Jiutian Chemical HEFFX Highlights

Jiutian Chemical HEFFX Highlights

Jiutian Chemical Group Limited is an investment holding company. The Company is engaged in the manufacture and production of dimethylformamide (DMF) and methylamine. It is involved in the processing and sale of consumable carbon dioxide and oxygen. It operates through two business divisions: DMF division, which is engaged in producing DMF as its main product and methylamine as its secondary product, and Gas division, which is engaged in producing consumable carbon dioxide and oxygen. Its facilities have a total annual manufacturing capacity of over 150,000 tons of DMF and methylamine. It has a storage and distribution facility in Changzhou City, which handles approximately 40,000 tons of DMF annually. Its subsidiaries include Changzhou Jiutian Xiean Chemical Co., Ltd., which sells methylamine, polyurethane and downstream products, and Henan Herunsheng Isotope Technology Co., Ltd., which develops isotope technology, and manufactures and trades Oxygen 18 and deuterium depleted water.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

The projected upper bound is: 0.02.

The projected lower bound is: 0.02.

The projected closing price is: 0.02.

JIUTIAN CHEMICAL closed unchanged at 0.018. Volume was 41% below average (neutral) and Bollinger Bands were 22% narrower than normal.

OpenHighLowCloseVolume
0.0190.0190.0180.0183,832,600

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

Moving Averages:10-period50-period200-period
Close:0.020.020.03
Volatility:609389
Volume:4,999,5815,517,8248,781,841

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

JIUTIAN CHEMICAL is currently 30.7% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of JUTN.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on JUTN.SI and have had this outlook for the last 15 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 16.6667. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 5 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 44.80. 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 103 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 -97. This is not a topping or bottoming area. The last signal was a sell 9 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 2 period(s) ago.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 0 white candles and 6 black candles for a net of 6 black candles. During the past 50 bars, there have been 6 white candles and 18 black candles for a net of 12 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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