Sapura Energy HEFFX Highlights

Sapura Energy 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: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

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

The projected upper bound is: 0.34.

The projected lower bound is: 0.29.

The projected closing price is: 0.31.

SAPURA ENERGY closed up 0.005 at 0.315. Volume was 14% above average (neutral) and Bollinger Bands were 22% wider than normal.

OpenHighLowCloseVolume
0.3150.320.310.315121,997,296

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

Moving Averages:10-period50-period200-period
Close:0.310.290.45
Volatility:486190
Volume:196,539,744147,525,408122,479,112

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 30.0% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into SAEN.KL (mildly bullish). Our trend forecasting oscillators are currently bullish on SAEN.KL and have had this outlook for the last 12 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 25.0000. 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 58.30. 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 buy 79 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 42. 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 buy 14 period(s) ago.

Candlesticks
During the past 10 bars, there have been 1 white candles and 6 black candles for a net of 5 black candles. During the past 50 bars, there have been 12 white candles and 24 black candles for a net of 12 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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