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

Broo
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[Downtrend]: Recent trading for BEE indicates ST trend is likely to continue
Triangular Moving Average /
[Downtrend]: Recent trading for BEE indicates ST trend is likely to continue

[BEARISH]: Broo currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -4%.

Negative VROC: Volume is now lower for Broo than 14 days ago
Volume Rate of Change /
Negative VROC: Volume is now lower for Broo than 14 days ago

[BEARISH CROSSOVER]: Broo currently has negative rate of change of -94%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -4%.

Weighted Moving Average /
[Downtrend]: Recent trading for BEE indicates ST trend is likely to continue

BEE: WMA Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH CROSSOVER

On Balance Volume /
OBV: Accumulation still active for Broo

[BULLISH]: Broo current price has highlighted recent accumulation. Currently, the OBV is 1.64233e+006.

Closing Price /
[Bearish]: Broo has failed to beat previous close by -4 %

[BEARISH]: Broo current downtrend in the first timeframe. Currently, the Close is $0.24.

Moving Average Envelope /
Initiation of oversold signal for Broo

[BULLISH CROSSOVER]: Broo current price has driven Envelope Bands to become oversold signalling the start of bullish trading conditions. Currently, the Lower Band is 0.2470.

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Momentum /
Momentum continues to reduce for Broo signalling a short term downtrend is likely

[BEARISH]: Broo currently has negative momentum of -0.015 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -4%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%%.

Volume MACD oscillator remains negative for BEE
MACD Volume /
Volume MACD oscillator remains negative for BEE

[BEARISH]: Broo currently has negative Volume MACD of -10076. This means the signal line is less than the Volume MACD line signalling a bearish movement.

BEE: Current trading activity signals DVI accumulation has commenced
Daily Volume Index /
BEE: Current trading activity signals DVI accumulation has commenced

BEE: DVI Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

Chaikin Money Flow /
CMF Crossover from increased buying pressure for Broo

[BULLISH CROSSOVER]: Broo current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.25. During the quarter, the highest CMF value was 0.3

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

BEE: Price Range Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BEARISH (3) 09 Jan: BULLISH

Black Marubozu /
BEE Basic Candle: Black Marubozu

[BEARISH]: Broo has formed a Black Marubozu candlestick. This means, BEE has received strong selling confidence and downward 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.

The current price is now losing momentum through a fall for BEE on the short term EMA.
Percentage Price /
The current price is now losing momentum through a fall for BEE on the short term EMA.

[BEARISH CROSSOVER]: Broo currently has negative PPO -3.400%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Long positions for Broo should be set between $0.243 & $0.246
Pivot Points /
Long positions for Broo should be set between $0.243 & $0.246

Broo has broken the first resistance point ($0.246) [Bullish]. Look for a long limit order entry near this point. Exit price for BEE should be set @$0.253 & Stoploss for Broo should be set between $0.233 & $0.226

Aroon Oscillator /
[Downtrend]: Aroon oscillator @-44 has confirmed a downtrend for BEE

BEE: Aroon Oscillator Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH STRONG

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

[BEARISH]: Broo current price have moved downwards on high volume. Currently, the Ease of Movement is -0.046

MACD /
The MACD has now risen above the signal line for BEE [Bullish Crossover]

[BULLISH CROSSOVER]: Broo currently has positive MACD of 0.002000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -5.8%.

Strong volume performance from BEE has seen a higher volume of 78.3 [Uptrend]
Volume /
Strong volume performance from BEE has seen a higher volume of 78.3 [Uptrend]

BEE: VOLUME Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BEARISH (3) 09 Jan: BEARISH

[Long]: Entry price for BEE should be set @$0.246
Woodie Pivot Point /
[Long]: Entry price for BEE should be set @$0.246

Broo has broken the first Woodie resistance point ($0.246) [Bullish]. Look for a long limit order entry near this point. Exit price for BEE should be set @$0.253 & Stoploss for Broo should be set at $0.233

Accumulation has commenced for Broo
Accumulation / Distribution /
Accumulation has commenced for Broo

[BULLISH CROSSOVER]: Broo current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Percentage Volume /
Broo: Percentage Volume Oscillator @-23.8 [Bearish]

[BEARISH]: Broo currently has negative PVO -23.8%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.7%.

Demarks Pivot Points /
[Long]: Entry price for BEE should be set @$0.2425

Broo has broken the first DeMark resistance point ($0.2425) [Bullish]. Look for a long limit order entry near this point. Exit price for BEE should be set @$0.245 & Stoploss for Broo should be set at $0.235

High Price /
[Bearish]: Broo has failed beat previous high by -2 %

[BEARISH]: Broo current downtrend in the first timeframe. Currently, the HIGH is -2 %.

Open Tod Vs Close Tod /
Broo: Sellers were in control all day.

[BEARISH STRONG]: Broo opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 51 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 19.5%. Over the last month there has been 1 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

The daily battle of control for Broo was won by the sellers
Close Tod Vs Range Tod /
The daily battle of control for Broo was won by the sellers

BEE: Close versus price range Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Daily trading performance for BEE has continued a short term downtrend
Close Tod Vs Close Yest /
Daily trading performance for BEE has continued a short term downtrend

[BEARISH]: Broosellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for BEE adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -4 & the greatest daily negative change this year has been -4. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -31.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -7.8%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -3.9%

Fibonacci Extensions /
Broo: Look for a long limit order entry @$1.94

Broo has moved below the 161.8% level ($1.94) [Bullish]. Look for a long limit order entry near this point. Exit price for BEE should be set @$2.41 & Stoploss for Broo should be set at $1.47

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