NXP Semiconductors NV(NASDAQ:NXPI) Downward Trend
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
The projected upper bound is: 87.25.
The projected lower bound is: 78.75.
The projected closing price is: 83.00.
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
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 21 white candles and 28 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 18.8328. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 22 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 38.09. 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 51 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 -217.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 8 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 11 period(s) ago.
Rex Takasugi – TD Profile
NXP SEMICOND NV closed up 1.510 at 82.910. Volume was 8% above average (neutral) and Bollinger Bands were 29% narrower than normal.
Open High Low Close Volume___
80.990 83.200 80.130 82.910 4,312,444
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 86.62 84.51 82.17
Volatility: 34 32 47
Volume: 3,029,821 3,539,122 4,143,133
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.
NXP SEMICOND NV is currently 0.9% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of NXPI.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on NXPI.O and have had this outlook for the last 3 periods.
Latest posts by HEFFX Australia (see all)
- Workday Inc (NYSE:WDAY) Heffx Trading Outlook - February 28, 2017
- Priceline Group Inc (NASDAQ:PCLN) Technical Analysis Trending Upwards - February 28, 2017
- Tesla Inc (NASDAQ:TSLA) Volatility is High on a Downward Trend - February 28, 2017