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

Bendigo Bank
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Bendigo Bank: Daily performance is 1.8 % [Uptrend]
Closing Price /
Bendigo Bank: Daily performance is 1.8 % [Uptrend]

BEN: CLOSE Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BULLISH (3) 20 Apr: BEARISH

PPO: The shorter moving average for BEN is still below the longer term moving average
Percentage Price /
PPO: The shorter moving average for BEN is still below the longer term moving average

[BEARISH]: Bendigo Bank currently has negative PPO -0.5000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Bollinger Bands /
Bollinger overbought signal has just been neutralized for Bendigo Bank

[BEARISH]: Bendigo Bank is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 116.8700% with a current width of 8.0500.

White Candle /
BEN Basic Candle: White

BEN: Basic Candlestick Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BULLISH (3) 24 Apr: NEUTRAL

Accumulation / Distribution /
Distribution still active for Bendigo Bank

[BEARISH]: Bendigo Bank current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -8479567.0000. day.

MACD Volume /
The Volume MACD for BEN is gaining momentum through a rise on the short term EMA

[BULLISH]: Bendigo Bank currently has positive Volume MACD of 116913.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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

[BULLISH]: Bendigo Bank 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 Bendigo Bank 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 77 trading days with the closing price in the upper part of the range giving a confirmation ratio of 29.3%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 29.4%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 3 days in the lower range giving a ratio of 1.7x.

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

[BULLISH]: Bendigo Bank 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 1.8%.

Recent trading was only supported by low volume for Bendigo Bank
Ease of Movement /
Recent trading was only supported by low volume for Bendigo Bank

BEN: EOM Current Signal -> (1) 24 Apr: BULLISH EASY (2) 23 Apr: BULLISH EASY (3) 20 Apr: BEARISH HARD

Close Tod Vs Close Yest /
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

[BULLISH]: Bendigo Bankbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for BEN adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 4.9 & the greatest daily positive change this year has been 4.9. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 10.7%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 6.7%. 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 1.600000%

Elder Ray Index /
Bendigo Bank: Elder Ray Index is 0.4860 [Bullish]

[BULLISH]: Bendigo BankElder Ray Index is signalling a Bullish movementERI is 0.4860 indicating bull power. Prices are being driven above the consensus of value for BEN during the last trading session [Buying Pressure]

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

BEN: WMA Current Signal -> (1) 24 Apr: BEARISH (2) 23 Apr: BEARISH (3) 24 Apr: NEUTRAL

[Bullish]: Bendigo Bank has beaten previous low by 4.6 %
Low Price /
[Bullish]: Bendigo Bank has beaten previous low by 4.6 %

[BEARISH]: Bendigo Bank current uptrend in the first timeframe. Currently, the Low is $10.4300 (4.6 %).

Daily bar has confirmed has confirmed an ADX a strong trend is intact for BEN
Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for BEN

[Trend]: ADX for BEN has confirmed a strong trend is presentBendigo Bank has an ATR(14) of 0.1990, a DX of 20.3600 & an ADX(14) of 28.6500

High Price /
Recent trading for Bendigo Bank has surpassed the previous high by 2.2 %

[BULLISH]: Bendigo Bank current uptrend in the first timeframe. Currently, the HIGH is 2.2 %.

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

[BEARISH]: Bendigo Bank currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.8%.

Stochastic Oscillator /
BEN: Stochastic Oscillator has traded below the overbought limit @91.1000

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

Bendigo Bank: Potential CCI trend reversal has been identified
Commodity Channel Index /
Bendigo Bank: Potential CCI trend reversal has been identified

[BEARISH]: Bendigo Bank current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 244.0000. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 244.

[Bullish]: Continued buying pressure for Bendigo Bank has been confirmed
Elders Force Index /
[Bullish]: Continued buying pressure for Bendigo Bank has been confirmed

[BULLISH]: Bendigo Bank current price has highlighted recent buying pressure. Currently, the Elders Force Index is 136002.0000.

[Bullish]: Bendigo Bank has opened 4.8 % stronger
Opening Price /
[Bullish]: Bendigo Bank has opened 4.8 % stronger

BEN: OPEN Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BULLISH (3) 20 Apr: BEARISH

Ulcer Index /
Ulcer index has reduced in stress level for Bendigo Bank & low drawdown is expected

[BEARISH]: Bendigo Bank UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.7520.

Detrended Price Oscillator /
Bendigo Bank: Detrended Price Oscillator(20) is 0.4175

BEN: DPO Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BULLISH CROSSOVER (3) 24 Apr: BEARISH

On Balance Volume /
Bendigo Bank: Current trading activity OBV signals distribution is present

[BEARISH]: Bendigo Bank current price has highlighted recent distribution. Currently, the OBV is -7631147.0000.

Fibonacci Retracements /
The 61.8% Fibonacci retracement level for BEN is bullish. Stoploss should be positioned @$19.7500

Bendigo Bank is still above the 61.8% retracement level ($0.0000) [Bullish]. Look for a long limit order entry near this point. Exit price for BEN should be set @$20.4400 & Stoploss for Bendigo Bank should be set between $19.7500

5-day momentum is increasing for Bendigo Bank
Momentum /
5-day momentum is increasing for Bendigo Bank

[BULLISH]: Bendigo Bank currently has positive momentum of 0.5500. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.8000%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 2.3%%.

Bendigo Bank: Two White Soldiers
Two White Soldiers /
Bendigo Bank: Two White Soldiers

[BULLISH]: Bendigo Bank has formed a new Two White Soldiers pattern.

Rate of Change /
Bendigo Bank: Rate of Change (14)

[BULLISH]: Bendigo Bank currently has positive rate of change of 7.6000%. 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

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