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

Bellamys Australia
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Recent trading highlights continued buying pressure is present for BAL
Elders Force Index /
Recent trading highlights continued buying pressure is present for BAL

[BULLISH]: Bellamys Australia current price has highlighted recent buying pressure. Currently, the Elders Force Index is 579234.

Limit order for a long position has been identified for Bellamys Australia @$7526.27
Fibonacci Extensions /
Limit order for a long position has been identified for Bellamys Australia @$7526.27

Bellamys Australia: The current Fibonacci Extension levels are: (23.61%) $11.11: (38.2%) $10.42: (50%) $9.86: (61.8%) $9.29The current support levels are: (78.6%) $8.5: (100%) $7.48: (138.2%) $5.67: (161.8%) $4.54: (261.8%) $-0.21: (423.61%) $-7.89

Stochastic Oscillator /
Bellamys Australia is no longer overbought and normal trading conditions are resumed

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

MACD /
Bellamys Australia: MACD oscillator (0.469000)

[BULLISH]: Bellamys Australia currently has positive MACD of 0.469000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 43.9%.

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

[BULLISH]: Bellamys Australia current price has highlighted recent accumulation. Currently, the OBV is 1.35772e+007.

Coles Reaction Day /
First timeframe trend of Bellamys Australia has signalled a rally day

Bellamys Australia: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for BAL

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

[BULLISH]: Bellamys Australia currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 6.5%.

BAL: Current trading activity signals DVI accumulation is active
Daily Volume Index /
BAL: Current trading activity signals DVI accumulation is active

BAL: DVI Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Bellamys Australia: Daily opening performance is 2.9 % [Uptrend]
Opening Price /
Bellamys Australia: Daily opening performance is 2.9 % [Uptrend]

BAL: OPEN Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BEARISH (3) 17 Oct: BULLISH

MACD Volume /
Bellamys Australia: Volume MACD @72912 [Bullish]

BAL: Volume MACD Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Bill Williams Market Facilitation /
The markets willingness to move the price is like to continue for BAL

BAL: BWMF Current Signal -> (1) 19 Oct: Green Day (2) 18 Oct: Fade Day (3) 17 Oct: Green Day

Range Tod Vs Range Yest /
Expanding price range of 45.3% on an uptick day for BAL

[BULLISH]: Bellamys Australiabuyers are increasingly eager. This is the first day buyers have increased eagerness for BAL adding strength to an uptrend in the first timeframe. The biggest price range this month has been $4.73. & the greatest daily price range this year has been $8.5. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.6x.

Bellamys Australia currently has positive momentum of 1.96
Momentum /
Bellamys Australia currently has positive momentum of 1.96

[BULLISH]: Bellamys Australia currently has positive momentum of 1.96. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 6.5%. The largest upward momentum rally for the last 3 months is 12 days producing a return of 47.2%%.

[Uptrend]: Recent trading for BAL indicates ST trend is likely to continue
Exponential Moving Average /
[Uptrend]: Recent trading for BAL indicates ST trend is likely to continue

[BULLISH]: Bellamys Australia 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 6.5%.

Price Range /
Range for BAL has surpassed the range of the previous trading session

[BULLISH]: Bellamys Australia current uptrend in the first timeframe. Currently, the Range is $0.77.

Detrended Price Oscillator /
Bellamys Australia: Detrended Price Oscillator(20) is 4.5175

[BULLISH]: Bellamys Australia currently has a confirmed uptrend. Price is currently above the displaced moving average for BALCurrently, the return on DPO20 is 6.5%.

Williams %R /
William %R (-0.8) for BAL is now below the overbought limit

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

[Neutral]: Bellamys Australia current trading has moved to overbought status
Relative Strength Index /
[Neutral]: Bellamys Australia current trading has moved to overbought status

[BEARISH]: Bellamys Australia is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @95.0449

Bellamys Australia: Rate of Change (14)
Rate of Change /
Bellamys Australia: Rate of Change (14)

BAL: ROC Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Bellamys Australia has moved above the R1 pivot point ($12.46) [Bullish]
Pivot Points /
Bellamys Australia has moved above the R1 pivot point ($12.46) [Bullish]

Bellamys Australia has broken the first resistance point ($12.46) [Bullish]. Look for a long limit order entry near this point. Exit price for BAL should be set @$12.73 & Stoploss for Bellamys Australia should be set between $11.19 & $10.92

White Candle /
BAL Basic Candle: White

[BULLISH]: Bellamys Australia has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Close Tod Vs Range Tod /
BAL: Over the last 12 months there has been 67 trading days with the closing price in the upper part of the range giving a confirmation ratio of 25.5%.

[BULLISH]: Bellamys Australia buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Bellamys Australia 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 67 trading days with the closing price in the upper part of the range giving a confirmation ratio of 25.5%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 57.1%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 1 days in the lower range giving a ratio of 8x.

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

[BEARISH]: Bellamys Australia current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 154. BAL received a confirmed CCI crossover on the Oct 9 2017.The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 404.

Volume /
Recent trading for Bellamys Australia has surpassed the previous volume by 14.9

[BULLISH]: Bellamys Australia current volume uptrend in the first timeframe. Volume for BAL is1.3649e+006 (14.9).

Operating profitability for Bellamys Australia is now $1.13M
PROFIT /
Operating profitability for Bellamys Australia is now $1.13M

Bellamys Australia Key financial metrics: (1) Revenue: $240.18M (2) EBITDA: $1.13M (3) Price-Sales ratio: 5.02

MFI Overbought signal is still current for Bellamys Australia
Money Flow Index /
MFI Overbought signal is still current for Bellamys Australia

[BULLISH]: Bellamys Australia current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 99.28. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 55.26.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Bellamys Australia signalling the buyers were in control all day.

[BULLISH STRONG]: Bellamys Australia opened in the lower part of daily range at 5.2% & closed in the upper part of the trading range at 94.8%. This suggests the buyers were in control all day. Over the last 12 months there has been 48 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 18.3%. Over the last month there has been 0 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 0%.

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