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

Bega Cheese
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Positive momentum for BGA is a leading indicator for continued price rise
Momentum /
Positive momentum for BGA is a leading indicator for continued price rise

BGA: MOM Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH CROSSOVER (3) 17 Apr: BULLISH CROSSOVER

Bearish trading conditions for Bega Cheese has been signalled from the DPO (-0.058)
Detrended Price Oscillator /
Bearish trading conditions for Bega Cheese has been signalled from the DPO (-0.058)

BGA: DPO Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Percentage Price /
Bega Cheese: Price Percentage Oscillator

BGA: PPO Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

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

[BULLISH]: Bega Cheese 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 1.8%.

Woodie Pivot Point /
Woodie pivot point for BGA is bullish. Stoploss should be positioned @$6.585

Bega Cheese has broken the first Woodie resistance point ($6.94) [Bullish]. Look for a long limit order entry near this point. Exit price for BGA should be set @$7.025 & Stoploss for Bega Cheese should be set at $6.585

MACD /
BGA: Moving Average Convergence Divergence [Bullish]

[BULLISH]: Bega Cheese currently has positive MACD of 0.042000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.8%.

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Ulcer Index /
Ulcer index has fallen as the price rises for Bega Cheese

[BEARISH]: Bega Cheese UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.957.

[Long]: Entry price for BGA should be set @$6.82
Demarks Pivot Points /
[Long]: Entry price for BGA should be set @$6.82

Bega Cheese has broken the first DeMark resistance point ($6.82) [Bullish]. Look for a long limit order entry near this point. Exit price for BGA should be set @$6.97 & Stoploss for Bega Cheese should be set at $6.75

Positive ROC confirmation for Bega Cheese is a leading indicator for continued price rise
Rate of Change /
Positive ROC confirmation for Bega Cheese is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Bega Cheese currently has positive rate of change of 0.9%. 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

Close Tod Vs Range Tod /
Buyer commitment has continued for Bega Cheese adding strength to an uptrend in the first timeframe

[BULLISH]: Bega Cheese buyers are in control at the market close. There has been 5 consecutive days of prices closing in the upper part of the trading range for Bega Cheese 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 89 trading days with the closing price in the upper part of the range giving a confirmation ratio of 33.8%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 35.7%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 5 days in the lower range giving a ratio of 1x.

Williams %R /
William %R for BGA has crossed below the overbought limit triggering a neutral signal

BGA: William %R Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH CROSSOVER (3) 17 Apr: NEUTRAL

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Bega Cheese & are driving the price up.

BGA: Recent performance signals ->(1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Bega Cheese: Buyers have taken control.
Open Tod Vs Close Tod /
Bega Cheese: Buyers have taken control.

[BULLISH]: Bega Cheese opened in the middle part of daily range at 54.5% & closed in the upper part of the trading range at 72.7%. This suggests the buyers have taken control. Over the last 12 months there has been 29 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 11%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 14.3%.

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

BGA: Elder Ray Index Recent Trading -> (1) 19 AprBull Power: 0.266Bear Power: 0.046 (2) 18 AprBull Power: 0.123Bear Power: -0.067 (3) 17 AprBull Power: 0.016Bear Power: -0.084

Volume /
Bega Cheese: Daily volume performance is 56.8 [Uptrend]

[BULLISH]: Bega Cheese current volume uptrend in the first timeframe. Volume for BGA is631410 (56.8).

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

[BEARISH]: Bega Cheese 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%.

Coles Reaction Day /
Daily trading produced a rally day for Bega Cheese

BGA: CRD Recent Trading -> (1) 19 Apr: Coles Rally Day (2) 18 Apr: Coles Rally Day (3) 17 Apr: Coles Rally Day

Closing price for BGA is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for BGA is still below the lower envelope signalling a bullish movement

[BULLISH]: Bega Cheese current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 6.3745.

BGA Basic Candle: White
White Candle /
BGA Basic Candle: White

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

Price continues to trade above the Exponential Moving Average(5) for BGA
Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for BGA

BGA: EMA(5) Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Percentage Volume /
Volume for Bega Cheese continues to lose momentum @-6.7)

[BEARISH]: Bega Cheese currently has negative PVO -6.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1%.

Pivot Points /
Stoploss for Bega Cheese should be set between $6.577 & $6.484

Bega Cheese has broken the first resistance point ($6.924) [Bullish]. Look for a long limit order entry near this point. Exit price for BGA should be set @$7.017 & Stoploss for Bega Cheese should be set between $6.577 & $6.484

Range Tod Vs Range Yest /
The biggest price range this month for BGA has been $0.54

[BULLISH]: Bega Cheesebuyers are increasingly eager. There has been 2 consecutive days of range increase for BGA adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.54 & the greatest daily price range this year has been $1.15. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 0.5x.

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

BGA: Elders Force Index Current Signal -> (1) 19 Apr: BULLISH CROSSOVER (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Bega Cheese: Confirmation of stock distribution
On Balance Volume /
Bega Cheese: Confirmation of stock distribution

[BEARISH]: Bega Cheese current price has highlighted recent distribution. Currently, the OBV is -148918.

BGA: Current trading activity signals accumulation is active
Accumulation / Distribution /
BGA: Current trading activity signals accumulation is active

[BULLISH]: Bega Cheese current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.95655e+006. day.

MACD Volume /
[Bullish]: Bega Cheese currently has positive Volume MACD histogram 22306

[BULLISH]: Bega Cheese currently has positive Volume MACD of 22306. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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