Since listing in 2013, Arena REIT (ARF) has displayed a consistent 18-day return following a 12, 26, 9 MACD Daily Histogram below 0 for 30 consecutive days. This type of downside persistence is very rare, having only been observed on 6 previous occasions. Yesterday, marked the 7th observations. Looking forward 18-days, ARF, provided an average gain of 4.04%, win...
Since 1981, the Chinese Renminbi has recorded 5 consecutive up weeks 17 times. Last week marked the 18th occasion. Weekly winning streaks of this length usually led to further gains over the next 7 weeks, providing an average gain of 1.51%, win rate 14 from 17, maximum 5.28%, median 1.52%, minimum -0.06%, standard deviation 1.44%. Disclaimer: This data is not...
The Nifty 50 Index (NSE) has fallen for the 5th consecutive week. Over the past 20-years, a weekly losing streak of this length has been observed 12 times. Similar weekly pullbacks have usually resolved to the upside looking forward 7-weeks, delivering an average gain of 5.1% with a win rate of 10 from 12 events. Disclaimer: This data is not financial advice....
The Nifty 50 Index (NSE) has fallen for the 5th consecutive week. Over the past 20-years, a weekly losing streak of this length has been observed 12 times. Similar weekly pullbacks have usually resolved to the upside looking forward 7-weeks, delivering an average gain of 5.1% with a win rate of 10 from 12 events. Disclaimer: This data is not financial advice....
Friday marked the 7th consecutive down day for Graincorp Ltd. Interestingly, last week, Morgan Stanley downgraded GNC from overweight to equal-weight. However, this 7-day losing streak has failed to take the price below the 200-day moving average. Similar types of pullbacks above the 200-day moving average have usually manifested to the upside, with an average...
Westgold Resources is down approximately 30% over the past 4-weeks. Since listing in 2016, WGX has only experienced 4 consecutive down weeks on 10 occasions. Following this & looking 4-weeks forward, WGX provided an average gain of 5.9% with a 9 from 10 win rate. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance...
Commonwealth Bank of Australia has just posted 4 consecutive losing weeks but remarkably remains above its 200-day moving average. Since 2000, a weekly losing streak of this length while still respecting the 200-day moving average is rare. Data paucity caveats aside, similar events have been unusually kind to CBA, with a 6-week average gain of 4.9% & win rate of 6...
S&P ASX 200 Index has fallen for the 4th consecutive week. Since 2000, following 4 consecutive down weeks, the XJO had a tendency to reverse course, posting an average 20-day gain of 2.6% with a win rate of 18 from 24. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance...
The S&P 500 Index fell for the 6th consecutive week. Since 1982, a weekly losing streak of this length is rare, having only be observed on 9 previous occasions. Similar episodes resulted in some short term upward relief, providing an average 7-day gain of 2.2% with a win rate of 8 from 9 events. Disclaimer: This data is not financial advice. Past performance is...
On Friday, after falling for 6 consecutive days, the Dow Jones Industrial Average recorded a gain of 1.47%. Since 2000, when the DJI finished a 6-day losing streak with a next day gain of over 1%, the forward 17-day return profile was reasonably robust delivering an average gain of 3.5% with an unblemished win rate of 7 from 7. Disclaimer: This data is not...
Since 2000, Commonwealth Bank (CBA) has displayed a consistent 15-day return following a 12, 26, 9 MACD Daily Histogram below 0 for 25 consecutive days & volatility was trending lower (50-day Average of Absolute Daily Deviation is lower than the 200-day Average of Absolute Daily Deviation). Average return of 2.80% with an unblemished win rate of 20 from...
Hotel Property Investments is down more than -10% over the past 5-days. As always, catching a falling knife is fraught with danger. However, since listing, HPI has only traded below its Lower Bollinger Band (20-DMA, 3 SDs) on 5 previous occasions, delivering a forward 19-day average return of 7.3%. It is also rare for a stock to trade below its Lower Bollinger...
Commonwealth Bank CBA has just recorded 3 consecutive down weeks but remains above its 200-day moving average. Since 2000, this type of weakness has occurred 23 times. Following this, the 6-week forward interval provided an average return of 5% with a win rate of 21 from 23 events. Disclaimer: This data is not financial advice. Past performance is not a guide to...
The 5-day performance of the NASDAQ 100 Index following a 1-day fall of over -5% is more noise than signal. Or as A. A. Milne noted: "It isn't really anywhere, it's somewhere else instead." Since 1985, a fall of over -5% for the NASDAQ 100 Index has occurred on 64 occasions. On average, 5-days later the market managed to gain 1.2% with a win rate of 64% (41 wins,...
At yesterday's close, Goodman Group registered a dreaded Death Cross, whereby its 50-day ma closed below its 200-day ma. With regard to GMG, the Death Cross wasn't that deadly, resulting in an average 11-day gain of 4.8%, with a win rate of 10 from 11 events. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and...
Blackmores Ltd's 50-day ma has closed below its 200-day ma for 5 consecutive days. Since 2000, this type of price action has been observed 14 times, & over the following 5-days resulted in a positive outcome on 11 occasions. Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past...
ARB Corp Ltd has just recorded 5 relative consecutive down weeks vs the All Ordinaries Index . Following this weakness, the 12-week forward interval usually provided a positive outcome. ARB is trading approx. 30% below the average target price of analysts surveyed by Refinitiv. Disclaimer: This data is not financial advice. Past performance is not a guide to...
Dicker Data Ltd has just recorded 4 relative consecutive down weeks vs the All Ordinaries Index. Following this weakness, the 7-week forward interval displayed a positive expectancy. DDR is trading approximately 10% below the average target price of analysts surveyed by Refinitiv. Disclaimer: This data is not financial advice. Past performance is not a guide to...