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!
Link this report to your website or message board; just copy and paste the text below.
Technical Analysis for January 25th 2006
|
| STOCK: DIAMOND OFFSHORE DRILLING DO |
CRAMER SAYS: I'M A BUYER |
| CURRENT PRICE: 81.65 |
TREND: POSSIBLE SHORT TERM DOWN, LONG TERM UP |
| TARGET PRICE: N/A |
RECOMMENDATION: PASS |
|
Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
|
Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
|
Jim Cramer said he’s a buyer of the stock on yesterdays show, and if you have been in this stock over the last few years, you have made very healthy returns. The long term chart shows an ascending channel, with the price still a few points away from the top of the channel. The MACD continues to head to the moon from here, and may suggest that it is getting a bit over heated here, as the RSI is suggesting, but no concrete evidence showing yet. On the short term chart though, things are starting to show the MACD wanting to push down a bit, but again, confirmation is needed in the next few trading days. There is no real resistance showing up on any of the charts, but some sort of consolidation is usually healthy in any sort of run up.
The stock wants to head higher long term, but it may consolidate short term. Will Cramer’s mention cause it to head higher from here still? Possibly, but the easy money may have already been made, so we’ll take a pass, but the stock could still head higher with no resistance on the long term chart.
|
If our technical analysis was of value to you:
|
|
|
|
| STOCK: AUDIBLE INC ADBL |
CRAMER SAYS: ONE OF MY LEAST FAVORITE STOCKS |
| CURRENT PRICE: 10.82 |
TREND: POSSIBLE TREND REVERSAL |
| TARGET PRICE: N/A |
RECOMMENDATION: SPECULATIVE BUY |
|
Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
|
Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
|
Well, this is a stock that Jim does not like, so we thought to take a peak at it, and give you a second opinion. The long term trend has clearly been down for over a year now, and pessimism looks like it has peaked here, which may mean that the down trend is just about over. The MACD is not going any lower as the price continues to drop, this sort of divergence is very bullish, as is the divergence occurring in the money flow. Less and less money is coming out of the stock, and it looks like new money may actually be entering the stock, which could propel the stock forward. On the short end, you can see support at its current level, and the stock jumped higher almost 6% yesterday after touching it. That was a good sign, and the positive sentiment is echoed by the MACD, which looks like it wants to head higher here. The RSI is also showing signs of interest, even though it was for one trading day.
Bottom line, Cramer doesn’t like it, but we think that things may not get any worse from here, in fact, decent gains might be made from here (as was evident yesterday).
|
If our technical analysis was of value to you:
|
|
|
|
| STOCK: AMGEN AMGN |
CRAMER SAYS: MOST UNDERVALUED OF THE BIG BIOTECHS |
| CURRENT PRICE: 74.94 |
TREND: POSSIBLE BOUNCE FROM SUPPORT |
| TARGET PRICE: N/A |
RECOMMENDATION: PASS |
|
Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
|
Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
|
Jim thinks this stock is extremely cheap here, and he may be right with his analysis, but we can only give you the technical picture here. On the long end, the stock has been very jumpy of the several months, and recently closed well off of its lows, which produced a kangaroo tail, and signifies a possible change in trend. The MACD isn’t sure if its ready to turn positive yet, just like the RSI. On the short term chart, similar signs are showing up, with the main positive being the lack of MACD breakdown as the price drops.
There isn’t too much evidence technically to convince us to buy here. The short term may be up, but the long term is very unclear, so its best to take a pass with this stock if you listen to us, or go with Cramer and buy, its always up to you!
|
If our technical analysis was of value to you:
|
|
|
|
|
|
|
|
