M1 Limited HEFFX Highlights

M1 Limited HEFFX Highlights

M1 Limited is a Singapore-based communications company. The principal activities of the Company and its subsidiaries are the provision of telecommunications services, international call services and fixed services, retail sales of telecommunications equipment and accessories, and customer services. The Company operates fourth generation long-term evolution (4G/LTE), third generation (3G)/high speed packet access (HSPA) networks. It provides customers with a range of voice, data, and postpaid and prepaid mobile services. It offers International Direct Dial (IDD) services, as well as an International Calling Card service. The Company trades wholesale voice minutes with other international and local service providers, as well as provides dark fiber services to carriers and data centers. The Company offers a range of mobile and fixed services, including connectivity solutions, managed services, cloud solutions, cyber security solutions, machine-to-machine (M2M) and data center services.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 2.07.

The projected lower bound is: 2.03.

The projected closing price is: 2.05.

M1 LIMITED closed down -0.010 at 2.050. Volume was 90% below average (consolidating) and Bollinger Bands were 48% narrower than normal.

OpenHighLowCloseVolume
2.062.062.052.05145,900

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

Moving Averages:10-period50-period200-period
Close:2.052.061.89
Volatility:7740
Volume:244,7101,634,5821,651,837

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

M1 LIMITED is currently 8.6% above its 200-period moving average and is in an upward 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 MONE.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on MONE.SI and have had this outlook for the last 17 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

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 33.3333. This is not an overbought or oversold reading. The last signal was a buy 1 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 47.26. 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 36 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 -47. This is not a topping or bottoming area. The last signal was a sell 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 buy 20 period(s) ago.

Candlesticks

A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

During the past 10 bars, there have been 2 white candles and 2 black candles. During the past 50 bars, there have been 12 white candles and 9 black candles for a net of 3 white candles.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

You must be logged in to post comments :  
CONNECT WITH