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 February 22 2006
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| STOCK: CRITICAL CONTROL SOLUTIONS (CCZ) |
WEBSITE: www.criticalcontrol.com |
| CURRENT PRICE: 0.22 |
TREND: SHORT TERM UP, LONG TERM NEEDS CONFIRMATION |
| 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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This is a small cap Canadian listed company specializing in technical services to oil and gas companies. The stock has had an interesting trading pattern over the last 52 weeks, with enormous highs, as duplicated so far this year. The stock has consolidated after a healthy gain thus far, which has caused a 50% decline to current levels. Is it ready to continue its climb? On the long term chart, you can see the price drop almost 80% after close to a 500% increase. The MACD has been heading down here as well, which is expected during a consolidation period, but it is not clear yet whether or not its complete yet, but it is showing pre-mature signs of turning here, but nothing too concrete. On the money flows, you can see the inflows that caused the stock to rise, but it has yet to beat prior highs, and may in fact be coming down here. Again, further confirmation is needed still on the long term chart. Short term, you can see a much clearer indication that this stock may be ready to turn, at least in the short term. The stock seems to have found some support at its 50 day moving average, with resistance at its high, which is reached last month at $0.30. The MACD and the RSI are both turning here as well, which should allow the stock to rise here in the short term.
Over all, this stock is a good short term play, and if the MACD turns on the long term chart, things may look very positive. The stock is forming similar signals to those of the previous year, in fact, it looks exactly the same (take a look at the first chart above).
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