| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| FNM $1.11 |
The technical indicators are unrelentingly bearish, except for the stochastic, which has turned up toward the oversold line. A cross above that line would be a bull signal.
In Fibonacci terms, 99¢ is the next big stopping point on the downward slide, and indeed that was a major price support level back in February.
In addition, there's price support around $1.05 dating from March.
The upper Fibonacci level is at $1.21, which served as a price support for much of April.
The Fibonacci grid tracks retracement of the rise from 28¢ in November 2008 to $2.14 in August 2009.
Today's trading so far has covered a 4.4% downward move intraday. At the low the price was 6.8% below Tuesday's close. The current price is at a level last seen on April 12.
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
Today on Private Trader
- Almanac
- Morningline: Stocks and Bonds
- Morningline: Other Indicators
- Morningline: Holdings
- Forex: EUR/CAD & NZD/USD
- Today's Scan
- Stock Picking: An Essay
- Stocks Watchlist
- Forex Watchlist
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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