AI
Tuesday, September 27, 2016 7:59:44 AM
Buy:sell, daily shorts & pps 09/26 2016 EOD
No positive signs anywhere, as I would expect with Friday's AH ATM expansion filing.
Today was open high, $1.39, plummet to $1.33 by 10:00, do a little $1.34/5 until 10:36 starts a short push to $1.38 by 10:43 and then 10:52 starts a fall back to $1.35/6 by 10:54. That's where the day stayed, on mostly very low/no-volume until the EOD volatility began at 15:57 and some volume was seen trading into the close in the $1.34/6 range and closed at $1.35, -2.88% from yesterday.
There were no pre-market trades.
09:30-09:51 opened the day with a 1,462 sell & 189 more, all for $1.39. Then came 9:35's 553 $1.37, 9:35's b/a of ~1.1K:1.7K $1.37/8, 9:36's ~1.1K $1.37, 9:37's ~2.3K $1.37->$1.36, 9:38's 2K $1.3599, 9:38's b/a 1.7K:3.8K $1.35/6, 9:41's 5.8K $1.35/$1.36, 9:42's 200 $1.35/$1.3550 (100 ea.), 9:43's b/a 300:4.7K $1.35/6. Then began mostly very low/no-volume $1.35/6 (mostly $1.3550). B/a at 09:50 was 600:2.4K $1.35/6. The period ended on 9:51's 12K $1.3563/$1.3556 (3K/9K).
09:52-10:00, after one no-trades minute, did a drop on 9:53-:54's~6.8K $1.35->$1.34, 9:57's 10K $1.34 block, and 10:00's 11.9K $1.33/4.
10:01-10:31, after one no-trades minute, stepped up and began very low/no-volume $1.34/5 on 10:02's 270 $1.3435/$1.35. B/a at 10:10 was 9.9K:2.6K $1.34/5. Volume was interrupted by 10:11's 10K $1.3410 block. B/a at 10:12 was 9.8K:2.8K $1.34/5. The period ended on 10:31's 285 $1.3436.
10:32-15:56, after four no-trades minutes, stepped up on 10:36-37's 6.9K $1.3450->$1.35->$1.36 and 10:43's 100 $1.3750 and did very low/no-volume $1.37/$1.3750 through 10:52. Price then did a low/no-volume sag through 10:55 to $1.35 and began very low/no-volume $1.35/6. B/a at 11:30 was 31.2K:3.7K $1.35/6. Volume was interrupted by 11:42's 14.2K $1.35/$1.3501 (7.2K/7K). B/a at 11:54 was 22.4K:3.9K $1.35/6, 12:11 21/3K:5.5K $1.35/6. Volume was interrupted by 12:58-13:00's 12K $1.35/6->$1.3550->$1.3590->$1.3550. B/a at 13:07 was 19.3K:2.7K $1.35/6. Volume was interrupted by 13:09-:10's 7K $1.3550/$1.3593. 13:24-13:53 power loss my site. B/a 14:23 28.3K:8.8K 1.35/6. Volume was interrupted by 14:50's~18.7K (incl 13,996 $1.35 blk) $1.35. B/a at 15:00 was 9.5K:6K $1.35/6, 15:49 10.8K:2.9K $1.35/6. The period ended on 15:56's 600 $1.3550.
15:57-16:00 produced normal EOD volatility, albeit generally low volume with 15:57's 9.4K $1.3550->$1.35->$1.3563->$1.34, 15:58's 2.3K $1.34->$1.3450->$1.55, 15:59's 731 $1.34->$1.36 (100), and the period and day ended on 16:00's 200 $1.35.
There were no AH trades.
Excluding the opening and closing trades (didn't qualify), there were 11 larger trades (>=5K & 3 4K+) totaling 85,096, 39.45% of day's volume, with a $1.3483 VWAP. For this day's volume both the count and percentage of day's volume are higher than normal. Several "larger larger trade" account for the higher percentage.
On my minimal chart, we had one good thing and the rest bad.
The good thing is even though we penetrated the $1.34 price-point support we did manage to close above it. The first item of bad news is the we did penetrate it. History says we should have a lower low tomorrow.
The rest of the bad news includes not only did we penetrate the above support but we also penetrated and closed below the longer-term rising support we had just moved above (rising white line) and did so on rising and relatively strong, for us, volume. This indicates there is rising strength in the move lower. The experimental 13-period Bollinger band limits continue converging and now both are falling, dragging the mid-point rapidly lower. Last, if we do confirm the break below those two supports, which I expect, the next stop is $.25 and I can't say that will be a strong support.
On my one-year chart the 10 and 20-day SMAs continue descending and are below the 50-day. The 10-day is also below the 200. The 50-day stopped rising and has gone flat. If we hold the current range the 10 and 20-day will continue declining, the 20 quite rapidly and still looks on track to cross below the 200-day in roughly a week. If we hold this range the 50-day will immediately begin to decline.
All the oscillators I watch weakened. MFI (untrusted by me) remains in oversold, Williams %R re-entered oversold and RSI is just above oversold. Full stochastic is exactly at neutral. Everything else is also below neutral.
The experimental 13-period Bollinger limits, $1.3166 and $1.4803 ($1.3196 and $1.4958 yesterday) are now both falling as well as still converging. I expect the lower limit will get a push lower tomorrow and the limits will begin diverging again with a rising rate of fall on the lower limit.
All in, bad ju-ju here.
Percentages for daily short sales and buys moved in opposite directions but we might consider buy percentage flat (-48 basis point change). Daily short percentage moved to near the top of my desired range (needs re-check). Buy percentage is well below what's needed for sustainable appreciation and with short percentage on the high side we have near-term weakening suggested.
The spread expanded thanks to a $1.39 open and plunge by 10:00 to $1.33. Combined with Friday's AH filing to expand the ATM usage, seen as negative by the market I would guess, and today's substantial drop in trading range I think we have entered a down leg an this spread suggests more near-term weakness.
The VWAP's last twenty-four readings again deteriorated, going from 18 negative and 6 positives to 19 and 5 respectively. Change since 08/22 is -$0.2344, -14.79%, and the averages of the rolling 24-day period seen in the last few days (latest first) finally deteriorated for the second consecutive day and are now -0.6109%, -0.3949%, -0.3681%, -0.3757%, -0.5054%, -0.4416%, -0.2697%, -0.2275%, -0.1731%, and -0.1117%.
All in, I see only near-term weakness suggested.
Bill
No positive signs anywhere, as I would expect with Friday's AH ATM expansion filing.
Today was open high, $1.39, plummet to $1.33 by 10:00, do a little $1.34/5 until 10:36 starts a short push to $1.38 by 10:43 and then 10:52 starts a fall back to $1.35/6 by 10:54. That's where the day stayed, on mostly very low/no-volume until the EOD volatility began at 15:57 and some volume was seen trading into the close in the $1.34/6 range and closed at $1.35, -2.88% from yesterday.
There were no pre-market trades.
09:30-09:51 opened the day with a 1,462 sell & 189 more, all for $1.39. Then came 9:35's 553 $1.37, 9:35's b/a of ~1.1K:1.7K $1.37/8, 9:36's ~1.1K $1.37, 9:37's ~2.3K $1.37->$1.36, 9:38's 2K $1.3599, 9:38's b/a 1.7K:3.8K $1.35/6, 9:41's 5.8K $1.35/$1.36, 9:42's 200 $1.35/$1.3550 (100 ea.), 9:43's b/a 300:4.7K $1.35/6. Then began mostly very low/no-volume $1.35/6 (mostly $1.3550). B/a at 09:50 was 600:2.4K $1.35/6. The period ended on 9:51's 12K $1.3563/$1.3556 (3K/9K).
09:52-10:00, after one no-trades minute, did a drop on 9:53-:54's~6.8K $1.35->$1.34, 9:57's 10K $1.34 block, and 10:00's 11.9K $1.33/4.
10:01-10:31, after one no-trades minute, stepped up and began very low/no-volume $1.34/5 on 10:02's 270 $1.3435/$1.35. B/a at 10:10 was 9.9K:2.6K $1.34/5. Volume was interrupted by 10:11's 10K $1.3410 block. B/a at 10:12 was 9.8K:2.8K $1.34/5. The period ended on 10:31's 285 $1.3436.
10:32-15:56, after four no-trades minutes, stepped up on 10:36-37's 6.9K $1.3450->$1.35->$1.36 and 10:43's 100 $1.3750 and did very low/no-volume $1.37/$1.3750 through 10:52. Price then did a low/no-volume sag through 10:55 to $1.35 and began very low/no-volume $1.35/6. B/a at 11:30 was 31.2K:3.7K $1.35/6. Volume was interrupted by 11:42's 14.2K $1.35/$1.3501 (7.2K/7K). B/a at 11:54 was 22.4K:3.9K $1.35/6, 12:11 21/3K:5.5K $1.35/6. Volume was interrupted by 12:58-13:00's 12K $1.35/6->$1.3550->$1.3590->$1.3550. B/a at 13:07 was 19.3K:2.7K $1.35/6. Volume was interrupted by 13:09-:10's 7K $1.3550/$1.3593. 13:24-13:53 power loss my site. B/a 14:23 28.3K:8.8K 1.35/6. Volume was interrupted by 14:50's~18.7K (incl 13,996 $1.35 blk) $1.35. B/a at 15:00 was 9.5K:6K $1.35/6, 15:49 10.8K:2.9K $1.35/6. The period ended on 15:56's 600 $1.3550.
15:57-16:00 produced normal EOD volatility, albeit generally low volume with 15:57's 9.4K $1.3550->$1.35->$1.3563->$1.34, 15:58's 2.3K $1.34->$1.3450->$1.55, 15:59's 731 $1.34->$1.36 (100), and the period and day ended on 16:00's 200 $1.35.
There were no AH trades.
Excluding the opening and closing trades (didn't qualify), there were 11 larger trades (>=5K & 3 4K+) totaling 85,096, 39.45% of day's volume, with a $1.3483 VWAP. For this day's volume both the count and percentage of day's volume are higher than normal. Several "larger larger trade" account for the higher percentage.
On the traditional TA front, movements were:Ending Period Period Period __Per. Trade_ Period_ % Day_ Per. End
Period Volume Low High _Dollar Val._ VWAP___ Volume Buy ~%
09:51 34925 $1.3500 $1.3900 $47,459.69 $1.3589 16.19% 56.74% Incl 09:48 $1.3548 4,000 09:51 $1.3556 9,000
10:00 28550 $1.3300 $1.3500 $38,256.50 $1.3400 13.24% 68.91% Incl 09:57 $1.3400 10,000 10:00 $1.3400 8,200
10:31 28793 $1.3400 $1.3500 $38,680.83 $1.3434 13.35% 54.54% Incl 10:11 $1.3410 10,000 10:30 $1.3400 4,300
15:56 110176 $1.3450 $1.3750 $149,059.65 $1.3529 51.08% 39.26% Incl 11:42 $1.3500 7,000 $1.3501 7,000
12:58 $1.3600 7,500 14:50 $1.3500 13,996
16:00 12645 $1.3400 $1.3600 $17,111.99 $1.3533 5.86% 41.59% Incl 15:57 $1.3563 4,100
The combination of lower low, high and close, especially of those sizes, combined with a big rise in volume tells this story. We may get lucky and remain in short-term consolidation, but right now it doesn't look likely.__Open_ ___Low_ __High_ _Close_ Volume_
Today 0.00% -3.62% -2.11% -2.88% 169.27%
Prior -2.11% 0.00% -0.50% 0.00% -58.46%
On my minimal chart, we had one good thing and the rest bad.
The good thing is even though we penetrated the $1.34 price-point support we did manage to close above it. The first item of bad news is the we did penetrate it. History says we should have a lower low tomorrow.
The rest of the bad news includes not only did we penetrate the above support but we also penetrated and closed below the longer-term rising support we had just moved above (rising white line) and did so on rising and relatively strong, for us, volume. This indicates there is rising strength in the move lower. The experimental 13-period Bollinger band limits continue converging and now both are falling, dragging the mid-point rapidly lower. Last, if we do confirm the break below those two supports, which I expect, the next stop is $.25 and I can't say that will be a strong support.
On my one-year chart the 10 and 20-day SMAs continue descending and are below the 50-day. The 10-day is also below the 200. The 50-day stopped rising and has gone flat. If we hold the current range the 10 and 20-day will continue declining, the 20 quite rapidly and still looks on track to cross below the 200-day in roughly a week. If we hold this range the 50-day will immediately begin to decline.
All the oscillators I watch weakened. MFI (untrusted by me) remains in oversold, Williams %R re-entered oversold and RSI is just above oversold. Full stochastic is exactly at neutral. Everything else is also below neutral.
The experimental 13-period Bollinger limits, $1.3166 and $1.4803 ($1.3196 and $1.4958 yesterday) are now both falling as well as still converging. I expect the lower limit will get a push lower tomorrow and the limits will begin diverging again with a rising rate of fall on the lower limit.
All in, bad ju-ju here.
Percentages for daily short sales and buys moved in opposite directions but we might consider buy percentage flat (-48 basis point change). Daily short percentage moved to near the top of my desired range (needs re-check). Buy percentage is well below what's needed for sustainable appreciation and with short percentage on the high side we have near-term weakening suggested.
The spread expanded thanks to a $1.39 open and plunge by 10:00 to $1.33. Combined with Friday's AH filing to expand the ATM usage, seen as negative by the market I would guess, and today's substantial drop in trading range I think we have entered a down leg an this spread suggests more near-term weakness.
The VWAP's last twenty-four readings again deteriorated, going from 18 negative and 6 positives to 19 and 5 respectively. Change since 08/22 is -$0.2344, -14.79%, and the averages of the rolling 24-day period seen in the last few days (latest first) finally deteriorated for the second consecutive day and are now -0.6109%, -0.3949%, -0.3681%, -0.3757%, -0.5054%, -0.4416%, -0.2697%, -0.2275%, -0.1731%, and -0.1117%.
All in, I see only near-term weakness suggested.
Bill
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