Singapore: Vallianz Holdings Ltd (VHLD:SI) Bullish Divergence

Singapore: Vallianz Holdings Ltd (VHLD:SI) Bullish Divergence

Singapore: Vallianz Holdings Ltd (VHLD:SI) Bullish Divergence

Overall, the bias in prices is: Downwards.

By the way, prices are vulnerable to a correction towards 0.01.

The projected upper bound is: 0.01.

The projected lower bound is: 0.01.

The projected closing price is: 0.01.

Candlesticks

During the past 10 bars, there have been 3 white candles and 0 black candles for a net of 3 white candles. During the past 50 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles.

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

A long legged doji occurred. If this occurs during an uptrend it often signifies a top.

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).

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 66.6667. This is not an overbought or oversold reading. The last signal was a sell 21 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 44.42. 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 131 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 buy 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 buy 2 period(s) ago.

Rex Takasugi – TD Profile

VALLIANZ HOLDING closed down -0.001 at 0.012. Volume was 22% above average (neutral) and Bollinger Bands were 7% narrower than normal.

Open High Low Close Volume___
0.012 0.013 0.012 0.012 6,820,000

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

Moving Averages: 10-period 50-period 200-period
Close: 0.01 0.01 0.01
Volatility: 118 88 107
Volume: 6,300,739 3,758,705 7,820,675

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

VALLIANZ HOLDING is currently 14.8% below 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 VHLD.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on VHLD.SI and have had this outlook for the last 11 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH