Bullish intermediate-to-long-term uptrend with a short-term pullback.
Classic bullish alignment order of moving averages with shorter-period MA’s sit above longer-period ones.
5-day (19.25) > 20-day (18.92) > 50-day (17.28) > 100-day (16.48) > 200-day (15.96) ≈ YTD (16.02).
This upward-sloping structure shows that more recent prices have been higher than older ones, confirming an established uptrend.
Current price 18.87 is below the 5-day MA (19.25) but well above the 20-day and all longer MAs.
This is typical of a short-term correction/pullback inside a larger uptrend.
Price-change column reinforces the same picture:
5-day: 0.19 (−1.00%) → recent softness
20-day and longer: solidly positive (+5.65% to +26%), with the strongest gains on the 50- to 100-day horizons.
The market is in a clear intermediate to long term uptrend. The only soft spot is the very short term (price trading under the 5-day MA after a 1% down day). As long as price holds above the rising 20-day MA (~18.92), the broader bullish structure remains intact.
Tim Healy
Broker
Pure Hedge Division
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