Bank of China (HKG:3988) Heffx Technical Analysis
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 4.03.
The projected lower bound is: 3.73.
The projected closing price is: 3.88.
During the past 10 bars, there have been 3 white candles and 3 black candles. During the past 50 bars, there have been 19 white candles and 22 black candles for a net of 3 black candles.
A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).
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 8.1395. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 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 49.87. 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 22 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 -44. This is not a topping or bottoming area. The last signal was a sell 4 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 2 period(s) ago.
Rex Takasugi – TD Profile
BANK OF CHINA closed up 0.005 at 3.875. Volume was 93% below average (consolidating) and Bollinger Bands were 18% narrower than normal.
Open High Low Close Volume___
3.875 3.875 3.875 3.875 20,386,000
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 3.94 3.78 3.49
Volatility: 22 25 26
Volume: 278,959,872 324,373,728 292,567,744
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.
BANK OF CHINA is currently 10.9% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of 3988.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on 3988.HK and have had this outlook for the last 1 periods.
Latest posts by HEFFX Australia (see all)
- Buy Tesla (NASDAQ:TSLA) Now or Wait for Dip? - October 20, 2020
- Amazon (NASDAQ:AMZN) Stock Could Fall 50% From Here If Selling Continues, Buy Low Sell High - October 20, 2020
- Is Apple (NASDAQ:AAPL) Stock About To Crash? - October 20, 2020