Swire Pacific Limited (HKG:0019) Michelle Low, New Finance Director of Swire Properties Limited

Swire Pacific Limited (HKG:0019) Michelle Low, New Finance Director of Swire Properties Limited

Swire Pacific Limited (HKG:0019) Michelle Low New Finance Director of Swire Properties Limited

  • Swire Pacific Limited has announced that Michelle Low, Finance Director of Swire Properties Limited, will be appointed the Finance Director of Swire Pacific with effect from 1st October 2017. Michelle will replace Martin Cubbon, who will be retiring from the Swire group at the end of September.
  • Swire Pacific (0019) is not ruling out the possibility of spinning off its hotel business even as it presses ahead with the development of more investment properties

Swire Pacific Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through five segments. The Property segment is engaged in the investment, development and operation of commercial properties in Hong Kong and Mainland China. The Aviation segment is engaged in airline operation, airline engineering, air cargo terminal operation, as well as the provision of airline catering and ground services. The Beverages segment is engaged in the manufacture and distribution of beverages in Hong Kong. The Marine Services segment is engaged in the provision of support services for offshore energy industry. The Trading and Industrial segment is engaged in the management of consumer brands and the provision of cold chain logistics services.

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 12.60.

The projected upper bound is: 13.76.

The projected lower bound is: 12.83.

The projected closing price is: 13.29.

DBS GROUP HLD closed down -0.024 at 13.283. Volume was 100% below average (consolidating) and Bollinger Bands were 34% wider than normal.

Open         High           Low            Close         Volume
13.309       13.309       13.283       13.283       0

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period      50-period      200-period
Close:                       13.30             12.80              11.38
Volatility:                15                   23                    23
Volume:                  0                     56                    66

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.

Summary
DBS GROUP HLD is currently 16.7% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into DBSM.SG (bullish). Our trend forecasting oscillators are currently bullish on DBSM.SG and have had this outlook for the last 14 periods.

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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 53.3671. 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 58.38. 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 13 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 30. This is not a topping or bottoming area. The last signal was a sell 11 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

Latest posts by John Heffernan (see all)

You must be logged in to post comments :  
CONNECT WITH