Technical analysis from Adelaide Brighton (ABC.AX.AX, ASX:ABC.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Adelaide Brighton
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Adelaide Brighton: Daily performance is -0.3 % [Downtrend]
Closing Price /
Adelaide Brighton: Daily performance is -0.3 % [Downtrend]

ABC: CLOSE Recent Trading -> (1) 20 Apr: 6.3100 (2) 19 Apr: 6.3300 (3) 18 Apr: 6.2700

Price was difficult to move downward in recent trading on high volume causing an downtrend in price for ABC
Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for ABC

ABC: EOM Current Signal -> (1) 20 Apr: BEARISH HARD (2) 19 Apr: BULLISH HARD (3) 18 Apr: BEARISH HARD

On Balance Volume /
Distribution OBV signal for Adelaide Brighton is confirmed

[BEARISH]: Adelaide Brighton current price has highlighted recent distribution. Currently, the OBV is -6123606.0000.

Demarks Pivot Points /
Adelaide Brighton has moved above the R1 DeMark pivot point ($6.2950) [Bullish]

Adelaide Brighton has broken the first DeMark support point ($6.2950) [Bearish]. Look for a short limit order entry near this point. Exit price for ABC should be set @$6.2500 & short position stoploss for Adelaide Brighton should be set at $6.3250

Price Range /
[Bearish]: Range has decreased for ABC during the last trading session

ABC: Price Range Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Long Trend /
[Uptrend]: The third timeframe trend for Adelaide Brighton remains intact

[BULLISH]: Adelaide Brighton has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 19 2018.

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Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for ABC

ABC: SMA(5) Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

[Fake Day]: MFI indicator is up, volume is down for Adelaide Brighton
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Adelaide Brighton

Adelaide Brighton Currently is a confirmed Fake Day. MFI indicator is up, volume is down for ABC. Trend continuation possible for ABC from reduced trading activity.

Closing price ($6.3100) for ABC is still below the Lower Envelope Band
Moving Average Envelope /
Closing price ($6.3100) for ABC is still below the Lower Envelope Band

[BEARISH]: Adelaide Brighton current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 6.7305.

MACD /
MACD for Adelaide Brighton continues to gain momentum @0.0260

[BULLISH]: Adelaide Brighton currently has positive MACD of 0.0260. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.2%.

Accumulation / Distribution /
Adelaide Brighton: Current trading activity signals distribution is present

ABC: ADLINE Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Momentum /
Adelaide Brighton currently has positive momentum of 0.0900

[BULLISH]: Adelaide Brighton currently has positive momentum of 0.0900. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.3000%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 0.8%%.

ABC: Over the last 12 months there has been 20 trading days with the opening price in the upper shadow & the closing the price in the middle shadow
Open Tod Vs Close Tod /
ABC: Over the last 12 months there has been 20 trading days with the opening price in the upper shadow & the closing the price in the middle shadow

[BEARISH WEAK]: Adelaide Brighton opened in the upper part of daily range at 86.700000000000000% & closed in the middle part of the trading range at 60.000000000000000%. This suggests the sellers have lost commitment. Over the last 12 months there has been 20 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 7.6%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 13.3%.

Adelaide Brighton is no longer overbought [Neutral]
Williams %R /
Adelaide Brighton is no longer overbought [Neutral]

[BULLISH]: Adelaide Brighton is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Opening Price /
[Bullish]: Opening performance for ABC of -0.5 % was achieved in last trading session

ABC: OPEN Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: BULLISH (3) 18 Apr: NEUTRAL

Percentage Volume /
Adelaide Brighton: Percentage Volume Oscillator @-14.4000 [Bearish]

[BEARISH]: Adelaide Brighton currently has negative PVO -14.4000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.2%.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for ABC has moved to the lower limit. Stoploss should be positioned @$7298.4000

Adelaide Brighton has moved below the 161.8% level ($7006.0000) [Bullish]. Look for a long limit order entry near this point. Exit price for ABC should be set @$6713.6000 & Stoploss for Adelaide Brighton should be set at $7298.4000

Adelaide Brighton: Average True Range (0.1030) has confirmed an downtrend is present
Average True Range /
Adelaide Brighton: Average True Range (0.1030) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Adelaide Brighton has a TR of 0.0750, and an ATR(14) of 0.1030.

Adelaide Brighton: Daily high price is $6.3400 [Lower High]
High Price /
Adelaide Brighton: Daily high price is $6.3400 [Lower High]

ABC: HIGH Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BULLISH (3) 18 Apr: NEUTRAL

Recent trading signals Adelaide Brighton is being accumulated
Daily Volume Index /
Recent trading signals Adelaide Brighton is being accumulated

ABC: DVI Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH CROSSOVER

Chaikin Money Flow /
Adelaide Brighton continues positive divergence & potential shift in direction

[BULLISH]: Adelaide Brighton current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.2200. ABC received a confirmed CMF crossover days on the Apr 16 2018.The bullish signal has been active for 6 days. During the quarter, the highest CMF value was 0.22 occurring on the Apr 16 2018.

Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for ABC

[BULLISH]: Adelaide Brighton currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.3%.

Medium Trend /
[Uptrend]: The second timeframe trend has continued for ABC

[BULLISH]: Adelaide Brighton is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 91. The highest rally for the month is 15

MACD Volume /
Volume MACD oscillator remains negative for ABC

[BEARISH]: Adelaide Brighton currently has negative Volume MACD of -56162.0000. This means the signal line is less than the Volume MACD line signalling a bearish movement.

14-day rate of change is increasing for Adelaide Brighton
Rate of Change /
14-day rate of change is increasing for Adelaide Brighton

[BULLISH]: Adelaide Brighton currently has positive rate of change of 1.4000%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Adelaide Brighton: Daily volume is 599074 [Lower Volume]
Volume /
Adelaide Brighton: Daily volume is 599074 [Lower Volume]

[BEARISH]: Adelaide Brighton current volume downtrend in the first timeframe. Volume for ABC is599074 (-36.5).

Weighted Moving Average /
Price continues to trade above the Weighted Moving Average(5) for ABC

[BULLISH]: Adelaide Brighton currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.3%.

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