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Saturday, July 26, 2014 3:26:32 PM
CPST Short Story:
CPST went into Short Term Consolidation Friday after being completely out of any consolidation and in complete volatility. 10 day Volatility is low and is decreasing; meaning the present move down is slowing down.
http://www.stockscores.com/quickreport.asp?ticker=cpst
Volume remains weak:
The 20 day Average Volume is 2,547,003 shares traded, but the only day in July that neared that average was on July 17th , the largest day of drop in price. The percentage of Daily Volume has remained around 60% to 80% of the 20 day Average.
Weekly Short Sale totals also falling:
The past week's total daily volume has fallen 34.2% from the previous week's volume. At the same time the past week's total Short Sales fell 21.3% from the previous week's total Short Sales.
As the weekly total volume fell, the Shorters took a higher percentage of the daily volume each day. The weekly average of Shorts Sales was 41.26% of the daily volume; a fairly high short take of daily volume.
Shorters are no longer squeezed as now the Longs are in a weak Long squeeze.
The Short Rank numbers( giving the strength of a Short Squeeze or a squeeze on the Longs) have been steadily falling from a significant short squeeze to a weak squeeze on the Longs at present time.
Last January the squeeze on the shorts was a significant(around a +350/+400) squeeze on the shorters. This week the Short Squeeze Rank continues on the Longs: -2; 0 being neutral. Though the Long squeeze is weak, it's there.
Short Sale Numbers:
Day....Daily Vol...Daily SS Vol....SS % of Daily Vol...Short Rank
14-Jul..1,756,728....924,390...........52.62%..............+6
15-Jul..1,376,386....515,319...........37.44%..............+6
16-Jul..2,656,427....737,158...........27.75%.............-15
17-Jul..5,281,889..1,465,724...........27.75%.............-17
18-Jul..2,211,768....946,858...........42.81%..............-4
Week...13,283,198..4,589,449...........37.67%............-4.8ave.
21-Jul..1,543,634....508,010...........32.91%..............-4
22-Jul..2,365,972..1,040,081...........43.96%...............?
23-Jul..1,834,511....671,431...........36.60%.............-13
24-Jul..1,365,610....614,525...........45.00%..............-2
25-Jul..1,626,134....777,617...........47.82%..............-2
Week....8,735,861..3,611,664...........41.26%...........+1.25ave.
So volume is weak, Shorters taking a greater percentage each day but decline weekly. Shorters appear to be using less pressure to force the price down. Neither the Shorts or the Longs show significant pressure up or down and the pressure remains near neutral as the price drifts into consolidation.
http://shortsqueeze.com/
Price is beginning to consolidate. Complete consolidation, Short Intermediate and Long Term indicates a significant move up or down. Still a ways to go to get completely consolidated yet, and price may tend to consolidate leading into the 2nd Quarter Report without any significant news.
CPST 2 Week Chart appears more significant to me than the shorter term daily charts as to momo and the coming pinch:
CPST went into Short Term Consolidation Friday after being completely out of any consolidation and in complete volatility. 10 day Volatility is low and is decreasing; meaning the present move down is slowing down.
http://www.stockscores.com/quickreport.asp?ticker=cpst
Volume remains weak:
The 20 day Average Volume is 2,547,003 shares traded, but the only day in July that neared that average was on July 17th , the largest day of drop in price. The percentage of Daily Volume has remained around 60% to 80% of the 20 day Average.
Weekly Short Sale totals also falling:
The past week's total daily volume has fallen 34.2% from the previous week's volume. At the same time the past week's total Short Sales fell 21.3% from the previous week's total Short Sales.
As the weekly total volume fell, the Shorters took a higher percentage of the daily volume each day. The weekly average of Shorts Sales was 41.26% of the daily volume; a fairly high short take of daily volume.
Shorters are no longer squeezed as now the Longs are in a weak Long squeeze.
The Short Rank numbers( giving the strength of a Short Squeeze or a squeeze on the Longs) have been steadily falling from a significant short squeeze to a weak squeeze on the Longs at present time.
Last January the squeeze on the shorts was a significant(around a +350/+400) squeeze on the shorters. This week the Short Squeeze Rank continues on the Longs: -2; 0 being neutral. Though the Long squeeze is weak, it's there.
Short Sale Numbers:
Day....Daily Vol...Daily SS Vol....SS % of Daily Vol...Short Rank
14-Jul..1,756,728....924,390...........52.62%..............+6
15-Jul..1,376,386....515,319...........37.44%..............+6
16-Jul..2,656,427....737,158...........27.75%.............-15
17-Jul..5,281,889..1,465,724...........27.75%.............-17
18-Jul..2,211,768....946,858...........42.81%..............-4
Week...13,283,198..4,589,449...........37.67%............-4.8ave.
21-Jul..1,543,634....508,010...........32.91%..............-4
22-Jul..2,365,972..1,040,081...........43.96%...............?
23-Jul..1,834,511....671,431...........36.60%.............-13
24-Jul..1,365,610....614,525...........45.00%..............-2
25-Jul..1,626,134....777,617...........47.82%..............-2
Week....8,735,861..3,611,664...........41.26%...........+1.25ave.
So volume is weak, Shorters taking a greater percentage each day but decline weekly. Shorters appear to be using less pressure to force the price down. Neither the Shorts or the Longs show significant pressure up or down and the pressure remains near neutral as the price drifts into consolidation.
http://shortsqueeze.com/
Price is beginning to consolidate. Complete consolidation, Short Intermediate and Long Term indicates a significant move up or down. Still a ways to go to get completely consolidated yet, and price may tend to consolidate leading into the 2nd Quarter Report without any significant news.
CPST 2 Week Chart appears more significant to me than the shorter term daily charts as to momo and the coming pinch:
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