Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 3.57.
The projected lower bound is: 2.77.
The projected closing price is: 3.17.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 6 black candles for a net of 3 black candles. During the past 50 bars, there have been 17 white candles and 32 black candles for a net of 15 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 84.1270. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 11 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 58.08. 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 60 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 137.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 7 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
SYRAH RES FPO closed up 0.130 at 3.180. Volume was 65% below average (consolidating) and Bollinger Bands were 24% narrower than normal.
Open High Low Close Volume___
3.060 3.200 3.060 3.180 807,031
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 3.01 3.13 4.35
Volatility: 61 81 72
Volume: 1,643,012 2,276,588 1,868,915
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.
SYRAH RES FPO is currently 26.8% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of SYR.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on SYR.AX and have had this outlook for the last 8 periods.
Latest posts by HEFFX Australia (see all)
- Microsoft Corporation (NASDAQ:MSFT) Technical Analysis Bearish Divergence - February 28, 2017
- Facebook Inc (NASDAQ:FB) Technical Analysis Heffx Report - February 28, 2017
- Wal-Mart Stores Inc (NYSE:WMT) Technical Analysis Buy, Sell or Hold? - February 28, 2017