GSS Energy Ltd HEFFX Highlights

GSS Energy Ltd 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 moving.

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 -0.002 at 0.098. Volume was 24% below average (neutral) and Bollinger Bands were 24% narrower than normal.

OpenHighLowCloseVolume
0.10.1010.0980.0982,904,100

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

Moving Averages:10-period50-period200-period
Close:0.10.110.12
Volatility:315147
Volume:2,795,4615,981,3822,673,459

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 17.5% 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 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 21 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

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 17.8572. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 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 36.14. 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 12 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 -117.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. 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 2 period(s) ago.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 0 white candles and 7 black candles for a net of 7 black candles. During the past 50 bars, there have been 15 white candles and 29 black candles for a net of 14 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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