Technical analysis from Commonwealth Bank (CBA.AX.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 has broken the first Woodie resistance point ($73.2560) [Bullish]
Woodie Pivot Point /
Commonwealth Bank has broken the first Woodie resistance point ($73.2560) [Bullish]

Commonwealth Bank has broken the first Woodie resistance point ($73.2560) [Bullish]. Look for a long limit order entry near this point. Exit price for CBA should be set @$73.6830 & Stoploss for Commonwealth Bank should be set at $71.3430

CBA: Average True Range has confirmed an uptrend @0.8400
Average True Range /
CBA: Average True Range has confirmed an uptrend @0.8400

[Bullish]: Average True Range has confirmed an uptrend is present. Commonwealth Bank has a TR of 1.1700, and an ATR(14) of 0.8400.

On Balance Volume /
Commonwealth Bank: Current trading activity OBV signals distribution is present

[BEARISH]: Commonwealth Bank current price has highlighted recent distribution. Currently, the OBV is -9754151.0000.

Chaikin Money Flow /
CMF has a bearish relationship between price and volume

[BEARISH]: Commonwealth Bank current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.0900. CBA received a confirmed CMF crossover days on the Mar 23 2018.The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.23 occurring on the Mar 23 2018.

Key Reversal /
A short term Key Reversal has formed with Commonwealth Bank

[BULLISH]: A short term Key Reversal has formed with Commonwealth Bank which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 2 occurrences of this bar reversal giving a signal probability of 0.8%.

Coles Reaction Day /
Daily bar has closed the day with a reaction day for CBA

Commonwealth Bank: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for CBA

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Closing Price /
Commonwealth Bank: Daily performance is 0.8 % [Uptrend]

[BULLISH]: Commonwealth Bank current uptrend in the first timeframe. Currently, the Close is $72.6700.

[Short]: Limit orders for Commonwealth Bank should be set at $5.6900
Fibonacci Extensions /
[Short]: Limit orders for Commonwealth Bank should be set at $5.6900

Commonwealth Bank has moved above the 161.8% level ($5.6900) [Bearish]. Look for a short limit order entry near this point. Exit price for CBA should be set @$4.9100 & short position stoploss for Commonwealth Bank should be set at $6.4700

Commonwealth Bank: Daily price range is $1.1700 [Uptrend]
Price Range /
Commonwealth Bank: Daily price range is $1.1700 [Uptrend]

[BULLISH]: Commonwealth Bank current uptrend in the first timeframe. Currently, the Range is $1.1700.

Open Tod Vs Close Tod /
CBA: Over the last 12 months there has been 55 trading days with the opening price in the lower shadow & the closing the price in the upper shadow

[BULLISH STRONG]: Commonwealth Bank opened in the lower part of daily range at 7.700000000000000% & closed in the upper part of the trading range at 76.900000000000000%. This suggests the buyers were in control all day. Over the last 12 months there has been 55 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 20.9%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 18.8%.

Aroon Oscillator /
Commonwealth Bank: Aroon oscillator (-36.0000) has confirmed a downtrend is present

CBA: Aroon Oscillator Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH

Volume /
Commonwealth Bank has reached a new volume high of 2310541 (7.6)

[BULLISH]: Commonwealth Bank current volume uptrend in the first timeframe. Volume for CBA is2310541 (7.6).

CBA has achieved a new high of $72.9400 (0.5 %)
High Price /
CBA has achieved a new high of $72.9400 (0.5 %)

[BULLISH]: Commonwealth Bank current uptrend in the first timeframe. Currently, the HIGH is 0.5 %.

[Green Day]: Both MFI & volume are up for Commonwealth Bank
Bill Williams Market Facilitation /
[Green Day]: Both MFI & volume are up for Commonwealth Bank

Commonwealth Bank Currently is a confirmed Green Day. Both MFI & volume are down for CBA. Trend continuation likely for CBA from increased trading activity.

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Commonwealth Bank

[BEARISH]: Commonwealth Bank UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.4740.

Weighted Moving Average /
Commonwealth Bank is in a short term uptrend with the support price @$72.4250

CBA: WMA Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH CROSSOVER

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 69.8630.

Commonwealth Bank: MACD oscillator (-0.0120)
MACD /
Commonwealth Bank: MACD oscillator (-0.0120)

CBA: MACD Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BEARISH CROSSOVER (3) 19 Apr: BULLISH

Commonwealth Bank: Momentum(5) Crossover
Momentum /
Commonwealth Bank: Momentum(5) Crossover

CBA: MOM Current Signal -> (1) 23 Apr: BULLISH CROSSOVER (2) 20 Apr: BEARISH CROSSOVER (3) 19 Apr: BEARISH CROSSOVER

[Bullish]: Commonwealth Bank currently has positive Volume MACD histogram 47967.0000
MACD Volume /
[Bullish]: Commonwealth Bank currently has positive Volume MACD histogram 47967.0000

[BULLISH]: Commonwealth Bank currently has positive Volume MACD of 47967.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Accumulation / Distribution /
Distribution still active for Commonwealth Bank

[BEARISH]: Commonwealth Bank current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -11154350.0000. day.

Long White Candle /
CBA Basic Candle: Long White

[BULLISH]: Commonwealth Bank has formed a Long White candlestick. This means, CBA has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Daily Volume Index /
Commonwealth Bank: Current trading activity signals DVI accumulation has commenced

[BULLISH CROSSOVER]: Commonwealth Bank current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 1123.0000.

Elder Ray Index /
Buying pressure for CBA highlights ability of buyers to drive the price upwards

[BULLISH]: Commonwealth BankElder Ray Index is signalling a Bullish movementERI is 0.1350 indicating bull power. Prices are being driven above the consensus of value for CBA during the last trading session [Buying Pressure]

The SWMA trend following signal is now active for Commonwealth Bank [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is now active for Commonwealth Bank [Bullish]

[BULLISH]: Commonwealth Bank 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 0.8%.

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

[BEARISH]: Commonwealth Bank 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 0.8%.

Pivot Points /
Pivot point for CBA is bullish. Stoploss should be positioned @$71.2900

Commonwealth Bank has broken the first resistance point ($73.1500) [Bullish]. Look for a long limit order entry near this point. Exit price for CBA should be set @$73.6300 & Stoploss for Commonwealth Bank should be set between $71.2900 & $70.8100

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