Insurance Australia Group (ASX:IAG) Heffx Technical Analysis
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
The projected upper bound is: 6.87.
The projected lower bound is: 6.26.
The projected closing price is: 6.57.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 23 white candles and 22 black candles for a net of 1 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 69.0266. This is not an overbought or oversold reading. The last signal was a sell 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 62.25. 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 40 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 155.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 7 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 25 period(s) ago.
Rex Takasugi – TD Profile
INSURANCE AUSTRA closed up 0.010 at 6.570. Volume was 15% above average (neutral) and Bollinger Bands were 42% narrower than normal.
Open High Low Close Volume___
6.590 6.655 6.560 6.570 6,460,775
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 6.49 6.42 6.31
Volatility: 12 30 24
Volume: 3,216,702 5,262,415 5,725,003
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.
INSURANCE AUSTRA is currently 4.2% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of IAG.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on IAG.AX and have had this outlook for the last 16 periods.