Tree Top Industries Inc (OTCMKTS:TTII) May Trade Much Higher
The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.
TREE TOP IND ORD closed down -0.070 at 0.440. Volume was 91% below average (consolidating) and Bollinger Bands were 72% wider than normal.
Open High Low Close Volume___
0.510 0.510 0.415 0.440 27,679
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.49 0.45 0.13
Volatility: 139 468 868
Volume: 72,593 486,787 181,401
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
TREE TOP IND ORD is currently 241.0% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of TTII.PK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TTII.PK and have had this outlook for the last 7 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 61.1830. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.26. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 14 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -69. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 12 period(s) ago.
Latest posts by Paul Ebeling (see all)
- As Losses Mount Soros Continues to Bet Against US Stocks - August 17, 2017
- Forex Morning Briefing: The US Dollar (.DXY) Index - August 17, 2017
- Gold and Crude Oil Briefing - August 17, 2017