Philippines: Jollibee Foods Corp (JFC:PS) Stock in Focus

Philippines: Jollibee Foods Corp (JFC:PS) Stock in Focus

Philippines: Jollibee Foods Corp (JFC:PS) Stock in Focus

Overall, the bias in prices is: Upwards.

The projected upper bound is: 304.54.

The projected lower bound is: 268.78.

The projected closing price is: 286.66.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 5 black candles for a net of 1 black candles. During the past 50 bars, there have been 19 white candles and 29 black candles for a net of 10 black candles.

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).

Separating lines occurred. If the lines occur during an uptrend (which appears to be the case with JOLLIBEE FOODS) and the first line is black and the second is white (which is the case with JOLLIBEE FOODS) then this suggests that the uptrend should continue.

If the separating lines occur during a downtrend and the first line is white and the second is black (which is not the case with JOLLIBEE FOODS) then this suggests that the downtrend should continue.

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 54.7170. 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 52.69. 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 sell 71 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 82. This is not a topping or bottoming area. The last signal was a buy 10 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 7 period(s) ago.

Rex Takasugi – TD Profile

JOLLIBEE FOODS closed up 3.000 at 287.000. Volume was 29% below average (neutral) and Bollinger Bands were 54% narrower than normal.

Open High Low Close Volume___
285.000 287.400 280.000 287.000 574,100

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

Moving Averages: 10-period 50-period 200-period
Close: 283.84 287.55 262.40
Volatility: 24 39 30
Volume: 566,796 776,130 784,860

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

JOLLIBEE FOODS is currently 9.4% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of JFC.PS at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on JFC.PS and have had this outlook for the last 2 periods.

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