Event Hospitality and Entertainment Group Ltd (NYSE:EVT) Possible Entry at 13.36 or Below
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 14.26.
The projected lower bound is: 13.36.
The projected closing price is: 13.81.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles. During the past 50 bars, there have been 19 white candles and 26 black candles for a net of 7 black candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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 63.8890. This is not an overbought or oversold reading. The last signal was a buy 12 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 47.79. 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 47 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 32. This is not a topping or bottoming area. The last signal was a buy 4 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 2 period(s) ago.
Rex Takasugi – TD Profile
EVEHOSPENT FPO closed up 0.020 at 13.820. Volume was 67% above average (neutral) and Bollinger Bands were 49% narrower than normal.
Open High Low Close Volume___
13.780 13.970 13.760 13.820 96,968
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 13.74 13.99 14.66
Volatility: 18 20 21
Volume: 50,834 58,086 60,458
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.
EVEHOSPENT FPO is currently 5.7% below 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 moderate flows of volume out of EVT.AX (mildly bearish). Our trend forecasting oscillators are currently bullish on EVT.AX and have had this outlook for the last 0 periods.
Latest posts by HEFFX Australia (see all)
- Hewlett Packard Enterprise Co (NYSE:HPE) Heffx Trading Outlook - February 24, 2017
- Baidu Inc (ADR) (NASDAQ:BIDU) Technical Analysis Upward Trend - February 24, 2017
- Nordstrom (NYSE:JWN) Heffx Technical Analysis - February 24, 2017