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

Austal
+ Share

The current price is still gaining momentum through a rise for ASB on the short term EMA.
Percentage Price /
The current price is still gaining momentum through a rise for ASB on the short term EMA.

[BULLISH]: Austal currently has positive PPO 0.421%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Market conditions are indicating OBV accumulation is current for ASB
On Balance Volume /
Market conditions are indicating OBV accumulation is current for ASB

[BULLISH]: Austal current price has highlighted recent accumulation. Currently, the OBV is 765030.

Percentage Volume /
Percentage volume oscillator remains negative for ASB

[BEARISH]: Austal currently has negative PVO -1.35%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 2%.

Accumulation / Distribution /
Austal is being actively accumulated

[BULLISH]: Austal current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.61223e+006.

Average Directional Movement /
[Weak Trend]: Average Directional Index @15.48 has confirmed a weak trend for ASB

[Weak Trend]: ADX for ASB has confirmed a weak trend is present. Austal has an ATR(14) of 0.045, a DX of 9.36 & an ADX(14) of 15.48

Moving Average Envelope /
Oversold signal continues for Austal indicating upward price movement is likely

[BULLISH]: Austal current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.6815.

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Daily Volume Index /
Austal: Current trading activity signals DVI accumulation is present

[BULLISH]: Austal current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1280.

Austal: 2nd timeframe trend Downtrend remains intact
Medium Trend /
Austal: 2nd timeframe trend Downtrend remains intact

[BEARISH]: Austal has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the May 4 2018.

Austal: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
Austal: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Austal current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1341.

White Marubozu /
ASB Basic Candle: White Marubozu

[BULLISH]: Austal has formed a White Marubozu candlestick. This means, ASB has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Austal indicating upward price movement is likely

[BULLISH]: Austal currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.7%.

MACD Volume /
Volume MACD oscillator remains negative for ASB

[BEARISH]: Austal currently has negative Volume MACD of -2363. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Austal: Detrended Price Oscillator(20) (0.0775)
Detrended Price Oscillator /
Austal: Detrended Price Oscillator(20) (0.0775)

[BULLISH]: Austal currently has a confirmed uptrend. Price is currently above the displaced moving average for ASB. Currently, the return on DPO20 is 1.7%.

Austal has broken the first resistance point ($1.845) [Bullish]
Pivot Points /
Austal has broken the first resistance point ($1.845) [Bullish]

Austal current pivot point is: 1.815. The current resistance levels are: (R1) $1.845: (R2) $1.86: (R3) $1.89: The current support levels are: (S1) $1.8: (S2) $1.77: (S3) $1.755

Rate of Change /
Austal: Rate of Change (14)

[BULLISH]: Austal currently has positive rate of change of 3.683%. 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

Range Tod Vs Range Yest /
Buyers are becoming increasingly eager for Austal & the price range is expanding

[BULLISH]: Austal buyers are increasingly eager. There has been 2 consecutive days of range increase for ASB adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1800 & the greatest daily price range this year has been $0.2850. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.6x.

MACD /
ASB: Moving Average Convergence Divergence [Bullish]

[BULLISH]: Austal currently has positive MACD of 0.009. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 2.8%.

Low for ASB has surpassed the low of the previous trading session
Low Price /
Low for ASB has surpassed the low of the previous trading session

[BEARISH]: Austal current uptrend in the first timeframe. Currently, the Low is $1.785 (0.8 %).

Bull power has increased for Austal signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Austal signalling bullish conditions are likely

[BULLISH]: Austal Elder Ray Index is signalling a Bullish movementERI is 0.05 indicating bull power. Prices are being driven above the consensus of value for ASB during the last trading session [Buying Pressure]

The CCI indicator for Austal is still above the overbought limit
Commodity Channel Index /
The CCI indicator for Austal is still above the overbought limit

[BEARISH]: Austal current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 242. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 242.

Simple Moving Average /
Simple Moving Average(5) signal continues for Austal indicating upward price movement is likely

ASB: SMA(5) Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH CROSSOVER (3) 21 May: BEARISH

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Austal indicating upward price movement is likely

ASB: SWMA Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH CROSSOVER (3) 21 May: BEARISH

Stochastic Oscillator /
Overbought signal for the Stochastic Oscillator is still current for Austal

[BEARISH]: Austal is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Three White Soldiers /
Austal: Three White Soldiers

[BULLISH]: Austal has formed a new Three White Soldiers pattern.

Austal: Share price rise (1.7% signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Austal: Share price rise (1.7% signals buyers are still keener than sellers

[BULLISH]: Austalbuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for ASB adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.0 & the greatest daily positive change this year has been 3.8. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 9.9%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 6.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 0.900000%

Austal: Daily performance is 1.7 % [Uptrend]
Closing Price /
Austal: Daily performance is 1.7 % [Uptrend]

[BULLISH]: Austal current uptrend in the first timeframe. Currently, the Close is $1.83.

Close Tod Vs Range Tod /
Austal: Buyers are in control at the market close.

[BULLISH]: Austal buyers are in control at the market close. There has been 7 consecutive days of prices closing in the upper part of the trading range for Austal adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 96 trading days with the closing price in the upper part of the range giving a confirmation ratio of 36.5%. Over the last month there has been 10 trading days with the closing price in the upper range giving a confirmation ratio of 66.7%. Currently this quarter, closing price has spent 16 days in the upper price range compared to 8 days in the lower range giving a ratio of 2x.

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