Some technical stuff
This analysis is based on the weekly chart of Cube:
Mov Avg 1 line Indicator:
Conventional Interpretation: Price is below the moving average so the trend is down
Bollinger Bands Indicator:
Conventional Interpretation: The Bollinger Bands are indicating an oversold
condition.
Additional Analysis: The market is in oversold territory.
Parabolic Indicator:
Conventional interpretation: The parabolic is currently short, but no new positions
have been taken from today's readings.
Additional Analysis: The long term trend, based on a 45 bar moving average, is
DOWN. The short term trend, based on a 9 bar moving average, is DOWN. The
parabolic is in bearish territory. The market came within 1.25 points of reaching
the parabolic showing some weakening in the downtrend.
Volume Indicator:
Conventional Interpretation: No indications for volume.
Additional Analysis: The long term market trend, based on a 45 bar
moving average, is DOWN. The short term market trend, based on a 5 bar
moving average, is DOWN. Volume is trending lower. In general this is
bearish.
Accum Distribution Indicator:
Conventional Interpretation: Accumulation Distribution attempts to identify the
beginning of a Bull or Bear market move by looking at divergences between
Acc-Dis and the underlying market. A major divergence occurs when the market
reaches a 45 bar high or low without a similar move in Accumulation
Distribution. No divergence currently exists.
Additional Analysis: The long term trend, based on a 45 bar moving average, is
DOWN. The short term trend, based on a 5 bar moving average, is DOWN. Since
Acc-Dis is in line with the underlying market, the current reading is neutral. The
current trend should remain intact.
MACD Indicator:
Conventional Interpretation: MACD is in bearish 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
DOWN. The short term trend, based on a 9 bar moving average, is DOWN.
MACD is in bearish territory. However, the recent upturn in the MacdMA may
indicate a short term rally within the next few bars.
RSI Indicator:
Conventional Interpretation: RSI is in neutral territory. (RSI is at 34.89). 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 oversold (RSI is at 34.89). However, this
by itself isn't a strong enough indication to signal a trade. Look for additional
evidence here before getting too bullish here.
Stochastic - Fast Indicator:
Conventional Interpretation: The SlowK line crossed above the SlowD line; this
indicates a buy signal. The stochastic is in oversold territory (SlowK is at 11.93;
this indicates a possible market rise is coming.
Additional Analysis: The long term trend is DOWN. The short term trend is
DOWN. Don't be fooled looking for a bottom here because of this indicator. The
stochastic indicator is only good at picking bottoms in a Bull Market (in which we
are not). Exit short positions only if some other indicator tells you to.
Volume ROC Indicator:
Conventional Interpretation: The Volume Rate of Change is most commonly used
to determine the likelihood of a continuation in the current move. A positive value
suggests that there is sufficient participation to drive prices further in the direction
of the current move; a negative Volume Rate of Change suggests a stall or
reversal of the current trend. Currently the market is declining (based on a 14 bar
moving average), while the Volume Rate of Change is negative. This is
somewhat bullish.
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.
good luck c-ya! |
