Peyto's long -
term price chart is simply horrible, and it's unclear when the stock will turn around.
Yeah, cold comfort, indeed... This is a Dick Conroy vehicle — but despite the near - monthly press releases, the confidential Rio Tinto info / sample sharing agreement, and the supposed potential to become a profitable open pit diamond miner, to date shareholders have dick to show for it... well, except for this dreadful long -
term price chart.
Before we analyse it, we need some context: As I've previously noted, old & new investors continue to approach Record with some trepidation — doubtless, because of this long -
term price chart — and have tended to cherry - pick any bad news in its updates & results.
I'll now share with you the longer -
term price chart.
The outperformance is even more noticeable if you look at a longer -
term price chart.
Which leaves a lot of softs / livestock trading at an inflection point — they now look very cheap vs. their more recent price history, but still not unreasonably valued in terms of longer
term price charts, so the jury's still out on their future price trajectory.
Not exact matches
However, I eventually realized that longer -
term weekly
charts did the crucial job of smoothing out day to day
price volatility and presenting an objective «big picture» of the dominant trend.
Zooming into the shorter -
term hourly
chart interval, we see the
price action is holding above the 20 - period exponential moving average:
On the weekly
chart of $ FXI below, notice the
price has just clipped intermediate -
term support of its 10 - week moving average, which is basically the same as the 50 - day moving average on a daily
chart: The -LSB-...]
This is the shorter -
term type of
price confirmation that we like to see confirming longer -
term bases of the weekly
chart.
On the longer -
term weekly
chart below, notice that $ XOP has also just broken out above key horizontal
price resistance of its prior high from September of 2012, which should further spark bullish momentum from here:
This
chart is from 2015, but you can see the
price trend is up and to the right in
terms of
prices paid by Constellation:
As shown in the
chart below, signs of economic stabilization in China combined with recovering commodity
prices and a weaker U.S. dollar created short -
term tailwinds for EM assets.
If sellers become exhausted in the coming weeks, the
price should make new highs for the year... The long -
term Bitcoin
chart is extremely bullish, with solid support for the current bull market in the form of extreme volume.»
When one bar equals an entire month of
price action, determining where to buy or sell based on that
chart would be impossible for short -
term traders.
This should be a realistic near -
term price target for swing traders, and is marked by the dashed horizontal green line on the
chart above (around the $ 14.50 area).
Another reason we would first like to see a minor
price retracement from current levels before buying is that the long -
term monthly
chart interval shows us that $ GLD is actually running into resistance of its downtrend line from its September 2011 high:
Visitors to Advisor Perspectives will recognize the S&P Composite Stock
Price Index as a regular feature in our long -
term charts of market and economic happenings.
Historically, the
price of natural gas has spiked tremendously at times, but in absolute
terms, the
price is barely above its 1990 level, as shown in the natural gas
price chart below:
Drilling down to the shorter -
term weekly
chart pattern of $ TBT, notice the major band of horizontal
price support around the $ 71 area (highlighted in yellow).
The benchmark has been gyrating between resistance at this short -
term moving average and support at the 200 - day moving average for the past three weeks,
charting large intraday swings as investors attempt to find a level of comfort amongst equity
prices.
$ 443 is an important
price level on long -
term charts as this was the 50 - day EMA that was taken out last week.
However, even if a break of the long -
term trendline occurs, this scenario might not play out until 2015 because we are looking at a
chart of the monthly time frame (each bar on the
chart shows an entire month of
price action).
The above
chart (
prices as per Bittrex) shows a long -
term bullish trend reversal:
Poor liquidity will move
price a lot in the short -
term but that doesn't constitute a new medium -
term bull market until the
price charts confirm them.
Considering the short -
term positive correlation between the oil
price and the S&P 500 Index (see
chart below) and the well - known bearish fundamentals, it's more likely that the oil market will build a base this year involving a Q1 bottom and one or two successful tests of the bottom.
Below is a selection of the 5 most valuable long
term gold
price analysis, containing many gold
price charts:
Triple Top - It is a technical analysis
term they used to describe a
chart on which a
price of the security that has made three approximately equal tops over any period of time or a set period of time and then they may be broken thought a support level to reach a higher amount.
Initial profit targets could be set at in
term resistance of around 1.3390 (illustrated on the
chart by level 2) and if
price can close above this level then a further run towards 1.6340 (illustrated on the
chart by level 3) would be relatively unhindered, on a purely technical basis.
The bitcoin
price has rallied 84 percent from recent lows, suggesting a bottom is in place, although a long -
term bull revival is still not certain, according to the
price charts... Read more»
If
price does reverse, it can be expected to fall initially to in
term support around 1.3000 flat, (illustrated on the
chart by the level marked 2), and if this level is broken then previous low support at 3 could be a potential target.
Although the daily
chart is useful for seeing short -
term trends, trade setups on the monthly timeframe can be more explosive, especially when they align with bullish
price action on the weekly and daily
chart intervals.
As you can see on the
chart below, TMF has now confirmed its intermediate -
term trend reversal, and has convincingly broken out above horizontal
price resistance as well:
We consider the act of frequently checking stock quotes and looking at
price charts to be part of the pursuit of trying to find «new» information and doing so can be detrimental to the performance of a long -
term investor.
Here's a closer look at recent
price action on the shorter -
term daily
chart:
This is why, in strongly uptrending markets, we find it much easier and more profitable to focus on the
price action and technical patterns of individual leadership stocks and ETFs, rather than paying much attention to whether or not the
charts of the S&P, Nasdaq, and Dow are «overbought» (we hate that useless
term).
On this page, you'll find the most important long
term charts about the gold and silver
price.
As shown in the two
charts below, of the ten S&P Select Sector indexes, the top and bottom performers in
terms of
price index returns in 2017 (through November 7) were the S&P Technology Select Sector Index (IXT), which was up 32 %, and the S&P Energy Select Sector Index (IXE), which was down 6 %.
If comparing the longer -
term weekly
charts of SLV and GLD, it quickly becomes apparent that SLV has a lot more technical
price resistance and overhead supply to work through before recovering back to its year 2011 highs.
Simplicity and Clarity — Analyzing a
price chart and making a decision on the near -
term direction of the market should not be a complicated or «messy» task, so it makes sense to check your
charts for a short time each day shortly after the NY close.
However,
price action trading is increasingly used as an umbrella
term that includes analyzing
chart patterns, bar patterns, and candlestick patterns.
The
chart shows that the changes in bond
prices don't play a big role in long -
term bond returns.
On long -
term measures of value (for example, Graham's 10 - year trailing P / E ratio and corporate profits as a proportion of GDP) market
prices are well below average and approaching all time lows (See Future Blind «s post Market Valuation
Charts prepared in October last year when the S&P 500 was around 1160).
Before I share with you the longer -
term share
price chart, let's look at Google's Q2 2008 results in a little more depth.
On the weekly
chart the
price drop this week negated the possibility of a short
term Positive RSI Reversal by making a new lower low.
They simply use their
price action
chart reading skills to determine the most logical and probable near -
term market direction and then look for
price action setups that agree with it.
However, if
prices on Friday can show that important follow - through buying strength and produce a technically bullish weekly high close, that would be an early
chart clue the market has put in a near -
term bottom.
Naked
charts, support & resistance, and
price action reading is the ticket to consistency and long
term success!
Understand how a stock
chart tracks the past performance of a stock in
terms of
price.
You can see the result of this compounding of unrealized
price gains in the long -
term charts of stock indexes.