Comfortdelgro Corporation Ltd HEFFX Highlights

Comfortdelgro Corporation Ltd 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 2.29.

The projected upper bound is: 2.55.

The projected lower bound is: 2.36.

The projected closing price is: 2.46.

COMFORTDELGRO LD closed up 0.010 at 2.450. Volume was 28% below average (neutral) and Bollinger Bands were 1% wider than normal.

Open High LowCloseVolume
2.442.462.422.455,960,400

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

Moving Averages: 10-period 50-period200-period
Close:2.412.242.28
Volatility:182733
Volume:8,864,2087,564,2498,236,700

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 7.3% 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 CMDG.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on CMDG.SI and have had this outlook for the last 42 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 72.0000. This is not an overbought or oversold reading. The last signal was a sell 5 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 68.69. 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 13 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 93. 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 22 period(s) ago.

Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 26 white candles and 17 black candles for a net of 9 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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