Yangzijiang Shipbuilding Holdings Ltd (SGX:BS6) HEFFX Trading Outlook

Yangzijiang Shipbuilding Holdings Ltd (SGX:BS6) HEFFX Trading Outlook

Yangzijiang Shipbuilding Holdings Ltd (SGX:BS6) HEFFX Trading Outlook

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 1.55.

The projected upper bound is: 1.61.

The projected lower bound is: 1.46.

The projected closing price is: 1.53.

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.

YANGZIJIANG closed down -0.060 at 1.530. Volume was 12% above average (neutral) and Bollinger Bands were 5% wider than normal.

Open      High        Low         Close       Volume
1.590      1.600       1.520       1.530       22,852,000

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

Moving Averages: 10-period          50-period         200-period
Close:                       1.66                    1.54                    1.32
Volatility:                35                       30                       44
Volume:                  10,784,309       13,484,642        19,875,810

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 is currently 15.6% 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 YAZG.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on YAZG.SI and have had this outlook for the last 36 periods.

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 12.5000. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 7 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 36.36. 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 5 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 -226.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 6 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 3 period(s) ago.

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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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