IOI PROPERTIES GROUP HEFFX Highlights

IOI PROPERTIES GROUP HEFFX Highlights

IOI Properties Group Berhad is an investment holding company. The Company’s segments include Property development, which is engaged in the development of residential, commercial and industrial properties; Property investment, which invests in shopping mall, office complex and other properties; Leisure & hospitality, which is engaged in management and operation of hotels, resorts and golf course, and Other operations, which is engaged in project and building services management, landscape services and other operations. Its properties at Malaysia (Selangor) include 16 Sierra, Puchong South; Bandar Puteri Puchong & Puchong Jaya; IOI Resort City, Putrajaya; Bandar Puteri Bangi, Bangi, and Warisan Puteri, Sepang. Its properties in other states of Malaysia include Bandar IOI Bahau, Negeri Sembilan; Bandar Putra Kulai, Johor; Bandar Putra Segamat, Johor; Desaria, Penang, and Bandar Kempas Utama, Johor. Its managed projects include PJ Midtown, Bandar Puteri Klang and The Clio Residences.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 1.55.

The projected upper bound is: 1.59.

The projected lower bound is: 1.35.

The projected closing price is: 1.47.

IOI PROPERTIES closed down -0.040 at 1.470. Volume was 56% below average (consolidating) and Bollinger Bands were 17% narrower than normal.

OpenHighLowCloseVolume
1.511.531.471.47527,900

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

Moving Averages:10-period50-period200-period
Close:1.541.571.61
Volatility:445050
Volume:1,272,7801,014,6941,336,866

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

IOI PROPERTIES is currently 8.5% 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 IOIP.KL at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on IOIP.KL 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 34.3750. 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 38.72. 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 71 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 -93. 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 7 period(s) ago.

Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles. During the past 50 bars, there have been 18 white candles and 23 black candles for a net of 5 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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