**** INTEL CHART *******
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CSS II:
Analysis of INTEL
(INTC)
Reviewed on 5/12/98
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High: 84.688
Low: 82.063
Close: 84.563
Change: 2.063 (2.5000%)
Volume Today: 12,118,200 shares.
On 5/12/98, INTEL closed up 2.0625 at 84.5625 on volume 30.69% below average.
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Summary:
Moving Averages
INTEL closed at: 84.563
The close is currently Above its 5 period exponential moving average (83.0653).
The close is currently Above its 9 period exponential moving average (82.3417).
The close is currently Above its 21 period exponential moving average (80.7761).
The close is currently Above its 50period exponential moving average(79.8015).
The close is currently Above its 200 period exponential moving average (79.2939).
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Candlesticks (Automatically done by Metastock. Accuracy Unverified)
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 25 white candles and 23 black candles for a net of 2 white candles.
An engulfing bullish line occurred (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend (which appears to be the case with INTEL), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.
A piercing line occurred (which indicates that prices moved down on the previous bar, opened even lower, but then closed significantly higher). This implies strength as the momentum appears to be shifting from the bears to the bulls. Note that the higher the close of the white candle (relative to the black candle), the more bullish the Piercing Line pattern. |
