GSS Energy HEFFX Highlights: To touch 0.093

GSS Energy HEFFX Highlights: To touch 0.093

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 moving.

Intermediate term: Prices are trending.

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 -0.006 at 0.102. Volume was 45% above average (neutral) and Bollinger Bands were 7% narrower than normal.

OpenHighLowCloseVolume
0.1080.110.1020.1025,009,400

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

Moving Averages:10-period 50-period200-period
Close:0.110.110.12
Volatility:365646
Volume:5,246,8615,359,4302,501,305

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 16.9% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of GSSE.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GSSE.SI and have had this outlook for the last 5 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 0.0000. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 8 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 30.89. 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 21 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 -202.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 25 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 20 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 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 21 white candles and 24 black candles for a net of 3 black candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

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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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