SET Index (INDEXBKK:SET) Thailand HEFFX Outlook (16/4/17)

SET Index (INDEXBKK:SET) Thailand HEFFX Outlook (16/4/17)

SET Index (INDEXBKK:SET) Thailand HEFFX Outlook (16/4/17)

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 1,561.07.

The projected upper bound is: 1,608.22.

The projected lower bound is: 1,570.74.

The projected closing price is: 1,589.48.

SET Index closed up 6.720 at 1,589.500. Volume was 38% below average (neutral) and Bollinger Bands were 18% narrower than normal.

Open             High               Low               Close              Volume
1,584.970     1,589.500     1,584.400     1,589.500     5,863,451,136

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period      50-period                     200-period
Close:                      1,581.38                1,569.80                1,522.15
Volatility:               4                             8                              15
Volume:                 8,170,937,856      9,411,056,640      10,999,644,160

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.

Thailand Summary
SET Index is currently 4.4% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into .SETI (mildly bullish). Our trend forecasting oscillators are currently bullish on .SETI and have had this outlook for the last 12 periods.

HEFFX Candlesticks Thailand
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

HEFFX Momentum Thailand
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 76.9993. This is not an overbought or oversold reading. The last signal was a sell 9 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 65.11. 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 49 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 153.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 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 17 period(s) ago.

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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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One Response to "SET Index (INDEXBKK:SET) Thailand HEFFX Outlook (16/4/17)"

  1. Mathew Ma   October 3, 2017 at 6:28 am

    How to look and how to use i can’t understand sir so give me any suggestion for how to
    no easily.

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