Helios and Matheson Analytics (NASDAQ:HMNY) Heffx Trading Outlook
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 5.00.
The projected upper bound is: 4.61.
The projected lower bound is: 2.60.
The projected closing price is: 3.60.
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 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 25.2476. This is not an overbought or oversold reading. The last signal was a buy 0 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 43.59. 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 5 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 -12. This is not a topping or bottoming area. The last signal was a buy 5 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 0 period(s) ago.
Rex Takasugi – TD Profile
HELIOS&MATHE ANT closed up 0.420 at 3.660. Volume was 162% above average (trending) and Bollinger Bands were 33% narrower than normal.
Open High Low Close Volume___
3.360 3.900 3.160 3.660 861,595
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 3.38 4.72 6.11
Volatility: 116 131 310
Volume: 278,678 383,982 370,191
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.
HELIOS&MATHE ANT is currently 40.1% below its 200-period moving average and is in an downward 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 moderate flows of volume into HMNY.O (mildly bullish). Our trend forecasting oscillators are currently bearish on HMNY.O and have had this outlook for the last 82 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.
Latest posts by HEFFX Australia (see all)
- Telstra Corporation Limited (ASX:TLS) Stock Worth Watching - April 26, 2018
- Wesfarmers Limited (ASX:WES) Technicals Indicate Stock Overbought - April 26, 2018
- Woolworths Group Limited (ASX:WOW) Heffx Daily Review - April 26, 2018