Sapura Energy Berhad HEFFX Highlights

Sapura Energy Berhad HEFFX Highlights

Sapura Energy Berhad, formerly SapuraKencana Petroleum Berhad, is engaged in investment holding and the provision of management services to its subsidiaries. The Company’s segments include Engineering and Construction (E&C), Drilling, Energy and Corporate. Its E&C business segment is engaged in the installation of offshore platforms, marine pipelines and subsea services; engineering, procurement, construction and commissioning services, and repairs and refurbishment of industrial gas turbines, supply, installation, commissioning and maintenance of point-of sale systems for petrol stations and asset management services for offshore installations. It owns and operates tender rigs, as well as provides tender assist drilling solutions for operators. It operates in various geographical areas in the world, including Malaysia, Asia, Australia and Russia, Americas and the United Kingdom, and Africa.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 0.36.

The projected lower bound is: 0.31.

The projected closing price is: 0.34.

SAPURA ENERGY closed down -0.005 at 0.335. Volume was 34% below average (neutral) and Bollinger Bands were 38% narrower than normal.

OpenHighLowCloseVolume
0.3350.340.330.33594,221,904

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

Moving Averages:10-period50-period200-period
Close:0.350.320.4
Volatility:355379
Volume:139,757,776192,116,192119,289,376

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

SAPURA ENERGY is currently 16.4% below 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 SAEN.KL at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on SAEN.KL and have had this outlook for the last 2 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.

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 13.6364. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 4 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 48.38. 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 17 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 -75. This is not a topping or bottoming area. The last signal was a sell 3 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 2 period(s) ago.

Candlesticks

During the past 10 bars, there have been 2 white candles and 3 black candles for a net of 1 black candles. During the past 50 bars, there have been 14 white candles and 19 black candles for a net of 5 black candles.

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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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