FNM is coming up on earnings. However, the decline had no basis in news reports until Wednesday, with Freddie Mac (FRE), another government-sponsored enterprise, said it will need an additional $10.6 billion in federal aid.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| FNM $1.02 |
As goes Freddie, can Fannie be far behind?
The Fibonacci grid measures FNM's retracement of the rise from 28¢ on Nov. 22, 2008 to $2.13 on Aug. 25, 2009.
In Fibonacci analysis, 61.8% is considered to be a significant reversal level, and certainly 99¢ has been an important stopping place for FNM's price since late 2009.
On an annual chart, FNM has traced a sideways move between about $1.35 and 90¢ since falling from the August 2009 peak. decline from the peak.
The most current rise and fall has been contained between $1.36 and 99¢ so far.
Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.
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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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