1. Trend Analysis
Current Trend: The stock has recently shifted into a short-term uptrend, recovering from a prolonged downtrend and sideways consolidation.
Higher Highs and Higher Lows: Recent price action shows the formation of higher highs and higher lows – a classic sign of bullish momentum.
2. Candlestick Patterns
The recent candles are strong bullish candles with higher closes and relatively long bodies, indicating sustained buying interest.
No major bearish reversal patterns are visible in the last few sessions.
A small bullish continuation candle appears today, suggesting the momentum is still intact.
3. Moving Averages (EMA)
Short-term EMAs (probably 9 & 21 EMA):
Price is above both EMAs, which are also sloping upwards — a bullish confirmation.
9 EMA has crossed above 21 EMA (bullish crossover).
200 EMA:
Price has recently crossed above the 200 EMA, which is a strong bullish signal indicating a potential shift in medium-term trend.
4. Volume Analysis
Recent green candles are accompanied by increasing volume, showing strong participation in the upward move.
No significant spike in red volume bars during the recent uptrend — minimal distribution visible.
Healthy volume patterns supporting the breakout.
5. RSI (Relative Strength Index)
Current RSI: ~67.49
Approaching the overbought zone (70+), but not quite there yet.
Indicates strong momentum, but watch for potential resistance or consolidation if it goes above 70.
RSI has been rising steadily with price — a positive RSI-price divergence is not seen, confirming trend strength.
Current Trend: The stock has recently shifted into a short-term uptrend, recovering from a prolonged downtrend and sideways consolidation.
Higher Highs and Higher Lows: Recent price action shows the formation of higher highs and higher lows – a classic sign of bullish momentum.
2. Candlestick Patterns
The recent candles are strong bullish candles with higher closes and relatively long bodies, indicating sustained buying interest.
No major bearish reversal patterns are visible in the last few sessions.
A small bullish continuation candle appears today, suggesting the momentum is still intact.
3. Moving Averages (EMA)
Short-term EMAs (probably 9 & 21 EMA):
Price is above both EMAs, which are also sloping upwards — a bullish confirmation.
9 EMA has crossed above 21 EMA (bullish crossover).
200 EMA:
Price has recently crossed above the 200 EMA, which is a strong bullish signal indicating a potential shift in medium-term trend.
4. Volume Analysis
Recent green candles are accompanied by increasing volume, showing strong participation in the upward move.
No significant spike in red volume bars during the recent uptrend — minimal distribution visible.
Healthy volume patterns supporting the breakout.
5. RSI (Relative Strength Index)
Current RSI: ~67.49
Approaching the overbought zone (70+), but not quite there yet.
Indicates strong momentum, but watch for potential resistance or consolidation if it goes above 70.
RSI has been rising steadily with price — a positive RSI-price divergence is not seen, confirming trend strength.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.