UMW Holdings HEFFX Highlights

UMW Holdings HEFFX Highlights

UMW Holdings Berhad is a Malaysia-based investment holding company. The Company’s segments include the automotive segment, which is engaged in the import, assembly and marketing of passenger and commercial vehicles, and related spares; the equipment segment, which is involved in the trading and leasing of a range of light and heavy equipment, including related spares for use in the industrial, construction and agricultural sectors; the manufacturing and engineering segment, which is involved in the manufacturing, assembly and trading of automotive parts, and the blending, packaging, marketing and distribution of lubricants; the oil and gas segment, which is engaged in the manufacturing and trading of oil pipes, and provision of various oil and gas services, and the other segment, which provides support services in travel, information technology, management and corporate services, and manufacturing, fabrication and supply of products and services to oil and gas industry.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 6.08.

The projected lower bound is: 5.65.

The projected closing price is: 5.86.

UMW HOLDINGS closed up 0.060 at 5.860. Volume was 67% below average (consolidating) and Bollinger Bands were 82% narrower than normal.

OpenHighLowCloseVolume
5.75.865.75.86906,100

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

Moving Averages:10-period50-period200-period
Close:5.875.715.65
Volatility:112439
Volume:2,368,8001,836,3881,749,836

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
UMW HOLDINGS is currently 3.6% above 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 volume flowing into and out of UMWS.KL at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on UMWS.KL and have had this outlook for the last 1 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 50.6330. This is not an overbought or oversold reading. The last signal was a sell 19 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 54.56. 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 20 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 -101.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 20 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 17 period(s) ago.

Candlesticks
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
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 20 black candles for a net of 4 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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