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M-PAY

Possible area to buyI can't identify any significant patterns here other than a clear tightening downtrend. It is moving down on low volume, and there is no strength in the trend. Stoch RSI shows it is already being oversold, which can facilitate the downtrend but is also a precursor for a reversal. The SAR indicator supports the downtrend hypothesis, but ADX confirms the trend is weak. Fib time zones indicate another event in price action around August 20th, and judging by the strength of the trend, it is likely. A strong resistance area from the past is on the way, which makes me believe the downtrend will get stuck around that area. It will also hit the resistance line of the downtrend. At that moment, unless volume increases or TenX-related news comes out, it is likely to trend sideways within the confines of the resistance zone between fib levels 0.6 and 0.7 for some time. Unless there is a strong sign of reversal, August 20th looks like a good day to buy wherever the price falls within that resistance zone at the time. At the moment, I see it unlikely to reach level 0.7. 0.00072-0.00075 looks like a good area to invest. Thoughts? Have I overlooked anything? Maybe missed a pattern? Let me know!
Long
by HumbleDumbell
8
BTC-PAY Incoming ReversalPAY is looking for it's next big reversal, and it's going to find it sooner than later. A bounce off of .00095-.001 support is the most probably case, with the chance of breaking through support and falling to .00078. As you can see, PAY is consolidating and forming a bullish pennant, similar to NEO earlier today. I'd advise a buy in price of maximum .00102, and selling price of .0013 for a quick trade and .0016 for a more risky trade. Set a stop loss to .0009, or simply hold until the next support line at .00078. Good luck!
Long
by Logicmn
2
TENX - PAY bullish signalsSo PAY is a really interesting crypto which aims to remove the barrier between crypto holders and fiat businesses. They do this through ATM cards (real and virtual) which can function as a regular debit card using the major cryptocurrencies (BTC, DASH, LTC, ETH and more). By holding PAY, you earn a percentage of the transactions as well, which is paid out in PAY. Vitalic is apparently one of their primary investors, not an advisor, so that says a lot. On this chart, we are seeing a few bullish signals which could mark uptrend on the way after major correction. 1. Bullish divergence on the RSI vs price 2. EMA 9, 30 are now providing support for price. EMA 50 is very close as well and awaiting crossover 3. MACD has crossed over signal line and is heading into positive territory If you are conservative, then I would wait for the crossovers and positive MACD for more confirmation. I tend not to as that can cut profits by a good margin, but these signals are far from clear cut at this stage. Fake outs occur all the time. Good luck.
Long
by dctobkk
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
VeriFone Slipping DownOn March 30, 2017 VeriFone Systems (PAY) crossed below its 50 day moving average (MA). Historically this has occurred 97 times. When this happens, the stock does not always continue to drop. It has a median gain of 6.329% and maximum gain of 55.442% over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 49.2149. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction. The true strength index (TSI) is currently -3.5704. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down. The negative vortex indicator (VI) is currently 1.1591. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward but the positive vortex indicator is climbing and the negative indicator is beginning to drop. Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending downward. Based on historical movement compared to current levels and the current position, the stock could drop 3.67% over the next two weeks. The stock recently broke out of its upward trend channel and has entered a narrower down channel. The exact width of the current channel is still to be determined. I tend to look for at least three contact points to establish a trend which has not occurred on the support side of the down channel and today's opening level is only the third point on the resistance line. There is noticeable support around 18.52 which could be met in the near-term.
NYSE:PAYShort
by StockSignaler
Verifone Report Today // Perfect 2618 running...NYSE:PAY "Verifone is the maker of electronic payment terminals, including Europay, Mastercard, Visa (EMV) systems which accept credit cards with chips. As of October 1, merchants using non-EMV compliant terminals began assuming liability for fraudulent transactions, a liability previously held by the credit card companies. The shift in this liability should be profitable for Verifone as merchants scramble to update their payment terminals (at last read in 2014, the percentage of EMV enabled devices only reached 27%). Gas stations get a two year extension, however. None of the more than 1 million gas stations in the US have EMV capable devices at this point, due to the high cost of updating self-service gas pumps. Also worth watching on Monday is progress in Near Field Communication (NFC) technology, which allows electronic devices to exchange radio communication with each other when brought into close proximity -- technology used with such apps as Apple Pay, Android Pay and Google Wallet." Safe trades;
NYSE:PAYShort
by Andre_Cardoso