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 0.44.

The projected upper bound is: 0.55.

The projected lower bound is: 0.48.

The projected closing price is: 0.52.

MEDIA PRIMA BHD closed up 0.005 at 0.515. Volume was 109% above average (neutral) and Bollinger Bands were 170% wider than normal.

OpenHighLowCloseVolume
0.520.5250.50.5152,457,400

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

Moving Averages:10-period50-period200-period
Close:0.490.410.44
Volatility:715374
Volume:4,255,4501,697,4542,108,777

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 16.9% 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 very strong flows of volume into MPRM.KL (bullish). Our trend forecasting oscillators are currently bullish on MPRM.KL and have had this outlook for the last 37 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 52.6315. This is not an overbought or oversold reading. The last signal was a sell 2 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 71.74. 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 2 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 91. This is not a topping or bottoming area. The last signal was a sell 2 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 11 period(s) ago.

Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 2 black candles for a net of 3 white candles. During the past 50 bars, there have been 22 white candles and 16 black candles for a net of 6 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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