priceprophet

IXIC update for week ending 20 January 2020

Short
TVC:IXIC   US Composite Index
Weekly Data Summary Suggests:

Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 9314.90 - 9570.59
Price Consolidation has formed between: 9193.1 - 9451.4
If IXIC is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 9205.8
Out of the combined (weekly & daily) indicators monitored, 8.33% are bearish, 83.33% are bullish and 8.33% are neutral


The prices have moved 3.5 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Bullish
The strength demonstrated over the last 5 weeks is currently: Bullish

Daily Data Summary Suggests:

Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest closing longs and protecting profit.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 9277.35 - 9366.12
Prices have broken through the consolidation low
If IXIC is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 9204.77

The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Bullish
The strength demonstrated over the last 5 days is currently: Bullish



** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **

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