PICC Property & Casualty Co (HKG:2328) Heffx Trading Outlook

PICC Property & Casualty Co (HKG:2328) Heffx Trading Outlook

PICC Property & Casualty Co (HKG:2328) Heffx Trading Outlook

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 12.30.

The projected upper bound is: 12.70.

The projected lower bound is: 12.12.

The projected closing price is: 12.41.

PICC Property & Casualty Co., Ltd.

Candlesticks
During the past 10 bars, there have been 2 white candles and 5 black candles for a net of 3 black candles. During the past 50 bars, there have been 22 white candles and 22 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 25.5319. 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 53.99. 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 -20. 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 sell 1 period(s) ago.

Rex Takasugi – TD Profile

PICC P&C closed up 0.120 at 12.400. Volume was 84% below average (consolidating) and Bollinger Bands were 4% narrower than normal.

Open High Low Close Volume___
12.400 12.400 12.400 12.400 5,028,000

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

Moving Averages: 10-period 50-period 200-period
Close: 12.53 12.12 12.57
Volatility: 20 15 29
Volume: 29,690,550 34,887,400 28,364,800

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
PICC P&C is currently 1.3% below its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect volume flowing into and out of 2328.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on 2328.HK and have had this outlook for the last 15 periods.

 

 

 

 

 

 

 

 

 

 

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