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 27th 2006
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| STOCK: PIER 1 IMPORTS PIR |
CRAMER SAYS: IT’S A TRAIN WRECK |
| CURRENT PRICE: 9.79 |
TREND: DOWN TREND WEAKENING |
| 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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Jim Cramer simply didn’t praise this stock last night, and by the look of things from the long term chart, its not a surprise. The long term trend has been down for well over a year now, and the price continues to drop, until recently. The decline in price is not echoed by a further decline in the MACD, hence a divergence is developing, which may bode well for the stock. On the short term chart, the price is well below both moving averages, which isn’t a good sign at all, even though its rallied a bit lately. The MACD on the short end has risen quite a bit, and may be time for a some sort of consolidation here.
You may not want to bet a lot on this stock, but it sure looks interesting on the long term chart. If you want to gamble, wait until it comes down a bit to about $9, if it goes below that, watch out.
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If our technical analysis was of value to you:
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| STOCK: BIRCH MOUNTAIN RESOURCES BMD |
CRAMER SAYS: COULD HEAD TO $8.50 |
| CURRENT PRICE: 7.20 |
TREND: TESTING THE TREND LINE |
| 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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Cramer said this stock could go higher from here, but we beg to differ after taking a look at the charts. The long term trend has been up, and the price is currently touching the trend line, which should be watched carefully, to see if it breaks down here. The MACD sure is suggesting that things are heading down, with its first negative cross over in 7 months. The short term chart shows support at about $6.80, with the MACD also breaking down here, which suggests possible declines from here.
Bottom line, it should be an interesting stock to watch, but not to enter. You can go with Cramer, but you may want to wait until the technicals confirm a bottom, with the chance of further upward momentum. We don’t see that showing up at this time.
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If our technical analysis was of value to you:
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| STOCK: CAL DIVE INTERNATIONAL CDIS |
CRAMER SAYS: ONE HECK OF A COMPANY |
| CURRENT PRICE: 19.38 |
TREND: UPTREND POSSIBLEY WEAKENING |
| 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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Here’s another stock Jim “Mad Money” Cramer blessed last night. You can’t argue with a strong up trend, as shown on the long term chart. The interesting thing about that chart is the MACD. The price continues to move higher, yet the MACD is not going above its previous highs, suggesting that the momentum is slowing in the stock. That does not mean its going to start heading down right away, just something to be aware of. The short term picture shows the stock recently falling over the past few trading sessions, and yesterday fell considerably, but regained it self by closing positive. This close near the high was very positive, because buyers rushed in on the low price, supporting it. The price also happened to bounce off the 50 DMA, which was very positive as well.
Bottom line, the stock should move higher in the short term and the long term, but keep an eye out on the long term MACD, to see if the stock moves on less bullish momentum.
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If our technical analysis was of value to you:
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