- TER rose above its steep, down 45%, 7-month downtrend line in July. Chart 2 reveals that the recent 6-day 11% decline brings TER to the bottom of its 2-month trading range. TER has low trend strength (ADX=19), which means that it is unlikely that the range will be broken. TER should now start to move higher to the upper extreme of its range. The very long-term weekly chart shows that TER has support from its 200-week MA.
RRG analysis from the 8/22/22 TPA-RRG report shows that TER ranks very high and is one of the top 20 stocks. The RRG below shows that TER has moved out of the Lagging quadrant and into the Improving quadrant. The next stop should be the Leading quadrant.
- ANSS broke above its 2022 downtrend line in July. ANSS had fallen 43% from its JAN highs to its June lows. Charts 2 & 3 show the 50DMA and 200DMA. ANSS has declined 11% in 13 days and is now at support from its 50DMA.
RRG analysis from the 8/22/22 TPA-RRG report shows that ANSS ranks very high and is one of the top 20 stocks. The RRG below shows that ANSS has moved out of the Lagging quadrant and into the Improving quadrant. The next stop should be the Leading quadrant.
Relative Rotation Graphs (RRG) – explanation video
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
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