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 stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 0.33.

The projected lower bound is: 0.30.

The projected closing price is: 0.32.

COSCO SHIPPING closed unchanged at 0.315. Volume was 4% below average (neutral) and Bollinger Bands were 24% narrower than normal.

Open     High      Low     Close     Volume
0.315    0.315    0.305    0.315   2,647,700

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

Moving Averages: 10-period     50-period     200-period
Close:              0.32           0.31           0.34
Volatility:           36             38             40
Volume:        2,305,680      2,064,036      4,040,946

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

COSCO SHIPPING is currently 7.7% below its 200-period moving average and is in an upward 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 volume flowing into and out of COSC.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on COSC.SI and have had this outlook for the last 6 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 25.0000. 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 48.43. 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 47 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 -89. This is not a topping or bottoming area. The last signal was a sell 3 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 0 period(s) ago.

Candlesticks

During the past 10 bars, there have been 3 white candles and 3 black candles. During the past 50 bars, there have been 11 white candles and 18 black candles for a net of 7 black candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

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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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