Moving Average Analysis of PNRA

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From the Weekend Report 11/5/2010: The MACD Cycle is in phase one here, with PNRA 16.00 % above the 200 bar SMA, increasing the distance over the week.

Recent Averages with Candlestick Chart. of Panera Bread Company

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Different ways of averaging are tested on PNRA stock prices for their ability to predict trend movements. Techniques available include moving weighted or exponential averages of various periods and the family of MACD (Moving Average Convergence Divergence) indicators.

Unfortunately, some of the most popular indicators of this type can prove to be the worst forcasting indicators. The effectiveness of these methods as applied to PNRA stock price trend evaluation is tested on the next page.

The 200 session average is red, the 20 bar, green. The un-sophisticated moving averages plotted here are un-weighted, but they still may return better results than many of the more popular, highly tuned averages seen in some of the following sections. Commonly, speculators will use exponential averages or weighting techniques to emphasize the most recent data. But past a certain point, such front weighting can dramatically increase false signals. Norman Fosback pointed out that a legitimate signal should be one that is clearly evident through a variety of averaging methods.

Moving Average Convergence of Panera Bread Company

	Companies In the News
	Monday, November 15, 2010: We have news on PG&E Corporation, ticker symbol PCG. A significant moving average event has happened. Also, there are breaking events concerning Cree, Inc. and Abbott Laboratories. From the News Archive: (11/12/2010 ) A favorable event happened at PetSmart, Inc. Meanwhile, bad news came from Intel, Chesapeake Energy Corporation, and JP Morgan Chase.

MACD analysis is dangerously suited for overtuning, since it may use any of an infinite number of averaging methods and coefficients. In addition to crossover signals based on moving averages, many analysts add a trigger line which is based on some average of the first two averages. Here we depict the results of 12 and 26 session Exponential Moving Averages. The exponential coefficient used here is .18. There is nothing magic about these parameters, but these are frequently seen.

Float the cursor for a longer term chart.

Moving Average Convergence Divergence, or MACD, produces buy or sell signal that are color tinted here.

	.
Moving Avg. 20/200 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 22 instances
Future30SesAvgClose	-0.23 % minus 1.41 % = -1.64 %	-13.92 %
Future5SesAvgClose	-0.20 % minus 0.31 % = -0.50 %	-25.54 %
Future2SesAvgClose	-0.06 % minus 0.16 % = -0.22 %	-27.86 %
Sell Signals - 22 instances
Future30SesAvgClose	-0.43 % minus 1.41 % = -1.84 %	-15.57 %
Future5SesAvgClose	-0.35 % minus 0.31 % = -0.65 %	-33.14 %
Future2SesAvgClose	0.14 % minus 0.16 % = -0.02 %	-2.35 %
	.
Moving Avg. 5/20 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 151 instances
Future30SesAvgClose	1.53 % minus 1.41 % = 0.12 %	1.01 %
Future5SesAvgClose	0.17 % minus 0.31 % = -0.13 %	-6.84 %
Future2SesAvgClose	0.32 % minus 0.16 % = 0.16 %	20.89 %
Sell Signals - 152 instances
Future30SesAvgClose	-0.30 % minus 1.41 % = -1.71 %	-14.50 %
Future5SesAvgClose	-0.65 % minus 0.31 % = -0.96 %	-48.60 %
Future2SesAvgClose	-0.52 % minus 0.16 % = -0.68 %	-86.09 %
	.
Moving Avg. 5/200 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 41 instances
Future30SesAvgClose	1.09 % minus 1.41 % = -0.32 %	-2.72 %
Future5SesAvgClose	1.12 % minus 0.31 % = 0.82 %	41.42 %
Future2SesAvgClose	0.86 % minus 0.16 % = 0.71 %	89.80 %
Sell Signals - 41 instances
Future30SesAvgClose	-0.79 % minus 1.41 % = -2.20 %	-18.63 %
Future5SesAvgClose	-0.51 % minus 0.31 % = -0.82 %	-41.46 %
Future2SesAvgClose	-0.25 % minus 0.16 % = -0.40 %	-51.02 %
	.
MACD 12/26 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 474 instances
Future30SesAvgClose	1.78 % minus 1.41 % = 0.37 %	3.09 %
Future5SesAvgClose	0.38 % minus 0.31 % = 0.08 %	3.90 %
Future2SesAvgClose	0.24 % minus 0.16 % = 0.09 %	10.93 %
Sell Signals - 475 instances
Future30SesAvgClose	1.62 % minus 1.41 % = 0.21 %	1.78 %
Future5SesAvgClose	0.31 % minus 0.31 % = 0.01 %	0.30 %
Future2SesAvgClose	0.24 % minus 0.16 % = 0.08 %	10.63 %
	.
MACD 12/26 Signal	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 643 instances
Future30SesAvgClose	1.79 % minus 1.41 % = 0.38 %	3.22 %
Future5SesAvgClose	0.35 % minus 0.31 % = 0.05 %	2.44 %
Future2SesAvgClose	0.19 % minus 0.16 % = 0.03 %	4.21 %
Sell Signals - 643 instances
Future30SesAvgClose	1.86 % minus 1.41 % = 0.44 %	3.75 %
Future5SesAvgClose	0.48 % minus 0.31 % = 0.17 %	8.69 %
Future2SesAvgClose	0.21 % minus 0.16 % = 0.06 %	7.07 %
	.
Calibrated M by Q Half Cycle Moving Avg.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 307 instances
Future30SesAvgClose	0.27 % minus 1.41 % = -1.14 %	-9.64 %
Future5SesAvgClose	-0.15 % minus 0.31 % = -0.45 %	-23.05 %
Future2SesAvgClose	0.02 % minus 0.16 % = -0.14 %	-17.89 %
Sell Signals - 307 instances
Future30SesAvgClose	1.74 % minus 1.41 % = 0.33 %	2.79 %
Future5SesAvgClose	0.57 % minus 0.31 % = 0.26 %	13.34 %
Future2SesAvgClose	0.34 % minus 0.16 % = 0.18 %	23.44 %
	.
Calibrated M by Q Full Cycle Moving Avg.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 203 instances
Future30SesAvgClose	0.80 % minus 1.41 % = -0.61 %	-5.17 %
Future5SesAvgClose	0.14 % minus 0.31 % = -0.16 %	-8.16 %
Future2SesAvgClose	0.30 % minus 0.16 % = 0.14 %	17.89 %
Sell Signals - 203 instances
Future30SesAvgClose	2.14 % minus 1.41 % = 0.72 %	6.11 %
Future5SesAvgClose	0.72 % minus 0.31 % = 0.41 %	20.90 %
Future2SesAvgClose	0.38 % minus 0.16 % = 0.23 %	28.67 %
	.
Projected Crossing of SMA 20/200.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 22 instances
Future30SesAvgClose	-0.90 % minus 1.41 % = -2.32 %	-19.61 %
Future5SesAvgClose	0.76 % minus 0.31 % = 0.45 %	22.92 %
Future2SesAvgClose	1.34 % minus 0.16 % = 1.18 %	150.42 %
Sell Signals - 24 instances
Future30SesAvgClose	1.18 % minus 1.41 % = -0.24 %	-2.01 %
Future5SesAvgClose	0.87 % minus 0.31 % = 0.57 %	28.95 %
Future2SesAvgClose	0.98 % minus 0.16 % = 0.83 %	105.08 %
	.
Projected Crossing of SMA 5/20.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 158 instances
Future30SesAvgClose	3.27 % minus 1.41 % = 1.85 %	15.70 %
Future5SesAvgClose	1.08 % minus 0.31 % = 0.77 %	39.21 %
Future2SesAvgClose	0.48 % minus 0.16 % = 0.32 %	40.67 %
Sell Signals - 146 instances
Future30SesAvgClose	0.44 % minus 1.41 % = -0.97 %	-8.22 %
Future5SesAvgClose	0.14 % minus 0.31 % = -0.16 %	-8.29 %
Future2SesAvgClose	0.07 % minus 0.16 % = -0.08 %	-10.39 %
	.

The best buy signal for 30 future sessions was 1.85 % from the Projected Crossing of SMA 5/20.,and the best sell signal for was -2.20 % from the Moving Avg. 5/200 Divergence.

For 5 future sessions the best buy signal was 0.82 % from the Moving Avg. 5/200 Divergence,and the best sell signal was -0.96 % from the Moving Avg. 5/20 Divergence.

The best buy signal for 2 future sessions was 1.18 % from the Projected Crossing of SMA 20/200.,and the best sell signal was -0.68 % from the Moving Avg. 5/20 Divergence.

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