Tracker Fund of Hong Kong (HKG:2800) Trending Upwards
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 24.98.
The projected lower bound is: 23.70.
The projected closing price is: 24.34.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 27 white candles and 18 black candles for a net of 9 white 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 26.5306. This is not an overbought or oversold reading. The last signal was a buy 6 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 57.71. 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 10 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 -26. This is not a topping or bottoming area. The last signal was a sell 2 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.
Rex Takasugi – TD Profile
TRACKER FUND closed up 0.200 at 24.300. Volume was 8% above average (neutral) and Bollinger Bands were 30% narrower than normal.
Open High Low Close Volume___
24.000 24.400 24.000 24.300 80,222,000
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 24.22 23.48 21.41
Volatility: 11 17 24
Volume: 77,741,464 99,818,272 67,203,952
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.
TRACKER FUND is currently 13.5% 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 moderate flows of volume into 2800.HK (mildly bullish). Our trend forecasting oscillators are currently bullish on 2800.HK and have had this outlook for the last 79 periods.
Latest posts by HEFFX Australia (see all)
- Yowie Group Ltd (ASX:YOW) Heffx Trading Outlook - January 16, 2017
- Class Ltd (ASX:CL1) Heffx Trading Outlook - January 16, 2017
- Computershare Limited (ASX:CPU) Look out for a Bearish Divergence - January 16, 2017