MCO - Moody's Corporation Fri 13'th Jan 2017
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-12
Moody's Corporation Stock Analysis
Moody's Corporation gained 0.48% in the last trading day rising from, USD 96.50 to USD 96.96. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days days and is up by 2.83% over the past 2 weeks. Volume fell in the last day by -625 616 shares and ,in total, 846 979 shares bought and sold for approximately USD 82.12 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Moody's Corporation lays the upper part of a weak falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at USD 97.55 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.7% during the next 3 months and, with 90% probability will hold a price between USD 82.70 and USD 89.07 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday January 10, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Moody's Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 97.29. On a fall, the stock will find some support from the short-term average at USD 96.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Moody's Corporation finds support from accumulated volume at USD 96.50, USD 96.47, and USD 94.67. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 97.90, USD 100.67 and USD 102.24.
The stock is about to test the resistance from accumulated volume at USD 97.90 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 1.32 between high and low, and this equals 1.37%. For the last week, the stock has had a daily average volatility of 2.11%.
Our recommended stoploss: USD 96.53 (-0.44%) ( criteria: risk and position in trend)
Several short-term signals are positive and despite the stock being in a weak falling trend we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.