Powerdyne International, Inc. (OTC:PWDY) Technical Outlook
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 0.00.
The projected upper bound is: 0.00.
The projected lower bound is: 0.00.
The projected closing price is: 0.00.
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 6 white candles and 1 black candles for a net of 5 white candles. During the past 50 bars, there have been 12 white candles and 5 black candles for a net of 7 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 59.0909. 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 70.09. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. (ERROR: Function did not return a value)
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 119.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 3 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 12 period(s) ago.
Rex Takasugi – TD Profile
POWERDYNE IN ORD closed up 0.000 at 0.001. Volume was 674% above average (trending) and Bollinger Bands were 272% wider than normal.
Open High Low Close Volume___
0.001 0.001 0.001 0.001 58,533,832
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.00 0.00 0.00
Volatility: 440 1,959 1,062
Volume: 36,561,692 12,495,388 4,822,078
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.
POWERDYNE IN ORD is currently 227.8% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into PWDY.PK (mildly bullish). Our trend forecasting oscillators are currently bullish on PWDY.PK and have had this outlook for the last 12 periods. Our momentum oscillator is currently indicating that PWDY.PK is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
Latest posts by HEFFX Australia (see all)
- Bitcoin: USD/BTC (BTC=X) claim for being digital gold appears to have another piece of evidence in its corner - January 28, 2020
- What to Look For in Apple Inc. (NASDAQ:AAPL) First-Quarter Earnings - January 28, 2020
- Dow Jones Industrial Average (.DJI) investors grappled with fresh worries about the spread of a new virus in China that threatens global economic growth - January 28, 2020