EMS 0.00% 3.2¢ eastland medical systems ltd

jarekpi - some technical analysis for you

  1. 9 Posts.
    Bollinger Bands
    Review of EASTLAND MEDICAL (EMS) as of 29/08/2003

    On 29/08/2003, EASTLAND MEDICAL closed below the upper band by 20.0%.

    Bollinger Bands are 7.39% wider than normal. The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

    The recent price action around the bands compared to the action of the Relative Strength Index (RSI) does not suggest any trading opportunities at this time.

    Review of EASTLAND MEDICAL (EMS) as of 29/08/2003

    Current Statistics
    Close: 0.580
    Change: 0.000
    MACD Value: 0.019
    Signal Line: 0.011

    The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences.

    Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 20 period(s) ago. Since the MACD crossed its moving average, EASTLAND MEDICAL's price has increased 16.00% , and has ranged from a high of 0.670 to a low of 0.470.

    The MACD is in an overbought range. Prices may continue to move higher for some time. Wait for prices to move lower before considering any short positions.

    There have been no divergence signals within the last 5 periods.


    Momentum Indicators
    Review of EASTLAND MEDICAL (EMS) as of 29/08/2003

    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. The current values of four popular momentum indicators are detailed below.

    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 59.5745. This is not an overbought or oversold reading. The last signal was a buy 3 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 56.53. 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 1 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 110.This is an overbought reading. However, a signal isn't generated until the indicator crosses below 100. The last signal was a sell 8 period(s) ago.

    The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 17 period(s) ago.

    This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. I accept no liability whatsoever for any loss arising from any use of this analysis.

    Good Luck :^)

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