Wilmar International HEFFX Highlights

Wilmar International HEFFX Highlights

Wilmar International Limited is a Singapore-based agribusiness company. The Company’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, manufacturing of consumer products, specialty fats, oleo chemicals, biodiesel and fertilizers, as well as rice and flour milling. Its segments include Tropical Oils (Plantation, Manufacturing & Merchandising); Oilseeds & Grains (Manufacturing & Consumer Products); Sugar (Milling, Merchandising, Refining & Consumer Products), and Others. It produces nitrogen, phosphorus and potassium (NPK) compound fertilizers and is also engaged in the merchandising of straight fertilizers, such as potash, phosphate and nitrogen, and trace element products. It is engaged in the processing, refining, merchandising and distribution of oilseeds products, such as soybean oil and meal, sunflower seed oil and meal, cottonseed oil and meal, canola oil and meal, peanut oil and meal, and corn.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 3.23.

The projected upper bound is: 3.44
The projected lower bound is: 3.23
The projected closing price is: 3.33

WILMAR INTERNATI closed up 0.070 at 3.330. Volume was 95% above average (neutral) and Bollinger Bands were 21% narrower than normal.

Open High LowCloseVolume
3.293.343.273.33,582,500

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

Moving Averages: 10-period 50-period200-period
Close:3.323.233.17
Volatility:322119
Volume:5,905,6004,489,1105,536,606

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
WILMAR INTERNATI is currently 5.0% 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 moderate flows of volume into WLIL.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on WLIL.SI and have had this outlook for the last 31 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 51.1111. This is not an overbought or oversold reading. The last signal was a sell 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 54.81. 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 13 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 8. This is not a topping or bottoming area. The last signal was a sell 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 0 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 5 white candles and 3 black candles for a net of 2 white candles. During the past 50 bars, there have been 20 white candles and 20 black candles.

Separating lines occurred. If the lines occur during an uptrend (which appears to be the case with WILMAR INTERNATI) and the first line is black and the second is white (which is the case with WILMAR INTERNATI) then this suggests that the uptrend should continue.

If the separating lines occur during a downtrend and the first line is white and the second is black (which is not the case with WILMAR INTERNATI) then this suggests that the downtrend should continue.

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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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