When we take a look at other technical indicators, the ( ) is at 39.2493. tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral.
The true strength index (TSI) is currently -0.6979. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down.
The positive indicator (VI) is at 0.8948 while the negative is at 1.1548. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been moving down.
The oscillator K value is 16.3935 and D value is 28.1336. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock is quickly approaching oversold territory. This is the only indicator suggesting potential upward movement, even if it is just in the short-term.
Considering the moving average crossover, , TSI, VI and levels, the overall direction has the stock moving down. Based on historical movement compared to current levels and the current position in its trend channel, the stock could drop at least 0.73% over the next 19 trading days. I am watching many and channels for EXC . The stock has conformed well to use the as respective levels. The stock should drop in the long run, but it may go up first. The smarter play is waiting for the stock to go up and short the drop to at least 34.90.
-Elliott Wave Ideas (elliottwaveideas.com)