The Siam Cement PCL (BKK:SCC) HEFFX Highlights

The Siam Cement PCL (BKK:SCC) HEFFX Highlights

The Siam Cement PCL (BKK:SCC) HEFFX Highlights

Highlights:

  • Siam Cement Group to use clean coal tech for Mon State plant
  • They have hired the Myanmar Resource and Environment Company as a third party to check on air, water, soil and noise qualities of the cement factory.
  • “There are advantages and disadvantages for all power plants. Some countries want to be developed but they don’t want any risks,” Dr Pinyo Meechumna, the associate professor, stated
  • SCG Heim is a joint venture between The Siam Cement Public Company and Sekisui Chemical Group.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 535.72.

The projected lower bound is: 504.44.

The projected closing price is: 520.08.

SIAM CEMENT closed down -4.000 at 520.000. Volume was 45% above average (neutral) and Bollinger Bands were 44% wider than normal.

Open            High             Low             Close            Volume
526.000      526.000      518.000      520.000      2,468,200

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

Moving Averages: 10-period        50-period      200-period
Close:                       532.20             533.56          512.36
Volatility:                18                     19                   20
Volume:                   2,563,240      1,770,186      2,134,521

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
SIAM CEMENT is currently 1.5% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of SCC.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on SCC.BK and have had this outlook for the last 6 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

HEFFX 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 9.6774. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 11 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 37.52. 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 38 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 -120.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 7 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 15 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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