{"id":282870,"date":"2013-01-25T10:51:46","date_gmt":"2013-01-25T05:21:46","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=282870"},"modified":"2013-01-25T10:54:22","modified_gmt":"2013-01-25T05:24:22","slug":"analysis-whirlpool","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/01\/25\/analysis-whirlpool\/","title":{"rendered":"Analysis: WHIRLPOOL"},"content":{"rendered":"

Today\u2019s pick is WHIRLPOOL [stockquote]WHIRLPOOL[\/stockquote]. The stock started has been on an uptrend since the beginning of the year and experienced the 52 weeks high of Rs. 290 in December. However currently it is undergoing a double top formation, a few more close below Rs. 265 levels will confirm the same. In the last three months, the stock has moved +1%<\/strong><\/b> vs. +6% of the Nifty\u2019s. <\/p>\n

\"WHIRLPOOL<\/a> <\/p>\n

Oscillators RSI<\/a> and CMO<\/a> are hovering close to the over-sold territory but are not suggesting any direction. The stock is below the lower Bollinger band<\/a>, which is bullish<\/b> for the stock. <\/p>\n

The MACD<\/a> line and signal line are moving away from each other and unable to suggest any short-term direction. Long-term and short-term GMMA<\/a> lines are moving very close to each other and are unable to point towards any direction for the scrip. <\/p>\n

\"WHIRLPOOL<\/a> <\/p>\n

WHIRLPOOL\u2019s average correlation<\/a> with the Nifty<\/a> is Zero<\/strong>. The scrip will be moving independent of the movement of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

\"WHIRLPOOL<\/a> <\/p>\n

WHIRLPOOL has a historical volatility<\/a> in the range of 0.4 to 1.0. The scrip\u2019s volatility is currently in the lower end of the range. <\/p>\n

Given these technicals, we suggest a short-term Sell. <\/b>A longer term call could be taken if the stock is able to penetrate through the Rs. 290 resistance. <\/p>\n

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