Telstra Corporation Ltd (ASX:TLS) Trading Outlook
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 5.79.
The projected lower bound is: 5.51.
The projected closing price is: 5.65.
HEFFX Notes Telstra Corporation Ltd
Telstra Corporation FPO closed up 0.040 at 5.650. Volume was 10% below average (neutral) and Bollinger Bands were 41% narrower than normal.
Open High Low Close Volume
5.610 5.660 5.610 5.650 20,066,692
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period
Close: 5.70 5.59
Volatility: 10 17
Volume: 21,350,986 23,166,978
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 Corporation FPO is currently 3.8% above 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 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 24 periods.
HEFFX Momentum Telstra Corporation
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 14.0000. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 12 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 46.66. 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 12 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 -145.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 3 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 9 period(s) ago.
Limited (Telstra) is a telecommunications company, which offers a range of communications services. The Company’s operating segments include Telstra Retail (TR), Global Enterprise and Services (GES), Telstra Wholesale (TW), Telstra Operations (TOps) and Others. The Telstra Retail segment includes Telstra consumer, Telstra business, Telstra media group and Telstra Health. Telstra Retail provides a range of telecommunications products, services and solutions across mobiles, fixed and mobile broadband, telephony and pay television. The Global Enterprise and Services segment provides sales and contract management support for business and government customers. The Telstra Wholesale segment is engaged in the provision of a range of telecommunication products and services. The Telstra Operations segment is primarily a service delivery center, which provides overall planning, design, engineering and architecture of Telstra networks technology and information technology.
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