Volume wise, more volume on Sell signals than on buying sides, but it has gone up a bit recently. The options/puts ratio although interesting as it was twice today, can change tomorrow just like it today for yesterday. Daily MAs up to 200 were violated and it is trading way below some time ago. It violated the years up trend from at 40.60 (zoom chart out). Also It has a gap that was not filled.
But it did a trend changer today. Pattern wise, it may be seen as a double bottom (but take in account that with the markets recent pullback many stocks have that, and it had a lower low on the second bottom), and once it goes above 38, i would consider it as a momentum change. It did try to change direction 4 times now but failed, although the recent green bars went outside the downside line and the price went above the middle of the Bolinder (20DMA). It also reached a previous major resistance level from 2012-09, 2013-02. so these are a couple of good sides for a buy. RSI and STOCH say its being already on top there for a sell. MACD and Acc/Distr say it is a good entry point.
Note: i am not filled on any fundamentals of the company and if Any bad news on it came out. Im not saying it wont rally now, but i do take in some more data in account. The stock also followed the markets during march, but not fully as it has been selling from way february - meaning it was not a market herd, it was going down from way back then for some reason.
Observation:
The middle resistance support line around 40.80 is somewhat symmetrical again as it was before. The top and bottom were once on the same distance before. Latest top and bottom are also on the same distance from it. Potential upside to it.
Notes:
Sell signal 1 - Top of RSI, Stoch, DMI, A/D, MACD
Sell signal 2 - did not prove to go through the resistance set up 2013-09.
But it did a trend changer today. Pattern wise, it may be seen as a double bottom (but take in account that with the markets recent pullback many stocks have that, and it had a lower low on the second bottom), and once it goes above 38, i would consider it as a momentum change. It did try to change direction 4 times now but failed, although the recent green bars went outside the downside line and the price went above the middle of the Bolinder (20DMA). It also reached a previous major resistance level from 2012-09, 2013-02. so these are a couple of good sides for a buy. RSI and STOCH say its being already on top there for a sell. MACD and Acc/Distr say it is a good entry point.
Note: i am not filled on any fundamentals of the company and if Any bad news on it came out. Im not saying it wont rally now, but i do take in some more data in account. The stock also followed the markets during march, but not fully as it has been selling from way february - meaning it was not a market herd, it was going down from way back then for some reason.
Observation:
The middle resistance support line around 40.80 is somewhat symmetrical again as it was before. The top and bottom were once on the same distance before. Latest top and bottom are also on the same distance from it. Potential upside to it.
Notes:
Sell signal 1 - Top of RSI, Stoch, DMI, A/D, MACD
Sell signal 2 - did not prove to go through the resistance set up 2013-09.