BSL | Australian Securities Exchange

Bluescope Steel
+ Share

Selling pressure for BSL.AX continues - bearish signal
Chaikin Money Flow /
Selling pressure for BSL.AX continues - bearish signal

[BEARISH]: Bluescope Steel current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.21. Bluescope Steel (ASX:BSL) received a confirmed CMF crossover days on the Aug 30 2018. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.41 occurring on the Aug 30 2018.

Daily trading has confirmed the DPO(20) is bearish for Bluescope Steel
Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Bluescope Steel

BSL: DPO Recent Trading -> (1) 26 Sep: -0.651 (2) 25 Sep: -1.0885 (3) 24 Sep: -1.6015

Volume Rate of Change /
Positive VROC: Volume is higher for Bluescope Steel than 14 days ago

[BULLISH]: Bluescope Steel currently has positive volume of change of 10%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.3%.

MACD Volume /
BSL: Volume Moving Average Convergence Divergence [Bullish]

[BULLISH]: Bluescope Steel currently has positive Volume MACD of 25659. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Daily Volume Index /
Confirmation of Bluescope Steel is currently being distributed via DVI

[BEARISH]: Bluescope Steel (ASX:BSL) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -12054.

Bluescope Steel: Range Performance (-58.9)
Range Tod Vs Range Yest /
Bluescope Steel: Range Performance (-58.9)

[WEAK BEARISH]: Bluescope Steel buyers are becoming less eager. This is the first day buyers have decreased eagerness for BSL reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $1.9400 & the greatest daily price range this year has been $5.5000. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.4x.

Open Tod Vs Close Tod /
Bluescope Steel: Buyers have lost commitment.

[BULLISH WEAK]: Bluescope Steel opened in the lower part of daily range at 28.2% & closed in the middle part of the trading range at 48.7%. This suggests the buyers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 11.1%.

Donchian Overbought signal continues for Bluescope Steel indicating downward price movement is likely
Donchian Channels /
Donchian Overbought signal continues for Bluescope Steel indicating downward price movement is likely

[BEARISH]: Bluescope Steel is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Bluescope Steel currently has negative PPO -1.891
Percentage Price /
Bluescope Steel currently has negative PPO -1.891

[BEARISH]: Bluescope Steel currently has negative PPO -1.891%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Simple Moving Average /
Simple Moving Average(15) signal is confirmed for Bluescope Steel indicating upward price movement is likely

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 2.3%.

Coles Reaction Day /
BSL: Short term trend has confirmed a rally day

Bluescope Steel: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for BSL

Elders Force Index /
Price & volume confirms continued selling pressure for Bluescope Steel is likely

[BEARISH]: Bluescope Steel current price has highlighted recent selling pressure. Currently, the Elders Force Index is -174528.

Bollinger Band Overbought signal is still current for Bluescope Steel [Bearish]
Bollinger Bands /
Bollinger Band Overbought signal is still current for Bluescope Steel [Bearish]

[BEARISH]: Bluescope Steel is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 46.87% with a current width of 11.03.

Accumulation / Distribution /
Bluescope Steel: Current trading activity signals distribution is present

[BEARISH]: Bluescope Steel (ASX:BSL) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -2.93308e+007.

Aroon Oscillator /
Bluescope Steel: Aroon oscillator (-76) has confirmed a strong downtrend is present

[BEARISH]: Bluescope Steel has a current ARU(25) of 20 and a current ARD(25) of 96

Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for BSL during the last trading session

[BULLISH]: Bluescope Steel Elder Ray Index is signalling a Bullish movementERI is 0.358 indicating bull power. Prices are being driven above the consensus of value for BSL during the last trading session [Buying Pressure]

Bluescope Steel: Ulcer Index 6.983 [High Stress]
Ulcer Index /
Bluescope Steel: Ulcer Index 6.983 [High Stress]

[BULLISH]: Bluescope Steel UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.983.

Bluescope Steel: Two White Soldiers
Two White Soldiers /
Bluescope Steel: Two White Soldiers

[BULLISH]: Bluescope Steel has formed a new Two White Soldiers pattern.

Daily trading has confirmed an ATR uptrend (0.547) for Bluescope Steel
Average True Range /
Daily trading has confirmed an ATR uptrend (0.547) for Bluescope Steel

[Bullish]: Average True Range has confirmed an uptrend is present. Bluescope Steel has a TR of 0.58, and an ATR(14) of 0.547.

Medium Trend /
Bluescope Steel has maintained the 2nd timeframe trend [Downtrend]

[BEARISH]: Bluescope Steel is in an downtrend in the medium term timeframe. The current rally number is 33 & the highest rally count for the LTM is 33. The highest rally for the month is 18

On Balance Volume /
Bluescope Steel is being actively distributed based on OBV

[BEARISH]: Bluescope Steel current price has highlighted recent distribution. Currently, the OBV is -2.53969e+007.

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

[BULLISH CROSSOVER]: Bluescope Steel currently has positive MACD of 0.0219. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.

Rate of Change /
Negative ROC for Bluescope Steel is a leading indicator for continued price fall

[BEARISH]: Bluescope Steel currently has negative rate of change of -2.563%. 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

Bluescope Steel: Stochastic Oscillator (64.2)
Stochastic Oscillator /
Bluescope Steel: Stochastic Oscillator (64.2)

BSL: Stochastic Oscillator Signal -> (1) 26 Sep: NEUTRAL (2) 25 Sep: BEARISH CROSSUNDER (3) 24 Sep: BEARISH

Bluescope Steel: Closing price $16.73 is above the SWMA(15) @$16.55
Sine Weighted Moving Average /
Bluescope Steel: Closing price $16.73 is above the SWMA(15) @$16.55

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 2.3%.

Close Tod Vs Close Yest /
Over the last month the average daily win ratio has been 2.900000%

BSL: Recent performance signals ->(1) 26 Sep: BULLISH (2) 25 Sep: BULLISH (3) 24 Sep: NEUTRAL

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