Jiutian Chemical Weekly HEFFX Highlights

Jiutian Chemical Weekly 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 stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 0.02.

The projected upper bound is: 0.02.

The projected lower bound is: 0.02.

The projected closing price is: 0.02.

JIUTIAN CHEMICAL closed up 0.001 at 0.019. Volume was 84% below average (consolidating) and Bollinger Bands were 20% narrower than normal.

OpenHighLowCloseVolume
0.0190.0190.0190.0191,000,000

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

Moving Averages:10-period50-period50-period
Close:0.020.020.03
Volatility:649289
Volume:3,579,6915,187,0128,659,972

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 gapped up today (bullish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
JIUTIAN CHEMICAL is currently 25.8% 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 moderate flows of volume into JUTN.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on JUTN.SI and have had this outlook for the last 18 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 20.0000. The last signal was a buy 8 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 51.99. 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 106 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 -7. This is not a topping or bottoming area. The last signal was a buy 0 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 5 period(s) ago.

Candlesticks

During the past 10 bars, there have been 0 white candles and 4 black candles for a net of 4 black candles. During the past 50 bars, there have been 6 white candles and 18 black candles for a net of 12 black candles.

A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 3 rising windows in the last 50 candles–this makes the current rising window even more bullish.

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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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