China Tianrui Group Cement (HKG:1252) Mildly Bullish
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
The projected upper bound is: 2.50.
The projected lower bound is: 1.90.
The projected closing price is: 2.20.
WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert will be invalid (including the alerts, symbols, and this commentary). To detach this expert, right-click on the CHINA TIANRUI chart, choose Expert Advisor, and then choose Detach.
During the past 10 bars, there have been 0 white candles and 1 black candles for a net of 1 black candles. During the past 50 bars, there have been 4 white candles and 2 black candles for a net of 2 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 25.0000. This is not an overbought or oversold reading. The last signal was a sell 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 52.43. 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 58 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 43. This is not a topping or bottoming area. The last signal was a sell 3 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 4 period(s) ago.
Rex Takasugi – TD Profile
CHINA TIANRUI closed unchanged at 2.200. Volume was 100% below average (consolidating) and Bollinger Bands were 10% wider than normal.
Open High Low Close Volume___
2.200 2.200 2.200 2.200 0
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 2.15 2.16 2.04
Volatility: 110 89 63
Volume: 1,500 2,640 2,305
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.
CHINA TIANRUI is currently 8.0% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into 1252.HK (mildly bullish). Our trend forecasting oscillators are currently bullish on 1252.HK and have had this outlook for the last 2 periods.
Latest posts by HEFFX Australia (see all)
- BHP Billiton Limited (ASX:BHP) Heffx Daily Review - November 21, 2017
- IOOF Holdings Limited (ASX:IFL) More Downfall Ahead - November 21, 2017
- Computershare Limited (ASX:CPU) Time to Sell - November 21, 2017