NK Swing SetupNK perfect chart setup. Got nice lift with price over 200 MA and 20 MA crossed over the 50 and 100 MA's. Plenty of upside left imo. Long.
Macross
Harmonic Targets: $2.33 and $2.97Bullish butterfly completed, then (Friday) stock tested/held support, then (today) 9/21 moving averages crossed.
xdaystogo.com
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.
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.
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.
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.
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.
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.
PLUG Bearishness Waning (hourly technicals)Hourly chart showing impending MA Cross, pinching MACD and Stoch, RSI over 50. Probably volatile until the stock closes over $2.40, but if technicals follow through the bearish snap of the last few days could be over. However, a close below $2.20 puts $2.00 in play.
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.
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.
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.
AT&T Still FallingOn April 13, 2017, AT&T ( NYSE:T ) crossed below its 150 day moving average (DMA). Historically this has occurred 223 times and the stock does not always drop. It has a median loss of 3.679% and a maximum loss of 21.351% over the next 20 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 32.0245. 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 trending down and could enter oversold territory soon.
The true strength index (TSI) is currently -12.2241. 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 0.8389 while the negative is at 1.1199. 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 the pace is slowing. Also the positive indicator is beginning to rise meaning price action could slow in the short-term leaving the door open for a price change in either direction.
The stochastic oscillator K value is 14.0197 and D value is 11.0155. 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 the price action is trending down. The current reading declares the stock is in oversold territory, but it has been flirting around this point since the end of March.
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% over the next 20 trading days. AT&T has crossed the 150 DMA in three of the last four sessions. The most recent similar flirtations with the 150 DMA have occurred in October 2014, November 2014, February 2015, August 2015, January 2016, and September 2016. The losses were 4.776%, 8.083%, 5.684%, 8.101%1.328%, and 4.355% respectively. This drop could ultimately result in a loss of nearly 4% to the bottom of the macro trend line (thick yellow line) 38.50-38.75 range, but the conservative play is around 39.40.
Two Technical Bears Bite IWMOn April 12, 2017, the Russell 2000 ETF ( IWM ) 20 day moving average (DMA) crossed below its 100 DMA and the ETF also crossed below its 100 DMA. Both crosses have not occurred on the same day in the history of the fund. Historically the 20 DMA has crossed below the 100 DMA 26 times and the stock drops a minimum of 0.217%. It has a median loss of 3.957% and maximum loss of 32.818% over the next 15 trading days. Historically the fund has crossed below the 100 DMA 91 times and does not always continue to drop. It has a median loss of 3.993% and a maximum loss of 34.336% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 45.2759. 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 is neutral but has been trending down.
The true strength index (TSI) is currently -5.2391. 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 moving down.
The positive vortex indicator (VI) is at 1.0416 while the negative is at 0.9511. 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 in a period of uncertainty. Although the positive is higher, both indicators have crossed four times in the past month.
The stochastic oscillator K value is 49.6357 and D value is 50.9736. 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 the price action is trending down. The current reading declares the fund is neutral and can go either direction.
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 market highs on March 1. Based on historical movement compared to current levels and the current position, the fund could drop another 1.55% over the next 15 trading days.
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.
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%.
Bank Of America Heading Down To Test SupportOn April 6, 2017, the Bank of America Corporation ( NYSE:BAC ) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 83 times and the stock does not always drop. The stock has a median loss of 2.296% and a maximum loss of 15.389% over the next 7 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4748. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slowly trending down, but not clear if a volatile price swing is on the horizon.
The true strength index (TSI) is currently -8.0671. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving down.
The negative vortex indicator (VI) is at 1.1688. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is steadily moving down.
The stochastic oscillator K value is 61.4618 and D value is 58.2159. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving up, but the divergence between the K and D is quickly shrinking and could also head down in line with all of the other technical indicators.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 4% over the next 7 trading days. There are many trendlines in play, but it is inconclusive which one will take hold next. Previous resistance around 22.20 has recently become new support and could be a viable level to be revisited.
At Least A 1% Drop For CiscoOn April 5, 2017, CISCO Systems Inc. ( NASDAQ:CSCO ) crossed below its 50 day moving average (MA). Historically this has occurred 236 times and the stock does not always drop. The stock has a median loss of 2.851% and a maximum loss of 30.080% over the next 5 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 34.1632. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is trending down and will quickly make it to oversold territory within the next 5 trading days.
The true strength index (TSI) is currently 23.4246. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving down.
The positive vortex indicator (VI) is at 1.1365. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving down.
The stochastic oscillator K value is 17.5800 and D value is 17.2248. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving down, but is due to move up again in the near future.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 1.1% over the next 5 trading days. The stock will revisit a previous resistance level around 32.60 which could turn into new support. A possible reversal at this point could also occur due to the Stochastic level in the oversold level. However, a quick drop could cause the stock to drop to the Macro support level around 31-31.50 before it reverses up again.
Sell NVIDIA Now!On April 4, 2017, NVIDIA Corporation ( NASDAQ:NVDA ) crossed below the 50 and 100 day moving average (MA). Both events have occurred on the same day 27 times with a minimal loss of 0.33% and median loss of 5.99%. Historically the stock has crossed below the 50 day MA 144 times and the stock does not always drop. The stock has a median loss of 3.802%. Historically the stock has crossed below the 100 day MA 105 times resulting in a minimal loss of 0.327% and a median loss of 5.460%. The maximum loss for all three instances is 44.146% and all information regards the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 39.7048. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is trending down.
The true strength index (TSI) is currently 2.7816. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving up but could reverse based on all other indicators.
The positive vortex indicator (VI) is at 1.0468. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock was moving up, but has begun to retreat and the negative is moving upward.
The stochastic oscillator K value is 63.3372 and D value is 74.8670. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is moving down. This indicator has been floating above the oversold level for a while. Continued downward price action is warranted.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 4% over the next 10 trading days. The stock is also in a downward wedge and near the apex. The stock is due to breakout of the wedge and this trip to the resistance level around 96.60 could lead to a significantly lower drop. Considering the stock has always dropped when it crosses below the 100 day MA and when the 50 and 100 MA occur on the same date, a drop should occur quickly.
Short-Term Dip, Long-Term Gain For LVSOn April 3, 2017, the Las Vegas Sands Corp. ( NYSE:LVS ) 20 day moving average (MA) crossed above its 100 day MA while its 50 day MA crossed below the 200 day MA. Both events have never occurred on the same day. Historically the 20 MA has crossed above the 100 MA 18 times. The stock has a minimal gain of 0.157%, has a median gain of 5.899% and maximum gain of 72.847 % over the next 15 trading days. Historically the 50 MA has crossed below the 200 MA 6 times. The has a minimal loss of 0.661%, a median loss of 4.687%, and maximum loss of 11.732% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 64.5565. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly moving up and recently retreated from near overbought levels.
The true strength index (TSI) is currently 20.5597. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving up.
The positive vortex indicator (VI) is at 1.1249. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up, although is retreating.
The stochastic oscillator K value is 72.6098 and D value is 69.2514. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is coming out of an oversold level, but trending up again.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading up, but could have a brief pullback from current levels first. Based on historical movement compared to current levels and the current position, the stock could lose another 1.5% over the next 5 trading days. After this drop, the stock could move up toward the resistance level around 60. From the close on April 3, the stock could gain 4.9% within the next four weeks. If bought near the anticipated dip, the gain could be greater than 6.5%.
