Moody's Corp ( MCO) cut their guidance and the 2022 year, and prices quickly reacted with a gap lower opening. The rating company reported earnings that were inline with estimates and beat on revenue. Let's check out the charts and indicators. 
In this daily bar chart of MCO, below, we can see that prices gapped lower and sank sharply before some early intraday recovery. MCO broke the March low. Prices are below the declining 50-day moving average line and the declining 200-day line.
The On-Balance-Volume (OBV) line declined into late January and then bounced to early April. The OBV line shows some weakness again in the past four weeks. The Moving Average Convergence Divergence (MACD) oscillator recently moved below the zero line for a new sell signal.
In this weekly Japanese candlestick chart of MCO, below, we do not have today's data points plotted. Prices are trading below the declining 40-week moving average line. Prices are trading below the March low but we have to use our imagination. The $280-$260 area may provide some support but in this weak broad market environment I would not count on support holding.
The weekly OBV line is pointed lower and the MACD oscillator is bearish.
In this daily Point and Figure chart of MCO, below, we can see that prices reached and exceeded a downside price target of $296. Point and Figure charts do not show price gaps by the way. The custom is to fill in the X's or O's as if prices had actually traded there.
In this weekly Point and Figure chart of MCO, below, we can see a potential downside price target in the $229 area.
Bottom line strategy: MCO could rebound temporarily but the downtrend is likely to continue. Avoid the long side of MCO.
