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

Berkeley Resources
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Oversold signal continues for Berkeley Resources indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Berkeley Resources indicating upward price movement is likely

[BULLISH]: Berkeley Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.7695.

Sellers are still less eager for Berkeley Resources given the price range is contracting
Range Tod Vs Range Yest /
Sellers are still less eager for Berkeley Resources given the price range is contracting

BKY: Range today versus range yesterday Current Signal ->(1) 19 Jun: BEARISH (2) 18 Jun: BEARISH (3) 15 Jun: BULLISH

Low Price /
Berkeley Resources: Daily low performance is -0.6 % [Downtrend]

BKY: LOW Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: BEARISH (3) 15 Jun: BULLISH

Short Trend /
The daily range for Berkeley Resources has again achieved a lower low [Downtrend]

[BEARISH]: Berkeley Resources is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 4

Exponential Moving Average /
Price is now trading below the Exponential Moving Average(5) for BKY

[BEARISH]: Berkeley Resources currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.6%.

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Berkeley Resources indicating downward price movement is likely

[BEARISH]: Berkeley Resources 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 -0.6%.

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Price Range /
Recent trading for Berkeley Resources fell short of the previous price range ($0.02)

[BEARISH]: Berkeley Resources current downtrend in the first timeframe. Currently, the Range is $0.02.

[Selling Pressure]: ERI has increased for Berkeley Resources during the last trading session
Elder Ray Index /
[Selling Pressure]: ERI has increased for Berkeley Resources during the last trading session

[BEARISH]: Berkeley Resources Elder Ray Index is signalling a Bearish movementERI is -0.021 indicating bear power. Prices are being driven below the consensus of value for BKY during the last trading session [Selling Pressure]

The WMA trend following signal is now active for Berkeley Resources [Bearish]
Weighted Moving Average /
The WMA trend following signal is now active for Berkeley Resources [Bearish]

BKY: WMA Current Signal -> (1) 19 Jun: BEARISH CROSSOVER (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Opening Price /
Berkeley Resources opening price of $0.785 (-3.1 %)

[BEARISH]: Berkeley Resources opening price has gapped down. Currently, the OPEN is $0.785 (-3.1 %).

Bull Belt-Hold /
Berkeley Resources: Bull Belt-Hold

[BEARISH]: Berkeley Resources has formed a new Two Crows reversal pattern.

Open Close Reversal /
A short term Open Close Reversal has formed with Berkeley Resources

[BULLISH]: A short term Open Close Reversal has formed with Berkeley Resources which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 3 occurrences of this bar reversal giving a signal probability of 1.1%.

BKY Basic Candle: White Marubozu
White Marubozu /
BKY Basic Candle: White Marubozu

[BULLISH]: Berkeley Resources has formed a White Marubozu candlestick. This means, BKY has received strong buying confidence and upward 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.

Berkeley Resources: Buyers are in control at the market close.
Close Tod Vs Range Tod /
Berkeley Resources: Buyers are in control at the market close.

BKY: Close versus price range Current Signal ->(1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: NEUTRAL

Rate of Change /
Positive ROC for Berkeley Resources is a leading indicator for continued price rise

BKY: ROC Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Medium Trend /
Berkeley Resources: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Berkeley Resources is in an uptrend in the medium term timeframe. The current rally number is 10 & the highest rally count for the LTM is 51. The highest rally for the month is 12

Ulcer Index /
Drawdown for Berkeley Resources is currently low signalling low stress

[BEARISH]: Berkeley Resources UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.677.

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

BKY: EOM Current Signal -> (1) 19 Jun: BEARISH HARD (2) 18 Jun: BEARISH HARD (3) 15 Jun: BULLISH HARD

High for BKY has not surpassed the high of the previous trading session
High Price /
High for BKY has not surpassed the high of the previous trading session

[BEARISH]: Berkeley Resources current downtrend in the first timeframe. Currently, the HIGH is -1.2 %.

Berkeley Resources has moved below the 161.8% extension level ($6.69) [Bullish]
Fibonacci Extensions /
Berkeley Resources has moved below the 161.8% extension level ($6.69) [Bullish]

Berkeley Resources has moved below the 161.8% level ($6.69) [Bullish]. Look for a long limit order entry near this point. Exit price for BKY should be set @$7.23 & Stoploss for Berkeley Resources should be set at $6.15

Aroon Oscillator /
Aroon oscillator for Berkeley Resources has signalled an uptrend is active

[BULLISH]: Berkeley Resources has a current ARO(25) of 16. This has change 72 points from yesterday.

Elders Force Index /
Bullish conditions for BKY are likely to continue based on EFI (1072)

[BULLISH]: Berkeley Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1072.

MACD Volume /
Berkeley Resources: Volume MACD oscillator (-454236)

[BEARISH]: Berkeley Resources currently has negative Volume MACD of -454236. This means the signal line is less than the Volume MACD line signalling a bearish movement.

MACD /
MACD oscillator remains positive for BKY

[BULLISH]: Berkeley Resources currently has positive MACD of 0.003. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -2.3%.

Berkeley Resources: Current trading activity signals DVI distribution is present
Daily Volume Index /
Berkeley Resources: Current trading activity signals DVI distribution is present

[BEARISH]: Berkeley Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -14329.

Berkeley Resources: Overbought signal still active
Money Flow Index /
Berkeley Resources: Overbought signal still active

[BULLISH]: Berkeley Resources current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 91.28. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 17.63.

Triangular Moving Average /
Berkeley Resources: Triangular Moving Average(5) (0.809)

[BEARISH]: Berkeley Resources 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 -0.6%.

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