Philippine Stock Exchange Inc (PSE:PS) Heffx Daily Technicals
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 225.07.
The projected upper bound is: 218.70.
The projected lower bound is: 208.10.
The projected closing price is: 213.40.
During the past 10 bars, there have been 2 white candles and 5 black candles for a net of 3 black candles. During the past 50 bars, there have been 10 white candles and 29 black candles for a net of 19 black candles.
A long legged doji occurred. If this occurs during an uptrend it often signifies a top.
A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
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 37.3134. This is not an overbought or oversold reading. The last signal was a buy 1 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 28.38. 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 buy 15 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 -84. 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 sell 12 period(s) ago.
Rex Takasugi – TD Profile
PHIL STK EXCH closed unchanged at 214.000. Volume was 75% below average (consolidating) and Bollinger Bands were 56% wider than normal.
Open High Low Close Volume___
214.000 214.000 209.000 214.000 3,970
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 215.40 232.30 235.69
Volatility: 15 15 17
Volume: 8,007 14,235 12,127
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.
PHIL STK EXCH is currently 9.2% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect moderate flows of volume out of PSE.PS (mildly bearish). Our trend forecasting oscillators are currently bearish on PSE.PS and have had this outlook for the last 34 periods. Our momentum oscillator is currently indicating that PSE.PS is currently in an oversold condition.