The psar signal comes after an uptrend that began Jan. 28 leveled out beginning March 11.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| DIS $34.03 |
In a broader view, DIS has been rising for the past year and has moved back to the top of a long-running sideways trend that ran throughout 2007 and ended with market break of the Autumn of '08.
So, near term, I like DIS, even with the bull-zone macd decling toward the zero line. But short term, the company has only reclaimed ground that it lost in what was (we fervently hope) a time of extraordinary circumstances. It may well simply be reverting to its sidewinder history.
Also, a year-long sideways trend means even the congestion is congested. If DIS were a nose, it would have a horrible case of hay fever. Break out the tissue paper!
You are here:
- Reversal
- $36.79, +8.1%
- $35.69, +4.9%
- $34.98, +2.8%
- $34.71, +2%
- $34.19, +0.5%
- Now $34.03
- Reversal
- $33.42, -1.8%
- $33.25, -2.3%
- $29.03, -14.7%
- $28.71, -15.6%
Earnings on May 11, which is far enough from April expiry to be within my zone of comfort. It could produce some turbulence, however, in a stock as widely covered as is DIS.
Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: green for up, red for down, yellow for sideways
- adx: green for above 30-up, red for 20-down, yellow for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.
No comments:
Post a Comment