Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 92.24.
The projected upper bound is: 90.78.
The projected lower bound is: 82.24.
The projected closing price is: 86.51.
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 19 white candles and 30 black candles for a net of 11 black 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 91.9173. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 6 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 43.57. 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 3 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 1. This is not a topping or bottoming area. The last signal was a buy 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 1 period(s) ago.
Rex Takasugi – TD Profile
FRNTR COMN PRF A closed down -0.360 at 86.760. Volume was 443% above average (trending) and Bollinger Bands were 40% wider than normal.
Open High Low Close Volume___
87.500 87.700 86.510 86.760 686,064
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 85.55 92.10 94.90
Volatility: 34 30 42
Volume: 227,867 134,241 124,334
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.
FRNTR COMN PRF A is currently 8.6% below its 200-period moving average and is in an downward 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 volume flowing into and out of FTRPR.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FTRPR.O and have had this outlook for the last 34 periods.
Latest posts by HEFFX Australia (see all)
- Silver Lake Resources (ASX:SLR) Heffx Trading Outlook - October 20, 2016
- EVOLUTION FPO (ASX:EVN) Heffx Technical Analysis with Candlesticks - October 20, 2016
- St Barbara Ltd (ASX:SBM) Heffx Technical Analysis - October 20, 2016