Today's Opening - 248
Today's High - 243
Today's Low - 243
Today's Closing - 246
Lowest closing since 15th April, 2014. The stock has been making daily new lows since 8th Dec with good volumes over the last four days.
The 12, 26-day Moving Average Convergence Divergence has remained negative since 30th Oct.
For the past 10 trading sessions, the stock has been closing lower than the 5-day Exponential Moving Average.
For the past 10 days, the Negative Directional Index has been stronger than the Positive Directional Index.
For the past eight days, the 20-day Commodity Channel Index has remained below zero.
The 2-day Relative Strength Index has dipped below 30% today.
Another bank stock which looks very weak and is likely to go down further with 189 acting as the support level. Accumulate on dips. With more than 10% drop over the last one week, expect a pullback over the next 1-2 days. However, with the resistance level of 278 quite far away, the downward trend should resume after the minor pullback.
Today's High - 243
Today's Low - 243
Today's Closing - 246
Lowest closing since 15th April, 2014. The stock has been making daily new lows since 8th Dec with good volumes over the last four days.
The 12, 26-day Moving Average Convergence Divergence has remained negative since 30th Oct.
For the past 10 trading sessions, the stock has been closing lower than the 5-day Exponential Moving Average.
For the past 10 days, the Negative Directional Index has been stronger than the Positive Directional Index.
For the past eight days, the 20-day Commodity Channel Index has remained below zero.
The 2-day Relative Strength Index has dipped below 30% today.
Another bank stock which looks very weak and is likely to go down further with 189 acting as the support level. Accumulate on dips. With more than 10% drop over the last one week, expect a pullback over the next 1-2 days. However, with the resistance level of 278 quite far away, the downward trend should resume after the minor pullback.
Comments
Post a Comment