Bank of China Limited (HKG:3988) HEFFX Trading Outlook
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
By the way, prices are vulnerable to a correction towards 3.15.
The projected upper bound is: 3.40.
The projected lower bound is: 3.09.
The projected closing price is: 3.24.
Bank Of China closed down -0.020 at 3.240. Volume was 78% below average (consolidating) and Bollinger Bands were 15% narrower than normal.
Open High Low Close Volume
3.210 3.240 3.200 3.240 58,059,604
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 3.21 3.13 3.23
Volatility: 18 32 29
Volume: 210,912,464 291,381,312 290,836,448
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 0.4% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into 3988.HK (mildly bullish). Our trend forecasting oscillators are currently bullish on 3988.HK and have had this outlook for the last 9 periods.
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 58.6207. This is not an overbought or oversold reading. The last signal was a sell 3 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 58.75. 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 36 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 87. 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 21 period(s) ago.
Bank Of China litmited is a China-based commercial bank. The Bank is mainly engaged in the provision of banking and related financial services, including commercial banking, investment banking, insurance business, direct investments and investment management business, fund management business and aircraft leasing business, as well as others. The Bank mainly operates its businesses in China mainland, Hong Kong, Macau and Taiwan, as well as other countries.