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

Carsales
+ Share

Price is now below the displaced moving average for CAR [Bearish]
Detrended Price Oscillator /
Price is now below the displaced moving average for CAR [Bearish]

[BEARISH]: Carsales currently has a confirmed downtrend. Price is currently below the displaced moving average for CARCurrently, the return on DPO20 is -4.9%.

Buyers are now increasingly eager for Carsales & the price range is expanding
Range Tod Vs Range Yest /
Buyers are now increasingly eager for Carsales & the price range is expanding

[BULLISH]: Carsalesbuyers are increasingly eager. This is the first day buyers have increased eagerness for CAR adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.01. & the greatest daily price range this year has been $1.01. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 1x.

Opening Price /
Carsales: Daily opening performance is -3.4 % [Downntrend]

CAR: OPEN Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

Medium Trend /
Carsales: Downtrend for the medium term trend is continued

[BEARISH]: Carsales has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jan 10 2018.

Pivot Points /
Carsales has moved above the R1 pivot point ($14.596) [Bullish]

Carsales has broken the first resistance point ($14.596) [Bullish]. Look for a long limit order entry near this point. Exit price for CAR should be set @$14.883 & Stoploss for Carsales should be set between $13.943 & $13.656

Average True Range /
Carsales: Average True Range (0.318) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Carsales has a TR of 0.82, and an ATR(14) of 0.318.

Top companies for
Australian Stock Exchange
Advertisment
MACD Volume /
Positive momentum on the Volume MACD histogram for CAR has been confirmed & supports a bullish move is likely

[BULLISH CROSSOVER]: Carsales currently has positive Volume MACD of 55485. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Closing price for CAR ($14.31) signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Closing price for CAR ($14.31) signals sellers are now keener than buyers

[BEARISH]: Carsalessellers are keener than buyers and are driving the price down. This is the first day of price decline for CAR adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.9 & the greatest daily negative change this year has been -4.9. The longest consecutive downswing rally over the last 12 months has been 10 days giving a total rally downward movement of -9.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -4.9%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -2.1%

Carsales: Daily high performance is -3.4 % [Downtrend]
High Price /
Carsales: Daily high performance is -3.4 % [Downtrend]

[BEARISH]: Carsales current downtrend in the first timeframe. Currently, the HIGH is -3.4 %.

Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Carsales

[BULLISH]: Carsales 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 -4.9%.

Fibonacci Extensions /
Stoploss for Carsales should be set at $7.67

Carsales has moved above the 161.8% level ($10.43) [Bearish]. Look for a short limit order entry near this point. Exit price for CAR should be set @$13.19 & short position stoploss for Carsales should be set at $7.67

Triangular Moving Average /
Price is now trading below the Triangular Moving Average(5) for CAR

[BEARISH]: Carsales currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -4.9%.

Recent trading for Carsales fell short of the previous low by -5.1 %
Low Price /
Recent trading for Carsales fell short of the previous low by -5.1 %

[BULLISH]: Carsales current downtrend in the first timeframe. Currently, the Low is $14.23 (-5.1 %).

Carsales: Current trading activity signals OBV accumulation is present
On Balance Volume /
Carsales: Current trading activity signals OBV accumulation is present

[BULLISH]: Carsales current price has highlighted recent accumulation. Currently, the OBV is 2.60126e+006.

Price Range /
[Bullish]: Range has increased for CAR during the last trading session

[BULLISH]: Carsales current uptrend in the first timeframe. Currently, the Range is $0.47.

Average Directional Movement /
CAR: Average Directional Index has confirmed a weak trend @17

[Weak Trend]: ADX for CAR has confirmed a weak trend is presentCarsales has an ATR(14) of 0.318, a DX of 14.94 & an ADX(14) of 17

Elder Ray Index /
Carsales: Elder Ray Index is -0.548 [Bearish]

[BEARISH]: CarsalesElder Ray Index is signalling a Bearish movementERI is -0.548 indicating bear power. Prices are being driven below the consensus of value for CAR during the last trading session [Selling Pressure]

Carsales: Current trading activity signals accumulation is confirmed
Accumulation / Distribution /
Carsales: Current trading activity signals accumulation is confirmed

[BULLISH CROSSOVER]: Carsales current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

[Uptrend]: Recent trading for CAR confirms bullish EMA(30) signal
Exponential Moving Average /
[Uptrend]: Recent trading for CAR confirms bullish EMA(30) signal

[BEARISH]: Carsales 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 -4.9%.

Carsales: Daily performance is -4.9 % [Downtrend]
Closing Price /
Carsales: Daily performance is -4.9 % [Downtrend]

[BEARISH]: Carsales current downtrend in the first timeframe. Currently, the Close is $14.31.

Weighted Moving Average /
[Downtrend]: Recent trading for CAR confirms bearish WMA(5) signal

[BEARISH]: Carsales 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 -4.9%.

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

[BULLISH]: Carsales current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 14.0790.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Carsales signalling the sellers were in control all day

CAR: Open today versus close yesterday Recent Trading ->(1) 11 Jan: 83% (2) 11 Jan: 100% (3) 11 Jan: 100%

Camarilla Pivot Points /
Carsales has broken the first Camarilla resistance point ($15.511) [Bullish]

Carsales has broken the first Camarilla resistance point ($15.511) [Bullish]. Look for a long limit order entry near this point. Exit price for CAR should be set @$16.712 & Stoploss for Carsales should be set between $11.908 & $10.707

[Bearish]: Elders Force Index (-64983) confirms selling pressure remains
Elders Force Index /
[Bearish]: Elders Force Index (-64983) confirms selling pressure remains

[BEARISH]: Carsales current price has highlighted recent selling pressure. Currently, the Elders Force Index is -64983.

Stochastic Oscillator for CAR has crossed below the oversold limit triggering a bullish crossover signal
Stochastic Oscillator /
Stochastic Oscillator for CAR has crossed below the oversold limit triggering a bullish crossover signal

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

Daily Volume Index /
Carsales: Current trading activity signals DVI distribution has commenced

[BEARISH CROSSOVER]: Carsales current price has highlighted the commencement of distribution and the start of bearish trading conditions.

See More   See more results
Advertisment
Advertisment
back to top