Malaysia Airports Holdings Berhad HEFFX Highlights

Malaysia Airports Holdings Berhad HEFFX Highlights

Malaysia Airports Holdings Berhad is an investment holding company. The Company operates through the segments, which include Malaysia Operations and Overseas Operations. Its Malaysia Operations segment includes duty free and non-dutiable goods, airport services, agriculture and horticulture, hotel, and project and repair maintenance services. Its Overseas Operations segment includes project and repair maintenance, and airport services. It provides management service in respect of food and beverage outlets at designated airports. It manages, operates and maintains designated airports in Malaysia and provides airport related services. It cultivates and sells oil palm and other agricultural products. It manages and operates a hotel, Sama-Sama Hotel and Sama-Sama Express K.L. International Airport. It is also engaged in providing consultancy, operations and maintenance of information and communication technology business ventures, and provision of mechanical and electrical engineering.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 7.42.

The projected upper bound is: 6.85.

The projected lower bound is: 6.32.

The projected closing price is: 6.58.

MALAYSIA AIRPORT closed down -0.140 at 6.610. Volume was 9% above average (neutral) and Bollinger Bands were 84% wider than normal.

OpenHighLowCloseVolume
6.776.856.66.612,660,600

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

Moving Averages:10-period50-period200-period
Close:7.037.718.36
Volatility:182229
Volume:3,987,3102,817,0863,180,664

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

MALAYSIA AIRPORT is currently 20.9% below 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 very strong flows of volume out of MAHB.KL (bearish). Our trend forecasting oscillators are currently bearish on MAHB.KL and have had this outlook for the last 25 periods. Our momentum oscillator is currently indicating that MAHB.KL is currently in an oversold condition.

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 7.9365. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 22 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 12.11. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 32 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 -208.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 8 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 27 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 0 white candles and 7 black candles for a net of 7 black candles. During the past 50 bars, there have been 19 white candles and 25 black candles for a net of 6 black candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

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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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