HOLI: bullish; early signs of a new trend
Price and moving averages:
HollySys Automation has moved above its short term moving average.
Short term moving average is currently above mid term, AND above long term moving averages.
The relationship between price and moving averages is: bullish in short term, and bullish in mid-long term.
Bollinger Bands:
HollySys Automation has closed below upper band by 19.5%.
Bollinger Bands are 16.0% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Stochastics indicate continued buying. It would be nice to see the mid April volume come back.
Our unpublished trend rating is weak, indicating that this is either the beginning of a trend or a false positive. With an RSI in the mid 50s, but on the rise, it could be the start of a new trend.
Current rating is 3
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure: the firm does not currently hold a position in this stock and has no plans to create a long or short position over the next 5 business days.
HollySys Automation has moved above its short term moving average.
Short term moving average is currently above mid term, AND above long term moving averages.
The relationship between price and moving averages is: bullish in short term, and bullish in mid-long term.
Bollinger Bands:
HollySys Automation has closed below upper band by 19.5%.
Bollinger Bands are 16.0% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Stochastics indicate continued buying. It would be nice to see the mid April volume come back.
Our unpublished trend rating is weak, indicating that this is either the beginning of a trend or a false positive. With an RSI in the mid 50s, but on the rise, it could be the start of a new trend.
Current rating is 3
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure: the firm does not currently hold a position in this stock and has no plans to create a long or short position over the next 5 business days.
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