Comfortdelgro Corporation HEFFX Highlights

Comfortdelgro Corporation HEFFX Highlights

ComfortDelGro Corporation Limited is a Singapore-based investment holding company. The Company provides management services. It operates through eight segments: Bus, Bus station, Rail, Taxi, Automotive engineering services, Inspection and testing services, Car rental and leasing, and Driving centre. The Bus segment provides scheduled services and coach rental services; Bus station segment provides public bus services; Rail segment provides rail services, and the Taxi segment rents out taxis and taxi bureau services. The Automotive engineering services segment provides vehicular maintenance and repair services, construction of specialized vehicles, assembly of bus bodies, engineering services and diesel. The Inspection and testing services segment provides motor vehicle inspection services and non-vehicle testing, inspection and consultancy services. The Car rental and leasing segment includes renting and leasing of cars. The Driving centre segment operates driving schools.

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 2.40.

The projected upper bound is: 2.70.

The projected lower bound is: 2.51.

The projected closing price is: 2.61.

COMFORTDELGRO LD closed up 0.020 at 2.600. Volume was 12% below average (neutral) and Bollinger Bands were 40% wider than normal.

OpenHighLowCloseVolume
2.582.62.572.66,937,300

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

Moving Averages:10-period50-period200-period
Close:2.572.432.3
Volatility:182632
Volume:7,377,0907,907,1647,667,554

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

COMFORTDELGRO LD is currently 13.2% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into CMDG.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on CMDG.SI and have had this outlook for the last 12 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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 59.0909. This is not an overbought or oversold reading. The last signal was a sell 8 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 68.19. 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 2 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 83. This is not a topping or bottoming area. The last signal was a sell 1 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 12 period(s) ago.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 3 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 15 black candles for a net of 13 white 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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