UMW Holdings HEFFX Highlights: $5.6 target

UMW Holdings HEFFX Highlights: $5.6 target

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: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 5.60.

The projected upper bound is: 5.64.

The projected lower bound is: 5.35.

The projected closing price is: 5.49.

UMW HOLDINGS closed unchanged at 5.500. Volume was 65% below average (consolidating) and Bollinger Bands were 17% narrower than normal.

OpenHighLowCloseVolume
5.55.35.415.5641,800

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

Moving Averages:10-period50-period200-period
Close:5.535.685.52
Volatility:121636
Volume:751,6401,790,9201,876,406

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 0.3% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of UMWS.KL (mildly bearish). Our trend forecasting oscillators are currently bearish on UMWS.KL and have had this outlook for the last 45 periods.

UMW Holdings 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 33.3333. This is not an overbought or oversold reading. The last signal was a buy 1 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 38.07. 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 64 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 -115.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. 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 sell 4 period(s) ago.

UMW Holdings Candlesticks

During the past 10 bars , there have been 6 white candles and 2 black candles for a net of 4 white candles. During the past 50 bars, there have been 25 white candles and 20 black candles for a net of 5 white candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

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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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