GSS Energy Ltd (SGX:41F) Trading Outlook

GSS Energy Ltd (SGX:41F) Trading Outlook

GSS Energy Ltd (SGX:41F) Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 0.18.

The projected lower bound is: 0.16.

The projected closing price is: 0.17.

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.

GSS ENERGY closed up 0.012 at 0.168. Volume was 562% above average (trending) and Bollinger Bands were 2% wider than normal.

Open       High       Low           Close        Volume
0.174       0.178       0.165        0.168        34,171,800

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

Moving Averages: 10-period      50-period        200-period
Close:                      0.16                 0.16                  0.16
Volatility:               56                    43                      52
Volume:                 5,292,551        6,316,922        11,307,741

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 gapped up today (bullish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
GSS ENERGY is currently 2.7% above its 200-period moving average and is in an downward 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 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 15 periods.

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 58.1395. 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 57.94. 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 24 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 214.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 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 0 period(s) ago.

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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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