CIMB Group Holdings Bhd (KLSE:CIMB) HEFFX Highlights

CIMB Group Holdings Bhd (KLSE:CIMB) HEFFX Highlights

CIMB Group Holdings Bhd (KLSE:CIMB) HEFFX Highlights

  • Malaysia’s CIMB to aid Belt and Road financing
  • CIMB Adds Seven Hires at Singapore Private Bank
  • CIMB to get earnings boost from CIMB Niaga
  • CIMB Niaga’s Q1 net profit up 138%
  • CIMB sees better times ahead after clearing provision burden

CIMB Group Holdings Berhad is a Malaysia-based provider of banking products and services, and financial services. The Company offers services, including consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Its segments include Consumer Banking, Wholesale Banking, Commercial Banking, Group Funding, and Group Asset Management & Investments (GAMI). It is engaged in manufacturing and distributing both conventional and Shariah-compliant investment products in equities, fixed income, exchange-traded funds, money markets and customized portfolio mandates to retail investors, high net worth individuals, corporations and institutional funds, family offices, sovereign wealth funds and government entities. It offers investment banking services to corporate and institutions in China, Hong Kong, Sri Lanka, the United Kingdom, the United States and other markets. The Company operates a network of over 990 retail branches.

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 5.63.

The projected upper bound is: 6.14.

The projected lower bound is: 5.80.

The projected closing price is: 5.97.

CIMB GRP BHD closed up 0.020 at 5.960. Volume was 69% above average (neutral) and Bollinger Bands were 16% wider than normal.

Open       High       Low         Close       Volume
5.950      5.990      5.930      5.960      29,242,400

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

Moving Averages: 10-period          50-period        200-period
Close:                       5.91                    5.63                  4.99
Volatility:                8                         19                      22
Volume:                   17,865,610       18,077,814      14,663,258

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.

CIMB GRP BHD is currently 19.3% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into CIMB.KL (mildly bullish). Our trend forecasting oscillators are currently bullish on CIMB.KL and have had this outlook for the last 12 periods. Our momentum oscillator is currently indicating that CIMB.KL is currently in an overbought condition.

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 55.5556. This is not an overbought or oversold reading. The last signal was a sell 2 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 71.99. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 11 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 82. This is not a topping or bottoming area. The last signal was a sell 2 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 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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