SET Index (INDEXBKK:SET) HEFFX Hightlights

SET Index (INDEXBKK:SET) HEFFX Hightlights

SET Index (INDEXBKK:SET) HEFFX Hightlights

  • Thailand says US trade deficit ‘not significant’
  • Meyer Corporation, a leading American cookware manufacturer, will continue to invest in Thailand
  • Thailand threatens Facebook with legal action over anti-monarchy posts
  • Thailand on high alert over global cyber-attacks
  • The Bank of Thailand and the Bank of Japan have signed an agreement to govern the Bilateral Swap Arrangement (BSA)

Thailand, Bangkok, Asia, HEFFX, SET, Index, BKK, Shayne Heffernan, Outlook

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 1,561.38.

The projected upper bound is: 1,560.66.

The projected lower bound is: 1,526.40.

The projected closing price is: 1,543.53.

SET Index closed down -6.330 at 1,543.940. Volume was 18% above average (neutral) and Bollinger Bands were 21% narrower than normal.

Open             High             Low               Close                Volume
1,550.120     1,550.130     1,537.430     1,543.9401     1,054,749,696

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period                50-period               200-period
Close:                       1,562.59                  1,565.58                  1,532.00
Volatility:                6                               7                               14
Volume:                   7,743,050,240      8,576,098,304      10,594,539,520

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.

SET Index is currently 0.8% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect moderate flows of volume out of .SETI (mildly bearish). Our trend forecasting oscillators are currently bearish on .SETI and have had this outlook for the last 9 periods.

HEFFX Momentum
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 16.1076. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 11 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 31.53. 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 67 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 -280.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 10 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 16 period(s) ago.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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