Philippines: Jollibee Foods Corp (JFC:PS) Time to Take Profits?
Overall, the bias in prices is: Sideways.
The projected upper bound is: 298.86.
The projected lower bound is: 267.87.
The projected closing price is: 283.37.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 6 black candles for a net of 3 black candles. During the past 50 bars, there have been 20 white candles and 27 black candles for a net of 7 black candles.
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 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 37.8378. 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 50.77. 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 78 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 -32. This is not a topping or bottoming area. The last signal was a buy 0 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 2 period(s) ago.
Rex Takasugi – TD Profile
JOLLIBEE FOODS closed up 9.800 at 283.800. Volume was 3% below average (neutral) and Bollinger Bands were 51% narrower than normal.
Open High Low Close Volume___
280.000 284.200 276.800 283.800 750,260
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 281.84 285.83 264.52
Volatility: 32 34 31
Volume: 771,016 789,674 798,997
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.
JOLLIBEE FOODS is currently 7.3% above its 200-period moving average and is in an downward trend. Volatility is 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 1 periods.