China Mobile Ltd. (ADR) (NYSE:CHL) HEFFX Highlights

China Mobile Ltd. (ADR) (NYSE:CHL) HEFFX Highlights

China Mobile Ltd. (ADR) (NYSE:CHL) HEFFX Highlights

  • With Four New Partners, China Mobile Opens NFV Testlab
  • Chinese mobile pay contenders take on Apple Pay in the US
  • Coastline Trust Co Increases Stake in China Mobile Ltd. (CHL)
  • Chinese Mobile Brands Taking Over the Smartphone Market
  • Matthews International Capital Management Llc decreased China Mobile Limited (CHL) stake by 4.94%

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 87.93.

The projected lower bound is: 82.53.

The projected closing price is: 85.23.

CHINA MOBILE closed down -0.200 at 85.250. Volume was 8% below average (neutral) and Bollinger Bands were 42% narrower than normal.

Open          High          Low            Close         Volume
85.600      85.600      85.000      85.250      13,636,600

Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period           50-period      200-period
Close:                       84.08                 85.27              88.91
Volatility:                10                        20                   21
Volume:                   16,496,569       16,411,162      14,709,390

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
CHINA MOBILE is currently 4.1% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of 0941.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on 0941.HK and have had this outlook for the last 18 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 90.9091. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 13 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 54.54. 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 30 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 144.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 9 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 5 period(s) ago.

The following two tabs change content below.

John Heffernan

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

You must be logged in to post comments :  
CONNECT WITH