OLED looks overbought again, time for snapback?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on June 3, 2022 with a closing price of 124.42.
If this instance is successful, that means the stock should decline to at least 123.68 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.843% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 6.8475% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 12.939499999999999% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 5.0 trading bars; half occur within 16.0 trading bars, and one-quarter require at least 31.5 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Precise_signal
June swoon about to hit Starbucks stock?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on June 1, 2022 with a closing price of 76.28.
If this instance is successful, that means the stock should decline to at least 75.47 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.684% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.604% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 13.653% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 14 trading bars, and one-quarter require at least 25 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Schwab Set For Quick Bounce? Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 9, 2021 with a closing price of 73.0.
If this instance is successful, that means the stock should rise to at least 73.65 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.444% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.3515% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 9.7635% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.75% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12.5 trading bars; half occur within 25.5 trading bars, and one-quarter require at least 35.5 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Lumen Tech Joins The Pending Selloff?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on September 3, 2021 with a closing price of 12.12.
If this instance is successful, that means the stock should decline to at least 12.01 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.302% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 4.85% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 7.819% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.75% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 12 trading bars; half occur within 21 trading bars, and one-quarter require at least 33 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Tidewater Continues Down For NowBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on September 3, 2021 with a closing price of 11.42.
If this instance is successful, that means the stock should decline to at least 11.3 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 4.346% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 10.788% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 20.044% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 4 trading bars; half occur within 19 trading bars, and one-quarter require at least 29 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Discovery Jumping on Sell BandwagonBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on September 27, 2021 with a closing price of 28.38.
If this instance is successful, that means the stock should decline to at least 28.23 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.311% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 4.10% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 6.591% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 8.0 trading bars; half occur within 20.5 trading bars, and one-quarter require at least 33.0 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Algorithm has TXN breaking up to new ATH soonIt looks like bottom could be in. Not only could TXN reach and all-time high, but they would breakout of the sideways funk they have been in since mid-March of this year.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 16, 2021 with a closing price of 189.85.
If this instance is successful, that means the stock should rise to at least 192.19 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 4.389% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 6.776% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 11.234% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 9 trading bars; half occur within 24 trading bars, and one-quarter require at least 33 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Blackstone to have big month ahead?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 13, 2021 with a closing price of 114.37.
If this instance is successful, that means the stock should rise to at least 115.14 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.0665% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.1565% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.523% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10.5 trading bars; half occur within 22.5 trading bars, and one-quarter require at least 36.0 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Best Buy may be heading down near-termBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 9, 2021 with a closing price of 112.54.
If this instance is successful, that means the stock should decline to at least 111.3 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 4.2515% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 8.478% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 15.7105% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 3.0 trading bars; half occur within 13.0 trading bars, and one-quarter require at least 25.5 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
At the time of this publishing, the stock has already reached the top of the small red box and may be in the early stages of the short-term forecasted decline.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
This Signal Has Tractor Supply Rising SoonBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on July 23, 2021 with a closing price of 187.7.
If this instance is successful, that means the stock should rise to at least 189.79 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 8.587% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 17.077% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 18.821% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 15 trading bars; half occur within 27 trading bars, and one-quarter require at least 32 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Is HLI next to find one of these price targets?Here is another interesting pick. In the case of HLI, 4 of my algorithms signaled a BUY on April 16, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. We are not quite past the point of the stock charting a permanent course higher as I have laid out, but it is off to a good start.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top. I would consider the movement a success once it reaches a level equivalent with the bottom of the smaller green box. This may happen earlier or later the box that is outlined, but the most like location is in this box.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
Is Analog Device Next To Rise? This Algorithm Is Pointing...I have changed up how to best display projected movement. In the case of ADI, 3 of my algorithms signaled a BUY on March 26, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
Mohawk is oversold. Is this one ready to run up?I have changed up how to best display projected movement. In the case of MHK, 4 of my algorithms signaled a BUY on March 24, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 3 Hour chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
Genpact Set To Rise Soon?Genpact is the latest stock to flash the Precise Signal. This time it is a buy indicator. Genpact Limited signaled a BUY on March 2 and proceeded to drop lower as expected. It dropped lower than normal, but it is back up near its signal price. The consensus targets are plotted on this chart. Most have the targets above $45. The interesting part is it tends to take longer for the top to be reached for this stock. Right now, it looks like $45 might not be hit until April. Based on the how the market is teetering and I personally opine it will drop much lower soon, the best entry point for this stock may be over a week away. April call options right now are fairly cheap. My guess is they get cheaper over the next week setting up a nice position if everything moves as expected.
The Precise Signal is occurred on the daily chart 5 times for this stock. All 5 so far have resulted in the stock moving up at least 5% from the closing signal price. In this instance, the stock closed at 41.74 on March 2. 5% above this price is $43.82. The stock dropped to $39.32 days after the signal. A move from this low to $43.82 is an 11% gain. A move to $45 from that low would be a gain of 14%.
Like I mentioned, the market is rocky and should continue for a bit. The close on Friday was at 41.41 and I expect it to drop again before charging above $45. Sit back and get ready to pounce on this potential opportunity.
For full analysis check out the article for free at the website in my signature block.
Is something about to happen in the Defense Industry?The algorithms, specifically, the Precise Signal is at it again. The signal is a SELL for Northrup Grumman. Historically, the Precise Signal indicating a SELL sees the stock move down an average of 10%. In fact the minimal drop for this signal with NOC is 7%. Considering Friday saw the stock drop 3% off its high, another 7% (or more) would be huge.
My MTFs also signaled SELLs, but since the Precise is built off of them this a not a surprise. For you technical junkies, the full analysis with each target is at my site for free as always
Can AGCO rise another 3%At Friday's opening, AGCO rose significantly. By the close of the first two hour bar that morning, 4 of my trading algorithms signaled BUY. Normally such quick movement would trigger a SELL. After studying this event and the algorithms, it looks like squeezing a few more percent out of this rise is possible.
The rarest of my triggers is the Precise signal but it has the strongest accuracy rate of all my algorithms. When all 4 of these trigger a BUY at the same time, the stock has always risen. The smallest rise when all 4 trigger is 0.796% and that occurred on the very next bar. The stock then dropped 4% afterward.
The average and median gain from this point are above 3.2% from the closing price causing the BUY signal. Most of the time, the stock briefly drops 0.7% before completing its 3% gain. The typical period of this delay in upward price movement is likely over and the stock did not drop the full 0.7%. So the question is where does it go from here?
In the short-term, it should climb above $128 which is still a significant move. I have plotted all of the models on this chart to include the bounce down and their target tops.
Let me know what you think
KO Set To Move Up Before DownI am back to conducting full studies based on all my algorithms. At the close yesterday, KO signaled Sell on my Precise Signal. This is great news as this algorithm is highly accurate and finding price reversals. Particularly, this has found reversal points on 10 of 11 occasions specific to the Daily chart for KO and the determination of a SELL point. I have the full analysis and explanation of all the target price points on my site as usual.
I see it moving up over the next 2 to 4 days as displayed and then down over the next few weeks. I am looking for around a 6% drop from the top which is likely close to 51.00.
Let me know what you think.