St Barbara Ltd (ASX:SBM) Heffx Technical Analysis with Candlesticks
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
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 2.36.
The projected upper bound is: 2.92.
The projected lower bound is: 2.53.
The projected closing price is: 2.72.
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 21 white candles and 26 black candles for a net of 5 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 68.1661. This is not an overbought or oversold reading. The last signal was a sell 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 70.52. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 1 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 124.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 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 5 period(s) ago.
Rex Takasugi – TD Profile
ST.BARBARA FPO closed up 0.035 at 2.715. Volume was 85% below average (consolidating) and Bollinger Bands were 4% wider than normal.
Open High Low Close Volume___
2.750 2.760 2.710 2.715 647,191
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 2.51 2.20 2.71
Volatility: 53 59 76
Volume: 4,329,389 4,979,653 4,973,242
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.
ST.BARBARA FPO is currently 0.3% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect moderate flows of volume into SBM.AX (mildly bullish). Our trend forecasting oscillators are currently bullish on SBM.AX and have had this outlook for the last 24 periods. Our momentum oscillator is currently indicating that SBM.AX is currently in an overbought condition.
We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.
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