Tag Archives: moving average

TSX Index 3-Year weekly chart

Resistance at 15000 close to 200-day moving average
TSX Index: Resistance at the 200-day simple moving average to start the week.

TSX Index 3-Year Chart

Reference the last chart analysis for the TSX Index.

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“We are all students of the market.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

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West Texas Intermediate (WTI) 3-Year Chart

Major trend is down for WTI. Major support = 45
Major trend is down for WTI with an intermediate trading range between 45 and 55

WTI 3-Year Chart

Reference the last chart for WTI.

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“We are all students of the market.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

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% of stocks above the 200-Day Moving Average

47.20% of TSX stocks above the 200-day moving average
Percent of stocks avove the 200-day moving average for the TSX and the S&P 500

Three Year Chart

Reference the last chart published on December 21, 2014.

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“We are all students of the market.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2015 TradeOnline.ca

Percent of stocks above the 200-day moving average

Percent of stocks above 200 day moving average for the TSX and the S&P 500.

3-Year Weekly Chart

Percent of stocks above 200 day moving average for the TSX and the S&P 500.

Reference the last chart for the percent of stocks above the 200 day moving average.

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“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

CN chart anlaysis

A picture-perfect chart for CN
A 5-year chart for CN showing the major uptrend as approximated by the 200 day moving average.

CN 5-Year Logarithmic Chart

When did you board the train for this ride? In most cases, the simple rules make the most profit and are the easiest to trade. Buy when the stock crosses above the 200-day moving average. Or buy when the 50-day moving average crosses above the 200-day. Sell when the stock crosses below the 200-day or the 50-day crosses below below the 200-day. Add a filter so you don’t get whipsawed. You have your trading rules. It can be even programmed as a simple algorithm and let your computer make the trades. It doesn’t get any simpler than that!

CN released the Quarterly Results today.

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“Keep it simpe.”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

Death Cross for the TSX Index

50 Day moving average crosses below 200 Day moving average
Weekly candlestick chart for the TSX Index showing the 50 day moving average crossing below the 200 day moving average. This is called a death cross. Yes, the TSX has a negative technical profile.

TSX Weekly Chart courtesy of StockCharts.com

The above chart identifies support zones for the TSX. What more can I say about the chart: the TSX has a negative technical profile.

Reference the last chart analysis for the TSX Index.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013 TradeOnline.ca

Copper chart analysis

What is Dr. Copper’s prognosis for the world economy?
Chart analysis for copper based on the weekly chart analysis showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00.  Dr. Copper has a tepid prognosis for the world economy.

Copper Weekly Chart courtesy of StockCharts.com

Chart analysis for copper based on the weekly chart showing the intermediate and near-term downtrend. The 200 day and 50 day moving averages are identified on the chart. The RSI is confirming the intermediate downtrend. Copper is trading below both moving averages. Major support is at $3.00.

Dr. Copper has a tepid prognosis for the world economy which does not bode well for the TSX Index.

Reference the last chart analysis for copper.

Reference the last chart analysis for the TSX Index which is positively correlated with copper.

Reference my chart analysis for copper which showed the correlation between copper and the TSX.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Precision Drilling candlestick chart

Major resistance for Precision Drilling is $14.50
Precision Drilling three month candlestick chart showing a consolidation pattern

Precision Drilling (PD:TSX) 3-Month Daily Candlestick Chart

The most important points from the above chart for Precision Drilling are:

  • The chart is still in a uptrend.
  • There was no follow-through on the Tuesday sell-off.
  • Major resistance on this candlestick chart is $14.50.
  • Major support on the chart is $12.00.

You should maintain a neutral trading strategy at this stage with alerts at $14.00 and $13.00.  A close above $14.00 will indicate a possible attempt to break resistance at $14.50.  You could add to long positions with a close above $14.50 but this depends on the volume and other indicators at the time of the break.  A close below $13.00 would indicate a possible test of support at $12.00.  You would liquidate long positions if the stock closed below $12.00 with the next support test at $10.50.

You can reference the previous chart analysis for Precision Drilling.  Also visit the company website for fundamental data.

Reference  BigChart.com for the most recent one year daily chart.

Update for April 20, 2011: RBC raises Precision Drilling Corp price target to C$16 from C$12.50; rating outperform.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.