Technical analysis from Bluescope Steel (BSL.AX.AX, ASX:BSL.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Bluescope Steel
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Bluescope Steel: Rate of Change (14)
Rate of Change /
Bluescope Steel: Rate of Change (14)

[BULLISH]: Bluescope Steel currently has positive rate of change of 7.3%. 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

BSL has achieved a higher range ($0.64)
Price Range /
BSL has achieved a higher range ($0.64)

[BULLISH]: Bluescope Steel current uptrend in the first timeframe. Currently, the Range is $0.64.

Volume /
Recent trading for BSL has beaten the previous volume high by 273.4 [Uptrend]

[BULLISH]: Bluescope Steel current volume uptrend in the first timeframe. Volume for BSL is5.10048e+006 (273.4).

Commodity Channel Index /
Potential initiation of a trend reversal (Bearish) for Bluescope Steel

[BEARISH CROSSOVER]: Bluescope Steel current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 188. During the quarter, the highest CCI value was 188. The last overbought signal occurred on Jan 10 2018

Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Bluescope Steel

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 4.1%.

Short Trend /
Bluescope Steel: Uptrend for the daily trend is continued

[BULLISH]: Bluescope Steel is in an uptrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 5

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Opening Price /
[Bullish]: Bluescope Steel has opened 1.3 % stronger

[BULLISH]: Bluescope Steel opening price has gapped up. Currently, the OPEN is $15.39 (1.3 %).

Bluescope Steel: Detrended Price Oscillator(20) is 0.4165 [Bullish Crossover]
Detrended Price Oscillator /
Bluescope Steel: Detrended Price Oscillator(20) is 0.4165 [Bullish Crossover]

BSL: DPO Current Signal -> (1) 19 Feb: BULLISH CROSSOVER (2) 16 Feb: BEARISH (3) 15 Feb: BEARISH

Momentum(5) is increasing for Bluescope Steel
Momentum /
Momentum(5) is increasing for Bluescope Steel

BSL: MOM Current Signal -> (1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH

Fibonacci Extensions /
Short positions for Bluescope Steel should be set between $13.16 & $12.27

Bluescope Steel has moved above the 161.8% level ($13.16) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$12.27 & short position stoploss for Bluescope Steel should be set at $14.05

Close Tod Vs Range Tod /
This is the first day of buyer commitment for Bluescope Steel adding strength to an uptrend in the first timeframe

[BULLISH]: Bluescope Steel buyers are in control at the market close. This is the first day of buyer commitment for Bluescope Steel 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 90 trading days with the closing price in the upper part of the range giving a confirmation ratio of 35.3%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 41.7%. Currently this quarter, closing price has spent 9 days in the upper price range compared to 5 days in the lower range giving a ratio of 1.8x.

Elders Force Index /
[Bullish]: Continued buying pressure for Bluescope Steel has been confirmed

[BULLISH]: Bluescope Steel current price has highlighted recent buying pressure. Currently, the Elders Force Index is 375953.

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

BSL: OBV Current Signal ->(1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH CROSSOVER

BSL Basic Candle: White
White Candle /
BSL Basic Candle: White

BSL: Basic Candlestick Recent Trading -> (1) 19 Feb: White Candle (2) 16 Feb: Black Candle (3) 15 Feb: White Candle

Percentage Price /
Signal line is now above the EMA for Bluescope Steel producing positive momentum

[BULLISH CROSSOVER]: Bluescope Steel currently has positive PPO 0.200%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Closing Price /
Close for BSL has surpassed the close of the previous trading session

[BULLISH]: Bluescope Steel current uptrend in the first timeframe. Currently, the Close is $15.79.

Stochastic Oscillator /
Stochastic overbought signal had been cancelled for Bluescope Steel

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

Bluescope Steel: Daily high price is $15.94 [Higher High]
High Price /
Bluescope Steel: Daily high price is $15.94 [Higher High]

BSL: HIGH Current Signal -> (1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH

Bluescope Steel has signalled an Aroon trend present [Strong Downtrend]
Aroon Oscillator /
Bluescope Steel has signalled an Aroon trend present [Strong Downtrend]

[BEARISH]: Bluescope Steel has a current ARU(25) of 4 and a current ARD(25) of 64

Stoploss for Bluescope Steel should be set between $15.545
Demarks Pivot Points /
Stoploss for Bluescope Steel should be set between $15.545

Bluescope Steel has broken the first DeMark resistance point ($15.7425) [Bullish]. Look for a long limit order entry near this point. Exit price for BSL should be set @$16.185 & Stoploss for Bluescope Steel should be set at $15.545

Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for BSL

BSL: Chaikin Oscillator Current Signal -> (1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH

Low Price /
Bluescope Steel: Daily low performance is 2 % [Uptrend]

[BEARISH]: Bluescope Steel current uptrend in the first timeframe. Currently, the Low is $15.3 (2 %).

Percentage Volume /
Bluescope Steel: Percentage Volume Oscillator @3.2 [Bullish Crossover]

[BULLISH CROSSOVER]: Bluescope Steel currently has positive PVO 3.2%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

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

[BULLISH]: Bluescope Steel 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 4.1%.

Bluescope Steel has moved above the R1 pivot point ($16.054) [Bullish]
Pivot Points /
Bluescope Steel has moved above the R1 pivot point ($16.054) [Bullish]

Bluescope Steel current pivot point is: 15.677. The current resistance levels are: (R1) $16.054: (R2) $16.317: (R3) $16.694: The current support levels are: (S1) $15.414: (S2) $15.037: (S3) $14.774

Williams %R /
Bluescope Steel is no longer overbought [Neutral]

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

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