Whitehaven Coal (ASX:WHC) Heffx Trading Outlook

Whitehaven Coal (ASX:WHC) Heffx Trading Outlook

Whitehaven Coal (ASX:WHC) Heffx Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 2.11.

The projected lower bound is: 1.78.

The projected closing price is: 1.94.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 27 white candles and 22 black candles for a net of 5 white candles.

Momentum Indicators

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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 46.3836. This is not an overbought or oversold reading. The last signal was a sell 2 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 67.41. 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 3 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 118.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 2 period(s) ago.

MACD

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.

Summary

WHITEHAVEN FPO is currently 119.6% above its 200-period moving average and is in an upward 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 volume flowing into and out of WHC.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on WHC.AX and have had this outlook for the last 78 periods.

Description

Whitehaven Coal Limited (Whitehaven Coal) is an Australia-based company engaged in coal mining industry. The Company is engaged in the development and operation of coal mines in New South Wales. The Company operates in two segments: Open Cut Operations and Underground Operations. The Company owns three operating open cut mines at Werris Creek, Tarrawonga and Rocglen, and the Narrabri North underground mine and the Maules Creek Project. The Company also has 100% interests in Vickery open cut project near its other open cut mines. It holds around 75% interest in the Maules Creek Project. It holds 100% interest in its Werris Creek and Rocglen projects. The Company also has various exploration and development projects in Queensland and New South Wales. The Company also operates a coal handling and preparation plant (CHPP) and rail loader near Gunnedah. It holds approximately 70% interest in the Tarrawonga project.
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