Yangzijiang Shipbuilding Holdings HEFFX Highlights

Yangzijiang Shipbuilding Holdings HEFFX Highlights

Yangzijiang Shipbuilding (Holdings) Ltd. is a China-based investment holding company. The Company is also engaged in provision of agency service for shipbuilding and related activities. The Company’s segments include shipbuilding segment, investment segment, trading segment and other. The shipbuilding segment is engaged in shipbuilding, offshore marine equipment construction and ship design. The investment segment consists of micro-financing and investments in held-to-maturity financial assets. The trading segment consists of trading of goods. Other segments include ship demolition, vessel owning companies and property development. Its subsidiaries include Shipbuilding Co., Ltd., Jiangsu New Yangzi Shipbuilding Co., Ltd., Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., SEAVI Advent Asia Investments (III) Ltd., Baoling Investments Pte. Ltd., Pleasant Way Analyse Development Ltd., CS Marine Technology Pte. Ltd. and Jiangsu Zhongzhou Marine Equipment Co., Ltd., among others.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

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

By the way, prices are vulnerable to a correction towards 1.47.

The projected upper bound is: 1.46.

The projected lower bound is: 1.38.

The projected closing price is: 1.42.

YANGZIJIANG SHIP closed unchanged at 1.420. Volume was 51% below average (consolidating) and Bollinger Bands were 18% narrower than normal.

Open     High      Low     Close     Volume
1.410    1.420    1.400    1.420  10,186,700

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

Moving Averages: 10-period     50-period     200-period
Close:              1.46           1.46           1.40
Volatility:           16             18             38
Volume:       16,871,170     18,738,270     21,324,200

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

YANGZIJIANG SHIP is currently 1.5% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect moderate flows of volume out of YAZG.SI (mildly bearish). Our trend forecasting oscillators are currently bearish on YAZG.SI and have had this outlook for the last 6 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 22.2222. This is not an overbought or oversold reading. The last signal was a buy 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 30.97. 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 27 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 -109.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 14 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 7 period(s) ago.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 4 black candles for a net of 1 black candles. During the past 50 bars, there have been 16 white candles and 16 black candles.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

Latest posts by John Heffernan (see all)

You must be logged in to post comments :  
CONNECT WITH