Atlas Iron Limited (ASX:AGO) 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: 0.05.
The projected lower bound is: 0.04.
The projected closing price is: 0.05.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 21 white candles and 17 black candles for a net of 4 white candles.
Separating lines occurred. If the lines occur during an uptrend (which appears to be the case with ATLAS IRON FPO) and the first line is black and the second is white (which is not the case with ATLAS IRON FPO) then this suggests that the uptrend should continue.
If the separating lines occur during a downtrend and the first line is white and the second is black (which is the case with ATLAS IRON FPO) then this suggests that the downtrend should continue.
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 62.5000. 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 60.41. 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 14 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 76. This is not a topping or bottoming area. The last signal was a sell 0 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 1 period(s) ago.
Rex Takasugi – TD Profile
ATLAS IRON FPO closed down -0.003 at 0.047. Volume was 105% above average (neutral) and Bollinger Bands were 6% narrower than normal.
Open High Low Close Volume___
0.049 0.049 0.046 0.047 293,113,760
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.04 0.04 0.02
Volatility: 95 113 145
Volume: 192,386,816 161,202,848 84,807,968
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.
ATLAS IRON FPO is currently 152.7% 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 volume flowing into and out of AGO.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on AGO.AX and have had this outlook for the last 4 periods.
We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.
Latest posts by HEFFX Australia (see all)
- Health fears prompt Swiss 5G revolt - September 18, 2019
- Meliá Ho Tram Beach Resort Unveils The Level Villas - September 18, 2019
- Gold 1 OZ (XAU=X) solid resistance at $1,566.20 - September 17, 2019