Looks like there could be a massive negative longer term moving average crossover if something does not change fast.
The 50 and 100 are sloping down. The 200 looks okay so far.
Bearish Marubozu candle right now with the open and close are shaven right now using traditional candlesticks. The candles on the chart are Heiken-Ashi candles, not traditional candles, which can give a better idea of the trend without market noise. Red candles with no bottom top wick are considered bearish using Heiken-Ashi candles.
Known to be a volatile stock and has been Oversold for an extended amount of time. Oversold conditions can last a while and if you buy a security based on this indicator alone, you will lose money.
Price is below the Bollinger bands set on 80 moving average which can also serve as an oversold indicator. Price will return to the bands eventually, but the bands do move with price. If we were in a Bull market, price would return to the bands much faster and this kind of scenario could be a buy. But we are not in a Bull market, so scratch that.
It does look like this may bounce soon though even if it is a short term bounce. Perhaps a bounce at the 50% retracement of the entire trend up which is close below.
In the longer term, this looks bearish for now.
Chaikin Money Flow (CMF) developed by Marc Chaikin is a volume-weighted average of accumulation and distribution over a specified period. The standard CMF period is 21 days. The principle behind the Chaikin Money Flow is the nearer the closing price is to the high, the more accumulation has taken place.
No recommendation except be safe.
Laura
The 50 and 100 are sloping down. The 200 looks okay so far.
Bearish Marubozu candle right now with the open and close are shaven right now using traditional candlesticks. The candles on the chart are Heiken-Ashi candles, not traditional candles, which can give a better idea of the trend without market noise. Red candles with no bottom top wick are considered bearish using Heiken-Ashi candles.
Known to be a volatile stock and has been Oversold for an extended amount of time. Oversold conditions can last a while and if you buy a security based on this indicator alone, you will lose money.
Price is below the Bollinger bands set on 80 moving average which can also serve as an oversold indicator. Price will return to the bands eventually, but the bands do move with price. If we were in a Bull market, price would return to the bands much faster and this kind of scenario could be a buy. But we are not in a Bull market, so scratch that.
It does look like this may bounce soon though even if it is a short term bounce. Perhaps a bounce at the 50% retracement of the entire trend up which is close below.
In the longer term, this looks bearish for now.
Chaikin Money Flow (CMF) developed by Marc Chaikin is a volume-weighted average of accumulation and distribution over a specified period. The standard CMF period is 21 days. The principle behind the Chaikin Money Flow is the nearer the closing price is to the high, the more accumulation has taken place.
No recommendation except be safe.
Laura
Comment:
****** Correction: Red candles with no top wick are considered bearish using Heiken-Ashi candles.
Comment:
I need to start proofreading before I post it )o: