Kunlun Energy Company Limited (HKG:0135) HEFFX Highlights

Kunlun Energy Company Limited (HKG:0135) HEFFX Highlights

Kunlun Energy Company Limited (HKG:0135) HEFFX Highlights

  • Only oil and gas prospector and producer Kunlun Energy has its shares listed overseas, among the six utilities that saw their international debt downgraded. It’s off the electricity grid and therefore not quite the security risk that the other companies present.
  • In terms of EBITDA Yield, Kunlun Energy Company Limited (SEHK:135) currently has a value of 14.83%. This value is derived by dividing EBITDA by Enterprise Value.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 7.44.

The projected lower bound is: 6.73.

The projected closing price is: 7.09.

KUNLUN ENERGY closed down -0.030 at 7.080. Volume was 54% below average (consolidating) and Bollinger Bands were 51% narrower than normal.

Open    High     Low       Close     Volume
7.080    7.130    7.050    7.080    7,032,213

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

Moving Averages: 10-period      50-period       200-period
Close:                      7.09                7.17                  6.31
Volatility:               16                    30                    23
Volume:                 8,812,105      14,854,655      12,776,552

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
KUNLUN ENERGY is currently 12.1% above 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 0135.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on 0135.HK and have had this outlook for the last 23 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 68.1817. This is not an overbought or oversold reading. The last signal was a sell 10 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 49.71. 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 30 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 55. This is not a topping or bottoming area. The last signal was a sell 7 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 9 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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