Daily Chart - IOICORP as at 28/11/2002

MA 7-14 Crossover Indicator
Conventional Interpretation: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

MACD Indicator
Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish territory. However, the recent upturn in the MacdMA may indicate a short term rally within the next few bars.

RSI Indicator
Conventional Interpretation: RSI is in neutral territory. (RSI is at 42.51). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat oversold (RSI is at 42.51). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish here.