Incitec Pivot Ltd (ASX:IPL) Long Term Bullish Outlook

Incitec Pivot Ltd (ASX:IPL) Long Term Bullish Outlook

Incitec Pivot Ltd (ASX:IPL) Long Term Bullish Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 3.84.

The projected lower bound is: 3.52.

The projected closing price is: 3.68.

Incitec Pivot Ltd

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 2 white candles and 7 black candles for a net of 5 black candles. During the past 50 bars, there have been 20 white candles and 25 black candles for a net of 5 black candles.

Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white (which is the case with INCITEC PV FPO) then this suggests that the uptrend should continue.

If the separating lines occur during a downtrend (which appears to be the case with INCITEC PV FPO) and the first line is white and the second is black (which is not the case with INCITEC PV FPO) then this suggests that the downtrend should continue.

Momentum Indicators
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 38.7098. This is not an overbought or oversold reading. The last signal was a buy 2 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 43.86. 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 67 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 -55. 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 19 period(s) ago.

Rex Takasugi – TD Profile

INCITEC PV FPO closed up 0.050 at 3.680. Volume was 36% above average (neutral) and Bollinger Bands were 10% narrower than normal.

Open High Low Close Volume___
3.650 3.730 3.630 3.680 7,835,609

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

Moving Averages: 10-period 50-period 200-period
Close: 3.69 3.77 3.26
Volatility: 19 27 37
Volume: 5,467,573 5,591,392 6,206,702

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
INCITEC PV FPO is currently 12.8% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of IPL.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on IPL.AX and have had this outlook for the last 8 periods.

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