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 31st 2006
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| STOCK: RADIANT ENERGY RDT |
WEBSITE: |
| CURRENT PRICE: 0.10 |
TREND: POSSIBLE REVERSAL |
| 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 company has an interesting chart, so lets take a look at it. The long term trend has been painful for well over a year, and shows support at about $0.06. The interesting part of the chart is the MACDs reaction to the down trend. The MACD is not going any low, as the price drops, which is usually a bullish sign, and could yield impressive results. The money flows have also been fairly positive with this stock, and is another plus. On the short term chart, support is shown around $0.08. The MACD looks indecisive here, and should be watched closely here, as it may be ready to turn.
This stock is one which is very speculative here, but might be worth a stab at. I wouldn’t buy all my shares at once, as the price may drop down a bit more from here.
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If our technical analysis was of value to you:
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| STOCK: SIRIUS SATELLITE (SIRI) |
WEBSITE: www.sirius.com |
| CURRENT PRICE: 6.54 |
TREND: POSSIBLE REVERSAL |
| TARGET PRICE: - |
RECOMMENDATION: WAIT FOR CONFIRMATION |
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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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Alot of mixed messages showing up here. Long term, there could be a very bullish divergence as shown in the MACD.
If this turns out to be true, the move could be significant. The RSI maybe confirming the fact that the down trend
is coming to an end here, but no sure sign as been provided yet. Short term, it is evident that money has been coming out
of SIRI from December, when it was trading around $8.50. The MACD is also diverging short term, and seems very simliar to
what occured back in October, when it moved from $6 to $7. Another notable is that the stock has consistantly recovered from
the 200 DMA, as it recently did last week.
There is a chance that it maybe ready to bounce off the current levels, but confirmation is required still. If you want to gamble,
you may want to take a small position, otherwise watch from the sidelines.
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If our technical analysis was of value to you:
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