QIHU upgraded to bullish
Tech Rating: 1.5 (November 11th pre-open)
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
We close out another profitable bearish call for a potention to 25 to 12.4% gain with apossible new trend forming: bullish MACD, CCI and Stochastic.
The trend is weak and the moving average juxtaposition are not yet supportive; tread carefully and keep stops tight.
Price and moving averages:
QIHU 360 has closed above its short term moving average.
Short term moving average is currently below mid term, and below long term moving averages.
Mid term moving average is currently below long term
The relationship between price and moving averages is: neutral in short term, and bearish in mid-long term.
Bollinger Bands:
QIHU has closed below upper band by 30.9%.
Bollinger Bands are 31.8% narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
CCI: is now in positive range and generated a buy signal 1 bar ago.
MACD:
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 19 bars ago.
Since MACD crossed its moving average, QIHU's price has increased 14.69%
and has ranged from a high of 74.76 to a low of 60.25
MACD is not in an overbought/oversold range.
There have been no divergence signals within the last 5 periods.
**This commentary is for educational purposes only. It is not a recommendation to buy or sell. Use at your own risk.
About the Technical Rating Indicator
The Technical Rating Indicator combines established methods of technical analysis along with regression analysis and a weighting system based on signal strength to provide a technical rating. Note that none of the indicators use standard settings, and none of the settings have been optimized to fit a particular data set (avoiding in-sample bias).
The result is a clean, proprietary technical research rating system.
The Technical Rating Indicator is expressed in values ranging from -3 to +3.
A technical rating of -3 is issued when all individual indicators are exhibiting readings consistent with previous periods of negative prices (i.e. conditions are “bearish” for the stock price, based on historical analysis). A technical rating of +3 is issued when the individual indicators are exhibiting readings consistent with previous periods of positive price movement (i.e. conditions are “bullish” for the stock, based on historical analysis). Intermediate readings indicate a mix of signals from the inputs to the Technical Rating Indicator.
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.
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