Moving Average Indicators for RRC

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From the Weekend Report 3/12/2010: There has not been much change in the phase of the 200 day moving average since this time last week.

RRC: Recent Averages with Candlestick Chart.

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Different ways of averaging are tested on RRC 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 RRC 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. It is always possible to fine tune an exponential or other weighted average so that it seems to outperform a simple average in a given situation. However, over-tuning can increase false and misleading indicators. Norman G. Fosback has noted that legitimate signals of this sort will normally be evident through a variety of averaging methods.

	Companies In the News
	Friday, March 19, 2010: We have news on American Tower Corporation, ticker symbol AMT. Signs of an over-bought condition have become noticable. Also, there are breaking events concerning L-3 Communications Holdings, Inc. and Sempra Energy. From the News Archive: (3/18/2010 ) Bad news came from Mylan Inc., TECO Energy, Inc., MicroSoft, and Simon Property Group, Inc.

MACD analysis can use any of an infinite number of averaging methods and coefficients. Also, 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.

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Moving Avg. 20/200 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 11 instances
Future30SesAvgClose	1.40 % minus 1.83 % = -0.43 %	-3.65 %
Future5SesAvgClose	1.20 % minus 0.38 % = 0.82 %	41.91 %
Future2SesAvgClose	1.37 % minus 0.19 % = 1.18 %	149.84 %
Sell Signals - 11 instances
Future30SesAvgClose	4.45 % minus 1.83 % = 2.62 %	22.20 %
Future5SesAvgClose	1.65 % minus 0.38 % = 1.27 %	64.75 %
Future2SesAvgClose	1.22 % minus 0.19 % = 1.03 %	131.00 %
	.
Moving Avg. 5/20 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 124 instances
Future30SesAvgClose	1.76 % minus 1.83 % = -0.07 %	-0.58 %
Future5SesAvgClose	-0.20 % minus 0.38 % = -0.58 %	-29.54 %
Future2SesAvgClose	-0.42 % minus 0.19 % = -0.61 %	-77.46 %
Sell Signals - 123 instances
Future30SesAvgClose	0.20 % minus 1.83 % = -1.63 %	-13.81 %
Future5SesAvgClose	-0.06 % minus 0.38 % = -0.44 %	-22.54 %
Future2SesAvgClose	0.02 % minus 0.19 % = -0.17 %	-22.10 %
	.
Moving Avg. 5/200 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 25 instances
Future30SesAvgClose	2.75 % minus 1.83 % = 0.93 %	7.85 %
Future5SesAvgClose	0.55 % minus 0.38 % = 0.17 %	8.63 %
Future2SesAvgClose	-0.27 % minus 0.19 % = -0.47 %	-59.19 %
Sell Signals - 25 instances
Future30SesAvgClose	1.25 % minus 1.83 % = -0.58 %	-4.87 %
Future5SesAvgClose	-0.39 % minus 0.38 % = -0.77 %	-39.23 %
Future2SesAvgClose	0.13 % minus 0.19 % = -0.06 %	-7.34 %
	.
MACD 12/26 Divergence	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 418 instances
Future30SesAvgClose	1.72 % minus 1.83 % = -0.10 %	-0.87 %
Future5SesAvgClose	0.08 % minus 0.38 % = -0.30 %	-15.07 %
Future2SesAvgClose	0.06 % minus 0.19 % = -0.13 %	-16.97 %
Sell Signals - 418 instances
Future30SesAvgClose	1.52 % minus 1.83 % = -0.31 %	-2.63 %
Future5SesAvgClose	0.05 % minus 0.38 % = -0.33 %	-16.53 %
Future2SesAvgClose	-0.01 % minus 0.19 % = -0.20 %	-25.72 %
	.
MACD 12/26 Signal	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 570 instances
Future30SesAvgClose	1.94 % minus 1.83 % = 0.12 %	0.99 %
Future5SesAvgClose	0.29 % minus 0.38 % = -0.08 %	-4.27 %
Future2SesAvgClose	0.08 % minus 0.19 % = -0.11 %	-14.04 %
Sell Signals - 569 instances
Future30SesAvgClose	1.94 % minus 1.83 % = 0.12 %	0.99 %
Future5SesAvgClose	0.37 % minus 0.38 % = -0.01 %	-0.50 %
Future2SesAvgClose	0.24 % minus 0.19 % = 0.04 %	5.62 %
	.
Calibrated M by Q Half Cycle Moving Avg.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 254 instances
Future30SesAvgClose	0.80 % minus 1.83 % = -1.03 %	-8.74 %
Future5SesAvgClose	0.07 % minus 0.38 % = -0.31 %	-15.66 %
Future2SesAvgClose	0.01 % minus 0.19 % = -0.19 %	-23.52 %
Sell Signals - 256 instances
Future30SesAvgClose	1.65 % minus 1.83 % = -0.18 %	-1.52 %
Future5SesAvgClose	0.18 % minus 0.38 % = -0.20 %	-9.99 %
Future2SesAvgClose	0.18 % minus 0.19 % = -0.02 %	-2.08 %
	.
Calibrated M by Q Full Cycle Moving Avg.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 172 instances
Future30SesAvgClose	0.52 % minus 1.83 % = -1.31 %	-11.10 %
Future5SesAvgClose	-0.65 % minus 0.38 % = -1.03 %	-52.15 %
Future2SesAvgClose	-0.56 % minus 0.19 % = -0.76 %	-95.98 %
Sell Signals - 173 instances
Future30SesAvgClose	1.97 % minus 1.83 % = 0.15 %	1.25 %
Future5SesAvgClose	0.44 % minus 0.38 % = 0.06 %	3.05 %
Future2SesAvgClose	0.36 % minus 0.19 % = 0.17 %	21.18 %
	.
Projected Crossing of SMA 20/200.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 15 instances
Future30SesAvgClose	1.22 % minus 1.83 % = -0.61 %	-5.15 %
Future5SesAvgClose	-0.15 % minus 0.38 % = -0.53 %	-26.92 %
Future2SesAvgClose	-0.54 % minus 0.19 % = -0.73 %	-93.20 %
Sell Signals - 14 instances
Future30SesAvgClose	6.14 % minus 1.83 % = 4.32 %	36.55 %
Future5SesAvgClose	0.75 % minus 0.38 % = 0.37 %	19.04 %
Future2SesAvgClose	-0.13 % minus 0.19 % = -0.32 %	-40.63 %
	.
Projected Crossing of SMA 5/20.	Signaled Appreciation minus non-signaled Appreciation	Annualized %
Buy Signals - 138 instances
Future30SesAvgClose	1.83 % minus 1.83 % = 0.00 %	0.02 %
Future5SesAvgClose	0.71 % minus 0.38 % = 0.33 %	17.00 %
Future2SesAvgClose	0.65 % minus 0.19 % = 0.45 %	57.77 %
Sell Signals - 124 instances
Future30SesAvgClose	0.78 % minus 1.83 % = -1.05 %	-8.90 %
Future5SesAvgClose	-0.35 % minus 0.38 % = -0.73 %	-36.98 %
Future2SesAvgClose	-0.28 % minus 0.19 % = -0.48 %	-60.46 %
	.

The best buy signal for 30 future sessions was 0.93 % from the Moving Avg. 5/200 Divergence,and the best sell signal for was -1.63 % from the Moving Avg. 5/20 Divergence.

For 5 future sessions the best buy signal was 0.82 % from the Moving Avg. 20/200 Divergence,and the best sell signal was -0.77 % from the Moving Avg. 5/200 Divergence.

The best buy signal for 2 future sessions was 1.18 % from the Moving Avg. 20/200 Divergence,and the best sell signal was -0.48 % from the Projected Crossing of SMA 5/20..

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