Comfortdelgro Corporation Weekly HEFFX Highlights: $2.6 target

Comfortdelgro Corporation Weekly HEFFX Highlights: $2.6 target

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 stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 2.66.

The projected lower bound is: 2.47.

The projected closing price is: 2.56.

COMFORTDELGRO LD closed down -0.010 at 2.560. Volume was 4% above average (neutral) and Bollinger Bands were 2% wider than normal.

OpenHighLowCloseVolume
2.562.582.552.567,804,500

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages:10-period 50-period200-period
Close:2.642.552.33
Volatility:382430
Volume:8,215,8757,592,6377,762,269

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 9.8% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into CMDG.SI (mildly bullish). Our trend forecasting oscillators are currently bearish on CMDG.SI and have had this outlook for the last 1 periods.

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 21.0526. 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 43.70. 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 3 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 -124.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 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 sell 3 period(s) ago.

Candlesticks

During the past 10 bars, there have been 4 white candles and 2 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 14 black candles for a net of 8 white candles.

A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.

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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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