The Siam Cement PCL(BKK:SCC) HEFFX Outlook (17/4/17)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 555.50.
The projected lower bound is: 525.86.
The projected closing price is: 540.68.
SIAM CEMENT closed down -6.000 at 540.000. Volume was 7% below average (neutral) and Bollinger Bands were 17% narrower than normal.
Open High Low Close Volume
546.000 546.000 538.000 540.000 1,483,000
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 542.40 528.68 508.07
Volatility: 22 18 20
Volume: 1,797,570 1,613,856 2,145,125
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 6.3% 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 78 periods.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.1724. This is not an overbought or oversold reading. The last signal was a sell 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 53.40. 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 23 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 13. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.
The Siam Cement Public Company Limited is a Thailand-based holding company engaged in the industrial supplies and construction industries. The Company and its subsidiaries operate four business segments: SCG Cement-Building Materials segment, which is the manufacture and sale of grey cement, ready-mixed concrete, white cement, dry mortar, roof tiles, concrete paving blocks, ceramic tiles, sanitary wares and sanitary fitting; SCG chemicals segment, which is the manufacture and sale of olefins, polyolefins and other chemical products; SCG paper segment, which is the manufacture and sale of pulp, printing and writing paper, gypsum linerboard, corrugated boxes and securities document, and other segment, which is the joint investment with other companies in agricultural machines, automotive parts and components, as well as other services.