China Resources Land HEFFX Highlights

China Resources Land HEFFX Highlights

China Resources Land Limited is an investment holding company mainly engaged in the development of properties for sale. Along with subsidiaries, the Company operates its business through four segments: The Development Properties for Sale segment, the Property Investment and Management segment, the Hotel Operations segment, the Construction, Decoration Service and Others segment. The Company’s investment properties include commercial buildings, offices and hotels, among others. Its major investment properties include Shenzhen MIXc, Hangzhou MIXc, Shenyang MIXc, Beijing CR Building, Beijing Qinghe Hi5 Office, among others.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 29.01.

The projected upper bound is: 31.49.

The projected lower bound is: 28.09.

The projected closing price is: 29.79.

CHINA RES LAND closed down -0.750 at 29.800. Volume was 126% above average (neutral) and Bollinger Bands were 40% narrower than normal.

OpenHighLowCloseVolume
30.130.629.3529.828,463,508

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

Moving Averages:10-period50-period200-period
Close:29.993028.34
Volatility:303647
Volume:13,478,83112,972,53312,371,358

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 RES LAND is currently 5.2% above 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 1109.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on 1109.HK and have had this outlook for the last 7 periods.

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 67.2897. This is not an overbought or oversold reading. The last signal was a buy 4 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 48.20. 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 buy 170 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 -27. This is not a topping or bottoming area. The last signal was a sell 0 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 2 period(s) ago.

Candlesticks
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 23 white candles and 26 black candles for a net of 3 black candles.

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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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