Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
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 2.73.
The projected upper bound is: 2.59.
The projected lower bound is: 2.23.
The projected closing price is: 2.41.
A white body occurred (because prices closed higher 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 16 white candles and 28 black candles for a net of 12 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 19.1358. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 38 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 31.19. This is not a topping or bottoming area. However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 0 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 -143.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 7 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 25 period(s) ago.
Rex Takasugi – TD Profile
GATEWYLIFE STAPL closed up 0.080 at 2.420. Volume was 15% above average (neutral) and Bollinger Bands were 182% wider than normal.
Open High Low Close Volume___
2.360 2.450 2.330 2.420 1,228,634
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 2.61 2.79 2.80
Volatility: 90 45 35
Volume: 3,962,563 1,267,244 1,121,521
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.
GATEWYLIFE STAPL is currently 13.6% 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 very strong flows of volume out of GTY.AX (bearish). Our trend forecasting oscillators are currently bearish on GTY.AX and have had this outlook for the last 21 periods.
Latest posts by HEFFX Australia (see all)
- Apple (NASDAQ:AAPL) Buy on Dips - October 25, 2016
- Merck & Co (NYSE:MRK) Heffx Technical Analysis - October 25, 2016
- Chipotle Mexican Grill (NYSE:CMG) Heffx Trading Outlook - October 25, 2016