FTSE Bursa Malaysia Kuala Lumpur Composite Index ( FBMKLCI )
KLCI is currently 2.3% below its 200-period moving average and is in an downwardtrend. 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.
Volume indicators reflect moderate flows of volume out of KLCI (mildly bearish). Trend forecasting oscillators are currently bearish on KLCI and have had this outlook for the last 16 periods. Momentum oscillator is currently indicating that KLCI is currently in an oversold condition.
Analysis of
KLCI (KLCI)
as of 10/10/2014
KLCI closed down -20.850 at 1,808.880. Volume was 14% above average (neutral) and Bollinger Bands were 33% wider than normal.
Open High Low Close Volume
1,822.910 1,822.920 1,808.090 1,808.880 133,698,200
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,835.34 1,856.80 1,851.92
Volatility: 8 8 8
Volume: 115,700,872 114,350,368 118,808,480
Summary
KLCI gapped downtoday (bearish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
KLCI is currently 2.3% below its 200-period moving average and is in an downwardtrend. 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.
Volume indicators reflect moderate flows of volume out of KLCI (mildly bearish). Trend forecasting oscillators are currently bearish on KLCI and have had this outlook for the last 16 periods. Momentum oscillator is currently indicating that KLCI is currently in an oversold condition.
