China Unicom (Hong Kong) Limited (HKG:0762) HEFFX Highlights

China Unicom (Hong Kong) Limited (HKG:0762) HEFFX Highlights

China Unicom (Hong Kong) Limited (HKG:0762) HEFFX Highlights

  • News articles about China Unicom (Hong Kong) Limited (NYSE:CHU) have been trending positive this week, AlphaOne Sentiment reports. The research group, a division of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources.
  • AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. China Unicom (Hong Kong) Limited earned a media sentiment score of 0.31 on AlphaOne’s scale.

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses, enterprise businesses and international businesses. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services. Its fixed-line businesses include broadband and Internet networks businesses, among others. Its enterprise businesses include the provision of voice services and the provision of information total solutions, among others. Its international businesses include cross-border leasing line businesses and cross-territory networking businesses, among others.

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.

By the way, prices are vulnerable to a correction towards 10.40.

The projected upper bound is: 12.06.

The projected lower bound is: 10.82.

The projected closing price is: 11.44.

CHINA UNICOM closed up 0.040 at 11.420. Volume was 39% below average (neutral) and Bollinger Bands were 85% wider than normal.

Open High Low Close Volume___
11.400 11.520 11.320 11.420 29,513,600

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

Moving Averages: 10-period        50-period        200-period
Close:                      11.21                  10.52                9.52
Volatility:               34                      37                      35
Volume:                  50,768,720     45,827,100      50,463,256

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 UNICOM is currently 19.9% above its 200-period moving average and is in an upward 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 0762.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on 0762.HK and have had this outlook for the last 8 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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 52.6316. 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 67.36. 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 38 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 81. This is not a topping or bottoming area. The last signal was a sell 2 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 16 period(s) ago.

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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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