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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Analysis for stocks on the January 30th 2006 Mad Money Show
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| STOCK: BAKER HUGHES BHI |
CRAMER SAYS: GOING TO $100 |
| CURRENT PRICE: 74.43 |
TREND: CHANNEL BREAKOUT |
| 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 loves this stock, and looking at the charts, its no wonder why. The long term chart clearly shows the stock trading in an ascending channel, but the start of these year brought it out of that range, and caused it to excel much higher, in fact, it is up 25% year to date! The MACD is over extended, so you might not get a bargain here, but new money is coming in, as shown by the positive cash flow. On the short side, the MACD is heading down, or is it? It has not made up its mind, and after the comments on Mad Money, it may head higher from here.
Bottom line, things look good, but you may be a bit late to the party. There is no resistance in place, which is very positive, so you might want to wait and see if you can get in cheap short term.
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If our technical analysis was of value to you:
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| STOCK: SKYWORKS SOLUTIONS SWKS |
CRAMER SAYS: THEY SCREWED UP |
| CURRENT PRICE: 5.33 |
TREND: DOWN TREND |
| 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 doesn’t like this stock, we concur, on a technical basis of course. So, lets start with some evidence to back our position up. The long term chart clearly shows a down trend which has not broke to the upside, nor does it show any signs of doing do. The MACD looks like it may want to go up here, but it may also go down, so it cannot be relied on here. If you look at the cash flow, you can see the massive exodus from this stock, even at this level, there aren’t any buyers coming in here, in fact, there are more outflows. On the short term chart, you can see the trading range the stock has been stuck in, and it is currently heading down to the bottom of the channel. Will the stock find support at the bottom of the channel or break down? We’re not sure, but the likelihood of a breakdown is pretty high.
Bottom line, just pass on this one!
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If our technical analysis was of value to you:
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| STOCK: AUTOMATIC DATA PROCESSING ADP |
CRAMER SAYS: SHOULD SWAP INTO ADP |
| CURRENT PRICE: 44.77 |
TREND: RISING CHANNEL |
| TARGET PRICE: N/A |
RECOMMENDATION: 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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Lets stick with Jim Cramer on this one as well; we’ll technically bless this one. The long term chart clearly shows the up trend, yet, it is stuck in a channel. The stock usually hits the middle or bottom of the channel when it moves down. The MACD is heading down, which is not a surprise, but does not show any signs of turning around here. The cash flow situation was heading south, but recently turned higher with more money coming into the stock, which suggests that many see value here, a possible sign of it turning. On the short term chart, you will see that the price recently touched the up trend line, and then formed a kangaroo tail, which is extremely positive, and suggests that the stock will head up from here. The MACD and RSI haven’t turned yet, but don’t be surprised if they do as the possible positive drives it higher.
This stock should trade well in the short term, the long term picture needs to be reviewed in the coming weeks.
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If our technical analysis was of value to you:
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