Beadell Resources (ASX:BDR) Bulls Push Stock Higher
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.
By the way, prices are vulnerable to a correction towards 0.42.
The projected upper bound is: 0.47.
The projected lower bound is: 0.43.
The projected closing price is: 0.45.
During the past 10 bars, there have been 4 white candles and 1 black candles for a net of 3 white candles. During the past 50 bars, there have been 17 white candles and 11 black candles for a net of 6 white candles.
A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).
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 49.9999. 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 63.98. 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 20 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 59. This is not a topping or bottoming area. The last signal was a sell 1 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 5 period(s) ago.
Rex Takasugi – TD Profile
BEADELL FPO closed down -0.002 at 0.450. Volume was 87% below average (consolidating) and Bollinger Bands were 1% wider than normal.
Open High Low Close Volume___
0.450 0.450 0.450 0.450 142,695
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.44 0.42 0.42
Volatility: 34 28 36
Volume: 891,933 1,085,539 1,137,681
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.
BEADELL FPO is currently 8.1% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect moderate flows of volume into BDR.AX (mildly bullish). Our trend forecasting oscillators are currently bullish on BDR.AX and have had this outlook for the last 6 periods.
Latest posts by HEFFX Australia (see all)
- American Express Company (NYSE:AXP) Long Term Trend Upwards - January 20, 2017
- Procter & Gamble Co (NYSE:PG) Heffx Technical Analysis with Candlesticks - January 20, 2017
- International Business Machines Corp (NYSE:IBM) Buy on Dips - January 20, 2017