SINA - UPGRADE - yes, upgrade
We can almost hear the screams of "why" and "are you kidding me?". Let us explain why our Tech Rating of 1.5 should have you watching SINA. Forget the UGLY exponential moving average slopes and positions for just a moment; RSI has been slowly rising since the beginning of May, stochastic signals are also on the move. Even our MACD signal shows some potential, although in negative territory, with a rise over greater than 10 trading days.
Price and moving averages:
SINA (Sina Corp) has closed below 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: bearish in short term, and bearish in mid-long term.
Bollinger Bands:
SINA (Sina Corp) has closed above bottom band by 48.9%.
Bollinger Bands are 53.4% narrower than normal (though not as narrow as May 19th!).
The narrow width of the bands suggests low volatility as compared to SINA'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 18 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
CCI is in a neutral range at -6.456; we don't call a sell or short until well into the negatives.
MACD:
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 22 period(s) ago.
Since MACD crossed its moving average, SINA's price has decreased -4.11%
and has ranged from a high of 49.25 to a low of 42.40
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
MACD has continued to rise while the price has dropped since the start of May.
Current rating is 1.5
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:
SINA (Sina Corp) has closed below 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: bearish in short term, and bearish in mid-long term.
Bollinger Bands:
SINA (Sina Corp) has closed above bottom band by 48.9%.
Bollinger Bands are 53.4% narrower than normal (though not as narrow as May 19th!).
The narrow width of the bands suggests low volatility as compared to SINA'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 18 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
CCI is in a neutral range at -6.456; we don't call a sell or short until well into the negatives.
MACD:
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 22 period(s) ago.
Since MACD crossed its moving average, SINA's price has decreased -4.11%
and has ranged from a high of 49.25 to a low of 42.40
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
MACD has continued to rise while the price has dropped since the start of May.
Current rating is 1.5
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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