Media Prima HEFFX Highlights

Media Prima HEFFX Highlights

Media Prima Berhad is Malaysia-based integrated media company. The Company is engaged in commercial television and radio broadcasting, media advertising, digital media, sale of program rights, provision of outdoor advertising space and related production works, content creation, talent management and publishing and sale of newspapers. Its segments include Television Networks, Radio Networks, Outdoor Media, Print Media, Digital Media, Content Creation, and Corporate and Others. It holds interest in TV3, 8TV, ntv7 and TV9. It also holds interest in The New Straits Times Press (Malaysia) Berhad, which is a publisher with three national newspapers, including New Straits Times, Berita Harian and Harian Metro. It also owns over three radio stations, Fly Fm, Hot FM and one FM. It operates in the out-of-home advertising sector and is represented in the market by the brand names: Big Tree Outdoor Sdn Bhd, Kurnia Outdoor Sdn Bhd, The Right Channel Sdn Bhd, Gotcha Sdn Bhd and UPD Sdn Bhd.

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 0.41.

The projected upper bound is: 0.51.

The projected lower bound is: 0.45.

The projected closing price is: 0.48.

MEDIA PRIMA BHD closed down -0.005 at 0.475. Volume was 410% above average (trending) and Bollinger Bands were 83% wider than normal.

OpenHighLowCloseVolume
0.4650.4750.4550.4755,111,700

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

Moving Averages:10-period50-period200-period
Close:0.440.390.43
Volatility:604874
Volume:3,777,7901,343,2002,094,924

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
MEDIA PRIMA BHD is currently 9.2% 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 MPRM.KL (mildly bullish). Our trend forecasting oscillators are currently bullish on MPRM.KL and have had this outlook for the last 31 periods. Our momentum oscillator is currently indicating that MPRM.KL is currently in an overbought 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 73.0769. This is not an overbought or oversold reading. The last signal was a sell 13 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 74.94. 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 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 126.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 13 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 5 period(s) ago.

Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 3 black candles for a net of 1 white candles. During the past 50 bars, there have been 23 white candles and 14 black candles for a net of 9 white candles.

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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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