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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!

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To: Hal Campbell who wrote (3654)5/7/2001 6:48:21 PM
From: Michael Olds  Read Replies (4) of 4169
 
For this same commentary plust the chart on which it was based go to:

thesummerhilltrust.org

All as of 5/4
Bollinger Bands: on 5/4 AMPEX closed below the upper band by 49.5%
Bollinger Bands are 29.8% wider thannormal.
Conclusion: no conclusions are possible.

Candlesticks:
A black body occured. During the past 10 bars,there have been 3 whitecandles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 13 white candles and 31 black candles for a net of 18 black candles. Three blackcandles occurred in the last threedays. Although these candleswere not big enough tocreate three blackcrows,the steady downward pattern is bearish.

Chande Momentum Oscillator
The current value of the Chande Momentum Oscillator is 7.3171
The CMO shows an overbought condition when it is above 50. Oversold is below -50
Currently, the CMO does not show either.

Summary of the Equis Directional Movement indicator:
There currently isn't a spedific price direction. the last signalwas a Sell 60 periods ago. (daily chart)

MACD
Crossovers: Currently the MACD is bullish since it is trding above its signal line. The MACD crossed aboveits signal line 29 periods ago. Since then the price has increased 30%
Not overbought or oversold
No divergences within the last 5 days

Stochastic Oscillator @36.36 not over/under
Relative Strength: @48.96, not toping or bottoming -- last signal was a sell 5 periods ago

RSI solidly in limbo

Statistical analysis (of a number of indicators)
The current peak of rsquared is less than the previous peak. This indicates weakness of the long term trend. Thecurrent slope of the close is positive moving higher indicatingstrength of the medium term uptrend. Thestandarderror is 0.088. At this level there is much higher thannormal volatility around the current trend and traders are probably not in general agreement, notallowing the security to trend easily. The price isprobablynot followig the regressionslope well.

Trend analysis summary:
The current market condition for Ampex is Very Bearish
The closeis currently below it's 200 period moving average.
The close is currently below it's 90 period moving average
Theclose iscurrently below it's 30 period moving average.
There is no additional confirmation from trding signals generated over the last ten periods.

Volatility Analysis
On 5/4 AXC closed down -0.10 at 0.39 on volume 82.62% above average. Bollinger Bands are 40.81% higher thannormal.

The Gil Raff MarketSpace Stock System is reporting that AXC is currently in a sell mode. (1 day)

The Martin Pring Short Term filtering system is currently in neutral.

Bill Williams Profitunity says: Close is Inside the Alligator which means that the market is near to being balanced and the price might move in either direction. Advice: be patient and wait for the stock to continue on following the downward trend (You asked for it, I didn't say it!)

BullPowerBearPower :
If trading long, exit today MOC (Market on Close)
Short: enter short today MOC or MO monday.
(wudda lost .01)

Chande Forecast Oscillator: no signals

Rex Takasugi TD profile:
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Summary: AXC is currently 46% below it's 200 period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volme into AXC (mildly bullish). Our trend forecasting oscillators are currently bullish on AXC and have had thisoutlook for the last 15 periods.

Chande Chart Checkup:
Overall the bias in prices is Downwards
Short term prices are moving
Intermediate term prices are trending
The projected upper bound is 0.52
The projected lower bound is: 0.25
The projected closing price is .39
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