Dennis, hope you enjoy this..RAIN tech anyl. 9/24/96 ..Mov Avg 3 lines Indicator:
Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the
slow
moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the
slow moving average
Conventional Interpretation - Short Term: The market is bullish because the fast moving average
is
above the slow moving average.
Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this
indicator is
pointing to higher prices: the fast average is above the slow average; the fast average is on an
upward slope from the previous bar; the slow average is on an upward slope from the previous
bar; and price is above the fast average and the slow average.
Conventional Interpretation - Long Term: The market is bullish because the fast moving average
is
above the slow moving average.
Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this
indicator is
pointing to higher prices: the fast average is above the slow average; the fast average is on an
upward slope from the previous bar; the slow average is on an upward slope from the previous
bar; and price is above the fast average and the slow average.
Mov Avg Envelopes Indicator:
Conventional Interpretation: The Moving Average Envelope is indicating an oversold condition.
An
oversold reading occurs when the close is nearer to the bottom band than the top band.
Additional Analysis: The market appears overbought, but may continue to become more
overbought before reversing. Given that we closed at a 45 bar new high, the chance for further
bullish momentum is greatly increased. Look for some price weakness before taking any bearish
positions based on this indicator.
RSI Indicator:
Conventional Interpretation: RSI is in neutral territory. (RSI is at 72.32). This indicator issues
buy
signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is
generated when the RSI rises above the top line into the overbought zone.
Additional Analysis: RSI is somewhat overbought (RSI is at 72.32), but given the 45 bar new
high
here, greater overbought levels are likely.
MACD Indicator:
Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD
generates a signal when the FastMA crosses above or below the SlowMA.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The
short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. And, the
market just put in a 45 bar new high here. Look for more new highs.
Expert Analyst Indicator:
Long Term Outlook: The major trend is up. A rising ADX value suggests a continuation in the
current trend. Most Moving Average studies, and Bollinger Bands are bullish for the long term,
suggesting higher levels ahead. However, a short term pullback is possible here as the upper
Bollinger Band is tested, and the market encounters some resistance.
Short Term Outlook: The market is in a short term uptrend. Most Moving Average studies, and
Bollinger Bands are bullish for the short term, suggesting higher levels ahead. However, a short
term pullback is possible here as the upper Bollinger Band is tested, and the market encounters
some resistance.
Fundamental Outlook: (NOTE: The commentary here is relevant to the last bar only.) This stock
has
experienced exceptional earnings growth over the past year. But, year to date performance has
shown a decline in earnings.
Important: This commentary is designed solely as a training tool for the understanding of
technical
analysis of the financial markets. It is not designed to provide any investment or other
professional
advice.
Mov Avg 3 lines Indicator:
Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the
slow
moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the
slow moving average
Conventional Interpretation - Short Term: The market is bullish because the fast moving average
is
above the slow moving average.
Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this
indicator is
pointing to higher prices: the fast average is above the slow average; the fast average is on an
upward slope from the previous bar; the slow average is on an upward slope from the previous
bar; and price is above the fast average and the slow average.
Conventional Interpretation - Long Term: The market is bullish because the fast moving average
is
above the slow moving average.
Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this
indicator is
pointing to higher prices: the fast average is above the slow average; the fast average is on an
upward slope from the previous bar; the slow average is on an upward slope from the previous
bar; and price is above the fast average and the slow average.
Mov Avg Envelopes Indicator:
Conventional Interpretation: The Moving Average Envelope is indicating an oversold condition.
An
oversold reading occurs when the close is nearer to the bottom band than the top band.
Additional Analysis: The market appears overbought, but may continue to become more
overbought before reversing. Given that we closed at a 45 bar new high, the chance for further
bullish momentum is greatly increased. Look for some price weakness before taking any bearish
positions based on this indicator.
RSI Indicator:
Conventional Interpretation: RSI is in neutral territory. (RSI is at 72.32). This indicator issues
buy
signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is
generated when the RSI rises above the top line into the overbought zone.
Additional Analysis: RSI is somewhat overbought (RSI is at 72.32), but given the 45 bar new
high
here, greater overbought levels are likely.
MACD Indicator:
Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD
generates a signal when the FastMA crosses above or below the SlowMA.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The
short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. And, the
market just put in a 45 bar new high here. Look for more new highs.
Expert Analyst Indicator:
Long Term Outlook: The major trend is up. A rising ADX value suggests a continuation in the
current trend. Most Moving Average studies, and Bollinger Bands are bullish for the long term,
suggesting higher levels ahead. However, a short term pullback is possible here as the upper
Bollinger Band is tested, and the market encounters some resistance.
Short Term Outlook: The market is in a short term uptrend. Most Moving Average studies, and
Bollinger Bands are bullish for the short term, suggesting higher levels ahead. However, a short
term pullback is possible here as the upper Bollinger Band is tested, and the market encounters
some resistance.
Fundamental Outlook: (NOTE: The commentary here is relevant to the last bar only.) This stock
has
experienced exceptional earnings growth over the past year. But, year to date performance has
shown a decline in earnings.
Important: This commentary is designed solely as a training tool for the understanding of
technical
analysis of the financial markets. It is not designed to provide any investment or other
professional
advice.
Mov Avg 3 lines Indicator:
Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the
slow
moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the
slow moving average
Conventional Interpretation - Short Term: The market is bullish because the fast moving average
is
above the slow moving average.
Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this
indicator is
pointing to higher prices: the fast average is above the slow average; the fast average is on an
upward slope from the previous bar; the slow average is on an upward slope from the previous
bar; and price is above the fast average and the slow average.
Conventional Interpretation - Long Term: The market is bullish because the fast moving average
is
above the slow moving average.
Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this
indicator is
pointing to higher prices: the fast average is above the slow average; the fast average is on an
upward slope from the previous bar; the slow average is on an upward slope from the previous
bar; and price is above the fast average and the slow average.
Mov Avg Envelopes Indicator:
Conventional Interpretation: The Moving Average Envelope is indicating an oversold condition.
An
oversold reading occurs when the close is nearer to the bottom band than the top band.
Additional Analysis: The market appears overbought, but may continue to become more
overbought before reversing. Given that we closed at a 45 bar new high, the chance for further
bullish momentum is greatly increased. Look for some price weakness before taking any bearish
positions based on this indicator.
RSI Indicator:
Conventional Interpretation: RSI is in neutral territory. (RSI is at 72.32). This indicator issues
buy
signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is
generated when the RSI rises above the top line into the overbought zone.
Additional Analysis: RSI is somewhat overbought (RSI is at 72.32), but given the 45 bar new
high
here, greater overbought levels are likely.
MACD Indicator:
Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD
generates a signal when the FastMA crosses above or below the SlowMA.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The
short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. And, the
market just put in a 45 bar new high here. Look for more new highs.
Expert Analyst Indicator:
Long Term Outlook: The major trend is up. A rising ADX value suggests a continuation in the
current trend. Most Moving Average studies, and Bollinger Bands are bullish for the long term,
suggesting higher levels ahead. However, a short term pullback is possible here as the upper
Bollinger Band is tested, and the market encounters some resistance.
Short Term Outlook: The market is in a short term uptrend. Most Moving Average studies, and
Bollinger Bands are bullish for the short term, suggesting higher levels ahead. However, a short
term pullback is possible here as the upper Bollinger Band is tested, and the market encounters
some resistance.
Fundamental Outlook: (NOTE: The commentary here is relevant to the last bar only.) This stock
has
experienced exceptional earnings growth over the past year. But, year to date performance has
shown a decline in earnings.
Important: This commentary is designed solely as a training tool for the understanding of
technical
analysis of the financial markets. It is not designed to provide any investment or other
professional
advice.
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