Yearly trend: bullish for more than 2 years.
On a yearly basis, a bullish parallel pattern is in progress. The dynamic for each band is very strong. PY will cross MY in more than two periods.
Idea: bullish non-crossover for our stochastic.
Long term: above PQ (1018.8)?
On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is bullish. Next quarters, – 8 prices will increase. Without an increase for next prices, a bullish non-crossover could develop between our 7 / 23 quarters moving averages. The status in progress for our stochastic could be a bearish divergence. Above PQ (1018.8), a new bull trend could develop with a bullish non-crossover for our MACD and a strong bull trend for our 7 / 23 quarters moving averages. On a monthly basis, Bollinger bands spread is wide. A bullish non-crossover for our 7 / 23 months moving averages could / will develop next month (see -8 prices). UM (1015) is our next objective. MW (840.7) is a strong support.
Idea: with an oversold status for our stochastic (early March) a long term rise could develop.
R = PQ (1018.8), 1032.8, +; S = MM (839) / MW (840.7)
Medium term: recovery / rise
On a weekly basis, Bollinger bands spread is not minimal but UW / LW spread is expending. Now, the status for our 7 / 23 weeks moving averages is a bullish A type crossover. In last November a bullish non-crossover occurred with our stochastic and MACD. As long as our MACD is not overbought, the rise in progress will continue.
Idea: higher with an increase of our volatility.
R = PQ (1018.8); S = MW (840.7)
Short term: higher
On a daily basis, Bollinger bands spread is not minimal (MD is up). With our 7 / 23 days moving averages a bullish non-crossover is in progress. As long as our MACD is not overbought, the rise in progress will continue.
Idea: not bullish with LD which is flat.
R = PQ (1018.8); S = MD (938.5)
Conclusion: rise above PQ (1018.8).