossed below its 100 DMA. Historically this has occurred 61 times and the stock does not always continue to drop. It has a median loss of 4.438% and maximum loss of 23.427% over the following 24 trading days.. When we take a look at other technical indicators, the relative strength index (RSI) is at 53.1379. 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 has the stock moving lower. The RSI has been trending lower since November 2016. Even though the RSI typically cycles between overbought and oversold levels, that has not necessarily been the case with this stock. Overall the RSI is failing to make newer highs which is another significant signal of downward movement. This overall downtrend should continue as long as the RSI stays below this trendline. The true strength index (TSI) is currently -12.8863. 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. The positive vortex indicator (VI) is at 1.0788 and the negative is at 0.6624. 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. Currently the stock had been moving up, however, it has begun its reversal downward. The stochastic oscillator K value is 80.2266 and D value is 81.8878. 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. Currently the indicator is in overbought territory and the downtrend is beginning. The stock has a history this year of easily swinging up and down three-plus percent when overbought and oversold. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 3% over the next 24 trading days. The trend, MA crossover, RSI, VI, and stochastic strongly support this pending downward skew.
NYSE:WFCShort
by StockSignaler
Everything Energy Is Down, XOPThe SPDR S&P Oil & Gas Exploration & Production Fund has been in a defined bearish trend for all of 2017. Due to this bearish movement, the 100 day moving average (DMA) is about to cross below the 150 DMA. This actual event has occurred 6 times in the history of the fund and has resulted in a minimal drop of 1.541%. It has a median drop of 6.918% and maximum drop of 25.563% over the following 22 trading days. Although I typically write on events that have occurred, this event is likely and greater benefit could be gained by making moves earlier. When we take a look at other technical indicators, the relative strength index (RSI) is at 43.0611. 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 moving lower. The RSI has been trending lower since May 2016. Even though the RSI typically cycles between overbought and oversold levels, that has not necessarily been the case with this fund. Overall the RSI is failing to make newer highs which is another significant signal of downward movement. This overall downtrend should continue as long as the RSI stays below this trendline. The true strength index (TSI) is currently -16.2542. 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 is trending down. Similar to the RSI, it is been trending down and failing to make new highs since May 2016. However, one new high was achieved near the end of 2017, before falling back into the downtrend. This overall downtrend should continue as long as the TSI stays below this trendline. The positive vortex indicator (VI) is at 0.8265 and the negative is at 1.0848. 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 slightly moving up recently, but should begin its downtrend again. The stochastic oscillator K value is 22.6852 and D value is 16.1343. 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 fund has been flirting with oversold territory for at least two weeks. Most likely one of two things will occur. The fund will continue to slowly move down with up days causing the stochastic to stabilize and rise even though the fund continues its downward bias. The second possibility would have the fund rise up and out of the downtrend either temporarily or permanently. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 4.7% over the next 32 trading days.
AMEX:XOPShort
by StockSignaler
Low Energy In Energy SectorThe Energy Sector SPDR Fund XLE has been in a defined bearish trend for all of 2017. Due to this bearish movement, the 100 day moving average (DMA) is about to cross below the 150 DMA. This actual event has occurred 15 times in the history of the fund and has a minimal drop of 0.263%. It has a median drop of 2.067% and maximum drop of 38.054% over the following 16 trading days. Although I typically write on events that have occurred, this event is likely and greater benefit could be gained by making moves earlier. When we take a look at other technical indicators, the relative strength index (RSI) is at 40.2699. 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 moving lower. The RSI has been trending lower since May 2016. Even though the RSI typically cycles between overbought and oversold levels, that has not necessarily been the case with this fund. Overall the RSI is failing to make newer highs which is another significant signal of downward movement. Only once over the past year has the RSI broke above this trend before immediately following suit and heading down. This overall downtrend should continue as long as the RSI stays below this trendline. The true strength index (TSI) is currently -19.3683. 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 is down. The positive vortex indicator (VI) is at 0.7572 and the negative is at 1.0678. 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 slightly moving up recently, but should begin its downtrend again. The stochastic oscillator K value is 21.2870 and D value is 19.7285. 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 fund has been flirting with oversold territory for at least two weeks. Most likely one of two things will occur. The fund will continue to slowly move down with up days causing the stochastic to stabilize and rise even though the fund continues its downward bias. The second possibility would have the fund rise up and out of the downtrend either temporarily or permanently. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 3% over the next 26 trading days.
AMEX:XLEShort
by StockSignaler
Near-Term Drop For WalgreensWalgreens Boots Alliance stock has been in a defined bullish trend since the beginning of 2016. Its current position displays the stock is ready to cycle down. The typical movement occurs over a period of 15 or more trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 62.2076. 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 is moving down as this indicator recently turned downward when it was near overbought territory. The last two time the stock was at its current RSI level, the stock dropped greater than 7% over the following 32 trading days. The true strength index (TSI) is currently 11.6581. 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. This indicator is more indicative of long term trend and it is slow to reverse course. The positive vortex indicator (VI) is at 1.1647 and the negative is at 0.7472. 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 this is beginning to weaken and trend downward. The stochastic oscillator K value is 53.7979 and D value is 63.7308. 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 exited overbought territory and should continue to decline. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 3.5% over the next 28 trading days.
NASDAQ:WBA
by StockSignaler
American Express Looking For Bearish Gap FillOn May 3, 2017, American Express Company crossed below its 50 day moving average (DMA). Historically this has occurred 406 times and the stock does not always drop. The median drop is 4.538% and maximum drop is 45.566% over the next 20 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 50.4969. 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 slightly volatile. It is currently trending down since the recent post-earnings gap up. The stock can continue to go down with less volatile price swings. The true strength index (TSI) is currently 2.3520. 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 was trending down, but has recently turned upward. This indicator is typically delayed so the bend upward is not always indicative of further upward movement. The positive vortex indicator (VI) is at 0.9408 and the negative is at 0.8340. 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 neutral since the post-earnings gap up. With both indicators below 1, anything can happen. The stochastic oscillator K value is 57.5145 and D value is 69.9118. 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 exited overbought territory and should continue to decline. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 2.70% over the next 20 trading days.
NYSE:AXPShort
by StockSignaler
Slight Drop Ahead For UPSOn May 2, 2017, the UPS 100 day moving average (DMA) crossed below its 200 day moving average (DMA). Historically this has occurred 12 times and the stock drops a minimum of 0.531%. The median drop is 2.948% and maximum drop is 7.001% over the next 17 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 52.3348. 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 may not have major sudden price swings. The true strength index (TSI) is currently -2.4060. 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 up. The positive vortex indicator (VI) is at 0.9788 and the negative is at 0.8750. 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 slowly cycling with crest to trough occurring in less than 14 days. With both indicators below 1, anything can happen. The stochastic oscillator K value is 66.0265 and D value is 77.6110. 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 exited overbought territory and should continue to decline. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 1.91% over the next 17 trading days.
NYSE:UPSShort
by StockSignaler
Bears are out For MetLifeOn April 28, 2017, the MetLife 20 day moving average (DMA) crossed below its 150 day moving average (DMA). Historically this has occurred 24 times and the stock drops a minimum of 1.184%. The median drop is 3.894% and maximum drop is 10.709 % over the next 12 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 48.2268. 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 but also trending down since the election last November. The true strength index (TSI) is currently -9.0016. 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 been moving down for most of 2017. The positive vortex indicator (VI) is at 0.8072 and the negative is at 0.9669. 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 but with both indicators below 1, anything can happen. The stochastic oscillator K value is 53.4444 and D value is 54.8659. 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 did not make it to overbought territory before recently reversing downward. The highs reached for the stochastic have been trending lower since the election, so a reversal at the current level is very possible. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop another 2.23% if not more over the next 12 trading days.
NYSE:METShort
by StockSignaler
Two Bearish Crosses For ExelonOn April 21, 2017, the Exelon Corporation ( EXC ) 20 day moving average (DMA) crossed below its 50 DMA and the 200 DMA crossed below the 250 DMA. Both crosses have never occurred on the same day before and both crosses do not always result in a drop for the stock. Historically the 20 has crossed below the 50 DMA 93 times with a median drop of 4.412% and maximum drop of 30.837% over the next 20 trading days. Historically the 200 has crossed below the 250 DMA 19 times with a median drop of 5.612% and maximum drop of 35.336% over the next 20 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 39.2493. 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 -0.6979. 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 0.8948 while the negative is at 1.1548. 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. The stochastic oscillator K value is 16.3935 and D value is 28.1336. 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 quickly approaching oversold territory. This is the only indicator suggesting potential upward movement, even if it is just in the short-term. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction has the stock moving down. Based on historical movement compared to current levels and the current position in its trend channel, the stock could drop at least 0.73% over the next 19 trading days. I am watching many trend lines and channels for EXC. The stock has conformed well to use the trendlines as respective support and resistance levels. The stock should drop in the long run, but it may go up first. The smarter play is waiting for the stock to go up and short the drop to at least 34.90.
EShort
by StockSignaler
NVIDIA Could Be In For Major DropOn April 28, 2017, NVIDIA stock crossed below its 100 day moving average (DMA). Historically this has occurred 106 times and the stock drops a minimum of 0.327%. The median drop is 6.170% and maximum drop is 44.146% over the next 12 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 54.3666. 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 moving down since reaching its high around February 7, 2017. The true strength index (TSI) is currently -7.3622. 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 also declares the stock has been moving down since reaching its high around February 7, 2017. The positive vortex indicator (VI) is at 1.0986 and the negative is at 0.8457. 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 over the recent two weeks, but has begun moving down. The stochastic oscillator K value is 90.1054 and D value is 91.7037. 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 will move down. This stock has flirted with the 100 DMA for the past four days. It crossed above on day Tuesday, below on Wednesday, above and Thursday, with the final close below on Friday. Although this pattern has never occurred exactly, similar instances occurred in November 2000, February 2001, August 2001, February 2002, February 2007, December 2007, May 2011, October 2012. The final cross down lead to a 44.146%, 19.294%, 37.098%, 19.964%, 14.52%, 32.122%, 5.986%, 10.038% respective drop over the following 12 trading days. These drops all seem drastic but could be a signal of chaos for the NVDA stock. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop another 4.05% if not more over the next 12 trading days. Based on the similar historical flirtations with the 100 DMA, Stochastic, RSI, and TSI, the drop could be much more than the projected 4.05%. FUNDAMENTAL TAKE: Earnings for NVIDIA will occur in this timeframe. The estimated EPS is much lower than it has been which could also signal downward movement in the longer term. This stock is incredibly overpriced in comparison to similar stocks in this sector.
NASDAQ:NVDAShort
by StockSignaler
Another Bearish Signal For Financials, CitigroupOn April 28, 2017, Citigroup stock ( C ) 20 day moving average (DMA) crossed below its 100 day moving average (DMA). Historically this has occurred 237 times and the stock does not always continue to drop. The median drop is 3.213% and maximum drop is 37.140% over the next 11 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 49.4113. 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 -4.9549. 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 been moving down, but has begun to slightly move up. The positive vortex indicator (VI) is at 0.8428 and the negative is at 0.9875. 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. The stochastic oscillator K value is 66.5123 and D value is 62.8527. 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 did not make it to overbought territory before recently reversing downward. This indicator does not always have to break above the overbought level before reversing, but there is always the slightest chance it could move up. The latter is not likely however due to the stock's position in its multiple trend channels and lines of resistance. Four days prior to this cross below the 100 DMA, the stock crossed above the 100 DMA. This similar cross up and cross down within 5 trading days has occurred 11 times since the financial crisis recovery began. It has occurred in May 2009, June 2009, July 2009, June 2010, July 2010, August 2010, December 2011, October 2013, June 2014, July 2014, November 2015. The stock dropped 0.595%, 15%, 8.571%, 8.354%, 2.036%, 8.845%, 13.444%, 3.559%, 1.159%, 1.938%, 1.27% on the respective occasions. The minimal drop was 0.595% while the median drop was 3.559% over the next 11 trading days on these occasions. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down in the near term. Based on historical movement compared to current levels and the current position, the stock could drop another 1.39% if not more over the next 11 trading days.
NYSE:CShort
by StockSignaler
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.
NYSE:KOLong
by StockSignaler
Welcome To The Dow Jones Industrial Double Top CircusWelcome to the double top, prepare for the drop! The DJIA achieved a double top and recorded a lower high than the record high on March 1, 2017. The next few days are crucial to see if the Dow can break through this ceiling. If it cannot, the drop could be to recent levels of support or the house of cards could completely crumble. The stochastic is nearing overbought already and due to come down. The vortex indicators are struggling for direction and neither one wants to break above 1. These indicators support indecision and a potential fall.
DJ:DJIShort
by StockSignaler
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%.
NYSE:DALShort
by StockSignaler
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.
NYSE:NKELong
by StockSignaler
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.
AMEX:USOShort
by StockSignaler
1
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.
NYSE:PAY
by StockSignaler
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.
NYSE:MRKLong
by StockSignaler
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.
NYSE:KMIShort
by StockSignaler
2
Bears To Feast On CaterpillarOn April 13, 2017, Caterpillar ( CAT ) crossed below its 50 and 100 day moving averages (DMA). Historically the stock has crossed below the 50 DMA 444 times, the 100 DMA 348 times and both have occurred on the same day 72 times. For all of these instances, the stock does not always drop over the following 11 trading days. The 50 DMA cross has a median loss of 3.627% and a maximum loss of 33.865% while the 100 DMA cross has a median loss of 2.829% and a maximum loss of 21.035%. When both crosses occur on the same day, the median loss is 2.528% and maximum loss is 19.584%. When we take a look at other technical indicators, the relative strength index (RSI) is at 45.6290. 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 -0.9828. 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 0.9853 while the negative is at 0.8779. 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 drifting down with both indicators remaining below 1. The stochastic oscillator K value is 66.0377 and D value is 77.5211. 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 2.25% over the next 11 trading days. The most recent same day crosses outside of the current trend channel were in November 2013, September 2013, October 2013, December 2013, and September 2014. The respective losses were 2.526%, 2.530%, 0.624%, 0.823%, and 6.123%. FUNDAMENTAL TAKE: Another consideration with CAT earnings approaching is our current economic state. After the election, CAT surged on hope of construction jobs in the near-term due to projected presidential policies. The construction and policies are yet to fully take shape and the price of the stock could not only appear too high, but not much has changed regarding the earnings of the company. With the stock being propped up with nothing to justify it, earnings day could be a major wakeup call for investors which could easily be the catalyst for this stock to drop to 91 or even sub-90.
NYSE:CATShort
by StockSignaler
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.
NYSE:BMYShort
by StockSignaler