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: CENTURION ENERGY CUX |
WEBSITE: www.centurionenergy.com |
| CURRENT PRICE: 14.05 |
TREND: LONG TERM UP |
| TARGET PRICE: N/A |
RECOMMENDATION: 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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This Canadian energy stock had been consolidating for most of last year, and came out of this period back in October, and has since established a decent up trend. On the long term chart, the price has passed some key levels of resistance, and is currently at another level, which may test it short term. The MACD is heading higher here, and the money flows are turning positive again, two positive signs for this stock. On the short end, the price may come down, with the MACD turning down here, yet the price has not moved down with it, a positive for the stock, but cannot be relied on solely.
The key will be the current resistance level where the price closed at yesterday, if it can pass through that, and the MACD improves, things are looking good, but you may want to wait and let the short term technical picture settle down before getting in.
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If our technical analysis was of value to you:
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| STOCK: GRANDE CACHE COAL GCE |
WEBSITE: www.gccoal.com |
| CURRENT PRICE: 3.45 |
TREND: POSSIBLE UP TREND |
| 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 coal company is a fairly new listing on the TSX, and the long term picture is not as long as we would like it to be. The MACD is heading higher here, which is a good sign, and the lack of money coming out is also positive. Those that were in the IPO and wanted to get out may have done so by now, and the stock may head higher. On the short end, the price based around $1.20, and has had a nice run from there, and after a brief consolidation period, with the MACD not falling very far, the price is back up. The MACD seems like its ready to make up its mind on what direction the stock should head, and it looks like higher may be the answer.
If the stock can break weak resistance at $3.95, you may want to go long, but it seems like the stock wants to head higher here, so if you want to speculate, maybe a small position here wouldn’t be a bad idea.
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If our technical analysis was of value to you:
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| STOCK: nStein TECHNOLOGIES EIN |
WEBSITE: www.nstein.com |
| CURRENT PRICE: 0.12 |
TREND: DOWN TREND WEAKENING |
| 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 micro cap Canadian Technology Company has been suffering for some time, with the price dropping almost 80%. The stock seems to have reached long time support here, but it’s not as strong as we would like it, and time will tell if it will hold or break down. The MACD is interesting, since it does not tread very low as the price continues to drop, mostly on low volume. The accumulation indicator also shows that the stock was being accumulated from about May to December, with recent distributions beginning after that point, yet the stock continues to drop. On the short side, the stock is seen bouncing off of its base of $0.11, to where it currently trades. The MACD on this short term chart might be turning here, which would be very bullish, but has not confirmed its direction yet.
Wait for further confirmation from the short term MACD, but this stock seems like its falling without much follow through on volume, yet there may not be any catalyst to drive it higher. Looks interesting from a speculative point of view, but if the support at $0.11 fails, watch out below.
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If our technical analysis was of value to you:
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