Xinte Energy (HKG:1799) Bulls Maybe Limited

Xinte Energy (HKG:1799) Bulls Maybe Limited

Xinte Energy (HKG:1799) Bulls Maybe Limited

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: 7.01.

The projected lower bound is: 5.98.

The projected closing price is: 6.49.

Candlesticks

WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert will be invalid (including the alerts, symbols, and this commentary). To detach this expert, right-click on the XINTE ENERGY chart, choose Expert Advisor, and then choose Detach.

During the past 10 bars, there have been 3 white candles and 1 black candles for a net of 2 white candles. During the past 50 bars, there have been 8 white candles and 8 black candles.

A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).

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 7.0922. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 7 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 59.08. 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 2 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 37. This is not a topping or bottoming area. 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 buy 14 period(s) ago.

Rex Takasugi – TD Profile

XINTE ENERGY closed unchanged at 6.500. Volume was 100% below average (consolidating) and Bollinger Bands were 192% wider than normal.

Open High Low Close Volume___
6.500 6.500 6.500 6.500 0

Technical Outlook
Short Term: Oversold
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: 6.49 6.08(*ERROR*: Function did not return a value)
Volatility: 88 55(*ERROR*: Function did not return a value)
Volume: 9,040 14,344(*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.

Summary
XINTE ENERGY 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 high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into 1799.HK (mildly bullish). Our trend forecasting oscillators are currently bullish on 1799.HK and have had this outlook for the last 7 periods.

 

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