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Fast Retailing
Ticker: OTC:FRCOF
Price: $876.50
Business Summary
FAST RETAILING CO., LTD. is a Japan-based holding company primarily engaged in the clothing business.
The Company operates in four business segments. The Japan UNIQLO segment is engaged in the sale of casual clothing such as men’s, women’s, children’s and babies’ clothing, as well as other goods in Japan market under the brand of UNIQLO.
The Overseas UNIQLO segment is engaged in the sale of casual clothing in overseas markets under the brand of UNIQLO. The GU segment is engaged in the sale of casual clothing in Japan and overseas markets under the brand of GU.
The Global Brand segment is engaged in the planning, manufacture and sale of clothing under the brands of Theory, COMPTOIR DES COTONNIERS, PRINCESSE tam.tam, PLST and J BRAND in Japan and overseas markets. The Company is also engaged in the real estate leasing business and other business.
Price Performance
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 673.89.
The projected upper bound is: 956.60.
The projected lower bound is: 814.07.
The projected closing price is: 885.33.
Candlesticks
WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert will be invalid (including the alerts, symbols, and this commentary). To detach this expert, right-click on the FAST RETAILING chart, choose Expert Advisor, and then choose Detach.
During the past 10 bars, there have been 0 white candles and 0 black candles. During the past 50 bars, there have been 7 white candles and 4 black candles for a net of 3 white candles.
A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 27 rising windows in the last 50 candles–this makes the current rising window even more bullish.
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 61.3127. 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 72.68. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 1 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 15 period(s) ago.
Rex Takasugi – TD Profile
FAST RETAILING closed up 88.500 at 876.500. Volume was 98% below average (consolidating) and Bollinger Bands were 113% wider than normal.
Open High Low Close Volume 876.500 876.500 876.500 876.500 1
Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 811.69 618.42 560.06 Volatility: 89 70 67 Volume: 21 53 99
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
FAST RETAILING gapped up today (bullish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
FAST RETAILING is currently 56.5% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into FRCOF.PK (bullish). Our trend forecasting oscillators are currently bullish on FRCOF.PK and have had this outlook for the last 46 periods. Our momentum oscillator is currently indicating that FRCOF.PK is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
Fast Retailing (OTC:FRCOF) High Growth Stock Worth Watching added by HEFFX on
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