SOHU - so bad it could come good (for a day or two)
Price and moving averages:
Sohu.com has closed below its short term moving average.
Short term moving average is currently below mid term, AND below long term moving averages.
The relationship between price and moving averages is: bearish in short term, and bearish in mid-long term.
Bollinger Bands:
Sohu.com has closed below the lower band by 6.9%. Although prices have broken the lower band and a downside breakout is possible, the most likely scenario for Sohu.com is to continue within current trading range.
This picture becomes somewhat unclear due to the fact that Bollinger Bands are currently 54.6% narrower than normal.
The narrow width of the bands suggests low volatility as compared to Sohu.com's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 14 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
CCI is -218.634 and called for a short position to be entered one trading day ago; currently in oversold territory.
Current rating is -3
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
Note: Our unpublished trend rank is very strong, the ticker is not yet oversold and these points are aligned with the stochastic picture of a continued sell. However the outside of Bollinger Band move points to a possible short term upward move; that could be today or tomorrow.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure: the firm does not currently hold a position in this stock and has no plans to create a long or short position over the next 5 business days.
Sohu.com has closed below its short term moving average.
Short term moving average is currently below mid term, AND below long term moving averages.
The relationship between price and moving averages is: bearish in short term, and bearish in mid-long term.
Bollinger Bands:
Sohu.com has closed below the lower band by 6.9%. Although prices have broken the lower band and a downside breakout is possible, the most likely scenario for Sohu.com is to continue within current trading range.
This picture becomes somewhat unclear due to the fact that Bollinger Bands are currently 54.6% narrower than normal.
The narrow width of the bands suggests low volatility as compared to Sohu.com's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 14 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
CCI is -218.634 and called for a short position to be entered one trading day ago; currently in oversold territory.
Current rating is -3
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
Note: Our unpublished trend rank is very strong, the ticker is not yet oversold and these points are aligned with the stochastic picture of a continued sell. However the outside of Bollinger Band move points to a possible short term upward move; that could be today or tomorrow.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure: the firm does not currently hold a position in this stock and has no plans to create a long or short position over the next 5 business days.
Categories:
0 comments:
Post a Comment