Negative Candidate (Medium term) - Jul 9, 2004 TADPOLE TECH. ORD 10P is in a falling trend and a continued decline within this trend may be expected. However, the price is now close to the bottom of the trend channel, which may give a reaction up. Gave a negative signal from a rectangle formation by the break down through the support at 14.70. Further fall to 11.67 or lower is signaled. The stock has broken down through the support at p 15.40. This predicts a further decline. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal for a coming trend break. RSI is oversold. The stock can still fall further, and we should see an increasing RSI before this is used as a positive signal. The stock is overall assessed as technically negative for the medium long term.
Negative Candidate (-79) (Overall analysis) - Jul 9, 2004Score explanation TADPOLE TECH. ORD 10P is technically negative for the short and medium term, and neutral for the long term.
Negative Candidate (-88) (Short term) Has broken down through the floor of the falling trend channel, which signals an even stronger falling rate. The negative development, however, may give rise to short term corrections up from today's level. It also gave a negative signal from a rectangle formation at the break down through the support at 14.70. Further fall to 11.67 or lower is signaled. The stock has resistance at p 15.10. RSI is oversold, which indicates a potential short-term reaction up. The RSI curve shows a falling trend, which supports the negative trend. The stock is overall assessed as technically negative for the short term.
Negative Candidate (-91) (Medium term) TADPOLE TECH. ORD 10P is in a falling trend and a continued decline within this trend may be expected. However, the price is now close to the bottom of the trend channel, which may give a reaction up. Gave a negative signal from a rectangle formation by the break down through the support at 14.70. Further fall to 11.67 or lower is signaled. The stock has broken down through the support at p 15.40. This predicts a further decline. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal for a coming trend break. RSI is oversold. The stock can still fall further, and we should see an increasing RSI before this is used as a positive signal. The stock is overall assessed as technically negative for the medium long term.
Neutral (-8) (Long term) Has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Is moving within a rectangle formation between support at 1.39 and resistance at 23.96. A decisive break through one of these levels indicates the new direction for the stock. The stock has support at p 5.80 and resistance at p 19.00. The stock is overall assessed as technically neutral for the long term. The TA above is not intended as investment advice and is just a snaphot taken on 10 July 2004 from www.investtech.com.