BSL | Australian Securities Exchange

Bluescope Steel
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Bluescope Steel was easily moved upward on low volume in recent trading [Bullish]
Ease of Movement /
Bluescope Steel was easily moved upward on low volume in recent trading [Bullish]

BSL: EOM Current Signal -> (1) 22 Mar: BULLISH EASY (2) 21 Mar: BULLISH HARD (3) 20 Mar: BEARISH EASY

Negative momentum: Price is now trading lower for Bluescope Steel than 14 days ago
Momentum /
Negative momentum: Price is now trading lower for Bluescope Steel than 14 days ago

[BEARISH CROSSOVER]: Bluescope Steel currently has negative momentum of -0.14 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.9%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%.

Bill Williams Market Facilitation /
Bluescope Steel: Bill Williams Profanity [Fake Day]

Bluescope Steel Currently is a confirmed Fake Day. MFI indicator is up, volume is down for BSL. Trend continuation possible for BSL from reduced trading activity.

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for BSL

[BEARISH]: Bluescope Steel UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.395.

Pivot Points /
Pivot point for BSL is bearish. Stoploss should be positioned @$14.19

Bluescope Steel has broken the first support point ($13.58) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$13.58 & short position stoploss for Bluescope Steel should be set between $14.19 & $14.325

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

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.9%.

Donchian oversold signal continues for Bluescope Steel indicating upward price movement is likely
Donchian Channels /
Donchian oversold signal continues for Bluescope Steel indicating upward price movement is likely

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

Black Candle /
BSL Basic Candle: Black

[BEARISH]: Bluescope Steel has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Elders Force Index (45871) has signalled buying pressure has initiated for BSL
Elders Force Index /
Elders Force Index (45871) has signalled buying pressure has initiated for BSL

[BULLISH]: Bluescope Steel current price has highlighted recent buying pressure. Currently, the Elders Force Index is 45871.

[Bull Power]: Prices are being driven above the consensus of value for BSL during the last trading session
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 0.403 indicating bull power. Prices are being driven above the consensus of value for BSL during the last trading session [Buying Pressure]

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

[BEARISH CROSSOVER]: Bluescope Steel currently has negative rate of change of -1.001%. 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

Triangular Moving Average /
The TMA trend following signal is still current for Bluescope Steel [Bullish]

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.9%.

Dark Cloud Cover /
Bluescope Steel (BSL): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Bluescope Steel has formed a new bearish Dark Cloud Cover reversal pattern. This means, BSL has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Price continues to trade above the Exponential Moving Average(15) for BSL
Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(15) for BSL

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.9%.

Bluescope Steel: 0.618 Fibonacci Fan ($17.03)
Fibonacci Fans /
Bluescope Steel: 0.618 Fibonacci Fan ($17.03)

Bluescope Steel: The current Fibonacci Fan levels are: (23.61%) $22.27: (38.2%) $17.92: (50%) $17.48: (61.8%) $17.03The current support levels are: (78.6%) $16.38: (100%) $15.58: (138.2%) $14.13: (161.8%) $13.24: (261.8%) $9.46: (423.61%) $3.34

Open Tod Vs Close Tod /
Open/close reversal: Sellers have taken control during the trading day for Bluescope Steel

[BEARISH]: Bluescope Steel opened in the middle part of daily range at 65.6% & closed in the lower part of the trading range at 32.8%. This suggests the sellers have taken control. Over the last 12 months there has been 3 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 18.8%.

Accumulation / Distribution /
Recent trading signals Bluescope Steel is being distributed

[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 -640585.

On Balance Volume /
Confirmation of Bluescope Steel is currently being accumulated via OBV

[BULLISH]: Bluescope Steel current price has highlighted recent accumulation. Currently, the OBV is 234874.

Bluescope Steel: 0.618 Fibonacci Retraction (10.57)
Fibonacci Retracements /
Bluescope Steel: 0.618 Fibonacci Retraction (10.57)

Bluescope Steel: The current Fibonacci Retraction levels are: (23.61%) $13.82: (38.2%) $11.12: (50%) $10.85: (61.8%) $10.57The current support levels are: (78.6%) $10.17: (100%) $9.67: (138.2%) $8.77: (161.8%) $8.22: (261.8%) $5.87: (423.61%) $2.07

Bluescope Steel has moved below the S2 Woodie pivot point ($13.571) [Bearish]
Woodie Pivot Point /
Bluescope Steel has moved below the S2 Woodie pivot point ($13.571) [Bearish]

Bluescope Steel has broken the first Woodie support point ($13.571) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$13.571 & short position stoploss for Bluescope Steel should be set at $14.181

Bluescope Steel: Stochastic Oscillator (49.5)
Stochastic Oscillator /
Bluescope Steel: Stochastic Oscillator (49.5)

BSL: Stochastic Oscillator Trading -> (1) 22 Mar: 49.5 (2) 21 Mar: 36.9 (3) 20 Mar: 12.6

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

BSL: Aroon Oscillator Current Signal -> (1) 22 Mar: BULLISH (2) 21 Mar: BULLISH (3) 20 Mar: BULLISH

Percentage Volume /
The current volume for BSL is losing momentum through a fall against the short term EMA

[BEARISH]: Bluescope Steel currently has negative PVO -7.26%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.11022e-016%.

Supertrend /
Bluescope Steel: Supertrend (12.922) has confirmed an uptrend is present

[BULLISH]: Bluescope Steel has a current Supertrend of 12.922

Fibonacci Extensions /
Bluescope Steel: 1.618 Fibonacci Extension ($10.57)

Bluescope Steel: The current Fibonacci Extension levels are: (23.61%) $13.82: (38.2%) $13.47: (50%) $13.2: (61.8%) $12.92The current support levels are: (78.6%) $12.52: (100%) $12.02: (138.2%) $11.12: (161.8%) $10.57: (261.8%) $8.22: (423.61%) $4.42

Daily trading for BSL indicated sellers are now in control
Close Tod Vs Range Tod /
Daily trading for BSL indicated sellers are now in control

[BEARISH]: Bluescope Steel sellers in control. This is the first day of seller commitment for Bluescope Steel adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 5 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.9%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 31.3%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 2 days in the upper range giving a ratio of 2.5x.

Distribution DVI signal for Bluescope Steel is confirmed
Daily Volume Index /
Distribution DVI signal for Bluescope Steel is confirmed

BSL: DVI Current Signal -> (1) 22 Mar: BEARISH (2) 21 Mar: BEARISH (3) 20 Mar: BEARISH

Volume Rate of Change /
Bluescope Steel has initiated a negative volume rate of change of -41

[BEARISH CROSSOVER]: Bluescope Steel currently has negative rate of change of -41%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.9%.

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