DTPI:
MACD:
Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the fast moving average crosses
above or below the slow moving average.
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. However, the recent downturn in the MACD average may indicate a short term decline within the next few bars.
Mov Avg Weighted:
Conventional Interpretation: Price is above the moving average so the market trend is up.
DMI:
Conventional Interpretation: DMI+ is greater than DMI-, indicating an upward trending market. A signal is generated when DMI+ crosses DMI-. DMI is in bullish territory.
ADX:
Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling.
Additional Analysis: The long term trend, based on a 45 bar moving average, is up. However, a falling ADX indicates that the current trend is weakening and may possibly reverse. Look for a choppy market ahead.
Money Flow:
Conventional Interpretation: Money Flow issues a signal when a new period high or low is reached in the market which is not confirmed by a similar new high in
the Money Flow Index.
Volume:
The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is
UP. Volume is trending higher, allowing for a pick up in volatility.
Stochastic - Fast:
Conventional Interpretation: The stochastic is in overbought territory (K line is at 76.19); this indicates a possible market drop is coming. The stochastic is in
oversold territory (K line is at 76.19; this indicates a possible market rise is coming.
Additional Analysis: The long term trend is UP. The K component is showing the market is oversold. Look for a bottom soon. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator
is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to.
Stochastic - Slow:
Conventional Interpretation: The K line crossed below the D line; this indicates a sell signal. The stochastic is in overbought territory (K line is at 77.54); this indicates
a possible market drop is coming. The stochastic is in oversold territory (K line is at 77.54; this indicates a possible market rise is coming.
Additional Analysis: The long term trend is UP. The K component is showing the market is oversold. Look for a bottom soon. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator
is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to.
RSI:
Conventional Interpretation: RSI has issued a bearish signal (RSI is at 70.18). When RSI crosses above the overbought line (currently set at 70.00) a sell signal
is issued.
Additional Analysis: RSI is in overbought territory (RSI is at 70.18). However, the market may continue to become more overbought before a top is established. Look for a downturn in RSI before taking any bearish positions based on this indicator.
Percent R :
Conventional Interpretation: %R is inconclusive on this bar.
Additional Analysis: The long term trend is UP. %R is inconclusive at the current level.
Momentum :
Conventional Interpretation: Momentum (4.25) is above zero, indicating an overbought market.
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.
Momentum is in bullish territory.
Williams Acc-Dis:
Conventional Interpretation: Signals are generated by examining divergences between Williams' Accumulation - Distribution and the underlying market. A new high in the market which is not accompanied by a similar new high in the indicator is considered bearish. Similarly, it is bullish when the market has reached a new low without a new low in the indicator. The market has reached a 9 bar new high here which has been confirmed by a similar
high in Williams' A/D. No signal is generated here.
Chaikin Oscillator:
Conventional Interpretation: The Chaikin Oscillator generates a signal when the underlying asset reaches a new high or new low which is unconfirmed by a similar new high or new low in the oscillator.
Expert Analyst (Omega 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. Moving Average studies are generally bullish, while Bollinger Bands offer a neutral outlook.
On balance the market looks bullish short term.
LarryWilliams Expert:
The PercentR is greater than 60 and increasing, indicating a rising market. Here is an inside bar. With its up close and following a bit of a rally, I would call this inside bar
bearish.
Swing Index :
Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.The swing index has crossed over zero, issuing a short term bullish signal.
ThomasDeMark Expert :
TD REI = 79.78 and rising. TD Channel II high = 55.5474, low = 50.1231.
REI is in overbought territory and it?s value is still rising. Generally, you should expect the market to turn down soon. Consult the other indicators and the Special Conditions Report for confirming evidence of a possible top.
The high of the bar has exceeded the upper channel boundary yet closed within the channel. This is normally a bearish indication. Expect the market to move lower.
Note: The previous bar had a close above the upper channel which may confirm a top. |
