Xingfa Aluminium Holdings (HKG:0098) Technical Analysis with Candlesticks
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.
By the way, prices are vulnerable to a correction towards 3.05.
The projected upper bound is: 3.73.
The projected lower bound is: 3.27.
The projected closing price is: 3.50.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 2 black candles for a net of 2 white candles. During the past 50 bars, there have been 9 white candles and 20 black candles for a net of 11 black 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 74.2268. This is not an overbought or oversold reading. The last signal was a sell 1 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 85.65. This is where it usually tops. 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 sell 42 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 78. This is not a topping or bottoming area. The last signal was a sell 1 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 buy 12 period(s) ago.
Rex Takasugi – TD Profile
XINGFA ALUM closed unchanged at 3.490. Volume was 891% above average (trending) and Bollinger Bands were 331% wider than normal.
Open High Low Close Volume___
3.480 3.490 3.480 3.490 1,587,000
Short Term: Overbought
Intermediate Term: Bullish
Long Term: (*ERROR*: Function did not return a value)(*ERROR*: Function did not return a value)
Moving Averages: 10-period 50-period 200-period
Close: 3.25 2.93(*ERROR*: Function did not return a value)
Volatility: 90 47(*ERROR*: Function did not return a value)
Volume: 929,100 248,020(*ERROR*: Function did not return a value)
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.
XINGFA ALUM is currently (*ERROR*: Function did not return a value)% (*ERROR*: Function did not return a value) its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into 0098.HK (mildly bullish). Our trend forecasting oscillators are currently bullish on 0098.HK and have had this outlook for the last 8 periods. Our momentum oscillator is currently indicating that 0098.HK is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
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