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QCOM Treading Water For NowOn March 31, 2017 the Qualcomm Incorporated ( QCOM ) 100 day moving average (MA) crossed below its 200 day MA. Historically this has occurred 19 times and the stock drops at least 0.235%, with a median loss of 3.023% and maximum loss of 16.621 % over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 50.3856. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral. The true strength index (TSI) is currently -0.0481. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is neutral and has been floating there for almost two weeks. The negative vortex indicator (VI) is currently 1.1147. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward. The stochastic oscillator K value is 50.5088 and D value is 39.3695. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been trending up but is currently neutral on direction which will not last long. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be indiscernible. Based on historical movement compared to current levels and the current position, the stock could drop 1.5% over the next two weeks. The minimum drop the last five times this MA crossover occurred was around 2%.
NASDAQ:QCOM
by StockSignaler
NEXT IMPORTANT DROP? - S&P500I find a possible similitary in two triangles. First triangle in July and August, second triangle is rigth now in process. First triangle was for 42 days and broke out and drop. Second triangle is in process. Will be a very soon break out in this triangle? I think that is possible. I count the number of days from deep drop (Oct 15, 2014) to the end of first triangle (August 24, 2015) there is 313 days. Then I divided 313 days/ 42 days = 7,4523 If the new triangle stay for 17 days before begin drop, then 17 days x 7.45 = 126.65 days June 27, 2016 + 126.65 days = OCTOBER 31, 2016 (Monday) (date of the deep point of next drop) If we divide the numbers of days between October 15, 2014 and August 24, 2015 we have: 313/126 = 2.48 If we divide the numbers of days between August 24, 2015 and June 27, 2016 we have: 308/126 = 2.44 Very similar proportion.
FX:SPX500
by VladimirMendoza
3
Bad news for shorts?Volume means activity. These volume spikes concern me - something happened. While I will never find out what exactly that was, judging by the fact that the first spike occured almost on the very top (left shoulder, even before I was bearish on this pair - which makes sense) and that we have just had the second spike at the bottom, after the pair fell considerably, I suppose... someone made a lot of money. Now why this someone has just closed his/her profitable short here? I guess he/she knows something. But what? Actually I really want cable to drop to 1.35 and below, if possible. Sorry, good people of the UK. Hi, Mr. Soros! P.S. Spikes like these can also be found of other pairs. And put together they make little sense ;)
Short
by UnknownUnicorn135402
1
EURUSD SHORT LONG TIME FANTASTIC POTENTIAL STRONG LEVELS £$ Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels. Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo - Channel Commodity Index reverse also respecting diagonal channel. First target 0% on Fib retrace, trailing stop from then on - Stop based on historical kijun-sen flat line, slightly above visual red stop level on short position target Good luck and happy trading!
Short
by XavierAlexander
2
IBM Bump & DropFollowing current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming. I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in. The resistance arcs are more for arch views than any real calculation, the idea is the general reverse bowl shape being formed. - - - - - All opinions expressed by Emuffn3 on this website are solely Emuffn3’s opinions and do not reflect the opinions of TradingView, or their affiliates. You should not treat any opinion expressed by Emuffn3 as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Emuffn3’s opinions are based upon information he considers reliable, but neither TradingView nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Emuffn3 is not under any obligation to update or correct any information provided on this website. Emuffn3’s statements and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Emuffn3 nor TradingView guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. Cheers!~ & Happy Trading! Hold of on any real orders till we see motion one way or another, my outlook however, is quite bearish.
NYSE:IBMShort
by Emuffn3