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 January 24th 2006
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| STOCK: OREGON STEEL MILLS OS |
CRAMER SAYS: PICK OF THE WEEK |
| CURRENT PRICE: 36.01 |
TREND: GOING UP |
| TARGET PRICE: N/A |
RECOMMENDATION: GO LONG |
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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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Jim Cramer picked this stock to be his top pick for the week. The long term chart clearly shows the price heading higher, breaking through the $30 level, which is evident with all the money coming into the stock, as shown by the money flows. The short term chart is speaking the same language as well, with the price continuing to extend higher. The MACD and RSI seem like they may be getting over extended, so it is unclear when the stock (if any time soon) will take a breather.
Bottom line, the stock is not being held strongly, purchased by many, and blessed by Jim Cramer as his top pick. What else needs to be said?
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If our technical analysis was of value to you:
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| STOCK: UPS |
CRAMER SAYS: TOO DARN CHEAP |
| CURRENT PRICE: 75.21 |
TREND: POSSIBLE TREND REVERSAL |
| TARGET PRICE: N/A |
RECOMMENDATION: SMALL POSITION |
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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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Jim Cramer thinks its cheap here, and if the long term MACD is heading up from here, he may be right. If the price has some nice gains this week, it should push the long term MACD into positive territory, which would be extremely bullish. The RSI is showing signs of possible upward momentum here, but again, confirmation is needed. On the short end, a base seems to have formed at the current price, and the MACD is diverging, which is extremely bullish.
Jim Cramer’s comments may give this stock the push it needed to get things started, and it seems like the stock is getting ready for a healthy run from current levels.
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If our technical analysis was of value to you:
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| STOCK: DOW CHEMICAL DOWN |
CRAMER SAYS: DO A MOM-BACK |
| CURRENT PRICE: 42.43 |
TREND: POSSIBLE TREND REVERSAL |
| TARGET PRICE: N/A |
RECOMMENDATION: STRONG 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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Jim Cramer told his viewers to 'back up the truck' on this stock, and we second that bullishness. The long term MACD is forming a very bullish pattern, a divergence between price and the MACD. This kind of pattern usually leads to very impressive gains, since the price is dropping on less bearishness, and any signs of positive momentum will cause the stock to jump forward. The RSI is also showing signs of a possible reversal, with it refusing to drop below its last low point. On the short term chart, the signs are not as bullish, but the MACD is treading higher here, which is also confirmation that this may be the low point, and the possibilities of a healthy gain are near.
The stock is looking very impressive on a technical basis here.
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If our technical analysis was of value to you:
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