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Gold sector |
Wed 9 Apr, close | |
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8 Month Detailed Chart
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Price is moving higher, both long and short entries have poor trade quality
Scale +/-0(min) to 10(max)
QUOTE
48.64, +3.56 pts (+7.9%), Wed 9 Apr, close
excessive up from yesterday's close, expect to pause/stop.
Today's
L 46.18 O 46.99 H 49.3Typical price range:
44.5 to
45.67 ± 0.584 pts, ± 1.2%
Extreme price range (85% of time)
43.92 to
46.25 ± 1.17 pts, ± 2.4%
VOLUME
19.95mil shares, +113% compared to typical daily volume over the past 6 months.
High Volume alert!
Typical daily volume is
9.37mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 3.43 pts (7.1%) occurs 25% of the time.
Extreme: 4.46 pts (9.2%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BEARISH
[Positioning] 1 Day Price change extreme up, may pause/reverse
[Positioning] Short term strong rally, rally may start to slow.
[Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
[Positioning] at resistance
[Timing] Extreme bullish 1 day moneyflow, on an strong-extreme rally is considered bearish.
BULLISH
None
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
excessive up (+3.56 pts, +7.9%) from yesterday's close, expect to pause/stop.
SHORT TERM DIRECTION
strong rally, rally may start to slow.
OVERBOUGHT/SOLD
NeutralPlus, odds slightly favor short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
possibly bearish, Uptrend turned sideways, may continue or pullback.
SUPPORT/RESISTANCE
48.64, at resistance,
48.39 ± 0.581
type single,
strength 1
Support Below : -4.2% at
46.6 ± 0.559
type triple+,
strength 10
Resistance Above : +2.8% at
50.03 ± 0.6
type single,
strength 5
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Neutral 3 day candlestick pattern.
Extreme 3 day distribution, occurs 5% of the time.
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Extreme bullish 1 day moneyflow,
occurs 5% of the time.
BREAKOUT
None.
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
48.64, at resistance,
48.39 ± 0.581
type single,
strength 1
SUPPORT BELOW
-4.2% at 46.6 ± 0.559 type triple+,
strength 10
-6.4% at 45.51 ± 0.546 type triple,
strength 10
-8.3% at 44.61 ± 0.535 type triple+,
strength 10
...
RESISTANCE ABOVE
+2.8% at 50.03 ± 0.6 type single,
strength 5
0%
Trade Quality
Long
TARGET 1
Price:
48.39 Profit:
0% (Strong rally has exceeded Target 1)
Stop/Trailing Stop: 47.58 Loss: 2.2%
POTENTIAL
Excellent, there are 1 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 1 RESISTANCE
Current price at resistance:
48.39 ± 0.581
type single,
strength 1
+0% at 48.39 is Target 1
TARGET 2
Price:
49.77 Profit:
2.3% P/L Ratio: 1 : 1 - Poor
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
None.
0%
Trade Quality
Short
TARGET 1
Price:
46.6 Profit:
4.2% (Typical pullback)
Cover/Trailing Cover: 49.68 Loss: 2.1%
POTENTIAL
Excellent, there are 0 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 2
Price:
45.51 Profit:
6.4% P/L Ratio: 3 : 1 - Good
(Extreme pullback)
Breakdown trade indicators.