The long-term line for 200-days: MA (MA 200)
The current price of the note is higher than to 200 day Moving average($1.633), thereby showing a medium-term trend of strong bulls.
Like spicy batter, the force underneath the breaking above that is clear.
Relative Strength Index (RSI)
RSI - 75.10, indicating overbought conditions.
Overbought levels often signal potential corrections. However, during times of strong trends, prices can continue to go higher in spite the fact that their RSI levels are sky high.
Moving Average Convergence Divergence (MACD)
The MACD histogram is positive (+0.014), suggesting that the bull is not exhausted.
If the MACD of the stock declines but then stabilizes at higher levels while the MACD signal line continues to fall, this is still a reliable sign that an upward trend in prices will be preserved.
Volume
Trading volume was 31.366 million shares, a big jump. This surge in volume underscores the breakout.
Support And Resistance Zones
Strong Resistance: $2.175(technically a breakout) When the price holds above this level, the next immediate price targets are $2.50-$2.60.
Major Support: $1.90-$2.00.
What a force of resistance it is! Here the cornucopia is still full enough and no hole in it for ecological disaster is foreseen: a bulwark against corrections resulting from overbought conditions.