Independence Group (ASX:IGO) Heffx Trading Outlook
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 4.32.
The projected lower bound is: 3.56.
The projected closing price is: 3.94.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 28 white candles and 19 black candles for a net of 9 white 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 12.2951. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 4 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 47.17. 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 sell 55 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 -37. This is not a topping or bottoming area. The last signal was a sell 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 sell 0 period(s) ago.
Rex Takasugi – TD Profile
IND GROUP FPO closed down -0.020 at 3.940. Volume was 39% below average (neutral) and Bollinger Bands were 8% wider than normal.
Open High Low Close Volume___
4.060 4.120 3.930 3.940 2,650,459
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 4.14 4.01 3.21
Volatility: 49 59 73
Volume: 2,633,539 3,325,154 4,251,689
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.
IND GROUP FPO is currently 22.6% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of IGO.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on IGO.AX and have had this outlook for the last 8 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
Latest posts by HEFFX Australia (see all)
- Walt Disney Co (NYSE:DIS) Stock Upward Trend - December 13, 2017
- Tabula Rasa HealthCare Inc (NASDAQ:TRHC) Heffx Technical Analysis - December 13, 2017
- Tesla Inc (NASDAQ:TSLA) Stock Overbought - December 13, 2017