Metcash Limited (ASX:MTS) 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: 2.25.
The projected lower bound is: 1.98.
The projected closing price is: 2.11.
A white body occurred (because prices closed higher 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 19 white candles and 26 black candles for a net of 7 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 72.8571. This is not an overbought or oversold reading. The last signal was a buy 8 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 53.43. 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 71 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 80. This is not a topping or bottoming area. The last signal was a buy 3 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
METCASHLTD FPO closed up 0.030 at 2.110. Volume was 70% below average (consolidating) and Bollinger Bands were 38% narrower than normal.
Open High Low Close Volume___
2.100 2.120 2.085 2.110 1,590,211
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 2.06 2.09 1.84
Volatility: 35 42 48
Volume: 3,772,383 3,536,832 5,151,379
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.
METCASHLTD FPO is currently 14.4% above 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 volume flowing into and out of MTS.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on MTS.AX and have had this outlook for the last 14 periods.
Latest posts by HEFFX Australia (see all)
- American Express Company (NYSE:AXP) Long Term Trend Upwards - January 20, 2017
- Procter & Gamble Co (NYSE:PG) Heffx Technical Analysis with Candlesticks - January 20, 2017
- International Business Machines Corp (NYSE:IBM) Buy on Dips - January 20, 2017