Malaysia: My EG Services Bhd (MYEG:KL) Stock Worth Watching at 0.40
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 1.61.
The projected upper bound is: 1.21.
The projected lower bound is: 0.31.
The projected closing price is: 0.76.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 22 white candles and 23 black candles for a net of 1 black candles.
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 32.0755. This is not an overbought or oversold reading. The last signal was a buy 4 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 24.68. 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 40 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 -52. This is not a topping or bottoming area. The last signal was a buy 1 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 buy 3 period(s) ago.
Rex Takasugi – TD Profile
MY E.G. SERVICES closed up 0.065 at 0.800. Volume was 237% above average (trending) and Bollinger Bands were 233% wider than normal.
Open High Low Close Volume___
0.740 0.810 0.730 0.800 141,379,904
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 0.80 2.10 2.23
Volatility: 198 185 99
Volume: 185,631,744 66,912,768 23,680,672
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.
MY E.G. SERVICES is currently 64.1% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of MYEG.KL at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on MYEG.KL and have had this outlook for the last 36 periods. Our momentum oscillator is currently indicating that MYEG.KL is currently in an oversold condition. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.