Newcrest Mining Limited (ASX:NCM) Continuing Upward Trend
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 21.31.
The projected upper bound is: 24.00.
The projected lower bound is: 21.61.
The projected closing price is: 22.81.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 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 31.7460. This is not an overbought or oversold reading. The last signal was a buy 1 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 58.79. 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 5 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 22. 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 2 period(s) ago.
Rex Takasugi – TD Profile
NEWCREST FPO closed up 0.170 at 22.730. Volume was 80% below average (consolidating) and Bollinger Bands were 32% narrower than normal.
Open High Low Close Volume___
22.860 22.885 22.550 22.730 761,951
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 22.88 20.57 21.93
Volatility: 35 39 52
Volume: 3,321,832 3,627,214 4,115,005
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.
NEWCREST FPO is currently 3.6% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect volume flowing into and out of NCM.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on NCM.AX and have had this outlook for the last 31 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)
- Apple Inc (NASDAQ:AAPL) Heffx Technical Analysis - April 24, 2017
- C R Bard Inc (NYSE:BCR) Heffx Trading Outlook - April 24, 2017
- Becton Dickinson and Co (NYSE:BDX) Heffx Trading Outlook - April 24, 2017