GOLDEN DRAGON - UPGRADED
Previously rated at a -2, movement on Monday brings to light several factors which drive us to upgrade PGJ to a new Tech Rating of 1.75.
Price and moving averages:
PGJ (Power Shares Golden Dragon) 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; however, our exponential moving averages have all turned up and are flat (longest term) to rising.
Bollinger Bands:
PGJ(Power Shares Golden Dragon) has closed below upper band by 24.5%.
Bollinger Bands are 50.5% narrower than normal.
The narrow width of the bands suggests low volatility as compared to PGJ(Power Shares Golden Dragon)'s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. This narrowing has just occurred. The probability of a significant price move increases the longer the bands remain in this narrow range.
CCI = 90.296
CCI is entering positive range
MACD
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 18 period(s) ago.
Since MACD crossed its moving average, PGJ's price has increased 5.16%
and has ranged from a high of 29.56 to a low of 27.18
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last several bars.
Current rating is 1.75
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.
Price and moving averages:
PGJ (Power Shares Golden Dragon) 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; however, our exponential moving averages have all turned up and are flat (longest term) to rising.
Bollinger Bands:
PGJ(Power Shares Golden Dragon) has closed below upper band by 24.5%.
Bollinger Bands are 50.5% narrower than normal.
The narrow width of the bands suggests low volatility as compared to PGJ(Power Shares Golden Dragon)'s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. This narrowing has just occurred. The probability of a significant price move increases the longer the bands remain in this narrow range.
CCI = 90.296
CCI is entering positive range
MACD
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 18 period(s) ago.
Since MACD crossed its moving average, PGJ's price has increased 5.16%
and has ranged from a high of 29.56 to a low of 27.18
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last several bars.
Current rating is 1.75
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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