On the weekly chart, Orion Marine Group Inc. shares are hovering around the USD 8.80 support level. The nature of this movement implies, albeit falsely, that this mark will be breached to the downside. If this is so, a bullish divergence pattern could shape up on the chart of RSI, and it is advisable for investors to wait for this time and then to launch bullish...
On the daily and weekly charts, Xerox Corp. shares are consolidating near the strong USD 12.50 support level. The way the stock is performing implies an extension of the current trend. Weekly charts show no divergence or signs of a reversal to the upside. In this case, it is reasonable to expect the stock to move lower (stop-loss orders could be placed below USD...
Nordic American Tankers Limite approached the upper bound of the side trend at USD 12 for the second time in the last quarter. This mark is likely to become the key resistance level. Meanwhile, the time intervals between the equity approaching the upper bound have become shorter on the weekly chart. If the name closes above USD 12 this week, trading will move...
Westar Energy shares broke through the USD 38.50 support level in early March. The stock is testing this level to the upside. The rebound to this level was expected as RSI was heavily oversold. If the stock ends this week above this mark, and the stock will most likely break out of it, we expect the name to trade up to USD 40.
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The weekly chart shows that over the past three months Spectra Energy Corp. shares shaped up the support level at USD 34. RSI shows a strong bullish pattern. The stock price is again approaching USD 34 and we expect it to retrace next week to USD 35, the resistance level of the falling band
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Mastercard Inc is moving within a steady multi-year rising trend. In 2014, prices were correcting toward the 2013 incentive, moving out of this trend in November 2014. Currently, the gauge tested 2014 highs at USD 83 and are moving upward within this trend. It is expected that securities correcting toward USD 88 will be purchased, and prices will extend their...
Over the past six months, Loews Corporation shares have traded at USD 43 amid heavy volatility. The stock has approached the USD 43 resistance level for the third time already. RSI has showed no divergence. However, if the stock rises above USD 43 over the next two weeks there will be a buy signal with a target of USD 48. We expect that a potential further...
You can rarely see such a beautiful rising trend, while here it is, on the weekly chart. Technically, the gauge has retraced to the USD 57 mark it broke through earlier. At the end of last week, a telling candlestick pattern shaped up on the chart, signaling that this week, the index may break out of this level. A pattern on the RSI chart is also indicative of...
A corrective pattern in the USD 19-21 range has almost shaped up on weekly charts. Over the last three months, prices tested the USD 19 support level three times. Prices may spike to USD 22 if the reading breaks through a falling trend line on the RSI indicator chart.
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Let’s take another look at the previous forecast for the stock’s breakout to the upside towards USD 118.
Apple shares are testing from above the USD 110 mark and the falling trend line under RSI. Should these marks remain intact within the next few days, our breakout forecast will most likely pan out.
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Apple Inc have been moving within a corrective triangle with the bounds at USD 106-118. Within this period, prices tested the USD 106 support level three times. Currently, the gauge broke out of a falling trend on the RSI chart, which means the gauge may move toward the USD 116-118 level.
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At the beginning of the year, General Electric Company shares breached the USD 25 support level on the weekly chart, exiting the USD 25-28 band within which it had traded down for a whole year. RSI shows no divergence and for this reason a much deeper correction to USD 22 is expected. This scenario will fail if the stock returns to the range above USD 25.
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Shares of General Electric Company made a false breakdown of a $25 level on the weekly charts in October and then returned to a$25-27 corridor. Correction pattern of a triangle is shaping up towards uptrend of previous years. Approach to the level of $25 should be used to buy in order to reach the upper boundary of the flat at $27.
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This week, Rio Tinto Plc tested the lower bound of the trend at USD 41, with a bullish engulfing candlestick pattern shaping up at the end of the week. This is a strong signal pointing to the beginning of movement toward the upper bound of the trend at USD 56-58. Notably, there are no divergences in the RSI, and downward movement may occur, which may be used for...
During the latest drop, Royal Bank of Canada shares crossed over USD 67, while RSI showed no divergence. Within the next three days the stock can be expected to drop to USD 67 and only after this the name could rebound to the upper bound of the rising band.
After a rally in November a correction in KAR Auction Services Inc. shares has set in. RSI is showing bearish divergence, giving us reason to expect a much deeper correction in the stock down to USD 33.50.
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Since August 2014 Eldorado Gold Corp. stocks have been falling. At present, we’re seeing efforts to breach the line of this trend, which will likely be a real one. The RSI chart shows the trendline has already been breached, with a pattern of further upward movement shaping up. The upside target is the upper limit of the side trend at USD 8.50.
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The share is in a steady uptrend on the monthly chart. Prices were flat amid high volatility from 2011 through 2013, which predetermined reverse to the downside. However, the price broke through the upper boundary of the $32 flat a year ago, but it could not resist and the breakdown was false. The price not only returned to the upper limit of the range in fall of...
