Philippines: Now Corp (NOW:PS) Target 14.00

Philippines: Now Corp (NOW:PS) Target 14.00

Philippines: Now Corp (NOW:PS) Target 14.00

Overall, the bias in prices is: Upwards

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 12.87.

The projected lower bound is: 8.80.

The projected closing price is: 10.83.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.

Separating lines occurred. If the lines occur during an uptrend (which appears to be the case with NOW CORPORATION) and the first line is black and the second is white (which is the case with NOW CORPORATION) 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 NOW CORPORATION) 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 48.7648. This is not an overbought or oversold reading. The last signal was a sell 5 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 60.55. 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 5 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 66. This is not a topping or bottoming area. The last signal was a sell 5 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 26 period(s) ago.

Rex Takasugi – TD Profile

NOW CORPORATION closed up 1.010 at 10.820. Volume was 32% below average (neutral) and Bollinger Bands were 30% narrower than normal.

Open High Low Close Volume___
9.900 10.820 9.850 10.820 20,609,800

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

Moving Averages: 10-period 50-period 200-period
Close: 10.23 8.60 5.70
Volatility: 203 142 142
Volume: 33,394,778 16,309,930 18,157,844

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

NOW CORPORATION is currently 90.0% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into NOW.PS (mildly bullish). Our trend forecasting oscillators are currently bullish on NOW.PS and have had this outlook for the last 20 periods.

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