DANG DANG upgraded rating
Tech Rating: 1.25, is this chart good enough to make a decision yet? Probably not. There is a little issue with CCI being overbought and the juxtaposition of the exponential moving averages. Other indicators, while weak, are showing signs of life. Put this on the radar, but don't call it into fire control just yet.
Price and moving averages:
DANG(Dangdang) 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:
DANG(Dangdang) has closed above the upper band by 18.6%.
Bollinger Bands are 62.0% narrower than normal.
The narrow width of the bands suggests low volatility as compared to DANG(Dangdang)'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 3 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
CCI = 204.975 and has generated a buy signal but that signal is in the overbought range.
MACD
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 10 period(s) ago.
Since MACD crossed its moving average, DANG's price has increased 13.48%
and has ranged from a high of 11.33 to a low of 9.59
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last 5 periods.
Current rating is 1.25
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.
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