Telstra Corporation (ASX:TLS) Heffx Trading Outlook
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 5.31.
The projected lower bound is: 4.97.
The projected closing price is: 5.14.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 3 black candles for a net of 2 white candles. During the past 50 bars, there have been 19 white candles and 27 black candles for a net of 8 black candles.
Separating lines occurred. If the lines occur during an uptrend (which appears to be the case with TELSTRA FPO) and the first line is black and the second is white (which is not the case with TELSTRA FPO) then this suggests that the uptrend should continue.
If the separating lines occur during a downtrend and the first line is white and the second is black (which is the case with TELSTRA FPO) then this suggests that the downtrend should continue.
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 69.4445. This is not an overbought or oversold reading. The last signal was a sell 0 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 47.51. 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 15 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 42. This is not a topping or bottoming area. The last signal was a sell 1 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 13 period(s) ago.
Rex Takasugi – TD Profile
TELSTRA FPO closed down -0.050 at 5.150. Volume was 22% above average (neutral) and Bollinger Bands were 33% narrower than normal.
Open High Low Close Volume___
5.190 5.190 5.120 5.150 33,132,584
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 5.16 5.31 5.42
Volatility: 18 20 21
Volume: 26,744,130 29,864,720 25,556,042
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 4.9% below 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 volume flowing into and out of TLS.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TLS.AX and have had this outlook for the last 5 periods.
Latest posts by HEFFX Australia (see all)
- Coach Inc (NYSE:COH) Stock Overbought - May 9, 2017
- Twitter Inc (NYSE:TWTR) Heffx Technicals Bearish Divergence - May 8, 2017
- 3M Co (NYSE:MMM) Stock Overbought - May 8, 2017