Malaysia: Dutch Lady Milk Industries Bhd (DBMS:KL) A Look Inside the Technicals
Overall, the bias in prices is: Upwards.
By the way, prices are vulnerable to a correction towards 66.79.
The projected upper bound is: 69.70.
The projected lower bound is: 65.61.
The projected closing price is: 67.65.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 0 white candles and 9 black candles for a net of 9 black candles. During the past 50 bars, there have been 23 white candles and 21 black candles for a net of 2 white 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.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 4.1792. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 6 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 47.05. 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 6 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 -79. This is not a topping or bottoming area. The last signal was a sell 6 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.
Rex Takasugi – TD Profile
DUTCH LADY MILK closed down -0.300 at 67.640. Volume was 89% below average (consolidating) and Bollinger Bands were 17% wider than normal.
Open High Low Close Volume___
67.940 67.940 67.620 67.640 4,100
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 69.10 67.11 62.04
Volatility: 22 19 21
Volume: 5,030 20,874 26,934
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.
DUTCH LADY MILK is currently 9.0% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into DBMS.KL (mildly bullish). Our trend forecasting oscillators are currently bullish on DBMS.KL and have had this outlook for the last 20 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
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