Hanstone Posts 4 Solid Bullish Stock Technical Events Hanstone Gold Corp forms bullish "Williams %R" chart pattern
Dec 29, 2021
Trading Central has detected a "Williams %R" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.19.
Tells Me: For bullish events, we seem to be in a new uptrend now that the price has recovered from oversold (dropped below -80 then rose above). The opposite is true for bearish events where we seem to be in a new downtrend now that the price has recovered from overbought. Meanwhile there is clear evidence that the trend has reversed (continued through the -50 level).
Williams %R is built on the premise that as prices increase, "close" prices tend to be closer to the upper end of the recent price range, and vice versa. The oscillator looks at the most recent "close" price as a percentage of the high-to-low price range over a specified period of time (14 bars) so when %R is high, it's likely we're seeing upward pressure, and vice versa. The line fluctuates between 0 and -100 with -20 and -80 often used to identify overbought and oversold conditions.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Hanstone Gold Corp forms bullish "Triple Moving Average Crossover" chart pattern
Dec 29, 2021
Trading Central has detected a "Triple Moving Average Crossover" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.19.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average periods.
Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. In the triple crossover method, a bullish signal is generated when a faster moving average (4 bar) crosses above an intermediate moving average (9 bar), which in turn crosses above a slower moving average (18 bar). In this state, the price is likely in an established uptrend. The opposite is true when the 4 bar crosses below the 9 bar which in turn crosses below the 18 bar, triggering a bearish event.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Hanstone Gold Corp forms bullish "Price Crosses Moving Average" chart pattern
Dec 29, 2021
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.19.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars).
Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Hanstone Gold Corp forms bullish "Commodity Channel Index" chart pattern
Dec 29, 2021
Trading Central has detected a "Commodity Channel Index" chart pattern formed on Hanstone Gold Corp (HANS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.19.
Tells Me: The price is relatively far from its 20-bar average price.
The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars). The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100. Many traders use these as overbought(+100)/oversold(-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event). When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.