Heffx Silver Report
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
The projected upper bound is: 16.25.
The projected lower bound is: 15.82.
The projected closing price is: 16.03.
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 17 white candles and 31 black candles for a net of 14 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 36.4628. This is not an overbought or oversold reading. The last signal was a buy 43 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 43.71. 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 30 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 -153.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 8 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 1 period(s) ago.
Rex Takasugi – TD Profile
PREC.M.XAG= closed up 0.016 at 16.046. Volume was 48% below average (neutral) and Bollinger Bands were 52% narrower than normal.
Open High Low Close Volume___
16.040 16.076 15.990 16.046 397
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 16.11 16.09 16.74
Volatility: 3 9 7
Volume: 462 844 736
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.
PREC.M.XAG= is currently 4.1% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of XAG= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on XAG= and have had this outlook for the last 23 periods.
Latest posts by HEFFX Australia (see all)
- Coach Inc (NYSE:COH) Stock Overbought - May 9, 2017
- Twitter Inc (NYSE:TWTR) Heffx Technicals Bearish Divergence - May 8, 2017
- 3M Co (NYSE:MMM) Stock Overbought - May 8, 2017