Addvalue Technologies Limited (SGX:A31) HEFFX Highlights

Addvalue Technologies Limited (SGX:A31) HEFFX Highlights

Addvalue Technologies Limited (SGX:A31) HEFFX Highlights

  • Addvalue Technologies raises S$13.1m from share placement
  • Addvalue has clinched an initial trial order of about US$1 million to supply the group’s latest generation of maritime communications system

Addvalue Technologies Ltd is an investment holding company. The Company, together with its subsidiaries, offers digital, wireless and broadband communications technology products. The Company provides satellite-based communication terminals and solutions for a range of voice and Internet protocol (IP)-based data applications. Its segments include Europe Middle East and Africa (EMEA), North America and Asia Pacific. Its EMEA segment includes sales made to customers based in Spain, the United Kingdom, the United Arab Emirates (UAE) and other countries within the region. Its North America segment includes sales made to customers based in the United States, Canada and other countries within the region. Its Asia Pacific segment includes sales made to customers based in Singapore, Malaysia, Korea, China, Philippines, Australia, and other countries within the region. Its subsidiaries include Addvalue Communications Pte Ltd, Addvalue Innovation Pte Ltd and Addvalue Global 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.

By the way, prices are vulnerable to a correction towards 0.03.

The projected upper bound is: 0.04.

The projected lower bound is: 0.03.

The projected closing price is: 0.04.

ADDVALUE TECH closed down -0.002 at 0.036. Volume was -0% below average (neutral) and Bollinger Bands were 145% wider than normal.

Open        High       Low         Close       Volume
0.036      0.036      0.035      0.036      0

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period      50-period      200-period
Close:                      0.04                0.03               0.02
Volatility:               121                   124                 153
Volume:                  0                      0                    0

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
ADDVALUE TECH gapped down today (bearish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
ADDVALUE TECH is currently 52.3% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into AVAU.SG (bullish). Our trend forecasting oscillators are currently bullish on AVAU.SG and have had this outlook for the last 22 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 41.6666. This is not an overbought or oversold reading. The last signal was a sell 5 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 57.81. 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 5 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 11. This is not a topping or bottoming area. The last signal was a sell 1 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 24 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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