Tue 23'rd May 2017
Moody's Corporation Stock Analysis
Technical stock analysis for Tue 23'rd May 2017
Sell candidate since 2017-05-23
Moody's Corporation lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.8% during the next 3 months and, with 90% probability hold a price between USD 118.75 and USD 126.87 at the end of this period.
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 115.54. On a fall, the stock will find some support from the short-term average at USD 114.61. 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. A sales signal was issued from a pivot top point on Monday May 22, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
Moody's Corporation finds support from accumulated volume at USD 113.07, USD 112.47, and USD 112.05. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 119.40, USD 116.11 and USD 118.23.
The stock is about to test the resistance from accumulated volume at USD 119.40 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 0.72 (0.63%) between high and low. For the last week, the stock has had a daily average volatility of 1.42%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Moody's Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.