Made with TS.
Bollinger Bands (Indicator):
Conventional Interpretation: The Bollinger Bands are indicating an
oversold condition. An
oversold reading occurs when the close is nearer to the
bottom band than the
top band.
Additional Analysis: The market is in
oversold territory.
MACD (Indicator):
Conventional Interpretation: MACD is in
bullish territory, but has not issued a signal here. MACD generates a signal when the
fast moving average crosses above or below the
slow moving average.
Additional Analysis: The
long term trend, based on a 45 bar
moving average, is UP. The
short term trend, based on a 9 bar
moving average, is DOWN. MACD is in
bullish territory. However, the recent downturn in the
MACD average may indicate a short term decline within the next few bars.
TRIX (Indicator):
Conventional Interpretation: TRIX (16.20) is above zero, indicating an
overbought market.
Additional Analysis: The
long term trend, based on a 45 bar
moving average, is UP. The
short term trend, based on a 9 bar
moving average, is DOWN. TRIX is indicating an
overbought market, and appears to be slowing. A modest downturn is possible here.
ADX (Indicator):
Conventional Interpretation:
ADX measures the strength of the prevailing trend. A rising
ADX indicates a strong underlying trend while a falling
ADX suggests a weakening trend which is subject to reversal. Currently the
ADX is falling.
Additional Analysis: The
long term trend, based on a 45 bar
moving average, is up. However, a falling
ADX indicates that the current trend is weakening and may possibly reverse. Look for a
choppy market ahead.
Average True Range (Indicator):
Conventional Interpretation:
Average True Range measures relative volatility. Most analysts associate periods of relatively low volatility with market bottoms, while periods of higher than average volatility tend to indicate market tops.
Additional Analysis: Average True Range just reached an 18 bar low, offering some evidence that a
bottom is forming here.
Expert Analyst (Indicator):
Long Term Outlook: The major trend is up. A rising
ADX value suggests a continuation in the current trend. Most
Moving Average studies, and
Bollinger Bands are
bearish for the long term, suggesting lower levels ahead.
Short Term Outlook: The
short term trend has changed from up to down. Most trend following indicators (i.e.
Moving Averages,
Bollinger Bands, etc.) are in
bearish territory short term, indicating that a decline is likely. However, a short term
trading rally is possible here as the market finds some support near the lower
Bollinger Band. Looking exclusively at
Stochastics: The
short term trend looks a little toppy. A possible short term down move may occur.
