If you do not understand Stock Charts nor technical analysis but you need help making successful trading decisions, then EzFibs is for you. If you are a technical expert and need a second opinion, then EzFibs is also for you.
EzFibs will perform a technical analysis of a stock's one year price history, like the experts do. Three strength indicators, Fibonacci support and resistance levels along with the very important early Buy and Sell signals.
Version 4.0 came in response to requests from users, who expressed their prefererance for a bigger, more visible chart display, as well as buy/sell signal settings.
A big improvement over earlier versions, is the addition of a MACD bullish/bearish divergence detection indicator, as seen in the figure above. For those not familiar with the MACD indicator, is the following explanation from stockcharts.com:
A Positive Divergence MACD begins to advance and the security is still in a downtrend and makes a lower reaction low. MACD can either form as a series of higher Lows or a second Low that is higher than the previous Low. Positive Divergences are probably the least common of the three signals, but are usually the most reliable, and lead to the biggest moves.
A Negative Divergence forms when the security advances or moves sideways, and the MACD declines. The Negative Divergence MACD can take the form of either a lower High or a straight decline. Negatives are probably the least common of the three signals, but are usually the most reliable, and can warn of an impending peak.
Light green rectangles represent Bullish MACD divergence areas on the stock chart , while bearish MACD divergences are represented by red rectangles. A more intuitive control panel now shows an easier to read stock strength indicator. The stock strength indicator translates the stock's trend strength into a percentage value, turning green as the stock trend turns positive or red when the trend head into negative territory.
