Hyprop Investments: Overextended vs 200-Day SMA - Monday, 16 September 2024

Real-Time: 10h33

• Ticker: HYP

• Current Price: 4197c

• Trading at 34% above it's 200-day SMA

• This is the 2nd highest extension since 2005 (a poor reward-to-risk for new buyers)

• Bias: Reduce/Sell

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(Previous Post: Weekly Overbought - Thursday, 12 September 2024)

Pre-Market

Ticker: HYP

While the price momentum is strong and the price action reflects aggressive buying activity, the weekly RSI is overbought with a reading of 90. At current levels, the reward-to-risk for new short to medium term buyers is unappealing.

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(Previous Post: 26 August)

Real-Time: 15h21

Ticker: HYP

Live Reading via the Tactical Trading Guide

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Previous Post (29 July)

Real-Time: 14h59

Hyprop Investments (HYP)

Lighthouse Properties (LTE)

ABOVE-AVERAGE VOLUME IN BOTH NAMES, WITH POSITIVE CHANGES FROM THE OPEN. THIS POSSIBLY SUGGESTS RENEWED BYING INTEREST WITH THE CONSOLIDATION RANGES.

HYP

LTE

Lester Davids

Analyst: Unum Capital