Thai Airways International PCL (BKK:THAI) HEFFX Outlook (17/4/17)
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 18.60.
The projected lower bound is: 16.64.
The projected closing price is: 17.62.
THAI AIRWAYS closed unchanged at 17.700. Volume was 79% below average (consolidating) and Bollinger Bands were 56% narrower than normal.
Open High Low Close Volume
17.700 17.800 17.600 17.700 2,677,400
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 18.07 19.39 23.39
Volatility: 19 32 61
Volume: 5,077,830 9,257,198 25,796,636
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.
Thai Airways Summary
THAI AIRWAYS is currently 24.3% below its 200-period moving average and is in an upward 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 volume flowing into and out of THAI.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on THAI.BK and have had this outlook for the last 5 periods.
HEFFX Momentum Thai Airways
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 12.5000. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 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 34.09. 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 21 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 -104.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 7 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 1 period(s) ago.