[BEARISH WEAK]: Catuity opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 63.6%. This suggests the sellers have lost commitment. Over the last 12 months there has been 35 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 13.8%. Over the last month there has been 5 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 45.5%.
[BEARISH]: Catuity current price has highlighted recent selling pressure. Currently, the Elders Force Index is -12044.
[BULLISH]: Catuity is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
[BEARISH]: Catuitysellers are increasingly eager. This is the first day sellers have increasing eagerness for CAT adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.315 & the greatest daily price range this year has been $0.51. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.6x.
[Weak Trend]: ADX for CAT has confirmed a weak trend is presentCatuity has an ATR(14) of 0.08, a DX of 16.53 & an ADX(14) of 17.8
Australian Stock Exchange
Argo Investments managing director Jason Beddow said losses and writedowns at Bunnings' two-year-old home improvement business in the UK could dent Wesfarmers' appetite for acquisitions, especially offshore, forcing the conglomerate to focus on the low-growth Australian market.
CAT: Average True Range Recent Trading -> (1) 16 Feb: 0.08 (2) 15 Feb: 0.082 (3) 14 Feb: 0.084
CAT: EMA(5) Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH
[BULLISH]: Catuity currently has positive PPO 1.000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.
Catuity has broken the first Woodie support point ($1.742) [Bearish]. Look for a short limit order entry near this point. Exit price for CAT should be set @$1.711 & short position stoploss for Catuity should be set at $1.821
Catuity: The current Fibonacci Retraction levels are: (23.61%) $1.96: (38.2%) $1.5: (50%) $1.45: (61.8%) $1.4The current support levels are: (78.6%) $1.34: (100%) $1.25: (138.2%) $1.1: (161.8%) $1: (261.8%) $0.59: (423.61%) $-0.06
CAT: HIGH Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BULLISH (3) 14 Feb: BEARISH
[BULLISH]: Catuity current uptrend in the first timeframe. Currently, the Range is $0.055.
[BEARISH]: Catuity 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 -0.6%.
[BEARISH]: Catuity currently has negative momentum of -0.04 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.6%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -4.3%%.
[BULLISH]: Catuity current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.6815.
[BEARISH]: CatuityElder Ray Index is signalling a Bearish movementERI is -0.061 indicating bear power. Prices are being driven below the consensus of value for CAT during the last trading session [Selling Pressure]
Catuity has broken the first DeMark resistance point ($1.7575) [Bullish]. Look for a long limit order entry near this point. Exit price for CAT should be set @$1.78 & Stoploss for Catuity should be set at $1.725
[BEARISH]: Catuity current distribution has given weakness to the share price and the continuation of bearish trading conditions.
[BEARISH]: Catuity current volume downtrend in the first timeframe. Volume for CAT is50123 (-68.7).
[BEARISH]: Catuity currently has negative rate of change of -10.4%. 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
[BULLISH]: Catuity 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 -0.6%.
[BULLISH]: Catuity opening price has gapped up. Currently, the OPEN is $1.79 (0.6 %).
[BULLISH]: Catuity has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Feb 14 2018.