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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.
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