Long term: bearish on a long term basis
On a yearly basis, Bollinger bands are down. A PEI is the status for our 7 / 23 years moving averages. Our stochastic and MACD are overbought. The decline in progress should continue for some periods.
On a quarterly basis, a bearish A type crossover is in progress with our 7 / 23 quarters moving averages. A PEI is the status for our stochastic and MACD. A type I PEI could develop this year.
On a monthly basis; a bearish parallel pattern is always in progress. A PEI is in progress with our 7 / 23 months moving averages.
Idea: use monthly bearish parallel rules
Bet: a PEI could develop with our monthly stochastic.
R = PM (88.2); S = 79.70 (Historical low), – – -.
Medium term: without trend
On a weekly basis, Bollinger bands are flat. A bearish no-crossover is in progress with our 7 / 23 weeks moving averages. With an overbought status for our MACD, LW will be our next objective.
Idea: bearish as long as MW proves to be a resistance
Bet: as long as our 7 weeks moving average is down, a bear trend could develop.
R = MW (82.78); S = LW (80.59)
Short term: decline
On a daily basis, Bollinger spread is wide; A PEI is in progress with our stochastic and MACD.LD is our next objective.
Idea: PEI with our 7 / 23 days moving averages
Bet: our stochastic is our leading indicator.
R = MD (82.50); S = LD (81.34)
Conclusion: a bearish pattern could develop within 3 weeks on a weekly basis.