BSL | Australian Stock Exchange

Bluescope Steel
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Bluescope Steel: Uptrend for the long term trend is continued
Long Trend /
Bluescope Steel: Uptrend for the long term trend is continued

[BULLISH]: Bluescope Steel has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jul 16 2018.

Bluescope Steel: Daily performance is -1.5 % [Downtrend]
Closing Price /
Bluescope Steel: Daily performance is -1.5 % [Downtrend]

[BEARISH]: Bluescope Steel current downtrend in the first timeframe. Currently, the Close is $18.23.

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

[BEARISH]: Bluescope Steel current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -9672.

Volume /
Bluescope Steel: Daily volume performance is 3.2 [Uptrend]

[BULLISH]: Bluescope Steel current volume uptrend in the first timeframe. Volume for BSL is 1.76669e+006 (3.2).

Low Price /
Recent trading for Bluescope Steel fell short of the previous low by -1.1 %

[BULLISH]: Bluescope Steel current downtrend in the first timeframe. Currently, the Low is $18.23 (-1.1 %).

Demarks Pivot Points /
Bluescope Steel has moved below the S1 DeMark pivot point ($18.3063) [Bearish]

Bluescope Steel has broken the first DeMark support point ($18.3063) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$18.0780 & short position stoploss for Bluescope Steel should be set at $18.383

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MACD Volume /
Bluescope Steel: Volume MACD oscillator (-37667)

[BEARISH]: Bluescope Steel currently has negative Volume MACD of -37667. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Price is now trading below the Simple Moving Average(5) for BSL
Simple Moving Average /
Price is now trading below the Simple Moving Average(5) for BSL

[BEARISH]: Bluescope Steel currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.5%.

Accumulation OBV signal for Bluescope Steel is confirmed
On Balance Volume /
Accumulation OBV signal for Bluescope Steel is confirmed

[BULLISH]: Bluescope Steel current price has highlighted recent accumulation. Currently, the OBV is 8.90453e+006.

Percentage Volume /
Volume for Bluescope Steel continues to lose momentum @-4.1)

BSL: PVO Recent Trading -> (1) 17 Jul: -4.1 (2) 16 Jul: -3.23 (3) 13 Jul: -1.84

Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a weak trend is intact for BSL

[Weak Trend]: ADX for BSL has confirmed a weak trend is present. Bluescope Steel has an ATR(14) of 0.481, a DX of 26.22 & an ADX(14) of 21.21

Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Bluescope Steel

[BEARISH]: Bluescope Steel 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 -1.5%.

Positive VROC confirmation for BSL is a leading indicator for continued price rise
Volume Rate of Change /
Positive VROC confirmation for BSL is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Bluescope Steel currently has positive volume of change of 8%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.5%.

[Short]: Entry price for BSL should be set @$9.54
Fibonacci Extensions /
[Short]: Entry price for BSL should be set @$9.54

Bluescope Steel has moved above the 161.8% level ($9.54) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$10.39 & short position stoploss for Bluescope Steel should be set at $8.69

Weighted Moving Average /
WMA(15) is now trading above the WMA(30) for Bluescope Steel

[BEARISH]: Bluescope Steel currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.5%.

Accumulation / Distribution /
Distribution still active for Bluescope Steel

[BEARISH]: Bluescope Steel current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.45537e+007.

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

[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 -1.5%.

BSL Basic Candle: Black
Black Candle /
BSL Basic Candle: Black

BSL: Basic Candlestick Current Signal -> (1) 17 Jul: BEARISH (2) 16 Jul: BULLISH (3) 13 Jul: BULLISH

The win ratio for price fall in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x
Close Tod Vs Close Yest /
The win ratio for price fall in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x

BSL: Recent performance signals ->(1) 17 Jul: NEUTRAL (2) 16 Jul: BULLISH (3) 13 Jul: BULLISH

Bluescope Steel: Daily high price is $18.535 [Lower High]
High Price /
Bluescope Steel: Daily high price is $18.535 [Lower High]

[BEARISH]: Bluescope Steel current downtrend in the first timeframe. Currently, the HIGH is -2.4 %.

Stochastic Oscillator /
Bluescope Steel is no longer overbought [Neutral]

BSL: Stochastic Oscillator Signal -> (1) 17 Jul: BEARISH CROSSUNDER (2) 16 Jul: BEARISH (3) 13 Jul: BEARISH

Aroon Oscillator /
Aroon oscillator for Bluescope Steel has signalled an uptrend is active

[BULLISH]: Bluescope Steel has a current ARU(25) of 96 and a current ARD(25) of 64

Pivot Points /
Bluescope Steel has moved below the S1 pivot point ($18.129) [Bearish]

Bluescope Steel has broken the first support point ($18.129) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$18.027 & short position stoploss for Bluescope Steel should be set between $18.637 & $18.739

Commodity Channel Index /
Bluescope Steel is no longer overbought @ 79

[NEUTRAL]: Bluescope Steel current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 79. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 130.

Bluescope Steel: Detrended Price Oscillator(20) (0.187)
Detrended Price Oscillator /
Bluescope Steel: Detrended Price Oscillator(20) (0.187)

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Price is currently above the displaced moving average for BSL. Currently, the return on DPO20 is -1.5%.

Lower envelope oversold signal had been maintained for Bluescope Steel
Moving Average Envelope /
Lower envelope oversold signal had been maintained for Bluescope Steel

[BULLISH]: Bluescope Steel current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 17.1.

Average True Range /
Bluescope Steel: ATR (0.481) has signalled an downtrend is current

[Bearish]: Average True Range has confirmed an downtrend is present. Bluescope Steel has a TR of 0.305, and an ATR(14) of 0.481.

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