Blackmores Limited (ASX:BKL) Heffx Technical Analysis
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
By the way, prices are vulnerable to a correction towards 115.45.
The projected upper bound is: 117.99.
The projected lower bound is: 107.34.
The projected closing price is: 112.66.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 20 white candles and 29 black candles for a net of 9 black candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
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 10.4769. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 7 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 47.41. 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 buy 103 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 -229.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 8 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 2 period(s) ago.
Rex Takasugi – TD Profile
BLACKMORE. FPO closed down -1.100 at 112.700. Volume was 44% below average (neutral) and Bollinger Bands were 5% wider than normal.
Open High Low Close Volume___
113.800 114.110 111.500 112.700 50,364
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 116.38 111.30 131.20
Volatility: 11 31 54
Volume: 42,143 61,269 123,704
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.
BLACKMORE. FPO is currently 14.1% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of BKL.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BKL.AX and have had this outlook for the last 15 periods.
Latest posts by HEFFX Australia (see all)
- Incitec Pivot Ltd (ASX:IPL) Is It too Late to Buy? - November 22, 2017
- Mayne Pharma Group Ltd (ASX:MYX) Stock Worth Watching - November 22, 2017
- Beach Energy Ltd (ASX:BPT) A Look Inside the Technicals - November 22, 2017