The Siam Cement PCL (BKK:SCC) HEFFX Trading Outlook

The Siam Cement PCL (BKK:SCC) HEFFX Trading Outlook

The Siam Cement PCL (BKK:SCC) HEFFX Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 559.05.

The projected lower bound is: 529.83.

The projected closing price is: 544.44.

SIAM CEMENT closed up 2.000 at 544.000. Volume was 61% below average (consolidating) and Bollinger Bands were 24% narrower than normal.

Open            High            Low              Close           Volume
542.000      544.000      542.000      544.000      601,700

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

Moving Averages: 10-period       50-period      200-period
Close:                       543.60            531.00           509.69
Volatility:                18                     17                   20
Volume:                   1,397,080      1,565,596      2,108,956

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.

Siam Cement Summary
SIAM CEMENT is currently 6.7% above 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 SCC.BK (mildly bullish). Our trend forecasting oscillators are currently bullish on SCC.BK and have had this outlook for the last 83 periods.

Asia, BKK, Contruction, heffx, outlook, SCC, shayne heffernan, Siam Cement

HEFFX Momentum Siam Cement
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 46.1538. This is not an overbought or oversold reading. The last signal was a buy 1 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 56.43. 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 28 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 36. This is not a topping or bottoming area. The last signal was a sell 6 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 5 period(s) ago.

The following two tabs change content below.

John Heffernan

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

Latest posts by John Heffernan (see all)