Tim Healy
9/15/2026
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Bullish Price of 333.875 is above the 5-day MA (331.575) by about 0.7%.
Price is well above the 20-day MA (322.328) by about 3.6%, confirming strong recent upside
momentum.
The 5-day MA is above both the 20-day and 50-day averages, a bullish short-term position.
9-day RSI: 65.83 and 14-day RSI: 59.24 which shows positive momentum without the RSI itself
being above the conventional 70 overbought threshold.
The 20-day MA at 322.328 is rising sharply relative to the recent lows, consistent with improving
intermediate momentum.
Some caution signals to keep in mind would be if price remains below the 100-day, 200-day and YTD average moving forward.
The longer averages are stacked bearishly: 50-day 330.692 < 100-day 343.484 < 200-day 344.709.
Short-term stochastic readings are very elevated:
9-day raw stochastic: 83.94%
9-day %K: 92.00%
9-day %D: 94.67%
14-day %K: 92.58%
14-day %D: 95.05%
That indicates the recent rally has moved toward the upper end of its short-term range and
momentum looks overextended.
The Sept. 15 price is down about 1.18%, following the strong run higher, showing some loss of
immediate upside momentum.
Technical condition very short term Bullish
5–20 day
20–50 day
50–100 day
Bullish / strong momentum
Improving
Mixed 100–200 day Still bearish / overhead
Overall
Short-term recovery within a weaker long-term structure
The most notable technical feature is the conflict between timeframes of short-term averages
and momentum indicators that have turned decisively positive, while the 343.5–347.3 area
represented by the 100-day, 200-day, and YTD averages remains a dense longer-term overhead
technical zone.
At the same time, the very high short-term stochastic readings indicate that the rebound is
extended relative to its recent range, even though the RSI readings are not yet at similarly
extreme levels.
Tim Healy
Broker
Pure Hedge Division
Direct: 1 312 957 4731
thealy@walshtrading.com
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