Singapore Exchange Limited(SGX:S68) HEFFX Trading Outlook

Singapore Exchange Limited(SGX:S68) HEFFX Trading Outlook

Singapore Exchange Limited(SGX:S68) HEFFX Trading Outlook

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 7.58.

The projected lower bound is: 7.24.

The projected closing price is: 7.41.

SGX closed unchanged at 7.410. Volume was 44% below average (neutral) and Bollinger Bands were 26% wider than normal.

Open       High         Low         Close      Volume
7.410       7.460       7.410       7.410       1,088,300

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

Moving Averages: 10-period       50-period       200-period
Close:                       7.47                 7.56                 7.44
Volatility:                11                     14                     14
Volume:                   1,961,390      2,078,092      1,929,199

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 Singapore
SGX is currently 0.4% below its 200-period moving average and is in an downward 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 out of SGXL.SI (mildly bearish). Our trend forecasting oscillators are currently bearish on SGXL.SI and have had this outlook for the last 8 periods.

Asia, Singapore, Index, HEFFX, Outlook, SGX, Shayne Heffenan

HEFFX Candlesticks Singapore
During the past 10 bars, there have been 2 white candles and 7 black candles for a net of 5 black candles. During the past 50 bars, there have been 17 white candles and 28 black candles for a net of 11 black candles.

A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

HEFFX Momentum Singapore
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 32.4322. This is not an overbought or oversold reading. The last signal was a buy 4 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 38.01. 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 64 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 -101.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 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 sell 13 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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