Holcim rises 1.5% on high volatility and expanding price range

Holcim rises 1.5% on high volatility and expanding price range
Published: 09 September 2010

Holcim traded between an intraday low of CHF63.50 and a high of CHF64.95. The price range has expanded in the last three days (from 90.0c three days ago to CHF1.50 today) which, accompanied by a price rise, is a bullish signal. The stock price rose 95.0c (or 1.5%) to close at CHF64.50. Compared with the Swiss Market index SMI Price index, which rose 36.9 points (or 0.6%) on the day, this was a relative price change of 0.9%.

Moving average price (MAP) [with equal weightage to prices at close]: the price to 200-day MAP ratio is 0.87, a bearish indicator. In the past 200 days this ratio has been under 0.87 just ten times suggesting a support level. The 200-day MAP has decreased to CHF74.52. A decrease is another bearish indicator.
Exponential Moving Average Price (EMAP) [with higher weightage to recent prices]: in the past 50 days this ratio has been under 0.95 30 times suggesting downside. The 50-day EMAP has decreased to CHF67.83. A decrease is another bearish indicator.

Moving Average Convergence Divergence (MACD): the MACD indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is negative suggesting a bearish signal.