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: CV TECHNOLOGIES CVQ |
WEBSITE: www.cvtechnologies.com |
| CURRENT PRICE: 3.85 |
TREND: POSSIBLE RESUMPTION OF UPTREND |
| TARGET PRICE: N/A |
RECOMMENDATION: WAIT FOR CONFIRMATION |
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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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The stock has enjoyed a roller coaster ride the last couple of weeks, with a large decline, only to close off of the bottom of the range. The close near the top indicates interest in the stock, and may cause the trend to go upwards from here. The MACD on the long term chart looks like it may want to come off of its lows, and if it does turn, it would be very positive, but time is needed for confirmation of this to occur. The money flow was also steadily heading down, but jumped when the stock fell, another sign that there is still interest in the market for this stock. On the short end, support is evident at the 200 DMA, which is positive; if it were to break that trend line, we would be much more pessimistic here. The MACD is heading higher on the daily chart, which signifies short term interest as well, as shown by the healthy run up yesterday.
Interesting stock here, with a possible positive future short term, but the long term picture is not as clear yet. We would like to see confirmation on the long end that things are improving, before taking a position. The short term may be bright in the coming days though.
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If our technical analysis was of value to you:
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| STOCK: SOLITAIRE MINERALS SLT |
WEBSITE: www.solitaireminerals.com |
| CURRENT PRICE: 0.17 |
TREND: POSSIBLE BREAKOUT |
| TARGET PRICE: N/A |
RECOMMENDATION: WAIT FOR CONFIRMATION |
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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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Solitaire Minerals seems to have reached a pinnacle at its current price, which is clearly visible though the long term chart. Heavy resistance appears here, as it is making another attempt to break through this ceiling. The MACD is not showing clear signs of either turning over, or extending further here, but the RSI is indicating that momentum may be waning here, but both indicators are not pointing in the same direction entirely. The short-term chart illustrates an ascending channel, and the price currently sits at the top of this channel. The MACD is way over extended at these levels as well.
This stock is facing resistance on the long and short term charts. You should pay attention to any breakouts from the range, if things turn up from here, the run may be healthy. On the other hand, resistance may cause the price to go down, so it may be best to wait for confirmation prior to taking a position.
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If our technical analysis was of value to you:
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| STOCK: PREMD INC PMD |
WEBSITE: - |
| CURRENT PRICE: 1.36 |
TREND: BEARISH SENTIMENT PEAKED |
| 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 stock has tumbled over the past few months, with the stock losing more than half of its value. The long term chart shows the MACD increasing, while the price continues to decrease, signaling a divergence occurring. This means that the price continues to go down on less of a negative sentiment, thus when the MACD turns up, the stock may have a healthy gain. The RSI is also heading up, confirming that the worst may be over here. The gain yesterday was negligible, because there was no volume at all. The short term chart shows two divergences with the price; MACD and CMF. This is further confirmation that the worst may be over.
Bottom line, things don’t look too bad, but the big question mark is volume. All trends need to be confirmed with increased volume, without it, the trend cannot be trusted fully. That said, the divergence is interesting here, and may yield impressive gains, so you may want to take a position, but it is very speculative at this point without confirmation.
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If our technical analysis was of value to you:
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