Philippines: SM Investments Corp (SM:PS) Watching for Entry at 850.00
Overall, the bias in prices is: Downwards.
By the way, prices are vulnerable to a correction towards 927.62.
The projected upper bound is: 974.38.
The projected lower bound is: 849.16.
The projected closing price is: 911.77.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 26 white candles and 23 black candles for a net of 3 white candles.
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 84.3305. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 6 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 53.73. 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 84 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 88. This is not a topping or bottoming area. The last signal was a buy 6 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 buy 2 period(s) ago.
Rex Takasugi – TD Profile
SM INVESTMENT closed up 33.500 at 912.500. Volume was 54% below average (consolidating) and Bollinger Bands were 11% narrower than normal.
Open High Low Close Volume___
880.500 912.500 868.500 912.500 160,430
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 874.75 917.18 939.02
Volatility: 49 43 34
Volume: 325,083 305,168 359,491
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.
SM INVESTMENT is currently 2.8% below its 200-period moving average and is in an downward 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 SM.PS at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on SM.PS and have had this outlook for the last 31 periods.
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