•
Relative Strength Line At New High • Global Leaders • CAN SLIM Select • Rising Profit Estimates • Stocks That Funds Are Buying • Your Weekly Review
Volume was slightly lower than yesterday but about average and
the relative strength line of the index is looking better.
Divergences and weakness in
the relative strength line is glaring for those that want to see.
Its red
relative strength line also turned down in mid-October (when the dollar started rising).
On the weekly chart of $ NEWR below, the top half shows the price action of the stock, while the bottom half shows
the relative strength line:
The relative strength line finally confirms the price action here, as the line has moved in step with the price action and has actually outperformed, making a «higher high» at point «C» ahead of the price.
But what we're really looking for is
the relative strength line to rally to new highs ahead of the price, which would offer a valuable clue that the stock is quite strong.
The relative strength line used here is calculated by diving the price of $ NEWR by the price of $ SPY.
Applying your five new tips for buying breakout stocks, the tight basing action and confirmation from
the relative strength line suggest that $ NEWR could now be ready to stage a powerful breakout.
The relative strength line does not confirm the price, as it stops well shy of the prior high.
When
the relative strength line is outperforming the price action of the stock (or the Nasdaq Composite in this case), it is a reliable bullish signal that often precedes further gains in price.
Not exact matches
The
relative strength in the Dow, as well as the resilience of the NYSE advance - decline
line, have been important in maintaining a relatively complacent attitude among investors.
Service exports have since paused at a high level as the impetus from the Rugby World Cup has waned, rising in value by 1/2 per cent in the March quarter; this is in
line with ongoing
strength in overseas arrivals
relative to that in recent years (Graph 48).
In recent weeks, one very interesting thing we have seen is the bearish divergence between the prices of the main stock market indexes versus their corresponding
relative strength (RS)
lines... [read more]
This data also forms the basis for the
Relative Strength price charts found on each industry page in the Value
Line Investment Survey.
Class W is further divided into subclasses according to the
relative strength of nitrogen and carbon emission
lines in their spectra (and outer layers).
The
Relative Strength Index (RSI) on the daily chart is moving sideways along the 70 technically overbought level, in bullish territory with a Moving Average Convergence Divergence indicator (MACD) that is flat on the signal
line and falling on the histogram.
Bottom
line is in both the buy and hold and timing portions of my portfolio, I ignore all the predictive noise and either stay the course or go strictly with the trends or
relative strength of the asset classes.
The
Relative Strength Index (RSI) is bullish and hovering around the technically overbought level, but no where near extreme, with a Moving Average Convergence Divergence indicator (MACD) histogram moving back higher along with the signal
line on the daily chart.
Aside from variations in
line strength and
line broadenning with height, their is the important point that,
relative to the mass path of CO2 (distances measured in terms of kg per unit area), temperature variations at those heights occur over small scales.
The first sign of possible trouble arose in August, when Facebook stopped outperforming the S&P 500 and could only match the benchmark's performance, as indicated by its flat
relative price
strength line in the stock chart below.
Relative strength is in the low 40s, while the MACD continues to hover near the zero
line.
Despite the bullish price -
relative strength index (RSI) divergence and bullish price - stochastic divergence (marked by dotted
lines), BTG is still stuck inside the falling channel.