29 October 2010

CNX-IT_F1

PRICE AND MOVING AVERAGES :-
CNX-IT_F1 (6724.2)  has closed above its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages,  and STOPLOSS   6,696.648
The relationship between price and moving averages is: neutral in short-term, and neutral in mid-long term.

BOLLINGER BANDS :-
CNX-IT_F1  has closed BELOW upper band by 34.2%.
Bollinger Bands are 50.4% narrower than normal.
The narrow width of the bands suggests low volatility as compared to CNX-IT_F1 's normal range.  Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 5 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
Weighted
CURRENT VALUE FOR THE AVARAGE( 9 ) periods is = 6,701.497

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