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

Commonwealth Bank
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Commonwealth Bank opened in the upper part of daily range at 97.1% & closed in the upper part of the trading range at 87.1%. This suggests the sellers have lost control.
Open Tod Vs Close Tod /
Commonwealth Bank opened in the upper part of daily range at 97.1% & closed in the upper part of the trading range at 87.1%. This suggests the sellers have lost control.

[BULLISH]: Commonwealth Bank opened in the upper part of daily range at 97.1% & closed in the upper part of the trading range at 87.1%. This suggests the sellers have lost control. Over the last 12 months there has been 13 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 4.9%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 7.1%.

[Bullish]: Commonwealth Bank has opened 3.3 % stronger
Opening Price /
[Bullish]: Commonwealth Bank has opened 3.3 % stronger

[BULLISH]: Commonwealth Bank opening price has gapped up. Currently, the OPEN is $72.97 (3.3 %).

Fibonacci Extensions /
Commonwealth Bank has moved above the 161.8% extension level ($9.6) [Bearish]

Commonwealth Bank has moved above the 161.8% level ($9.6) [Bearish]. Look for a short limit order entry near this point. Exit price for CBA should be set @$9.19 & short position stoploss for Commonwealth Bank should be set at $10.02

Triangular Moving Average /
[Uptrend]: Recent trading for CBA indicates ST trend is likely to continue

[BULLISH]: Commonwealth Bank 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 1.4%.

Closing Price /
Commonwealth Bank: Daily closing price is $72.9 [Bullish]

CBA: CLOSE Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Dark Cloud Cover /
Commonwealth Bank (CBA): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Commonwealth Bank has formed a new bearish Dark Cloud Cover reversal pattern. This means, CBA has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Potential continuation of a trend reversal (Bearish) for Commonwealth Bank
Commodity Channel Index /
Potential continuation of a trend reversal (Bearish) for Commonwealth Bank

[BEARISH]: Commonwealth Bank current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 308. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 308.

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Average True Range /
Daily trading has confirmed an ATR uptrend (1.044) for Commonwealth Bank

[Bullish]: Average True Range has confirmed an uptrend is present. Commonwealth Bank has a TR of 1.08, and an ATR(14) of 1.044.

The SMA trend following signal is still current for Commonwealth Bank [Bullish]
Simple Moving Average /
The SMA trend following signal is still current for Commonwealth Bank [Bullish]

[BULLISH]: Commonwealth Bank 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 1.4%.

Price spike caused by low volume trading for Commonwealth Bank during last trading session
Ease of Movement /
Price spike caused by low volume trading for Commonwealth Bank during last trading session

CBA: EOM Current Signal -> (1) 21 Jun: BULLISH EASY (2) 20 Jun: BULLISH EASY (3) 19 Jun: BULLISH EASY

Elders Force Index /
[Buying Pressure]: Elders Force Index (1.70012e+006) confirms bullish conditions are intact

CBA: Elders Force Index Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Volume /
Recent trading for Commonwealth Bank has surpassed the previous volume by 67.3

CBA: VOLUME Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

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

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

A short term Gap Up has formed with Commonwealth Bank
Gap Up /
A short term Gap Up has formed with Commonwealth Bank

[BEARISH]: A short term Gap Up has formed with Commonwealth Bank which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 19 occurrences of this bar reversal giving a signal probability of 7.2%.

Daily trading has increased the bull power to drive prices for Commonwealth Bank
Elder Ray Index /
Daily trading has increased the bull power to drive prices for Commonwealth Bank

CBA: Elder Ray Index Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Percentage Price /
Price percentage oscillator has negative momentum signalling a continuation of the downward price fall for CBA

[BEARISH]: Commonwealth Bank currently has negative PPO -0.069%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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

[BULLISH]: Commonwealth Bank current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 66.785.

Pivot Points /
Long positions for Commonwealth Bank should be set between $72.727 & $73.164

Commonwealth Bank has broken the first resistance point ($73.164) [Bullish]. Look for a long limit order entry near this point. Exit price for CBA should be set @$73.427 & Stoploss for Commonwealth Bank should be set between $72.027 & $71.764

Commonwealth Bank is in a short term uptrend with the closing price @$72.9
Sine Weighted Moving Average /
Commonwealth Bank is in a short term uptrend with the closing price @$72.9

CBA: SWMA Recent Trading -> (1) 21 Jun: 70.593 (2) 20 Jun: 69.569 (3) 19 Jun: 68.805

Drawdown for Commonwealth Bank is currently low signalling low stress
Ulcer Index /
Drawdown for Commonwealth Bank is currently low signalling low stress

[BEARISH]: Commonwealth Bank UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.12.

Commonwealth Bank: Volume rate of Change (14)
Volume Rate of Change /
Commonwealth Bank: Volume rate of Change (14)

[BULLISH]: Commonwealth Bank currently has positive volume of change of 110%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.4%.

Williams %R /
William %R Overbought signal had been maintained for Commonwealth Bank

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

Black Candle /
CBA Basic Candle: Black

CBA: Basic Candlestick Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BULLISH (3) 19 Jun: BEARISH

Relative Strength Index /
Initiation of overbought signal for Commonwealth Bank [Bearish Crossover]

[BEARISH]: Commonwealth Bank is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @70.6

Aroon Oscillator /
[Uptrend]: Aroon oscillator @20 has confirmed an uptrend for CBA

[BULLISH]: Commonwealth Bank has a current ARU(25) of 100 and a current ARD(25) of 80

Commonwealth Bank currently has positive momentum of 5.45
Momentum /
Commonwealth Bank currently has positive momentum of 5.45

[BULLISH]: Commonwealth Bank currently has positive momentum of 5.45. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.4%. The largest upward momentum rally for the last 3 months is 6 days producing a return of 4.6%.

Exponential Moving Average(5) signal continues for Commonwealth Bank indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Commonwealth Bank indicating upward price movement is likely

CBA: EMA(5) Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Woodie Pivot Point /
Stoploss for Commonwealth Bank should be set at $72.07

Commonwealth Bank has broken the first Woodie resistance point ($73.25) [Bullish]. Look for a long limit order entry near this point. Exit price for CBA should be set @$73.47 & Stoploss for Commonwealth Bank should be set at $72.07

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