Yearly trend: higher

On a yearly basis, the pattern in progress is a bullish parallel pattern. The status for our MACD is a bullish no-crossover. Our 7 / 23 years moving averages are always on a bull trend.

Idea: use bullish parallel rules

Bet: qualification into a bullish bubble?

 

Long term: bearish no-crossover status for our quarterly stochastic and MACD?

On a quarterly basis, the spread UQ / LQ is maximal. With our 7 / 23 quarters moving averages, a bullish pseudo no-crossover could develop this year. Without a bearish no-crossover as a status for our stochastic, a rise will develop and UM will be a target. Meanwhile, a bearish no-crossover could be the status for our stochastic and this status is in progress for our MACD. At the end of next month, LQ will be our main target.

On a monthly basis, the spread UM / LM is shrinking but is far away from its minimal level. Our MACD could be overbought next month. As long as MM proves to be a support, UM is our main target.

Idea: without strong trend

Bet: monthly Bollinger bands could stabilize

R= UM (93.98);    S= MM (68.55), PM (60.44), LM (43.10)

 

Medium term: Bollinger bands spread is flat

On a weekly basis, the spread UW / LW is shrinking and not minimal. Our stochastic and MACD are overbought. With our 7 / 23 weekly moving averages, a bearish no-crossover could develop next week.

Idea: towards LW, as long as MW proves to be a resistance

Bet: nothing to do this week

R = MW (76.75);     S = LW (68.81)

 

 

Short term: bearish without pattern

On a daily basis, UD / LD spread is increasing. A bearish pre-parallel pattern could develop next week.

Idea: MD will act as a resistance

Bet: drop with stock indices….

R = MD (78.01);          S = LD (72.32)

 

Conclusion: neutral, on a medium term basis, as long as LW proves to be a support.