Our analysis is based on long term trends, and if they are promissing, short term analysis. First, we view the
3 year weekly charts, followed by a 1 year daily chart. This analysis allows you to view the larger picture and trend,
rather than just looking at a short term prospective. This way, you can use short term volatilty to your advantage, if the
long term trend is positive.
You will see a summery of the stock we are analyzing, followed by the 3 year and 1 year charts. At the end, you will see a technical analysis summery. That's it,
to the point technical stock market analysis daily!
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Technical Analysis for April 19 2006
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| STOCK: MAD CATZ INTERACTIVE |
WEBSITE: www.MADCATZ.com |
| CURRENT PRICE: 0.63 |
TREND: BOTTOMING OUT? |
| TARGET PRICE: N/A |
RECOMMENDATION: SPECULATIVE BUY |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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MCZ Technical Analysis
This is our second time analysing Mad Catz this year, and we thought we would provide an updated view from our initial analysis on February 24, please click here to view it. At that time, we advised that there was a possible short term trading opportunity, which proved to be true, and our cautious outlook was also warranted then, and it still stands today. Taking a look at the long term chart, you can see how the down trend hasn’t turned yet, but has reached it’s prior support level. As the price has declined, the MACD is holding its ground, and this lack of MACD deterioration has caused a divergence, which is usually a bullish signal. We would be very confident if there was some sort of reassurance with the money flow indicator, which just keeps getting more negative with time. We need to watch the cash flows start to improve before we can put more emphasis on the divergence indicator. On the short-term chart, you can see the price bouncing around the $0.60 level, and is trying to head higher from here. We need to see a break above $0.70 on higher than average volume to gain some assurance. Both, the RSI and MACD, are showing signs of improving here as well.
All in all, things are looking very positive; with the big concern being the long term money flows. This stock may yield impressive gains from here, but it’s a risky venture though, so be cautious and don’t buy all at once if you do take the plunge!
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