Dubai Islamic Bank (JDIB:AD) Heffx Trading Outlook

Dubai Islamic Bank (JDIB:AD) Heffx Trading Outlook

Dubai Islamic Bank (JDIB:AD) Heffx Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 1.33.

The projected lower bound is: 1.25.

The projected closing price is: 1.29.

Dubai Islamic Bank

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 2 black candles for a net of 1 white candles. During the past 50 bars, there have been 14 white candles and 16 black candles for a net of 2 black candles.

Momentum Indicators
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 16.6667. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 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 51.31. 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 65 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 27. This is not a topping or bottoming area. The last signal was a sell 5 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 6 period(s) ago.

Rex Takasugi – TD Profile

JD ISLAMIC BK closed up 0.010 at 1.290. Volume was 86% below average (consolidating) and Bollinger Bands were 55% narrower than normal.

Open High Low Close Volume___
1.280 1.290 1.280 1.290 5,325

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

Moving Averages: 10-period 50-period 200-period
Close: 1.29 1.29 1.27
Volatility: 13 18 24
Volume: 12,786 35,605 39,088

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
JD ISLAMIC BK is currently 1.5% above its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of JDIB.AM at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on JDIB.AM and have had this outlook for the last 25 periods.

We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.

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HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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