QBE Insurance Group Ltd (ASX:QBE) Share Price could go Higher for 2017
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 13.00.
The projected lower bound is: 11.50.
The projected closing price is: 12.25.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 23 black candles for a net of 1 white candles.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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 18.8679. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 15 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 48.61. 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 15 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 -130.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 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 sell 17 period(s) ago.
Rex Takasugi – TD Profile
QBE INSUR. FPO closed down -0.100 at 12.200. Volume was 37% below average (neutral) and Bollinger Bands were 49% narrower than normal.
Open High Low Close Volume___
12.160 12.430 12.130 12.200 3,831,519
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 12.43 11.79 11.00
Volatility: 30 44 35
Volume: 4,456,034 7,023,501 5,489,117
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.
QBE INSUR. FPO is currently 10.9% above its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of QBE.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on QBE.AX and have had this outlook for the last 5 periods.
Latest posts by HEFFX Australia (see all)
- Tesla (NASDAQ:TSLA) Battery Day Hints The Event Will Be Groudbreaking - September 18, 2020
- Is Amazon (NASDAQ:AMZN) Stock A Buy Right Now? - September 18, 2020
- Apple (NASDAQ:AAPL) A Week Of Uncertainty - September 18, 2020