TPG Telecom Ltd (ASX:TPM) Is it Good Value?
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 6.98.
The projected upper bound is: 6.62.
The projected lower bound is: 5.71.
The projected closing price is: 6.16.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 0 white candles and 10 black candles for a net of 10 black candles. During the past 50 bars, there have been 14 white candles and 34 black candles for a net of 20 black candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
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 2.7586. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 16 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 22.45. 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 52 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 -124.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 16 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
TPGTELECOM FPO closed down -0.020 at 6.180. Volume was 84% below average (consolidating) and Bollinger Bands were 7% narrower than normal.
Open High Low Close Volume___
6.220 6.225 6.160 6.180 402,526
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 6.55 6.97 9.76
Volatility: 17 41 46
Volume: 2,173,676 2,428,756 1,942,389
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.
TPGTELECOM FPO is currently 36.7% below 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 very strong flows of volume out of TPM.AX (bearish). Our trend forecasting oscillators are currently bearish on TPM.AX and have had this outlook for the last 6 periods. Our momentum oscillator is currently indicating that TPM.AX is currently in an oversold condition.
We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.
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