Brambles Limited (ASX:BXB) Stock Worth Watching
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 11.38.
The projected upper bound is: 11.29.
The projected lower bound is: 9.51.
The projected closing price is: 10.40.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 14 white candles and 34 black candles for a net of 20 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 60.9092. This is not an overbought or oversold reading. The last signal was a buy 4 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 29.83. This is where it usually bottoms. 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 sell 25 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 -36. This is not a topping or bottoming area. The last signal was a buy 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 18 period(s) ago.
Rex Takasugi – TD Profile
BRAMB LTD FPO closed up 0.040 at 10.430. Volume was 2% below average (neutral) and Bollinger Bands were 199% wider than normal.
Open High Low Close Volume___
10.480 10.490 10.400 10.430 3,425,101
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 10.41 11.73 12.25
Volatility: 19 50 32
Volume: 4,635,268 3,816,024 3,659,252
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.
BRAMB LTD FPO is currently 14.8% below 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 volume flowing into and out of BXB.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BXB.AX and have had this outlook for the last 12 periods. Our momentum oscillator is currently indicating that BXB.AX is currently in an oversold condition.
We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.
Latest posts by HEFFX Australia (see all)
- Coach Inc (NYSE:COH) Stock Overbought - May 9, 2017
- Twitter Inc (NYSE:TWTR) Heffx Technicals Bearish Divergence - May 8, 2017
- 3M Co (NYSE:MMM) Stock Overbought - May 8, 2017