SKY and Space Global Ltd (ASX:SAS) Technicals Mildly Bullish
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.
The projected upper bound is: 0.20.
The projected lower bound is: 0.15.
The projected closing price is: 0.18.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 1 white candles and 6 black candles for a net of 5 black candles. During the past 50 bars, there have been 9 white candles and 30 black candles for a net of 21 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 17.6470. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 6 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 53.72. 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 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 34. 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 buy 17 period(s) ago.
Rex Takasugi – TD Profile
SKY AND SPACE closed unchanged at 0.175. Volume was 66% below average (consolidating) and Bollinger Bands were 55% wider than normal.
Open High Low Close Volume___
0.185 0.185 0.175 0.175 743,629
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 0.17 0.16 0.19
Volatility: 181 104 98
Volume: 3,871,884 2,292,198 3,076,633
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.
SKY AND SPACE is currently 9.8% below its 200-period moving average and is in an upward 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 moderate flows of volume into SAS.AX (mildly bullish). Our trend forecasting oscillators are currently bullish on SAS.AX and have had this outlook for the last 13 periods.