BAC : NYSE 03/16/2020 DAILY REPORT - Trending Bear Mode
SDB Select - Proprietary Market Report for...
BAC : NYSE
24.16 : 03/13/2020 : 908 ET Change: 3.65 (15.11%)
Trending Bear Mode
Report Type = Macro, End of Day
SDB Select Categories that are currently turned on:
Data Overview
Market Behavior
Transitions
Standard Analysis
Advice
Natural Attraction
Support / Resistance
SpeedView
Price Projections
ABOUT US
Strategydb's focus is to bring forth key analytics and decision support tools that the entire trading and professional investment community can use, and profit from.
DISCLAIMER
THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL! YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CURRENT FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, REMEMBER THAT PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Market Mode of Behavior: BAC : NYSE : 24.16 : Macro: Eight specific set-ups that dictate the current trading strategy...
Currently, this market meets the Trending Bear Mode criteria. Price is trending lower.
For the entire data set this market has been in Trending Bear Mode 12.24% of the time.
The average number of bars spent in this Mode before transitioning normally = 19. Since the current number of bars in Mode = 5, this Mode of Behavior still has 14 bars to mature before meeting its average and possibly transitioning. Remember that this analysis is being performed on the bar interval.
The average price growth during this behavior is approximately = -2.29. This is compared to the current price growth of -1.55. Based upon the closing price of the most recent bar, price growth has yet to be met.
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Transitions & Time: BAC : NYSE : 24.16 : Macro: Background on the current Mode of Behavior...
Transition from Medium Bear Mode occurred 5 bar(s) ago.
According to our signal logic, this transition occurred normally and triggered on the longest time frame.This MBETBE transition occrus infrequently.
Possessing knowledge of the preceding Mode of Behavior as well as the most likely subsequent Mode assists in executing current strategies, exits, and setups for the next trade.
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Standard Analysis: BAC : NYSE : 24.16 : Macro: A closer look at the current Mode of Behavior...
The current bar's close at 24.16 demonstrates that prices should continue lower.
Cautionary price levels 20.46% below the market are outside the Average True Range price percentage window of 7.44%, currently lowering the short-term probability of transitioning out of Trending Bear Mode.
The Average True Range price percentage window is simply a function of the 16 bar Average True Range, divided by the underlying's closing price of the last bar. Cautionary price levels are proprietary. Prices in this region indicate possible Mode transitions.
Volatility based on the 30 day standard deviation = 85.07%. Volatility based upon the 30 day Average True Range = 1.80 points, (based upon the underlying's price scale.)
The price change versus 1 week ago = -1.55. The price change versus 1 month ago = -4.34. The price change versus 1 year ago = -11.06.
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Advice: BAC : NYSE : 24.16 : Macro: Straight-forward wisdom on how to position for near-term profits...
Alert! Transactions in FOREX, Futures, and Stocks, carry a high degree of risk. No slippage or commissions are included here or in our Statistics tables. Your FCM will charge you a commission.
Trend trade this market from the short side.
During Trending Bear Mode competition is one sided, making buyers scarce. If you like pyramding winners, now may be your chance. (---)
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Natural Attraction: BAC : NYSE : 24.16 : Macro: Expected tendencies and targets...
During Trending Bear Mode prices should tend towards a price structure located at 5.54.
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Support & Resistance: BAC : NYSE : 24.16 : Macro: Specific trading levels or bands...
SPEEDVIEW TRADING WIDGET
A key level to watch, located at 31.57 is exactly 7.41 points, or 30.7% away.
Trading Band1 Level = 26.41
Trading Band2 Level = 24.61
Trading Band3 Level = 22.81
Trading Band4 Level = 21.02
Trading Band5 Level = 19.22
Trading Band6 Level = 17.42
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Price Growth / Decay Projections: BAC : NYSE : 24.16 : Macro: Growth / decay projections...
Target#1=15.67
Distance=8.49
Move=35.1%
Target#2=5.54
Distance=18.62
Move=77.1%
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HYPOTHETICAL PERFORMANCE RESULTS DISCLOSURE
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS.NO REPRESENTATION IS BEING MADE THAT ANY TRADER OR ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN IN THIS REPORT.IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS, PUBLISHED DATA MINING STATISTICAL PREDICTIONS, AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.BECAUSE THERE ARE NO ACTUAL TRADING RESULTS TO COMPARE TO THE HYPOTHETICAL PERFORMANCE RESULTS/DATA MINING STATISTICS,REPORT READERS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON THESE HYPOTHETICAL PERFORMANCE SUMMARIES.
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Copyright 2019 All Rights Reserved SDB SELECT MARKET REPORTS.
BAC : NYSE
24.16 : 03/13/2020 : 908 ET Change: 3.65 (15.11%)
Trending Bear Mode
Report Type = Macro, End of Day
SDB Select Categories that are currently turned on:
Data Overview
Market Behavior
Transitions
Standard Analysis
Advice
Natural Attraction
Support / Resistance
SpeedView
Price Projections
ABOUT US
Strategydb's focus is to bring forth key analytics and decision support tools that the entire trading and professional investment community can use, and profit from.
DISCLAIMER
THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL! YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CURRENT FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, REMEMBER THAT PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Market Mode of Behavior: BAC : NYSE : 24.16 : Macro: Eight specific set-ups that dictate the current trading strategy...
Currently, this market meets the Trending Bear Mode criteria. Price is trending lower.
For the entire data set this market has been in Trending Bear Mode 12.24% of the time.
The average number of bars spent in this Mode before transitioning normally = 19. Since the current number of bars in Mode = 5, this Mode of Behavior still has 14 bars to mature before meeting its average and possibly transitioning. Remember that this analysis is being performed on the bar interval.
The average price growth during this behavior is approximately = -2.29. This is compared to the current price growth of -1.55. Based upon the closing price of the most recent bar, price growth has yet to be met.
Back to Top
Transitions & Time: BAC : NYSE : 24.16 : Macro: Background on the current Mode of Behavior...
Transition from Medium Bear Mode occurred 5 bar(s) ago.
According to our signal logic, this transition occurred normally and triggered on the longest time frame.This MBETBE transition occrus infrequently.
Possessing knowledge of the preceding Mode of Behavior as well as the most likely subsequent Mode assists in executing current strategies, exits, and setups for the next trade.
Back to Top
Standard Analysis: BAC : NYSE : 24.16 : Macro: A closer look at the current Mode of Behavior...
The current bar's close at 24.16 demonstrates that prices should continue lower.
Cautionary price levels 20.46% below the market are outside the Average True Range price percentage window of 7.44%, currently lowering the short-term probability of transitioning out of Trending Bear Mode.
The Average True Range price percentage window is simply a function of the 16 bar Average True Range, divided by the underlying's closing price of the last bar. Cautionary price levels are proprietary. Prices in this region indicate possible Mode transitions.
Volatility based on the 30 day standard deviation = 85.07%. Volatility based upon the 30 day Average True Range = 1.80 points, (based upon the underlying's price scale.)
The price change versus 1 week ago = -1.55. The price change versus 1 month ago = -4.34. The price change versus 1 year ago = -11.06.
Back to Top
Advice: BAC : NYSE : 24.16 : Macro: Straight-forward wisdom on how to position for near-term profits...
Alert! Transactions in FOREX, Futures, and Stocks, carry a high degree of risk. No slippage or commissions are included here or in our Statistics tables. Your FCM will charge you a commission.
Trend trade this market from the short side.
During Trending Bear Mode competition is one sided, making buyers scarce. If you like pyramding winners, now may be your chance. (---)
Back to Top
Natural Attraction: BAC : NYSE : 24.16 : Macro: Expected tendencies and targets...
During Trending Bear Mode prices should tend towards a price structure located at 5.54.
Back to Top
Support & Resistance: BAC : NYSE : 24.16 : Macro: Specific trading levels or bands...
SPEEDVIEW TRADING WIDGET
A key level to watch, located at 31.57 is exactly 7.41 points, or 30.7% away.
Trading Band1 Level = 26.41
Trading Band2 Level = 24.61
Trading Band3 Level = 22.81
Trading Band4 Level = 21.02
Trading Band5 Level = 19.22
Trading Band6 Level = 17.42
Back to Top
Price Growth / Decay Projections: BAC : NYSE : 24.16 : Macro: Growth / decay projections...
Target#1=15.67
Distance=8.49
Move=35.1%
Target#2=5.54
Distance=18.62
Move=77.1%
Back to Top
HYPOTHETICAL PERFORMANCE RESULTS DISCLOSURE
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS.NO REPRESENTATION IS BEING MADE THAT ANY TRADER OR ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN IN THIS REPORT.IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS, PUBLISHED DATA MINING STATISTICAL PREDICTIONS, AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.BECAUSE THERE ARE NO ACTUAL TRADING RESULTS TO COMPARE TO THE HYPOTHETICAL PERFORMANCE RESULTS/DATA MINING STATISTICS,REPORT READERS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON THESE HYPOTHETICAL PERFORMANCE SUMMARIES.
Strategydb.com</a
Copyright 2019 All Rights Reserved SDB SELECT MARKET REPORTS.