SSE Composite Index (SHA:000001) Trading Outlook
HEFFX Notes SSE Composite Index
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 3,115.02.
The projected lower bound is: 2,944.53.
The projected closing price is: 3,029.77.
SSE Composite Index closed up 21.404 at 3,025.680. Volume was 2% above average (neutral) and Bollinger Bands were 37% narrower than normal.
Open High Low Close Volume
3,001.306 3,025.911 2,998.677 3,025.680 169,995
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period
Close: 2,985.79 2,959.39
Volatility: 15 19
Volume: 162,636 170,294
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.
SSE Composite Index is currently 2.0% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of .SSEC at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on .SSEC and have had this outlook for the last 2 periods.
HEFFX Momentum SSE Composite Index
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 91.6261. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 16 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 57.90. 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 18 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 65. This is not a topping or bottoming area. The last signal was a buy 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 13 period(s) ago.
Latest posts by John Heffernan (see all)
- Micron Technology, Inc.(NASDAQ:MU) Trading Outlook - October 5, 2016
- Eur (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook - October 5, 2016
- Australian Dollar (A$) ⇨ US Dollar ($)(AUDUSD) Trading Outlook - September 18, 2016