Alkermes Plc (NASDAQ:ALKS) Heffx Trading Outlook
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 63.74.
The projected lower bound is: 55.74.
The projected closing price is: 59.74.
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 27 white candles and 23 black candles for a net of 4 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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 87.3144. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 3 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 60.89. 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 34 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 174.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 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 buy 2 period(s) ago.
Rex Takasugi – TD Profile
ALKERMES PLC closed up 0.400 at 59.640. Volume was 47% below average (neutral) and Bollinger Bands were 36% narrower than normal.
Open High Low Close Volume___
59.340 60.470 59.270 59.640 575,144
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 57.20 56.25 47.24
Volatility: 49 45 59
Volume: 572,882 950,021 1,055,929
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.
ALKERMES PLC is currently 26.3% above its 200-period moving average and is in an downward 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 ALKS.O (mildly bullish). Our trend forecasting oscillators are currently bearish on ALKS.O and have had this outlook for the last 20 periods.
Latest posts by HEFFX Australia (see all)
- a2 Milk Company Ltd (Australia) (ASX:A2M) Bearish Divergence - February 21, 2017
- Michaels Companies Inc (NASDAQ:MIK) Heffx Trading Outlook - February 20, 2017
- LMI Aerospace (NASDAQ:LMIA) Heffx Trading Outlook - February 20, 2017