The weekly table of Mosaic Company (MOS) reveals an important technical development as well as the company is heading to its report on gains.
Mosaic has been in a prolonged downward trend since its summit in April 2022, but the action of prices shows signs of life just before the report on this week's results.
The graph shows that MOS recently rebounded near Fibonacci's retracement of 78.6% of its rally from March 2020 to April 2022, around $ 22. This rebound was significant because it pushed the price above its long-standing down resistance line.
Interestingly, while Price has lowered the stockings during this recent stage, the relative force index (RSI) has formed higher stockings since July 2024, creating a bullish divergence. This points out to weaken the momentum downwards and possibly a reversal of the current trend (drop).
Conclusion: the break above the downward trend line, combined with a divergence raised on the RSI, refers to a change in potential trend. However, future gains could be a key catalyst that determines whether this break holds or fails.
Kroger shows how 1988 still counts
Kroger's monthly table (KR) reveals a remarkable long -term model where the 1988 price levels continue to guide today's market action.
The top of October 1988 and the bottom of December 1988 provided the base of the levels of fibonacci extension drawn on the graph. Quick advance of almost four decades, and KR has now achieved its objective of extension of Fibonacci 11.09 around $ 71, which underlines the way in which long -term technical analysis can remain relevant.
We can also notice how Kroger has repeatedly formed the same type of consolidation diagram below the high keys (especially in March 1999 and December 2015). Currently, because the RSI has not yet reached exaggerated territory (above 70), the price could still have a momentum to continue its upward trend towards its next level of Fibonacci.
The CNP rally stretches: time for a step back?
The daily table of Centerpoint Energy (CNP) shows a strong and accelerated rise. The CNP first broke out above its 200-day exponential mobile average (EMA) in the fourth quarter of 2024, a classic upper signal. Since then, the price has rebounded first on its 200 -day EMA, then, on its next decline, tightened its EMA at 100 days, followed by the next retrace towards its 50 -day EMA and finally on its 21 -day EMA, showing that the accumulation is intensifying.
However, the trend can be overheated. Historically, steep trends often stop or retreat to digest the gains before resuming higher.
Conclusion:
The CNP trend remains decisively optimistic, supported by the alignment of EMA 21, 50, 100 and 200, stacked from top to bottom, which is a bullish manual. But with the current price which moves away from its nearest exponential mobile average, and each EMA contacts each other, that is to say accelerating the upward trend, we can consider waiting for a retreat, ideally towards zone 21 or 50 EMA, before entering a new long position.
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