Horizontal trend

Horizontal trends indicate that the investor base is balanced. News and short term impulses will make the stock fluctuate in the short term, but it will remain near long term equilibrium.

Horizontal trendStocks in horizontal trends signal continued sideways development.

Investors who bought when the stock was near the trend floor saw that the stock was cheap at the time, and may well buy again if the stock falls to the same level. This constitutes support at the floor. Similarly, investors who sold when the stock was near the trend ceiling may well remember this good sale and want to sell again. This constitutes resistance near the trend channel ceiling. Barring large changes for the company or in the market, the stock will carry on its sideways development.

Stocks withHorizontal trend

Boeing Company
Exxon Mobil Corp
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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