Capral Limited (ASX:CAA) HEFFX Technicals

Capral Limited (ASX:CAA) HEFFX Technicals

Capral Limited (ASX:CAA) HEFFX Technicals

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: 0.23.

The projected lower bound is: 0.18.

The projected closing price is: 0.20.

HEFFX Candlestick Analysis

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 15 white candles and 11 black candles for a net of 4 white candles.

Separating lines occurred. If the lines occur during an uptrend (which appears to be the case with CAPRAL FPO) and the first line is black and the second is white (which is the case with CAPRAL FPO) then this suggests that the uptrend should continue.

If the separating lines occur during a downtrend and the first line is white and the second is black (which is not the case with CAPRAL FPO) then this suggests that the downtrend should continue.

CAPRAL FPO closed up 0.015 at 0.200. Volume was 414% above average (trending) and Bollinger Bands were 2% wider than normal.

Open High Low Close Volume___
0.190 0.207 0.190 0.200 2,922,043

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 0.18 0.16 0.12
Volatility: 79 112 85
Volume: 889,446 764,973 544,532

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.

Summary

CAPRAL FPO is currently 68.4% 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 CAA.AX (mildly bullish). Our trend forecasting oscillators are currently bearish on CAA.AX and have had this outlook for the last 6 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

Momentum

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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 85.3659. 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 68.53. 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 15 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 180.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.

Capral Limited is engaged in the manufacturing, marketing and distribution of fabricated and semi-fabricated aluminum related products. The Company produces a range of extruded aluminum products and systems. The Company distributes these manufactured products in addition to a small amount of bought-in-products through over two distribution channels. The Company supplies products to over three market segments through each of its distribution channels: residential, commercial and industrial. Through the residential segment, it supplies aluminum and other components for windows and doors, showers and wardrobes, and security products. Through the commercial segment, it supplies aluminum and other components for windows and doors, internal fit outs and other commercial building related products. Through the industrial segment, the Company supplies aluminum extrusions and rolled products for industrial uses. The Company operates in one geographical area, Australia.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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