Telstra (ASX:TLS) Heffx Trading Outlook
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 5.43.
The projected upper bound is: 5.20.
The projected lower bound is: 4.90.
The projected closing price is: 5.05.
A black body occurred (because prices closed lower 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 28 black candles for a net of 11 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 22.0000. This is not an overbought or oversold reading. The last signal was a buy 2 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 26.73. This is where it usually bottoms. 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 buy 2 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 -109.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 6 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 32 period(s) ago.
Rex Takasugi – TD Profile
TELSTRA FPO closed down -0.050 at 5.060. Volume was 19% below average (neutral) and Bollinger Bands were 25% wider than normal.
Open High Low Close Volume___
5.100 5.120 5.060 5.060 20,634,768
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 5.18 5.53 5.44
Volatility: 15 17 21
Volume: 24,370,314 25,794,360 25,503,396
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.
TELSTRA FPO is currently 7.0% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of TLS.AX (mildly bearish). Our trend forecasting oscillators are currently bearish on TLS.AX and have had this outlook for the last 22 periods. Our momentum oscillator is currently indicating that TLS.AX is currently in an oversold condition. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.
Increase your trading profits by trying Xenith 30 day free trial.
Latest posts by HEFFX Australia (see all)
- McDonald’s Corporation (NYSE:MCD) Short Term Downward Trend - January 23, 2017
- American Airlines Group Inc (NASDAQ:AAL) Heffx Trading Outlook - January 23, 2017
- GoPro Inc (NASDAQ:GPRO) Long Term Bearish Outlook - January 23, 2017