| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| CPN $13.72 |
Although the average directional index, at 33, suggests a strongly trending stock, the reality is somewhat different.
CPN began a sharp rise on April 19, at $11.58, and it peaked on May 3 at $14.
CPN has exceeded the $14 level only once since the collapse of capitalist finance began in 2007/2008. That was in June 2009. Otherwise, the stock has maintained a strong sideways trend bounded by around $12.50 and $10.50, with a few breakthroughs on either side.
So I won't take it on my own account as a directional trade. It might be a candidate for an iron condor bounded by $15 and $10 on the short legs, but the premium, at 15¢, isn't particularly attractive.
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
Skynet Panic of May 6
Panic Looks Like This
Skynet Panic Poisons Technical Tools
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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