Dubai Islamic Bank (JDIB:AM) Stock Oversold
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 1.30.
The projected lower bound is: 1.22.
The projected closing price is: 1.26.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candles. During the past 50 bars, there have been 14 white candles and 16 black candles for a net of 2 black candles.
Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white (which is not the case with JD ISLAMIC BK) then this suggests that the uptrend should continue.
If the separating lines occur during a downtrend (which appears to be the case with JD ISLAMIC BK) and the first line is white and the second is black (which is the case with JD ISLAMIC BK) then this suggests that the downtrend should continue.
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 16.6667. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 1 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 36.67. 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 68 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 -200.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 8 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 2 period(s) ago.
Rex Takasugi – TD Profile
JD ISLAMIC BK closed down -0.020 at 1.260. Volume was 0% above average (neutral) and Bollinger Bands were 54% narrower than normal.
Open High Low Close Volume___
1.270 1.270 1.260 1.260 38,060
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 1.28 1.29 1.27
Volatility: 12 18 24
Volume: 10,980 29,991 38,726
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.
JD ISLAMIC BK is currently 0.8% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect moderate flows of volume out of JDIB.AM (mildly bearish). Our trend forecasting oscillators are currently bearish on JDIB.AM and have had this outlook for the last 28 periods.
We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.