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

Blue Sky
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Blue Sky: Daily closing price is $3.63 [Bearish]
Closing Price /
Blue Sky: Daily closing price is $3.63 [Bearish]

[BEARISH]: Blue Sky current downtrend in the first timeframe. Currently, the Close is $3.63.

[Downtrend]: The second timeframe trend has continued for BLA
Medium Trend /
[Downtrend]: The second timeframe trend has continued for BLA

[BEARISH]: Blue Sky is in an downtrend in the medium term timeframe. The current rally number is 39 & the highest rally count for the LTM is 39. The highest rally for the month is 14

Long Trend /
BLA: Long term trend is still an Uptrend

BLA: Long Term Trend Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Elder Ray Index /
[Bearish]: Elder Ray Index is -2.038 indicating bear power

[BEARISH]: Blue SkyElder Ray Index is signalling a Bearish movementERI is -2.038 indicating bear power. Prices are being driven below the consensus of value for BLA during the last trading session [Selling Pressure]

Opening Price /
Recent trading has opened -3.2000000000000000 % lower than previous close for BLA

[BEARISH]: Blue Sky opening price has gapped down. Currently, the OPEN is $3.63 (-3.2000000000000000 %).

Bill Williams Market Facilitation /
Volume is down & Money Flow Index is up confirming a Fake Day for BLA

BLA: BWMF Current Signal -> (1) 19 Apr: Fake Day (2) 18 Apr: Fade Day (3) 17 Apr: Fade Day

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Commodity Channel Index /
CCI has stabilized for BLA

[NEUTRAL]: Blue Sky current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -95. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -295.

William %R Oversold signal is still current for Blue Sky [Bullish]
Williams %R /
William %R Oversold signal is still current for Blue Sky [Bullish]

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

BLA: Price continues to move below the SMA(5) @$4.084
Simple Moving Average /
BLA: Price continues to move below the SMA(5) @$4.084

[BULLISH]: Blue Sky currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.5%.

Pivot Points /
Pivot point for BLA is bearish. Stoploss should be positioned @$3.937

Blue Sky current pivot point is: 3.597. The current resistance levels are: (R1) $3.784: (R2) $3.937: (R3) $4.124: The current support levels are: (S1) $3.444: (S2) $3.257: (S3) $3.104

Relative Strength Index /
Relative Strength Oversold signal is still current for Blue Sky [Bullish]

[BULLISH]: Blue Sky is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @7.0744

Exponential Moving Average /
Blue Sky: Closing price $3.63 is below the EMA(5) @$4.10621

[BEARISH]: Blue Sky 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 -0.5%.

Market conditions are indicating DVI distribution is current for BLA
Daily Volume Index /
Market conditions are indicating DVI distribution is current for BLA

[BEARISH]: Blue Sky current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -18564.

Chaikin Oscillator showing selling pressure for BLA
Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for BLA

BLA: Chaikin Oscillator Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

On Balance Volume /
Traders are currently Distributing Blue Sky

[BEARISH]: Blue Sky current price has highlighted recent distribution. Currently, the OBV is -7.76564e+006.

Weighted Moving Average /
The WMA trend following signal is still current for Blue Sky [Bearish]

BLA: WMA Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Stochastic Oscillator /
BLA: Stochastic Oscillator continues to move below the oversold limit @3.1

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

Blue Sky: Detrended Price Oscillator(20) (-7.6215)
Detrended Price Oscillator /
Blue Sky: Detrended Price Oscillator(20) (-7.6215)

[BEARISH]: Blue Sky currently has a confirmed downtrend. Price is currently below the displaced moving average for BLACurrently, the return on DPO20 is -0.5%.

Blue Sky currently has negative momentum of -1.74
Momentum /
Blue Sky currently has negative momentum of -1.74

[BEARISH]: Blue Sky currently has negative momentum of -1.74 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.5%.The largest downward momentum rally for the last 3 months is 20 days producing a return of -101.3%%.

Blue Sky: Rate of change (-65.096)
Rate of Change /
Blue Sky: Rate of change (-65.096)

[BEARISH]: Blue Sky currently has negative rate of change of -65.1%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Short Trend /
Blue Sky: Daily trend is currently an Downtrend

[BEARISH]: Blue Sky is in a downtrend in the short term timeframe. The current rally number is 4 & the highest rally count for the LTM is 5

Percentage Price /
Signal line is still below the EMA for Blue Sky producing negative momentum

[BEARISH]: Blue Sky currently has negative PPO -27.800%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Price Range /
Blue Sky: Daily price tange is $0.34 [Increasing Range]

[BULLISH]: Blue Sky current uptrend in the first timeframe. Currently, the Range is $0.34.

Average True Range /
Recent trading indicates ATR downward trend direction likely for BLA [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Blue Sky has a TR of 0.34, and an ATR(14) of 0.65.

Stoploss for Blue Sky should be set at $0
Fibonacci Extensions /
Stoploss for Blue Sky should be set at $0

Blue Sky has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for BLA should be set @$0 & short position stoploss for Blue Sky should be set at $0

Blue Sky: Volume MACD @-204671 [Bearish]
MACD Volume /
Blue Sky: Volume MACD @-204671 [Bearish]

[BEARISH]: Blue Sky currently has negative Volume MACD of -204671. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Low Price /
Blue Sky: Daily low price is $3.41 [Lower low]

[BULLISH]: Blue Sky current downtrend in the first timeframe. Currently, the Low is $3.41 (-3.9000000000000000 %).

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