Thai Oil PCL (BKK:TOP) HEFFX Outlook (18/4/17)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 79.55.
The projected lower bound is: 73.13.
The projected closing price is: 76.34.
THAI OIL closed down -0.500 at 76.250. Volume was 23% below average (neutral) and Bollinger Bands were 29% narrower than normal.
Open High Low Close Volume
76.500 77.500 76.250 76.250 3,071,800
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 76.10 75.46 70.19
Volatility: 26 27 30
Volume: 3,364,030 3,775,652 5,411,300
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 Oil Summary
THAI OIL is currently 8.6% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of TOP.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on TOP.BK and have had this outlook for the last 14 periods.
HEFFX Candlesticks Thai Oil
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 6 black candles for a net of 3 black candles. During the past 50 bars, there have been 24 white candles and 21 black candles for a net of 3 white candles.
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 Thai Oil
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 72.0930. This is not an overbought or oversold reading. The last signal was a sell 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 51.81. 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 35 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 57. This is not a topping or bottoming area. The last signal was a sell 0 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 buy 3 period(s) ago.
Thai Oil Public Company Limited is a Thailand-based company engaged in the business of oil refining and distributions. The Company operates eight business segments: oil refinery, such as gasoline, diesel, jet fuel, kerosene, fuel oil and liquefied petroleum gas (LPGs); lube base oil refinery, which is a product of crude oil distillation including bitumen or asphalt, aromatic extract, treated distillate aromatics extract (TDAE) and slack wax; petrochemical, such as paraxylene, benzene, toluene and mixed xylenes; power generation, which is related to natural gas-fired combined-cycle co-generation power plant; oil and chemical products transportation services engaged in marine transportation of petroleum and petrochemical products and domestic petroleum transportation business via muti-products pipeline; solvent and chemical products, such as hydrocarbon solvent and chemical solvent; ethanol manufacturing, and others including energy consulting service.
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