Comfortdelgro Corporation Ltd (SGX:C52) HEFFX Trading Outlook
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 2.09.
The projected lower bound is: 1.91.
The projected closing price is: 2.00.
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.
COMFORTDELGRO closed down -0.040 at 2.000. Volume was 163% above average (trending) and Bollinger Bands were 31% narrower than normal.
Open High Low Close Volume
2.020 2.030 1.990 2.000 27,430,000
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 2.05 2.03 2.32
Volatility: 26 29 26
Volume: 8,803,190 9,916,538 9,937,401
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.
COMFORTDELGRO is currently 13.9% below 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 CMDG.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on CMDG.SI and have had this outlook for the last 26 periods.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 18.1818. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 13 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 43.29. 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 45 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 -175.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 10 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 sell 0 period(s) ago.