COSCO Shipping International HEFFX Highlights

COSCO Shipping International HEFFX Highlights

COSCO Shipping International (Singapore) Co., Ltd provides logistics management services. The Company’s segments include Logistics, Property Management, Dry Bulk Shipping and Ship Repair and Marine Engineering. The Logistics segment business comprises primarily of warehousing services management, container depot services management, automotive logistics services and transportation services in Singapore. Dry Bulk Shipping segment is engaged in global transport of dry bulk cargos, typically grain, iron ore, coal, steel, cement and fertilizer. Ship repair and marine engineering segment includes fabrication works services and production of marine outfitting components. Property Management segment is engaged in the operation of shopping and lifestyle hubs in Singapore. Its subsidiaries include COSCO (Singapore) Pte Ltd, COSCO Marine Engineering (Singapore) Pte Ltd and Cogent Holdings Pte. Ltd.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 0.33.

The projected upper bound is: 0.32.

The projected lower bound is: 0.28.

The projected closing price is: 0.30.

COSCO SHIPPING closed unchanged at 0.300. Volume was 40% below average (neutral) and Bollinger Bands were 70% wider than normal.

Open     High      Low     Close     Volume
0.300    0.305    0.295    0.300   2,294,100

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

Moving Averages: 10-period     50-period     200-period
Close:              0.30           0.33           0.36
Volatility:           35             38             41
Volume:        2,579,960      3,398,180      4,956,265

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.


COSCO SHIPPING is currently 15.8% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume out of COSC.SI (mildly bearish). Our trend forecasting oscillators are currently bearish on COSC.SI and have had this outlook for the last 17 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.


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 33.3335. This is not an overbought or oversold reading. The last signal was a buy 4 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 31.98. 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 4 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 -69. This is not a topping or bottoming area. The last signal was a buy 4 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 19 period(s) ago.


During the past 10 bars, there have been 1 white candles and 3 black candles for a net of 2 black candles. During the past 50 bars, there have been 7 white candles and 21 black candles for a net of 14 black candles.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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