Golden Agri-Resources Ltd (SGX:E5H) HEFFX Trading Outlook

Golden Agri-Resources Ltd (SGX:E5H) HEFFX Trading Outlook

Golden Agri-Resources Ltd (SGX:E5H) HEFFX Trading Outlook

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

The projected upper bound is: 0.39.

The projected lower bound is: 0.35.

The projected closing price is: 0.37.

Golden Agri-Resources Ltd is a palm oil plantation company. The Company is engaged as an investment holding company. Its primary activities include cultivating and harvesting oil palm trees, processing fresh fruit bunches (FFB) into crude palm oil (CPO) and palm kernel (PK), refining CPO into industrial and consumer products, as well as merchandising palm products across the world. It operates through four segments: plantation and palm oil mills, palm and laurics, oilseeds and others. The plantation and palm oil mills segment consists of the products from upstream business. The palm and laurics segment consists of the processing and merchandising of palm-based products, such as bulk and branded, as well as oleo chemicals. The oilseeds segment consists of the processing and merchandising of oilseeds-based products, such as bulk and branded, and the others segment consists of the production and distribution of food and consumer products in China and Indonesia.

GOLDEN AGRI closed down -0.010 at 0.370. Volume was 217% above average (trending) and Bollinger Bands were 51% wider than normal.

Open       High         Low           Close         Volume
0.375       0.380        0.370        0.370        47,485,572

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

Moving Averages: 10-period           50-period         200-period
Close:                       0.38                    0.38                   0.38
Volatility:                32                        28                       32
Volume:                   15,099,720        13,862,718        20,116,292

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
GOLDEN AGRI is currently 2.5% below 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 GAGR.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GAGR.SI and have had this outlook for the last 8 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

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 33.3333. This is not an overbought or oversold reading. 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 40.34. 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 152 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 -67. This is not a topping or bottoming area. The last signal was a buy 2 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 11 period(s) ago.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

You must be logged in to post comments :  
CONNECT WITH