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

Carsales
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[Bearish]: Carsales current trading has maintained the William %R to Overbought status
Williams %R /
[Bearish]: Carsales current trading has maintained the William %R to Overbought status

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

Stochastic Overbought signal continues for Carsales indicating downward price movement is likely
Stochastic Oscillator /
Stochastic Overbought signal continues for Carsales indicating downward price movement is likely

CAR: Stochastic Oscillator Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Carsales indicating upward price movement is likely

[BULLISH]: Carsales currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.9%.

Percentage Volume /
Carsales: Percentage Volume Oscillator (4.72)

[BULLISH]: Carsales currently has positive PVO 4.72%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -0.9%.

Chaikin Money Flow /
No signal present from the CMF indicator for CAR

CAR: Chaikin Oscillator Recent Trading -> (1) 22 Jun: 0.04 (2) 21 Jun: 0.05 (3) 20 Jun: -0.05

Elder Ray Index /
[Buying Pressure]: ERI has increased for Carsales during the last trading session

[BULLISH]: Carsales Elder Ray Index is signalling a Bullish movementERI is 0.675 indicating bull power. Prices are being driven above the consensus of value for CAR during the last trading session [Buying Pressure]

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Hook Reversal /
A short term Hook Reversal has formed with Carsales

[BEARISH]: A short term Hook Reversal has formed with Carsales which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 3 occurrences of this bar reversal giving a signal probability of 1.1%.

Currently this quarter, closing price for CAR has spent 19 days in the lower price range
Close Tod Vs Range Tod /
Currently this quarter, closing price for CAR has spent 19 days in the lower price range

[BEARISH]: Carsales sellers in control. This is the first day of seller commitment for Carsales 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 81 trading days with the closing price in the lower part of the range giving a confirmation ratio of 30.8%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 19 days in the lower price range compared to 21 days in the upper range giving a ratio of 0.9x.

Carsales: Sine Weighted Moving Average(5) (15.11)
Sine Weighted Moving Average /
Carsales: Sine Weighted Moving Average(5) (15.11)

[BULLISH]: Carsales currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.9%.

Low Price /
Low for CAR has surpassed the low of the previous trading session

[BEARISH]: Carsales current uptrend in the first timeframe. Currently, the Low is $15.31 (0.7 %).

Open Tod Vs Close Tod /
Carsales: Over the last month there has been 3 trading days giving a confirmation ratio of 20%.

[BEARISH STRONG]: Carsales opened in the upper part of daily range at 96.4% & closed in the lower part of the trading range at 32.1%. This suggests the sellers were in control all day. Over the last 12 months there has been 36 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 13.7%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 20%.

Percentage Price /
PPO has positive momentum signalling a continuation of upward price rise for CAR

[BULLISH]: Carsales currently has positive PPO 1.494%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Overbought signal for the Relative Strength Index is still current for Carsales [OVERBOUGHT]
Relative Strength Index /
Overbought signal for the Relative Strength Index is still current for Carsales [OVERBOUGHT]

[BEARISH]: Carsales is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @73.2

Carsales: Daily price range is 0.28 [Downtrend]
Price Range /
Carsales: Daily price range is 0.28 [Downtrend]

[BEARISH]: Carsales current downtrend in the first timeframe. Currently, the Range is $0.28.

Close Tod Vs Close Yest /
Daily trading performance for CAR has initiated a short term downtrend

[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 -2.8 & 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 -10.7%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -4.7%. 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 1.2x. Over the last month the average daily downward movement has been -0.900000%

Short Black Candle /
CAR Basic Candle: Short Black

[BEARISH]: Carsales has formed a Short Black candlestick. This means, CAR has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Opening Price /
[Bullish]: Opening performance for CAR of 2.5 % was achieved in last trading session

CAR: OPEN Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Recent trading signals Carsales is being accumulated
On Balance Volume /
Recent trading signals Carsales is being accumulated

[BULLISH]: Carsales current price has highlighted recent accumulation. Currently, the OBV is 2.82396e+006.

Carsales: Daily volume performance is -56.7 [Downtrend]
Volume /
Carsales: Daily volume performance is -56.7 [Downtrend]

CAR: VOLUME Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Carsales has signalled an Aroon trend present [Strong Uptrend]
Aroon Oscillator /
Carsales has signalled an Aroon trend present [Strong Uptrend]

[BULLISH]: Carsales has a current ARO(25) of 76. This has change 0 points from yesterday.

Exponential Moving Average /
Carsales is in a short term uptrend with the support price @$15.1736

[BULLISH]: Carsales 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 -0.9%.

Detrended Price Oscillator /
Bullish trading conditions for Carsales has been signalled from the DPO (0.913)

[BULLISH]: Carsales currently has a confirmed uptrend. Price is currently above the displaced moving average for CAR. Currently, the return on DPO20 is -0.9%.

MACD /
Carsales: MACD oscillator (0.1011)

[BULLISH]: Carsales currently has positive MACD of 0.1011. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 4.2%.

Commodity Channel Index /
Potential CCI trend reversal has been identified with Carsales

[BEARISH]: Carsales current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 242. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 321.

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

[BULLISH]: Carsales currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.9%.

Carsales has initiated a negative volume rate of change of -7
Volume Rate of Change /
Carsales has initiated a negative volume rate of change of -7

[BEARISH CROSSOVER]: Carsales currently has negative rate of change of -7%. 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%.

Simple Moving Average /
Carsales is in a short term uptrend with the support price @$15.11

[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 -0.9%.

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