Starhub Weekly HEFFX Highlights: $1.5 target

Starhub Weekly HEFFX Highlights: $1.5 target

StarHub Ltd is a Singapore-based info-communications company. The Company engaged in operation and provision of telecommunications services and other businesses relating to the info-communications industry. The Company offers a range of information, communications and entertainment services for both consumer and corporate markets. It delivers Mobile, Pay television, Broadband, Fixed network services and equipment sales on an operationally integrated network. It operates a mobile network that provides fourth-generation (4G), third-generation (3G) and second-generation (2G) services. It also manages an islandwide Hybrid Fiber Coaxial (HFC) network that delivers television services and cable broadband services. The Company offers a range of home and business multimedia services and content.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 1.61.

The projected lower bound is: 1.51.

The projected closing price is: 1.56.

STARHUB LTD closed unchanged at 1.560. Volume was 68% below average (consolidating) and Bollinger Bands were 55% narrower than normal.

OpenHighLowCloseVolume
1.551.571.541.561,096,200

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

Moving Averages:10-period50-period50-period
Close:1.551.541.73
Volatility:302233
Volume:2,623,6303,825,9183,057,174

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

STARHUB LTD is currently 9.7% below its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume into STAR.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on STAR.SI and have had this outlook for the last 21 periods.

Momentum

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 51.8518. This is not an overbought or oversold reading. The last signal was a buy 16 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 54.71. 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 buy 25 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 75. This is not a topping or bottoming area. The last signal was a buy 1 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 38 period(s) ago.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 1 black candles for a net of 5 white candles. During the past 50 bars, there have been 14 white candles and 13 black candles for a net of 1 white candles.

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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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