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: 10.87.
The projected lower bound is: 8.55.
The projected closing price is: 9.71.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 35 white candles and 12 black candles for a net of 23 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 77.3445. This is not an overbought or oversold reading. The last signal was a buy 8 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 76.16. This is where it usually tops. 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 11 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 158.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 13 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 3 period(s) ago.
Rex Takasugi – TD Profile
CORBUS PHARMACE closed down -0.220 at 9.570. Volume was 335% above average (trending) and Bollinger Bands were 146% wider than normal.
Open High Low Close Volume___
9.950 10.780 9.300 9.570 3,492,624
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 7.75 5.16 2.91
Volatility: 149 110 104
Volume: 2,695,436 1,272,040 428,893
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.
CORBUS PHARMACE is currently 229.2% 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 very strong flows of volume into CRBP.O (bullish). Our trend forecasting oscillators are currently bullish on CRBP.O and have had this outlook for the last 49 periods. Our momentum oscillator is currently indicating that CRBP.O is currently in an overbought condition.
Increase your trading profits
Increase your trading profits by trying MetaStocks Xenith 30 day free trial.
Latest posts by HEFFX Australia (see all)
- General Motors Company (NYSE:GM) Trending Sideways - March 29, 2017
- BlackRock (NYSE:BLK) Heffx Trading Outlook - March 29, 2017
- Emaar Malls (EMAA:DU) Heffx Technicanl Analysis with Candlesticks - March 29, 2017