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

Brambles
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Volume MACD oscillator remains positive for BXB
MACD Volume /
Volume MACD oscillator remains positive for BXB

[BULLISH]: Brambles currently has positive Volume MACD of 2.36936e+006. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Brambles: Pivot Point ($9.447)
Pivot Points /
Brambles: Pivot Point ($9.447)

Brambles current pivot point is: 9.447. The current resistance levels are: (R1) $9.534: (R2) $9.677: (R3) $9.764: The current support levels are: (S1) $9.304: (S2) $9.217: (S3) $9.074

Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-20) for Brambles

[BEARISH]: Brambles has a current ARU(25) of 80 and a current ARD(25) of 100

Elder Ray Index /
Brambles: Elder Ray Index is -0.39 [Bearish]

[BEARISH]: Brambles Elder Ray Index is signalling a Bearish movementERI is -0.39 indicating bear power. Prices are being driven below the consensus of value for BXB during the last trading session [Selling Pressure]

Woodie Pivot Point /
Brambles has moved below the S1 Woodie pivot point ($9.276) [Bearish]

Brambles has broken the first Woodie support point ($9.276) [Bearish]. Look for a short limit order entry near this point. Exit price for BXB should be set @$9.203 & short position stoploss for Brambles should be set at $9.663

Bill Williams Market Facilitation /
Market movement continuation likely for BXB as a result of Fake Day

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

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Closed Window /
Brambles: Closed Window

BXB: Continuation Candlestick Current Signal -> (1) 17 May: BEARISH (2) 16 May: NEUTRAL (3) 15 May: NEUTRAL

The EMA trend following signal is still current for Brambles [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Brambles [Bearish]

[BEARISH]: Brambles 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 -2.3%.

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

[Bearish]: Average True Range has confirmed an downtrend is present. Brambles has a TR of 0.25, and an ATR(14) of 0.153.

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

[BEARISH]: Brambles UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.992.

Rate of Change /
Brambles currently has negative rate of change for -5.247

[BEARISH]: Brambles currently has negative rate of change of -5.247%. 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

Close Tod Vs Close Yest /
Daily trading performance for BXB has continued a short term downtrend

[BEARISH]: Bramblessellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for BXB adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.3 & the greatest daily negative change this year has been -3.2. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -5.1%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -5%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1.100000%

Closing price ($9.39) for BXB is now below the Lower Bollinger Band
Bollinger Bands /
Closing price ($9.39) for BXB is now below the Lower Bollinger Band

[BULLISH CROSSOVER]: Brambles has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is -22.97% with a current width of 5.61.

Brambles: Closing price $9.39 is below the SWMA(5) @$9.732
Sine Weighted Moving Average /
Brambles: Closing price $9.39 is below the SWMA(5) @$9.732

[BEARISH]: Brambles 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 -2.3%.

On Balance Volume /
OBV: Distribution still active for Brambles

[BEARISH]: Brambles current price has highlighted recent distribution. Currently, the OBV is -4.72207e+007.

Williams %R /
William %R for BXB is still below the oversold limit signalling a bullish movement

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

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Brambles

[BULLISH]: Brambles current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 9.291.

Brambles currently has negative PPO -0.265
Percentage Price /
Brambles currently has negative PPO -0.265

BXB: PPO Current Signal -> (1) 17 May: BEARISH (2) 17 May: BEARISH CROSSOVER (3) 17 May: BULLISH

Brambles has signalled an Average Directional Index weak trend present
Average Directional Movement /
Brambles has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for BXB has confirmed a weak trend is present. Brambles has an ATR(14) of 0.153, a DX of 34.87 & an ADX(14) of 14.88

BXB Basic Candle: Black
Black Candle /
BXB Basic Candle: Black

BXB: Basic Candlestick Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BEARISH

Medium Trend /
Brambles: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Brambles has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 7 2018.

Volume /
Recent trading for Brambles fell short of the previous volume by -86.2

BXB: VOLUME Current Signal -> (1) 17 May: BEARISH (2) 16 May: BULLISH (3) 15 May: BULLISH

Demarks Pivot Points /
Brambles: Stoploss for short position should be set between $9.425 & $9.49

Brambles has broken the first DeMark support point ($9.425) [Bearish]. Look for a short limit order entry near this point. Exit price for BXB should be set @$9.2600 & short position stoploss for Brambles should be set at $9.49

Accumulation / Distribution /
Brambles is being actively distributed

BXB: ADLINE Current Signal -> (1) 17 May: BEARISH (2) 17 May: BEARISH (3) 17 May: BEARISH CROSSOVER

Brambles: Daily low price is $9.36 [Lower low]
Low Price /
Brambles: Daily low price is $9.36 [Lower low]

[BULLISH]: Brambles current downtrend in the first timeframe. Currently, the Low is $9.36 (-2.6 %).

Stochastic Oscillator for BXB is still below the oversold limit signalling a bullish movement
Stochastic Oscillator /
Stochastic Oscillator for BXB is still below the oversold limit signalling a bullish movement

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

Percentage Volume /
Brambles: Percentage Volume Oscillator (47.76)

BXB: PVO Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH CROSSOVER (3) 15 May: BEARISH

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