Philippines: Century Pacific Food Inc (CNPF:PS) Watching for Entry at 15.69

Philippines: Century Pacific Food Inc (CNPF:PS) Watching for Entry at 15.69

Philippines: Century Pacific Food Inc (CNPF:PS) Watching for Entry at 15.69

Overall, the bias in prices is: Downwards.

The projected upper bound is: 17.06.

The projected lower bound is: 15.69.

The projected closing price is: 16.38.

Candlesticks

During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candles. During the past 50 bars, there have been 19 white candles and 20 black candles for a net of 1 black candles.

A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).

Momentum Indicators

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 23.8095. This is not an overbought or oversold reading. The last signal was a buy 0 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 44.16. 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 buy 27 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 -62. This is not a topping or bottoming area. The last signal was a buy 1 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 sell 2 period(s) ago.

Rex Takasugi – TD Profile

CENTURY PACIFIC closed down -0.100 at 16.400. Volume was 100% below average (consolidating) and Bollinger Bands were 16% narrower than normal.

Open High Low Close Volume___
16.400 16.400 16.400 16.400 1,100

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

Moving Averages: 10-period 50-period 200-period
Close: 16.71 16.70 16.32
Volatility: 24 27 29
Volume: 557,000 816,440 1,521,392

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

CENTURY PACIFIC is currently 0.5% 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 volume flowing into and out of CNPF.PS at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on CNPF.PS and have had this outlook for the last 17 periods.

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