GSS Energy HEFFX Highlights

GSS Energy HEFFX Highlights

GSS Energy Limited is a Singapore-based investment holding company. The Company operates through three segments: Mechanisms division, Microshafts division and Oil extraction. The Mechanisms division provides production technology to multi-national manufacturers in the field of home and car audio entertainment, communication, computer and office automation industries and medical industries. The Microsafts division focuses on the manufacturing of high precision shafts. The Oil extraction segment represents the operation of drilling and distribution of oil in Indonesia. Its other operations include marketing and provision of sales support services. Its subsidiaries include Giken Sakata (S) Limited, P.T. Giken Precision Indonesia, Changzhou Giken Precision Co., Ltd., GSS Energy Investment Holdings Limited, Cepu Sakti Energy Pte Ltd, P.T. Cepu Sakti Energy, GSS Energy Oilfield Management Limited, GSS Energy Trembul Limited, GSS Energy Sumatra Limited and P.T. Giken Technology Indonesia.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 0.11.

The projected upper bound is: 0.11.

The projected lower bound is: 0.09.

The projected closing price is: 0.10.

GSS ENERGY LTD closed down -0.004 at 0.102. Volume was 45% below average (neutral) and Bollinger Bands were 42% narrower than normal.

OpenHighLowCloseVolume
0.1060.1070.1020.1022,196,500

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

Moving Averages:10-period50-period200-period
Close:0.10.110.12
Volatility:484647
Volume:3,232,9615,358,8982,756,291

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

GSS ENERGY LTD is currently 13.3% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into GSSE.SI (mildly bullish). Our trend forecasting oscillators are currently bearish on GSSE.SI and have had this outlook for the last 26 periods.

Momentum

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 72.0000. This is not an overbought or oversold reading. The last signal was a sell 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 44.81. 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 17 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 15. This is not a topping or bottoming area. The last signal was a buy 3 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 3 period(s) ago.

Candlesticks

A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 1 white candles and 5 black candles for a net of 4 black candles. During the past 50 bars, there have been 13 white candles and 29 black candles for a net of 16 black candles.

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John Heffernan

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

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