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

Brambles
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Limit order for a long position has been identified for Brambles [Bullish]
Woodie Pivot Point /
Limit order for a long position has been identified for Brambles [Bullish]

Brambles current pivot point (Woodie) is: $9.658. The current resistance levels are: (R1) $9.696: (R2) $9.788The current support levels are: (S1) $9.566: (S2) $9.528

MACD oscillator remains negative for BXB
MACD /
MACD oscillator remains negative for BXB

BXB: MACD Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Fibonacci Extensions /
Brambles has moved below the 161.8% extension level ($12.39) [Bullish]

Brambles has moved below the 161.8% level ($12.39) [Bullish]. Look for a long limit order entry near this point. Exit price for BXB should be set @$11.04 & Stoploss for Brambles should be set at $13.74

Chaikin Money Flow /
Brambles: CMF(-0.1)

[BEARISH]: Brambles current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.32

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.

Close Tod Vs Range Tod /
Brambles closed in the lower part of daily range at 7.7%.

[BEARISH]: Brambles sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Brambles 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 96 trading days with the closing price in the lower part of the range giving a confirmation ratio of 37.8%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 36.4%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 5 days in the upper range giving a ratio of 1.2x.

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Detrended Price Oscillator /
Brambles: Detrended Price Oscillator(20) (-0.3255)

[BEARISH]: Brambles currently has a confirmed downtrend. Price is currently below the displaced moving average for BXBCurrently, the return on DPO20 is 0.5%.

14-day volume rate of change is increasing for Brambles
Volume Rate of Change /
14-day volume rate of change is increasing for Brambles

BXB: VROC Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH CROSSOVER (3) 14 Feb: BULLISH CROSSOVER

[Downtrend]: The second timeframe trend has continued for BXB
Medium Trend /
[Downtrend]: The second timeframe trend has continued for BXB

[BEARISH]: Brambles has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Feb 12 2018.

Daily Volume Index /
BXB: Current trading activity signals DVI distribution is active

[BEARISH]: Brambles current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Momentum /
The largest downward momentum rally for BXB in the last 3 months is 3

[BEARISH]: Brambles currently has negative momentum of -0.18 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.5%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -3.2%%.

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for BXB

[BULLISH]: Brambles currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.5%.

[Bearish]: Continued selling pressure for Brambles has been confirmed
Elders Force Index /
[Bearish]: Continued selling pressure for Brambles has been confirmed

[BEARISH]: Brambles current price has highlighted recent selling pressure. Currently, the Elders Force Index is -115799.

Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Brambles

[BEARISH]: Brambles 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 0.5%.

Exponential Moving Average /
BXB: Price continues to move below the EMA(5) @$9.65241

BXB: EMA(5) Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

Opening Price /
Brambles: Daily opening performance is -0.7 % [Uptrend]

[BULLISH]: Brambles opening price has gapped up. Currently, the OPEN is $9.63 (-0.7 %).

Price continues to trade below the Sine Weighted Moving Average(5) for BXB
Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(5) for BXB

[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 0.5%.

Strong price performance from BXB has seen a lower low of 0.7 % [Uptrend]
Low Price /
Strong price performance from BXB has seen a lower low of 0.7 % [Uptrend]

[BEARISH]: Brambles current uptrend in the first timeframe. Currently, the Low is $9.62 (0.7 %).

Strong price performance from BXB has seen a higher close of 0.5 % [Uptrend]
Closing Price /
Strong price performance from BXB has seen a higher close of 0.5 % [Uptrend]

[BULLISH]: Brambles current uptrend in the first timeframe. Currently, the Close is $9.63.

Pivot Points /
Stoploss for Brambles should be set between $9.537 & $9.454

Brambles has broken the first resistance point ($9.714) [Bullish]. Look for a long limit order entry near this point. Exit price for BXB should be set @$9.797 & Stoploss for Brambles should be set between $9.537 & $9.454

Aroon Oscillator /
Brambles: Aroon oscillator (-60) has confirmed a strong downtrend is present

[BEARISH]: Brambles has a current ARO(25) of -60. This has change 0 points from yesterday.

Range Tod Vs Range Yest /
Brambles: Range Performance (-33.3)

[WEAK BEARISH]: Bramblesbuyers are becoming less eager.There has been 2 consecutive days of range decrease for BXB reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.52 & the greatest daily price range this year has been $0.72. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.7x.

Commodity Channel Index /
Brambles is no longer oversold

[NEUTRAL]: Brambles current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -83. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -201.

Brambles was difficult to move upward due to high volume in recent trading [Bullish]
Ease of Movement /
Brambles was difficult to move upward due to high volume in recent trading [Bullish]

[BULLISH]: Brambles current price have moved upwards on high volume. Currently, the Ease of Movement is 0.099

Positive momentum on volume for BXB is maintained & supports a bullish move is likely
Percentage Volume /
Positive momentum on volume for BXB is maintained & supports a bullish move is likely

BXB: PVO Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

Volume /
BXB has achieved a new high of 4.25608e+006 (1.1)

[BULLISH]: Brambles current volume uptrend in the first timeframe. Volume for BXB is4.25608e+006 (1.1).

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