Crucial Technical Analysis Released on SHINKO ELECTRIC INDUSTRIES (6967) (2019-09-12)

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REPORTING FOR 2019-09-12 | AMARKETREPORTSJOURNAL.COM: We have conducted a deep analysis of how SHINKO ELECTRIC INDUSTRIES (6967) has been trading over the last 2 weeks and the past day especially. On its latest session, SHINKO ELECTRIC INDUSTRIES (6967) opened at 924.0, reaching a high of 936.0 and a low of 922.0 before closing at a price of 923.0. There was a total volume of 101700.

VOLUME INDICATORS: We saw an accumulation-distribution index of 2618.49275, an on-balance volume of -912.0, chaikin money flow of 1.33333 and a force index of 1258.0. There was an ease of movement rating of 0.74397, a volume-price trend of 38.78727 and a negative volume index of 1000.0. Is this bullish or bearish for 6967? Click here for a short explanation of volume indicators.

VOLATILITY: We noted an average true range of 21.83838, bolinger bands of 957.65433, an upper bollinger band of 847.34567, lower bollinger band of 922.0, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 927.33333, high band keltner channel of 915.33333, low band keltner channel of 939.33333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 922.0, a donchian channel low band of 922.0, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0. Is this bullish or bearish for 6967? Click here for a short explanation of volatility indicators.

TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.875, a MACD signal of -0.48611, a MACD difference of -0.38889, a fast Exponential Moving Average (EMA) indicator of 922.0, a slow Exponential Moving Average (EMA) indicator of 922.0, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 1.03107, a trix of 4.87837, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -36.57, a KST Oscillator (KST) of 41.30197 and a KST Oscillator (KST Signal) of 41.30197 (leaving a KST difference of -11.0116). We also found an Ichimoku rating of 930.0, an Ichimoku B rating of 930.0, a Ichimoku visual trend A of 911.54, an Ichimoku visual trend B of 898.435, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0. Is this bullish or bearish for 6967? Click here for a short explanation of trend indicators.

MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 94.81462, a stochastic oscillator of 116.66667, a stochastic oscillator signal of 116.66667, a Williams %R rating of 16.66667 and an awesome oscillator of -5.71667. Is this bullish or bearish for 6967? Click here for a short explanation of momentum indicators.

RETURNS: There was a daily return of 4.1302, a daily log return of -4.322 and a cumulative return of -4.22993.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-09-12 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for SHINKO ELECTRIC INDUSTRIES (6967)…


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DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling SHINKO ELECTRIC INDUSTRIES (6967) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen