YOKU remains weak
Price
and moving averages:
Youku
Tudou 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:
Youku
Tudou has closed below the lower band by 3.4%. This combined with the
steep downtrend can suggest that the downward trend in prices has a good chance
of continuing. However, a short-term pull-back inside the bands is
likely.
Bollinger
Bands are 56.2% narrower than normal.
The
narrow width of the bands suggests low volatility as compared to Youku Tudou'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 11 bars. The probability of a significant price move increases
the longer the bands remain in this narrow range.
RSI:
The
current value for the RSI is 25.060; and below a normal bottom
Failure
Swings (also known as support or resistance penetrations or breakouts):
The
RSI has just reached its lowest value in the last 14 period(s); this is
bearish.
Divergence:
The RSI and price are not diverging
CCI = -151.208
Price
excursions from the mean price as a statistical variation is now in oversold
range and generated a short sell on prior close.
Current
rating is
-2
**if
not for the current oversold and extreme narrowing of the Bollinger bands, this
would be rated -3; however there is a chance of a short term price reversal.
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to
cautionary.
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