AA Group Holdings HEFFX Highlights

AA Group Holdings HEFFX Highlights

AA Group Holdings Ltd. is a Malaysia-based investment holding company. The Company produces and supplies cold forged loudspeaker parts, such as T-yokes, U-yokes, washers and frames to manufacturers of automotive and commercial audio devices, home audio-visual products and other consumer electronic products. The Company operates through five segments: manufacture of T-yokes, U-yokes, Washers, Frame, and trading in iron ore and others. Yokes and washers are components of the magnet assembly in a loudspeaker. Using cold forging technology, the Company manufactures yokes (T-yokes and U-yokes), washers and frames, which are made of low carbon steel. The Company’s subsidiaries include Allied Advantage Sdn. Bhd., which is a manufacturer of speaker parts and A2A Management Pte Ltd., which is engaged in the provision of business and management consultancy services. The Company operates in Asia, Europe and North America.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

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

By the way, prices are vulnerable to a correction towards 0.02.

The projected upper bound is: 0.02.

The projected lower bound is: 0.01.

The projected closing price is: 0.02.

AA GROUP HOLDING closed down -0.001 at 0.017. Volume was 158% above average (trending) and Bollinger Bands were 29% narrower than normal.

OpenHighLowCloseVolume
0.0170.0170.0160.0175,229,100

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

Moving Averages:10-period50-period200-period
Close:0.020.020.02
Volatility:1058194
Volume:2,447,6001,652,8942,004,991

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

AA GROUP HOLDING is currently 19.0% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of AAGH.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AAGH.SI and have had this outlook for the last 8 periods.

Momentum

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 83.3334. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 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 41.50. 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 50 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 -133.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 4 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 2 period(s) ago.

Candlesticks

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 17 white candles and 6 black candles for a net of 11 white candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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