In my monthly starc band analysis of the Dow stocks, several interesting stocks turned up.
The starc band analysis is one way I determine whether a stock is in a high- or low-risk buy or sell zone.
Of course, the monthly analysis of relative performance and on-balance volume (OBV) can be combined with Starc band analysis to identify new opportunities.
One more drop below the May lows could take the leading stocks to my target buying zones, which are determined using a combination of Fibonacci and volatility band analysis.
As I noted on Tuesday, many of the Nasdaq 100 stocks were at highly overbought levels based on my Starc band analysis, and AAPL was near the top of that list.
False breakouts in a trading range can often be identified through analysis of the band width, allowing us to use trading range strategies without getting whipsawed.
Band bases his outlook on technical analysis, including a nadir in sentiment and improving market breadth: Although all major indices have slipped below their July lows, fewer individual stocks are making new lows.
All of that pre-parade analysis went out the window once the first band marched past me.
Chart Analysis: The weekly chart of the Spyder Trust ( SPY) shows that the Starc- band was exceeded for two weeks in early August.
The researchers then repeated their analysis by splitting the spectra into six bands, and looking for evidence of the planet in each band.
Chart Analysis : The daily chart of the Sypder Trust ( SPY) shows that the daily Starc- band was tested early in the week while prices have been trying to stabilize over the past few days.
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