InvestorsHub Logo

holt69

08/24/16 2:28 PM

#48938 RE: Stcgg #48922

Here's something interesting with that website:

For the long-term, it has UWTI rated "very bearish" and DWTI "bearish".

What's interesting about that is those stocks move in opposite directions of each other (UWTI goes up when the price of oil goes up, and DWTI does the opposite). It's essentially predicting oil to go down and up in the long-term. Doesn't make too much sense, does it? It's clearly placing too much weight on the wrong types of data that it uses to predict future PPS. Incredibly unreliable. Technical analysis? Not so much.