WH Group HEFFX Highlights

WH Group HEFFX Highlights

WH GROUP LIMITED is a Hong Kong-based investment holding company principally engaged in pork businesses. The Company operates its businesses through four segments. Packaged Meats segment is engaged in the production, wholesales and retailing of low temperature and high temperature meat products. Fresh Pork segment is engaged in the production, wholesales and retailing of fresh and frozen meat. Hog Production segment is engaged in hog farming. Others segment is engaged in the slaughtering and sales of poultry and the provision of ancillary products and services, such as the provision of logistics services, as well as the sales of flavoring ingredients, packaging materials and imported meat products, among others.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 6.67.

The projected upper bound is: 7.92.

The projected lower bound is: 6.86.

The projected closing price is: 7.39.

WH GROUP closed down -0.420 at 7.360. Volume was 61% above average (neutral) and Bollinger Bands were 49% wider than normal.

OpenHighLowCloseVolume
7.657.677.267.3661,139,088

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

Moving Averages:10-period50-period200-period
Close:7.546.646.46
Volatility:585053
Volume:54,975,21235,138,08440,680,708

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
WH GROUP is currently 14.0% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of 0288.HK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on 0288.HK and have had this outlook for the last 30 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.

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 57.0707. 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 54.99. 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 1 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 19. This is not a topping or bottoming area. The last signal was a sell 0 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 buy 10 period(s) ago.

Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 29 white candles and 21 black candles for a net of 8 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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