Jardine Matheson Holdings Limited (SGX:J36) HEFFX Highlights

Jardine Matheson Holdings Limited (SGX:J36) HEFFX Highlights

Jardine Matheson Holdings Limited (SGX:J36) HEFFX Highlights

  • Shares of Jardine Matheson Holdings Ltd (J36.SI) have seen the needle move -0.99% or -0.66 in the most recent session. The SES listed company saw a recent bid of $66.300 on 224800 volume.
  • Malaysian developer IOI Properties has named Jardine Matheson Group subsidiary Hongkong Land as its partner to jointly develop and manage a prime Central Boulevard site in Singapore.
  • The 1.1 ha (118,400 sq ft) land parcel is in Singapore’s central business district, near Asia Square Tower 1, One Raffles Quay, Marina Bay Suites, as well as Lau Pa Sat.
  • Once the joint venture is set up, IOI Properties will hold 67 per cent of the joint-venture company and Hongkong Land will hold 33 per cent.

Jardine Matheson Holdings Limited is a Singapore-based diversified business company focused principally on Asia. The Company operates through eight segments: Jardine Pacific, Jardine Motors, Jardine Lloyd Thompson, Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Astra International. The Company’s principal subsidiaries include Dairy Farm International Holdings Ltd, Hongkong Land Holdings Ltd, Jardine Cycle & Carriage Ltd, Jardine Matheson Ltd, Jardine Motors Group Holdings Ltd, Jardine Pacific Holdings Ltd, Jardine Strategic Holdings Ltd, Mandarin Oriental International Ltd, Matheson & Co., Ltd and PT Astra International Tbk. The Company’s subsidiaries provide services in the fields of engineering and construction, transport services, insurance broking, property investment and development, retailing, restaurants, luxury hotels, motor vehicles and related activities, financial services, heavy equipment, mining and agribusiness.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

The projected upper bound is: 68.75.

The projected lower bound is: 63.93.

The projected closing price is: 66.34.

JARDINE MATH closed down -0.660 at 66.300. Volume was 28% below average (neutral) and Bollinger Bands were 30% wider than normal.

Open        High        Low         Close        Volume
66.060    66.900    66.060    66.300    224,800

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period    50-period    200-period
Close:                       65.90           64.90           61.42
Volatility:                17                  24                 24
Volume:                  519,688        309,182      303,984

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

JARDINE MATH is currently 8.0% 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 very strong flows of volume into JARD.SI (bullish). Our trend forecasting oscillators are currently bullish on JARD.SI and have had this outlook for the last 6 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 75.7302. This is not an overbought or oversold reading. The last signal was a sell 0 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 57.71. 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 64 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 73. This is not a topping or bottoming area. The last signal was a sell 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 14 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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