Shares of EVERSENDAI CORPORATION BERHAD (5205.KL) have seen the needle move -0.63% or -0.005 in the most recent session. The BM listed company saw a recent bid of $0.79 on 45700 volume.
An important idea when dealing with technical analysis is that historical stock price movements tend to repeat. Technical analysis focuses on chart patterns with the goal of analyzing market movements and defining trends. Charting has been around for many years, and even older methods are considered to be relevant due to the nature of repeating patterns. Certain trends may be easier to spot than others. Technical analysts that spend vast amounts of studying charts and patterns may be more adept at spotting specific trends. Investors may want to employ multiple methods of trend spotting in order to get a more robust spectrum with which to work.
Taking a deeper look into the technical levels of EVERSENDAI CORPORATION BERHAD (5205.KL), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -52.94. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
EVERSENDAI CORPORATION BERHAD (5205.KL) currently has a 14-day Commodity Channel Index (CCI) of -5.17. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, EVERSENDAI CORPORATION BERHAD’s 14-day RSI is currently at 44.48, the 7-day stands at 45.70, and the 3-day is sitting at 41.51.
Currently, the 14-day ADX for EVERSENDAI CORPORATION BERHAD (5205.KL) is sitting at 11.56. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 0.97, the 50-day is 0.84, and the 7-day is resting at 0.79. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.
One of the Main Market listing requirements specifies at least 25% of a company's listed shares must be in the hands of public shareholders. Sendai is not in compliance with this requirement and henceforth, they must announce the status of its efforts to comply with the requirement for each quarter of its financial year simultaneously with the quarterly reports and in any event, not later than 2 months after the end of each quarter of a financial year.
Fantastic result. With private placement had been cancelled, kyy may brag about this stock again soon. Hopefully he will switch his fund from overpriced hengyuan to top up this stock
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fhis
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Posted by fhis > 2018-02-14 15:46 | Report Abuse
anyone in sendai?