Malaysia Airports Holdings Berhad (KLSE:AIRPORT) HEFFX Highlights

Malaysia Airports Holdings Berhad (KLSE:AIRPORT) HEFFX Highlights

Malaysia Airports Holdings Berhad (KLSE:AIRPORT) HEFFX Highlights

  • Turkey’s TAV mulls bid for stake in Malaysia Airports unit
  • Malaysia Airports said to plan stake sale in Istanbul airport
  • A Malaysian Airports Customs official shows seized endangered ploughshare and radiated tortoises
  • Alibaba Is Betting Big On Malaysia
  • Malaysia projected to receive three million China tourists in 2017

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: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

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

By the way, prices are vulnerable to a correction towards 7.54.

The projected upper bound is: 8.65.

The projected lower bound is: 8.08.

The projected closing price is: 8.36.

MALAYSIA AIRPORT closed unchanged at 8.330. Volume was 3% above average (neutral) and Bollinger Bands were 117% wider than normal.

Open        High       Low         Close        Volume
8.430      8.490      8.320      8.330      4,137,800

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

Moving Averages: 10-period       50-period      200-period
Close:                       8.16                 7.38                6.62
Volatility:                17                     25                   24
Volume:                  4,443,720      4,961,584      2,593,691

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 25.7% above 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 MAHB.KL (mildly bullish). Our trend forecasting oscillators are currently bullish on MAHB.KL and have had this outlook for the last 82 periods. Our momentum oscillator is currently indicating that MAHB.KL is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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 68.1818. This is not an overbought or oversold reading. The last signal was a sell 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 79.47. This is where it usually tops. 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 37 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 159.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. 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 16 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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