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Posts Tagged ‘Moving average’

Timmins Gold TGD Nears Buy Price Trigger

Timmins Gold TGD finished the day at $2.43, only $0.03 below its 21-day exponential moving price average of $2.46.

TGD 1-year stock price chart follows:

Timmins Gold TGD 1-year stock price chart

Timmins Gold TGD nears buy price trigger

As you can see from 21-day detrended price oscillator chart, TGD has been below the bottom of the channel, indicating an oversold condition.

The last time this occurred, TGD went from $2.06 to over $3.00 before hitting the sell trigger at $2.63.

Expect overhead price resistance at a little over the $3.00 mark.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

Bought McEwen Mining MUX Today

This past Friday, McEwen Mining MUX, hit my buy trigger. Today, I purchased shares at $4.45. MUX closed out the day at $4.52.

MUX Chart

MUX data by YCharts

Thus far, I have liked the way the MUX charts are shaping up.

McEwen Mining MUX 4-2-12

So far, I like the way this MUX chart looks

The 21-day exponential moving price average is currently $4.43. At the bottom of the chart above, the detrended price oscillator has just re-entered the channel. If the yellow line is below the channel, the stock is oversold, above the channel it is overbought.

Pulling out to the MUX 5-year chart provides interesting and useful perspective.

McEwen Mining MUX 5-year chart

McEwen Mining MUX is in a long-term price uptrend

As you can see from the detrended price oscillator MUX was wildly overbought for an extended period of time, but more recently re-entered the channel.

MUX is in a long-term price uptrend. With one exception, the price has stayed with the Andrew’s Pitchfork.

There is fairly strong overhead resistance at the $6.00 level, and again around $7.50.

My plan is to sell this stock once it drops below the 21-day detrended moving price average. Should I change my mind, which I doubt, I will post an update.

Given the resilience in gold and silver prices, the relative under-performance of junior mining stocks to  the price of silver and gold, and the general poor state of the world economy, I would think that eventually MUX and other junior mining stocks would get a nice bounce.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor. 

McEwen Mining (MUX) Hits Buy Trigger

March 31, 2012 1 comment

I have been following McEwen Mining (MUX) the past few days on the blog. Today it just hit my buy trigger closing at $4.44, two cents above the 21-day exponential moving price average of $4.42. I will be looking to purchase Monday morning.

MUX Price Chart 3-30-12

MUX hits buy trigger

MUX has been in a long-term uptrend as you can see from the 5-year chart that follows.

More recently, during the past year, MUX has been staying within the bounds of an ascending Andrew’s Pitchfork. Each time the price has neared the bottom of the pitchfork, it has bounced either on the bottom of the pitchfork, or off the white sell trigger line.

The detrended 21-day exponential price oscillator had dropped below the bottom of the channel, but has now just climbed back within it.

Overall, I am anticipating MUX to continue to move upward in price.

MUX 5-year price chart

MUX, long-term, is in an upward price trend

As stated previously, MUX has been in a long-term upward price trend as seen in the chart to the left. It had reached a seriously overbought level as evidenced by the 21-day exponential moving price average remaining outside the top of its channel for a prolonged period of time.

However, more recently MUX has re-entered the price channel. For purposes of determining whether to purchase MUX or not the upper chart covering the past year is more relevant – as far as the buy trigger, than the longer-term chart.

Overhead price resistance is visible around the white lines at approximately $6.00 and $7.50.

Mux price chart

A different chart perspective on MUX price

The next chart (in black and white) provides a slightly different perspective on MUX.

It shows that MUX temporarily dipped below a sell trigger, but then crossed above that trigger and has now-re-entered the ascending Andrew’s Pitchfork. The price also managed to break above a downtrend that had been in place before March began.

My current strategy is to purchase MUX with a limit order of $4.50 per share. I will look to sell should MUX close below the 21-day moving average. Should this strategy change I will post an update.

MUX Chart

MUX data by YCharts

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

McEwen Mining (MUX) Watch this Space

March 29, 2012 2 comments

Image

Despite the recent drop in price, McEwen Mining (MUX) is still within the upward trending Andrew’s Pitchfork.

The detrended 21-day price oscillator is still near the zero line.

Should the price close above the 21-day exponential moving average (the blue line on the price chart), I plan on pulling the trigger on this one.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

JCPenney (JCP) Stock Price Slaps Back

March 27, 2012 2 comments

Looks like the JCP stock price chart just got a little more interesting.

JCP Stock Price 3-27-12

JCP stock price just peeking out of descending price channel

JCP stock price is just peeking outside of the descending price channel and also right above the sell trigger line it had fallen through previously.

However, we’ll have to wait to see how the JCP stock price closes to better assess this chart.

Despite the nice bump up in price, JCP is nowhere near the Andrew’s Pitchfork that it fell out of a couple of weeks ago. The price would need to close above the blue 21-day exponential moving average on the price chart to convincingly indicate that the price will rise further.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

McEwen Mining (MUX) Nearing Buy Trigger

March 27, 2012 3 comments

It was only last Friday 3-23-12 that McEwen mining fell through the sell trigger for a day on the chart below. What a difference a day makes.

MUX 3-26-12

MUX 3-26-12

Although MUX has slipped a bit since Monday 3-26-12, it would not take much of a rise in the stock price for it to cross the 21-day exponential moving average, represented by the blue line in the price chart below.

MUX 3-27-12

MUX nearing buy trigger

Of note on the above chart is overhead price resistance of around $6.00 per share. Keep an eye out for the detrended price oscillator (21-day exponential moving average) as it has recently re-entered the channel. A further rise should push the stock price above the blue line of the price chart and signal a buying opportunity.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

JCP Stock Chart: Keep Slapping the JCP Stock Analyst

March 27, 2012 6 comments

In an earlier post about JCPenney I asked if it was time to slap your stock analyst. With all the analysts calling for JCP to rise to $40.00 or above, it isn’t too surprising that several people have found their way to my articles on JCP using a variation of the search term “is JCP stock price falling?” The short answer is yes.

Perhaps the more relevant question is, will the JCP stock price continue to fall. A few charts might help us decide.

JCP Stock Price Chart 3-26-12

JCP stock price continues to trend down

Looking at the first chart above, it is actually quite stunning that anyone is asking if JCP is falling in price as it has been in a declining channel for over a month.

On the chart, JCP has fallen through bottom support in the Andrew’s Pitchfork, as well as through the sell trigger line. It is now in a declining price channel. The only question is, How long will JCP remain in that declining price channel?” Perhaps the next chart will at least give us an idea.

JCP 3-month chart

JCP 3-month chart

The above JCP chart, looks quite similar to the previous chart. This chart is only a 3-month chart. Note that overhead price resistance is approximately $42.00.

Probably the most noteworthy feature of the above chart is the detrended 21-day exponential moving average. When JCP took that giant jump in price, the detrended price oscillator jumped out of the channel it had been in and stayed outside it for around a month.

The detrended price oscillator is currently outside the bottom of the channel now and has been there for about two weeks. So, it is possible it could remain outside the channel for a bit longer.

For the JCP stock price to begin rising it is going to have to break through quite a few resistance levels on the chart including:

  • The declining price channel
  • The sell trigger line which now provides overhead resistance
  • The bottom of the Andrew’s Pitchfork

Aside from the whole JCPenney as the Apple of retailing meme, there are some serious  issues to be overcome on this chart before we can seriously talk about an increase in the JCP stock price.

In the meantime, if you see one of the JCP stock analysts calling for a $40.00 price target, be sure to slap them for me.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

Stock Chart Update: McEwen Mining (MUX)

March 26, 2012 4 comments

McEwen Mining (MUX) has been on the rise recently, but it looks like it has more to run.

MUX 3-26-12

McEwen Mining (MUX) looks like it has more to run

Looking at the chart, MUX has managed to bounce off the white price support line in the price chart above. It has also been staying within the Andrew’s Pitchfork formation.

Price is currently below the 21-day exponential moving average. Looking at the 21-day exponential detrended price oscillator, MUX is slightly below the zero line.

Given the general upward price momentum for MUX, I am considering buying MUX once it’s price closes above the 21-day exponential moving average. Would look to sell upon a close below the 21-day exponential moving average.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

Pan American Silver (PAAS) Flashing Buy Signal

March 26, 2012 Leave a comment

Zignals Chart Image

Just a quick Pan American Silver (PAAS) update.

PAAS finished Friday 3-23-12 above a descending price channel that it had been in for most of this month.

Additionally, its 21-day exponential detrended price oscillator has been at a very low level, but appears to be trending back toward the zero line. The detrended price oscillator tends to stay within a channel, which in this case, I did not draw on its chart. When it rises above the zero line price tends to go up. When it sinks below the zero line price tends to go down.

Moves below the bottom of the detrended price oscillator bottom channel, followed by a price close above the 21-day exponential moving average gives a buy signal.

When the detrended price oscillator exits the upper channel and the 21-day exponential moving price average drops, this provides a sell signal.

Another couple of interesting chart features you should note are price support at $21.23 and resistance at $26.24.

At a later date I will try to produce a better chart with this additional information on it. I made this chart very quickly as I wanted to provide this in a more timely manner.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

Charts: McEwen (MUX) Price Direction Week of 3-26-12

March 25, 2012 5 comments

McEwen Mining had a nice run on Friday 3-23-12, finishing the day up 38 cents or 10.16% up. Recent action in the charts continues to be very interesting.

That being said, let’s first take a look at the following chart.

MUX Price Chart 3-23-12

MUX price may be on verge of reversing downward

MUX price temporarily fell below both the bottom of the Andrew’s Pitchfork and sell trigger lines on 3-22-12, only to jump back above the bottom line of the pitchfork on Friday 3-23-12.

That being said, the next chart may provide further information on the direction MUX will take.

Mux 1-year price chart

MUX 1-year price chart with detrended price oscillator

MUX had recently been moving down in price following rising above the upper channel of the 21-day detrended price oscillator back in January. It recently crossed the dashed white line at zero and the price fell below the 21-day exponential moving average represented by the dashed line and also by the blue line on the price chart.

It is possible that the detrended price oscillator continues to move toward and then outside of the lower end of the channel. Alternatively, it could cross the dashed line. Should it cross the white line, a price closing above the blue line on the price chart would be a signal to buy. You could then hold until the price nears or crosses below the blue line again.

Alternatively, should the detrended price oscillator rise above the upper line of the channel you could use that as a sell signal.

Next week looks to be an interesting week for MUX.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.