Is this stock likely to have a decent sp increase in the next week or two? I noticed that there was 47 trades in the previous close at a total of 21mil volume, yet the sp didn't change.
In the market depth (20) there is a total buyers volume of 386mil and sellers volume of 300mil. Not a 'huge' difference between the 2. And the buyers volume is higher in the top 5.
I noticed that the price hasn't moved in quite a few days yet there has been a lot of volume. I also noticed that the DMI- looks set to cross above the DMI+ in the next day or two. And the MACD EMA(9) crossed above the MACD(12,26) on the 5/11 and both have continued a slow descent with the MACD EMA(9) still above.
Can someone explain some of this to me please. Am I on the correct path with my analysis of the information?
Thanks
NWT Price at posting:
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