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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Range for CBA has not surpassed the range of the previous trading session
Price Range /
Range for CBA has not surpassed the range of the previous trading session

[BEARISH]: Commonwealth Bank current downtrend in the first timeframe. Currently, the Range is $0.66.

CBA opening price of $81.74 (-0.9 %)
Opening Price /
CBA opening price of $81.74 (-0.9 %)

[BULLISH]: Commonwealth Bank opening price has gapped up. Currently, the OPEN is $81.74 (-0.9 %).

Elders Force Index /
Recent trading highlights initial buying pressure is present for CBA

[BULLISH]: Commonwealth Bank current price has highlighted recent buying pressure. Currently, the Elders Force Index is 168878.

Fibonacci Extensions /
Short positions for Commonwealth Bank should be set between $1.69 & $1.54

Commonwealth Bank: The current Fibonacci Extension levels are: (23.61%) $81.93: (38.2%) $81.47: (50%) $81.1: (61.8%) $80.74The current support levels are: (78.6%) $80.22: (100%) $79.55: (138.2%) $78.36: (161.8%) $77.63: (261.8%) $74.52: (423.61%) $69.49

Volume Rate of Change /
Positive VROC confirmation for Commonwealth Bank is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Commonwealth Bank currently has positive volume of change of 8%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.4%.

Demarks Pivot Points /
Long positions for Commonwealth Bank should be set between $81.3 & $81.52

Commonwealth Bank has broken the first DeMark resistance point ($81.3) [Bullish]. Look for a long limit order entry near this point. Exit price for CBA should be set @$81.52 & Stoploss for Commonwealth Bank should be set at $80.86

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Williams %R /
Commonwealth Bank is no longer oversold [Neutral]

CBA: William %R Current Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH CROSSOVER

DPO(20) for Commonwealth Bank has confirmed bullish direction is likely to continue
Detrended Price Oscillator /
DPO(20) for Commonwealth Bank has confirmed bullish direction is likely to continue

[BULLISH]: Commonwealth Bank currently has a confirmed uptrend. Price is currently above the displaced moving average for CBACurrently, the return on DPO20 is -0.4%.

low for CBA has not surpassed the low of the previous trading session
Low Price /
low for CBA has not surpassed the low of the previous trading session

[BULLISH]: Commonwealth Bank current downtrend in the first timeframe. Currently, the Low is $81.08 (-0.6 %).

Triangular Moving Average /
The TMA trend following signal is now active for Commonwealth Bank [Bullish]

[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 -0.4%.

Weighted Moving Average /
[Bullish]: WMA(30) is serving as a support line for Commonwealth Bank

[BEARISH]: Commonwealth Bank 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 -0.4%.

Average Directional Movement /
CBA: Average Directional Index has confirmed a weak trend @14.58

[Weak Trend]: ADX for CBA has confirmed a weak trend is presentCommonwealth Bank has an ATR(14) of 0.765, a DX of 11.52 & an ADX(14) of 14.58

Commonwealth Bank: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Commonwealth Bank: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Commonwealth Bank has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 4 2018.

Volume MACD for Commonwealth Bank continues to gain momentum @85175)
MACD Volume /
Volume MACD for Commonwealth Bank continues to gain momentum @85175)

CBA: Volume MACD Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Relative Strength Index /
Relative Strength signal has just been triggered for Commonwealth Bank

CBA: RSI Recent Trading -> (1) 11 Jan: 71.3591 (2) 11 Jan: 53.2571 (3) 11 Jan: 47.8034

Ease of Movement /
Commonwealth Bank Ease of Movement is -17.569 [Easily Moved]

CBA: EOM Current Signal -> (1) 11 Jan: BEARISH EASY (2) 11 Jan: BULLISH HARD (3) 11 Jan: BEARISH EASY

Rate of Change /
Positive ROC confirmation for CBA is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Commonwealth Bank currently has positive rate of change of 1.2%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Commonwealth Bank has broken the first Camarilla resistance point ($88.081) [Bullish]
Camarilla Pivot Points /
Commonwealth Bank has broken the first Camarilla resistance point ($88.081) [Bullish]

Commonwealth Bank has broken the first Camarilla resistance point ($88.081) [Bullish]. Look for a long limit order entry near this point. Exit price for CBA should be set @$94.862 & Stoploss for Commonwealth Bank should be set between $67.738 & $60.957

[Bearish]: Lower close has formed for CBA by -0.4 % during the last trading session
Closing Price /
[Bearish]: Lower close has formed for CBA by -0.4 % during the last trading session

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

Sine Weighted Moving Average(30) signal is confirmed for Commonwealth Bank indicating upward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(30) signal is confirmed for Commonwealth Bank indicating upward price movement is likely

CBA: SWMA Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH CROSSOVER

Black Candle /
CBA Basic Candle: Black

[BEARISH]: Commonwealth Bank has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Percentage Volume /
Commonwealth Bank: Percentage Volume Oscillator (-4.8)

[BEARISH CROSSOVER]: Commonwealth Bank currently has negative PVO -4.8%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.3%.

Simple Moving Average /
Simple Moving Average(30) signal is confirmed for Commonwealth Bank indicating upward price movement is likely

[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 -0.4%.

Open Tod Vs Close Tod /
Commonwealth Bank: Over the last 12 months there has been 46 trading days giving a confirmation ratio of 17.6%.

[BEARISH WEAK]: Commonwealth Bank opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 33.3%. This suggests the sellers have lost commitment. Over the last 12 months there has been 46 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 17.6%. 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 middle price range giving a confirmation ratio of 12.5%.

Closing price for CBA ($81.3) signals sellers are still keener than buyers
Close Tod Vs Close Yest /
Closing price for CBA ($81.3) signals sellers are still keener than buyers

[BEARISH]: Commonwealth Banksellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for CBA adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -0.7 & the greatest daily negative change this year has been -0.7. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -4.6%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -1.1%. The loss ratio for price rise 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 -0.3%

Commonwealth Bank: Range Performance (-37.1)
Range Tod Vs Range Yest /
Commonwealth Bank: Range Performance (-37.1)

CBA: Range today versus range yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

Stochastic Oscillator /
Commonwealth Bank is no longer oversold [Neutral]

CBA: Stochastic Oscillator Trading -> (1) 11 Jan: 52.8 (2) 11 Jan: 12 (3) 11 Jan: 7.9

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