Aconex Ltd (ASX:ACX) Long Term Bearish Projection
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 6.27.
The projected lower bound is: 5.06.
The projected closing price is: 5.67.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 16 white candles and 32 black candles for a net of 16 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 79.2929. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 70.15. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 19 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 170.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 18 period(s) ago.
Rex Takasugi – TD Profile
ACONEX FPO closed up 0.140 at 5.670. Volume was 47% below average (neutral) and Bollinger Bands were 0% narrower than normal.
Open High Low Close Volume___
5.600 5.830 5.550 5.670 921,121
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 5.21 4.99 6.32
Volatility: 52 74 62
Volume: 811,209 1,735,858 1,272,877
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
ACONEX FPO is currently 10.3% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into ACX.AX (mildly bullish). Our trend forecasting oscillators are currently bullish on ACX.AX and have had this outlook for the last 10 periods. Our momentum oscillator is currently indicating that ACX.AX is currently in an overbought condition.
Latest posts by HEFFX Australia (see all)
- Auckland International Airport Ltd (ASX:AIA) Heffx Trading Outlook - January 22, 2017
- Washington H. Soul Pattinson and Co. Ltd (ASX:SOL) Heffx Trading Outlook - January 22, 2017
- REA Group Limited (ASX:REA) Heffx Technical Analysis with Candlesticks - January 22, 2017