| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| CIEN $17.73 |
The decline puts the price at the lower end of last Friday's rise, which broke a short-lived downtrend.
Also, the macd has dropped below the zero line, and the fast stochastic is dropping through the neutral zone toward oversold territory. Both configurations are bearish.
The parabolic sar and Person's Proprietary Signal -- the two technicals that I usually give the most credence to -- remain mixed: bullish on the psar, bearish on the pps.
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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.
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: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple 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.
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