Vocus Group Ltd (ASX:VOC) Prices are Stalling on a Downward Trend
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 4.89.
The projected lower bound is: 3.59.
The projected closing price is: 4.24.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 16 white candles and 29 black candles for a net of 13 black candles.
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 22.2223. This is not an overbought or oversold reading. The last signal was a sell 6 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 49.23. 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 19 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 -38. This is not a topping or bottoming area. The last signal was a sell 6 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 23 period(s) ago.
Rex Takasugi – TD Profile
VOCUS FPO closed up 0.050 at 4.260. Volume was 56% below average (consolidating) and Bollinger Bands were 42% narrower than normal.
Open High Low Close Volume___
4.240 4.275 4.230 4.260 2,328,582
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 4.32 4.45 7.02
Volatility: 28 84 53
Volume: 3,120,761 4,988,416 3,990,131
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.
VOCUS FPO is currently 39.3% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into VOC.AX (mildly bullish). Our trend forecasting oscillators are currently bullish on VOC.AX and have had this outlook for the last 10 periods.
Latest posts by HEFFX Australia (see all)
- UK FTSE 100 (.FTSE) sees biggest fall in four years on outbreak fears - February 24, 2020
- Canadian Dollar: USD/CAD (CAD=X) Drops with Oil Prices - February 24, 2020
- British Pound: USD/GBP (GBP=X) Reverses Lower From Major Resistance - February 24, 2020