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 26th 2006
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| STOCK: NOVELL NOVL |
CRAMER SAYS: NO BETTER TIME TO SELL |
| CURRENT PRICE: 9.34 |
TREND: SHORT TERM UP |
| TARGET PRICE: N/A |
RECOMMENDATION: SHORT TERM TRADE |
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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 would sell the stock here, doesn’t think there’s a better time to do so. The charts look nice on the long and short end, maybe he wants to take advantage of it to unload. The long term chart clearly shows the stock breaking through resistance, and has increased its share price nicely from there. Massive accumulation has also occurred in the stock over the past six months, which is a good sign, only if those who are long on the stock do not decide to turn bearish at the same time, otherwise things could get nasty fairly quickly. The MACD has turned up from a possible negative cross over, which is positive long term for the stock. On the short end of the chart, the stock is well above its averages, which is great, and the MACD here is turning up.
Jim might not like the stock, we think the short term picture isn’t too bad, and it maybe a good trade here.
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If our technical analysis was of value to you:
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| STOCK: KFX INC |
CRAMER SAYS: UP TOO MUCH HERE, WAIT |
| CURRENT PRICE: 19.70 |
TREND: UP TREND SLOWING LONG TERM |
| TARGET PRICE: N/A |
RECOMMENDATION: PASS/WAIT |
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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 thinks this stock is over extended, so he advised his viewers to wait, but that means he is assuming a long term up trend is in place. The charts tell us that the long term trend may still be up, but its pace of increases is declining. The long term chart shows an ascending channel, but the price in struggling to reach the top of the channel, as shown at its last attempt, and may be occurring here as well. The MACD is showing early signs of turning here, which may also indicate that Cramer is right in his recommendation to wait. On the short term chart, the MACD was shown turning, and quickly reversed track and headed higher from here, so you can see how fast things can move on the daily chart, so its always a good idea to look at the slow moving weekly charts.
Bottom line, wait for the long term charts to come down a bit, and then re-evaluate. Yes, we totally agree with Cramer on this one.
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If our technical analysis was of value to you:
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| STOCK: AMERITRADE HOLDING AMTD |
CRAMER SAYS: I'D BE BUYING |
| CURRENT PRICE: 19.38 |
TREND: UP TREND WEAKENING? |
| TARGET PRICE: N/A |
RECOMMENDATION: PASS |
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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 said he’d be buying at these levels, but we’re not as excited as he is here. The long term chart shows the price continuing to rise, yet the MACD is not reaching new highs, suggesting that the price movement may be losing some steam here. The RSI is clearly heading down from overbought territory as well, which further suggests that some sort of consolidation may be in the works here. On the short term charts, both indicators are pointing down as well, so if you want to take Jim’s suggestion and buy, you may want to wait for the cheaper prices coming down the pipe.
Bottom line, we can’t support it here, there are no strong signs to convince us to do so.
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If our technical analysis was of value to you:
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