AGL Energy Ltd (ASX:AGL) Bearish Trend
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles. During the past 50 bars, there have been 30 white candles and 18 black candles for a net of 12 white candles.
Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white (which is the case with AGL ENERGY FPO) then this suggests that the uptrend should continue.
If the separating lines occur during a downtrend (which appears to be the case with AGL ENERGY FPO) and the first line is white and the second is black (which is not the case with AGL ENERGY FPO) then this suggests that the downtrend should continue.
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 18.7097. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 5 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 35.50. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 27 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 -95. This is not a topping or bottoming area. The last signal was a buy 7 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 sell 22 period(s) ago.
Rex Takasugi – TD Profile
AGL ENERGY FPO closed up 0.060 at 18.810. Volume was 30% below average (neutral) and Bollinger Bands were 129% wider than normal.
Open High Low Close Volume___
18.760 18.890 18.720 18.810 1,484,259
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 18.98 19.67 18.45
Volatility: 16 22 21
Volume: 2,091,071 2,319,047 2,010,363
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.
AGL ENERGY FPO is currently 1.9% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of AGL.AX (mildly bearish). Our trend forecasting oscillators are currently bearish on AGL.AX and have had this outlook for the last 11 periods.
Latest posts by HEFFX Australia (see all)
- Aristocrat Leisure Limited (ASX:ALL) Heffx Trading Outlook - February 27, 2017
- Breville Group Ltd (ASX:BRG) Heffx Trading Outlook - February 27, 2017
- Nextdc Ltd (ASX:NXT) Technical Analysis Overbought Condition - February 27, 2017