The SPDR S&P Biotech ETF began its departure from the bearish double top around the beginning of May. Typically the stock drops toward its last strong support level, and most times drops below that as well. Currently, the stock has been trending down, but is yet to make it to this shared support at 66.30. With the gains for the ETF on June 1, it could be an...
Lowe's is setting up to repeat previous large declines after its most recent earnings call. The stock has been in a bullish trend since 2015. The stock has cycled in tight channels up and down throughout this bullish run. Currently Lowe's just repeated movement that has resulted in a two quick 13% drops. Near-term downward movement is outlined below.
When we take...
Humana Inc has been in a clearly defined bullish trend since July 2016. As of the close on May 15, this stock is at the top of the cycle which is near a strongly established resistance line. The projected future movements are highlighted below.
When we take a look at other technical indicators, the relative strength index (RSI) is at 73.8915. RSI tends to...
The SPDR S&P Oil & Gas Exploration & Production Fund has been in a defined bearish trend for all of 2017. Due to this bearish movement, the 100 day moving average (DMA) is about to cross below the 150 DMA. This actual event has occurred 6 times in the history of the fund and has resulted in a minimal drop of 1.541%. It has a median drop of 6.918% and maximum drop...
On April 28, 2017, NVIDIA stock crossed below its 100 day moving average (DMA). Historically this has occurred 106 times and the stock drops a minimum of 0.327%. The median drop is 6.170% and maximum drop is 44.146% over the next 12 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 54.3666. RSI tends to...
On April 26, 2017, Delta Airlines ( DAL ) crossed below its 150 day moving average (DMA). Historically this has occurred 41 times and the stock drops a minimum of 0.194%. It has a median loss of 6.485 % and maximum loss of 40.441% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 52.8562....
On April 6, 2017, the Bank of America Corporation ( NYSE:BAC ) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 83 times and the stock does not always drop. The stock has a median loss of 2.296% and a maximum loss of 15.389% over the next 7 trading days.
When we take a look at other technical indicators, the relative strength...
On April 4, 2017, NVIDIA Corporation ( NASDAQ:NVDA ) crossed below the 50 and 100 day moving average (MA). Both events have occurred on the same day 27 times with a minimal loss of 0.33% and median loss of 5.99%. Historically the stock has crossed below the 50 day MA 144 times and the stock does not always drop. The stock has a median loss of 3.802%. Historically...
On March 24, 2017 the Ford Motor Company (F), 50 day moving average (MA) crossed above its 200 day. Historically this has occurred 37 times. When this happens, the stock does not always continue to drop. It has a median drop of 5.197% and maximum drop of 23.281% over the next 23 trading days. Currently the 50 MA and 200 MA have crossed each other 4 times in the...
On March 24, 2017 the United States Steel (X), crossed below its 100 day moving average. Historically this has occurred 152 times. When this happens, the stock does not always continue to drop. It has a median drop of 5.249% and maximum drop of 31.518% over the next 10 trading days. This last occurred twice in October 2016 and the stock dropped 12% over the...
Historically when the True Strength Indicator reaches its current level the stock drops a minimum of 1.18% with an average of 5.06% over the next few weeks. I am tracking multiple potential trendchannel support levels and the first level to get hit coincides with a shared support level at 19.83. From the CLOSE on December 30, 2016, movement to this level would...
