Yangzijiang Shipbuilding Holdings Ltd HEFFX Highlights

Yangzijiang Shipbuilding Holdings Ltd 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: 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 1.30.
The projected upper bound is: 1.53.
The projected lower bound is: 1.40.
The projected closing price is: 1.46.

YANGZIJIANG SHIP closed up 0.020 at 1.460. Volume was 1% below average (neutral) and Bollinger Bands were 24% narrower than normal.

Open High Low Close Volume
1.440 1.470 1.430 1.460 20,780,000

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

Moving Averages: 10-period 50-period 200-period
Close: 1.42 1.32 1.15
Volatility: 26 31 51
Volume: 20,939,750 17,341,464 24,326,482

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 26.9% above 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 YAZG.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on YAZG.SI and have had this outlook for the last 33 periods. The security price has set a new 14-period high while our momentum oscillator 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 81.8182. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 2 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 67.21. 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 9 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 192.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 2 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 4 white candles and 5 black candles for a net of 1 black candles. During the past 50 bars, there have been 21 white candles and 23 black candles for a net of 2 black candles.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

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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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