Mirvac Group (ASX:MGR) Technicals Bullish Trend
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 2.21.
The projected lower bound is: 2.09.
The projected closing price is: 2.15.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 19 white candles and 24 black candles for a net of 5 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 23.3335. This is not an overbought or oversold reading. 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 53.44. 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 78 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 -11. This is not a topping or bottoming area. The last signal was a sell 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 sell 2 period(s) ago.
Rex Takasugi – TD Profile
MIRVAC GRP STAPL closed up 0.020 at 2.150. Volume was 60% above average (neutral) and Bollinger Bands were 59% narrower than normal.
Open High Low Close Volume___
2.160 2.170 2.140 2.150 20,486,612
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 2.16 2.10 2.11
Volatility: 14 17 23
Volume: 14,317,389 12,961,924 13,139,625
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.
MIRVAC GRP STAPL is currently 1.9% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into MGR.AX (mildly bullish). Our trend forecasting oscillators are currently bullish on MGR.AX and have had this outlook for the last 21 periods.
We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.
Latest posts by HEFFX Australia (see all)
- AMC Entertainment Holdings (AMC) Stock Consolidating - January 18, 2018
- Ford Motor Company (F) Declines 7.02% - January 18, 2018
- PPL Corporation (PPL) Heffx Trading Review - January 18, 2018