Here's another way to chart the stock. Instead of plotting the stock price, try plotting the P/E and trailing annual EPS growth rate. I did this for ANLT. Interestingly, the P/E and EPS growth functions were not particularly related to each other.
Of more interest was that the P/E showed a rising trend that looked like a stock price chart, but with somewhat wider swings. This is not surprising as P/E is simply another way to present the same information as the stock price, simply with a coordinate transformation. (Plotting stock price on a semi-log graph instead of a regular graph is an analogous transformation that is commonly used to bring more meaning to price trendline analysis.)
I tried straightforward trendline analysis with the P/E, much as you would with a price plot. There is a fairly good trendline that runs throught the bottoms. This trendline predicts a P/E of ca. 28 for the current period. With EPS of 0.86 this suggests a stock price of ca. 24 as the bottom.
The regression line through the P/E data is consistent with a price of about 33. This suggests buying below 33 during this quarter is good entry point for long-term investors.
I wonder if other TA tools may give interesting results with a P/E plot. Anyone ever do anything like this?
Amid all this turmoil I'd expect some indication from the analysts that have been onboard of renewed or eroded confidence and hope for some new positions to be taken by analysts on the sidelines. The fact there has been NOTHING from either and that the company remains moot hardly instills confidence.