jmw080

Possible AYI Breakout

BATS:AYI   ACUITY BRANDS INC
64 0 0
As you can see on the daily there is a good symmetrical triangle formation. The MACD indicates that there maybe a possible reversal to the positive side. Another thing we can look at is the Ultimate oscillators test of the 50line and a surge above it. It could be indicating an upside breakout as long as the 70 line isn't reached too quickly and AYI             is seen as oversold.

As for the weekly and monthly views, the weekly the symmetrical triangle is slightly less present, the MACD has crossed under the trigger line and is heading towards the 0 mark, and there seems to be some bearish divergence in the Ultimate Oscillator . The monthly is a little more positives than the weekly and shows some signs of some more room left in the uptrend, however the indicators are not so strong.

For now I will leave this at a neutral prediction and monitor for the breakout.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out