National Australia Bank 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: 27.48.
The projected lower bound is: 25.55.
The projected closing price is: 26.52.
A black body occurred (because prices closed lower 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 19 white candles and 29 black candles for a net of 10 black candles.
Momentum Indicators shows neither a top or bottom
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 72.5806. This is not an overbought or oversold reading. The last signal was a buy 2 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 56.95. 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 32 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 48. This is not a topping or bottoming area. The last signal was a sell 0 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 1 period(s) ago.
NAT. BANK FPO is currently 1.1% below its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect moderate flows of volume into NAB.AX (mildly bullish). Our trend forecasting oscillators are currently bullish on NAB.AX and have had this outlook for the last 20 periods.
Sign up today to receive a free 30 day trial of Metastock or email Emma Heffernan [email protected] for more information.
Latest posts by HEFFX Australia (see all)
- Healthscope Limited (HSO:AX) Advances 6.46% - February 18, 2018
- Arafura Resources Ltd (ARU:AX) Jumps 10% - February 18, 2018
- Premier Investments Limited (PMV:AX) Mixed Signals - February 18, 2018