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

Bellamys Australia
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Daily trading performance for BAL has continued a short term downtrend
Close Tod Vs Close Yest /
Daily trading performance for BAL has continued a short term downtrend

[BEARISH]: Bellamys Australiasellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for BAL adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.1 & the greatest daily negative change this year has been -1.1. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -46.6%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -3.9%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -0.6%

Bellamys Australia is still above the 61.8% retracement fan level ($0) [Bullish]
Fibonacci Fans /
Bellamys Australia is still above the 61.8% retracement fan level ($0) [Bullish]

Bellamys Australia is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for BAL should be set @$18.24 & Stoploss for Bellamys Australia should be set between $17.71

Percentage Volume /
Bellamys Australia: Percentage Volume Oscillator @-7.6 [Bearish]

[BEARISH]: Bellamys Australia currently has negative PVO -7.6%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.8%.

Volume Rate of Change /
Volume rate of change is now rising for Bellamys Australia signalling an uptrend will persist

[BULLISH CROSSOVER]: Bellamys Australia currently has positive volume of change of 179%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.5%.

Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for BAL

[Bullish]: Average True Range has confirmed an uptrend is present. Bellamys Australia has a TR of 0.09, and an ATR(14) of 0.269.

Elders Force Index /
Recent trading highlights initial buying pressure is present for BAL

[BULLISH]: Bellamys Australia current price has highlighted recent buying pressure. Currently, the Elders Force Index is 21028.

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Price Range /
[Bearish]: Bellamys Australia has failed beat previous trading range

[BEARISH]: Bellamys Australia current downtrend in the first timeframe. Currently, the Range is $0.09.

BAL: Average Directional Index has confirmed a weak trend @21.46
Average Directional Movement /
BAL: Average Directional Index has confirmed a weak trend @21.46

[Weak Trend]: ADX for BAL has confirmed a weak trend is presentBellamys Australia has an ATR(14) of 0.269, a DX of 22.82 & an ADX(14) of 21.46

PPO: The shorter moving average for BALis now below the longer term moving average
Percentage Price /
PPO: The shorter moving average for BALis now below the longer term moving average

BAL: PPO Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

Sine Weighted Moving Average /
[Downtrend]: Recent trading for BAL confirms bearish SWMA(30) signal

[BEARISH]: Bellamys Australia currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.5%.

MACD /
[Bullish]: Bellamys Australia currently has positive MACD histogram 0.015000

[BULLISH]: Bellamys Australia currently has positive MACD of 0.015000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -3.8%.

Closing Price /
[Bearish]: Lower close has formed for BAL by -0.5 % during the last trading session

[BEARISH]: Bellamys Australia current downtrend in the first timeframe. Currently, the Close is $10.28.

Bellamys Australia: Detrended Price Oscillator(20) (-0.6615)
Detrended Price Oscillator /
Bellamys Australia: Detrended Price Oscillator(20) (-0.6615)

[BEARISH]: Bellamys Australia currently has a confirmed downtrend. Price is currently below the displaced moving average for BALCurrently, the return on DPO20 is -0.5%.

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

BAL: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: NEUTRAL (3) 11 Jan: BEARISH HARD

Black Candle /
BAL Basic Candle: Black

[BEARISH]: Bellamys Australia has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Medium Trend /
Bellamys Australia: Medium term trend (Downtrend)

[BEARISH]: Bellamys Australia has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jan 3 2018.

Accumulation / Distribution /
Bellamys Australia: Confirmation of stock accumulation

[BULLISH]: Bellamys Australia current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Bellamys Australia is being actively distributed based on OBV
On Balance Volume /
Bellamys Australia is being actively distributed based on OBV

BAL: OBV Current Signal ->(1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

Bellamys Australia: Over the last 12 months there has been 23 trading days giving a confirmation ratio of 8.8%.
Open Tod Vs Close Tod /
Bellamys Australia: Over the last 12 months there has been 23 trading days giving a confirmation ratio of 8.8%.

[BEARISH]: Bellamys Australia opened in the middle part of daily range at 55.6% & closed in the lower part of the trading range at 11.1%. This suggests the sellers have taken control. Over the last 12 months there has been 23 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 8.8%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

Bellamys Australia has broken the first resistance point ($10.336) [Bullish]
Pivot Points /
Bellamys Australia has broken the first resistance point ($10.336) [Bullish]

Bellamys Australia current pivot point is: 10.303. The current resistance levels are: (R1) $10.336: (R2) $10.393: (R3) $10.426: The current support levels are: (S1) $10.246: (S2) $10.213: (S3) $10.156

MACD Volume /
The volume MACD continues to rise above the signal line for BAL [Bullish]

[BULLISH]: Bellamys Australia currently has positive Volume MACD of 17053. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Bellamys Australia indicating downward price movement is likely

BAL: EMA(5) Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH CROSSOVER

Woodie Pivot Point /
Woodie pivot point for BAL is bullish. Stoploss should be positioned @$10.207

Bellamys Australia has broken the first Woodie resistance point ($10.324) [Bullish]. Look for a long limit order entry near this point. Exit price for BAL should be set @$10.387 & Stoploss for Bellamys Australia should be set at $10.207

Simple Moving Average /
[Bearish]: Trend following indicator for BAL highlights downward price direction is likely

[BULLISH]: Bellamys Australia currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.5%.

Stoploss for Bellamys Australia should be set at $0
Fibonacci Extensions /
Stoploss for Bellamys Australia should be set at $0

Bellamys Australia has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for BAL should be set @$0 & short position stoploss for Bellamys Australia should be set at $0

Bellamys Australia: Range Performance (-18.2)
Range Tod Vs Range Yest /
Bellamys Australia: Range Performance (-18.2)

BAL: Range today versus range yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH

Momentum /
Bellamys Australia: Momentum(5)

[BEARISH]: Bellamys Australia currently has negative momentum of -0.05 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.5%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -0.5%%.

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