| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| FNM $1.24 |
So far this week Fannie has been all motion and no progress.
The stock may be setting up for yet another hesitation mark. Monday and Tuesday showed wide trading ranges -- 7.5% and 2.5% respectively, but the open and close were identical.
Today's trading range so far has traversed -2.3% high to low.
The narrowing range of daily movement is consistent with the symmetrical triangle price pattern that has been building since April 12.
This is a continuation pattern that implies a 26¢ price rise from breakout at the apex.
This signal is 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.
New to private trading? Here's a look at How to Become a Private Trader.
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