TFS Corporation Limited (ASX:TFC) Buy on Dips
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.
The projected upper bound is: 1.72.
The projected lower bound is: 1.58.
The projected closing price is: 1.65.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 29 white candles and 18 black candles for a net of 11 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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 30.0000. This is not an overbought or oversold reading. The last signal was a sell 15 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 54.59. 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 16 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 -32. This is not a topping or bottoming area. The last signal was a sell 15 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 11 period(s) ago.
Rex Takasugi – TD Profile
TFS CORP FPO closed up 0.010 at 1.645. Volume was 61% below average (consolidating) and Bollinger Bands were 72% narrower than normal.
Open High Low Close Volume___
1.640 1.667 1.635 1.645 274,979
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1.66 1.55 1.53
Volatility: 13 30 41
Volume: 878,791 802,984 673,264
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.
TFS CORP FPO is currently 7.4% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into TFC.AX (mildly bullish). Our trend forecasting oscillators are currently bearish on TFC.AX and have had this outlook for the last 0 periods.
Latest posts by HEFFX Australia (see all)
- United Continental Holdings (NYSE:UAL) Buy on Dips - January 18, 2017
- Clayton Williams Energy (NYSE:CWEI) Heffx Trading Outlook - January 18, 2017
- Tandem Diabetes Care (NASDAQ:TNDM) Heffx Trading Outlook - January 18, 2017