Singapore: Thai Beverage PCL (TBEV:SI) A Look Inside the Technicals

Singapore: Thai Beverage PCL (TBEV:SI) A Look Inside the Technicals

Singapore: Thai Beverage PCL (TBEV:SI) A Look Inside the Technicals

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 0.80.

The projected upper bound is: 0.80.

The projected lower bound is: 0.72.

The projected closing price is: 0.76.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 1 white candles and 7 black candles for a net of 6 black candles. During the past 50 bars, there have been 12 white candles and 23 black candles for a net of 11 black candles.

Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white (which is the case with THAI BEVERAGE) then this suggests that the uptrend should continue.

If the separating lines occur during a downtrend (which appears to be the case with THAI BEVERAGE) and the first line is white and the second is black (which is not the case with THAI BEVERAGE) then this suggests that the downtrend should continue.

Momentum Indicators

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 20.8333. This is not an overbought or oversold reading. The last signal was a buy 0 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 32.14. This is not a topping or bottoming area. However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 0 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 -98. This is not a topping or bottoming area. The last signal was a buy 0 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 16 period(s) ago.

Rex Takasugi – TD Profile

THAI BEVERAGE closed up 0.010 at 0.765. Volume was 22% above average (neutral) and Bollinger Bands were 34% wider than normal.

Open High Low Close Volume___
0.760 0.775 0.760 0.765 26,568,600

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

Moving Averages: 10-period 50-period 200-period
Close: 0.78 0.81 0.89
Volatility: 15 30 24
Volume: 15,587,612 15,923,035 18,789,668

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

THAI BEVERAGE is currently 14.0% 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 very strong flows of volume out of TBEV.SI (bearish). Our trend forecasting oscillators are currently bearish on TBEV.SI and have had this outlook for the last 10 periods.

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