FAR Ltd (ASX:FAR) Time to Buy?
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 0.08.
The projected lower bound is: 0.07.
The projected closing price is: 0.08.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 6 black candles for a net of 3 black candles. During the past 50 bars, there have been 13 white candles and 23 black candles for a net of 10 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 the case with FAR FPO) then this suggests that the uptrend should continue.
If the separating lines occur during a downtrend (which appears to be the case with FAR FPO) and the first line is white and the second is black (which is not the case with FAR FPO) 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 33.3333. This is not an overbought or oversold reading. The last signal was a buy 0 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 49.27. 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 45 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 -53. This is not a topping or bottoming area. The last signal was a buy 0 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 6 period(s) ago.
Rex Takasugi – TD Profile
FAR FPO closed up 0.003 at 0.077. Volume was 59% above average (neutral) and Bollinger Bands were 1% wider than normal.
Open High Low Close Volume___
0.075 0.077 0.074 0.077 12,072,116
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.08 0.08 0.08
Volatility: 52 51 48
Volume: 13,201,192 8,162,543 7,675,988
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.
FAR FPO is currently 1.6% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of FAR.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FAR.AX and have had this outlook for the last 3 periods.
We are aware of the heightened political tensions globally, these must be monitored daily to protect your portfolio.
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