Insurance Australia Group Ltd (ASX:IAG) Heffx Trading Outlook

Insurance Australia Group Ltd (ASX:IAG) Heffx Trading Outlook

Insurance Australia Group Ltd (ASX:IAG) 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: 6.08.

The projected lower bound is: 5.71.

The projected closing price is: 5.89.

Insurance Australia Group Ltd

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 23 white candles and 24 black candles for a net of 1 black candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Momentum Indicators
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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 58.0645. This is not an overbought or oversold reading. The last signal was a buy 7 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 49.56. 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 21 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 30. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 18 period(s) ago.

Rex Takasugi – TD Profile

INSUR.AUST FPO closed up 0.070 at 5.890. Volume was 43% above average (neutral) and Bollinger Bands were 10% wider than normal.

Open High Low Close Volume___
5.880 5.910 5.800 5.890 7,689,868

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 5.83 5.90 5.72
Volatility: 19 20 23
Volume: 5,915,692 5,509,824 5,828,066

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.

Summary
INSUR.AUST FPO is currently 2.9% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of IAG.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on IAG.AX and have had this outlook for the last 12 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.

We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.

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HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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