Chesapeake Energy (NYSE:CHK) Heffx Trading Outlook
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
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 5.92.
The projected upper bound is: 7.48.
The projected lower bound is: 5.74.
The projected closing price is: 6.61.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white 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 12.4386. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 5 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 49.60. 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 5 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 -60. This is not a topping or bottoming area. The last signal was a sell 5 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
CHESAPEAKE ENER closed down -0.250 at 6.560. Volume was 55% above average (neutral) and Bollinger Bands were 16% wider than normal.
Open High Low Close Volume___
6.770 6.960 6.515 6.560 10,912,726
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 7.27 5.82 4.60
Volatility: 114 92 146
Volume: 11,613,859 7,988,237 6,724,796
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.
CHESAPEAKE ENER is currently 42.6% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of CHK.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on CHK.N and have had this outlook for the last 42 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
Latest posts by HEFFX Australia (see all)
- Lululemon Athletica (NASDAQ:LULU) Heffx Trading Outlook - March 29, 2017
- AT&T Inc (NYSE:T) Volatility is Low in an Upward Trend - March 29, 2017
- Wells Fargo & Co (NYSE:WFC) Heffx Technical Analysis with Candlesticks - March 29, 2017