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

Credit Corp
+ Share

This is the first day of buyer commitment for Credit Corp  adding strength to an uptrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of buyer commitment for Credit Corp adding strength to an uptrend in the first timeframe

[BULLISH]: Credit Corp buyers are in control at the market close. This is the first day of buyer commitment for Credit Corp adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 92 trading days with the closing price in the upper part of the range giving a confirmation ratio of 35.9%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 30.8%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 6 days in the lower range giving a ratio of 0.8x.

Daily trading has confirmed an Aroon downtrend (-20) for Credit Corp
Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-20) for Credit Corp

CCP: Aroon Oscillator Recent Trading -> (1) 20 Feb: -20 (2) 19 Feb: -20 (3) 16 Feb: -20

Woodie Pivot Point /
[Long]: Entry price for CCP should be set @$20.716

Credit Corp has broken the first Woodie resistance point ($20.716) [Bullish]. Look for a long limit order entry near this point. Exit price for CCP should be set @$20.813 & Stoploss for Credit Corp should be set at $20.233

Accumulation / Distribution /
Distribution still active for Credit Corp

[BEARISH]: Credit Corp current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Average Directional Movement /
Average Directional Index for Credit Corp has signalled a strong trend is active

CCP: Average Directional Index Current Signal -> (1) 20 Feb: TREND STRONG (2) 19 Feb: TREND STRONG (3) 16 Feb: TREND STRONG

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Credit Corp indicating upward price movement is likely

[BULLISH]: Credit Corp 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 0.7%.

Credit Corp : Three White Soldiers
Three White Soldiers /
Credit Corp : Three White Soldiers

[BULLISH]: Credit Corp has formed a new Three White Soldiers pattern.

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Percentage Volume /
Positive momentum on volume for CCP is maintained & supports a bullish move is likely

CCP: PVO Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH

Credit Corp : Confirmation of stock distribution
On Balance Volume /
Credit Corp : Confirmation of stock distribution

[BEARISH]: Credit Corp current price has highlighted recent distribution. Currently, the OBV is -149056.

CCP Basic Candle: White
White Candle /
CCP Basic Candle: White

CCP: Basic Candlestick Recent Trading -> (1) 20 Feb: White Candle (2) 19 Feb: White Candle (3) 16 Feb: White Candle

Bear Harami /
Credit Corp : Bear Harami

CCP: Reversal (Weak) Recent Trading -> (1) 20 Feb: Bear Harami (2) 19 Feb: (3) 16 Feb:

Close Tod Vs Close Yest /
Credit Corp : Share price rise (0.7% signals buyers are still keener than sellers

CCP: Recent performance signals ->(1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH

Price Range /
Credit Corp : Daily price range is 0.29 [Downtrend]

[BEARISH]: Credit Corp current downtrend in the first timeframe. Currently, the Range is $0.29.

Credit Corp  is in a short term uptrend with the support price @$20.329
Weighted Moving Average /
Credit Corp is in a short term uptrend with the support price @$20.329

[BULLISH]: Credit Corp 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 0.7%.

Credit Corp : Range Performance (-17.1)
Range Tod Vs Range Yest /
Credit Corp : Range Performance (-17.1)

CCP: Range today versus range yesterday Current Signal ->(1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

MACD /
MACD oscillator is now positive for CCP

[BULLISH CROSSOVER]: Credit Corp currently has positive MACD of 0.063000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.

Elders Force Index /
Credit Corp : Direction, extent & volume have decreased in recent trading [Selling Pressure]

CCP: Elders Force Index Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH CROSSOVER

MACD Volume /
Credit Corp : Volume MACD oscillator (-20623)

[BEARISH]: Credit Corp currently has negative Volume MACD of -20623. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Bull power has increased for Credit Corp  signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Credit Corp signalling bullish conditions are likely

[BEARISH]: Credit Corp Elder Ray Index is signalling a Bearish movementERI is -0.181 indicating bear power. Prices are being driven below the consensus of value for CCP during the last trading session [Selling Pressure]

CCP: Short term trend has confirmed a rally day
Coles Reaction Day /
CCP: Short term trend has confirmed a rally day

Credit Corp : Coles Rally Day has been confirmed A higher high has been achieved for last trading day for CCP

Daily bar has maintained 2nd timeframe Uptrend for CCP
Medium Trend /
Daily bar has maintained 2nd timeframe Uptrend for CCP

[BULLISH]: Credit Corp has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Feb 13 2018.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Credit Corp [Bullish]

[BEARISH]: Credit Corp current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 22.3755.

Momentum /
Credit Corp currently has positive momentum of 0.55

[BULLISH]: Credit Corp currently has positive momentum of 0.55. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.7%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 2.2%%.

Demarks Pivot Points /
Credit Corp : Look for a long limit order entry @$20.535

Credit Corp has broken the first DeMark support point ($20.535) [Bearish]. Look for a short limit order entry near this point. Exit price for CCP should be set @$20.45 & short position stoploss for Credit Corp should be set at $20.74

Fibonacci Extensions /
Limit order for a short position has been identified for Credit Corp @$0.32

Credit Corp has moved above the 161.8% level ($0.32) [Bearish]. Look for a short limit order entry near this point. Exit price for CCP should be set @$0.26 & short position stoploss for Credit Corp should be set at $0.37

The EMA trend following signal is still current for Credit Corp  [Bullish]
Exponential Moving Average /
The EMA trend following signal is still current for Credit Corp [Bullish]

[BULLISH]: Credit Corp 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 0.7%.

[Bullish]: A higher close performance for CCP by 0.7 % achieved during last session
Closing Price /
[Bullish]: A higher close performance for CCP by 0.7 % achieved during last session

[BULLISH]: Credit Corp current uptrend in the first timeframe. Currently, the Close is $20.57.

Pivot Points /
[Long]: Entry price for CCP should be set @$20.684

Credit Corp has broken the first resistance point ($20.684) [Bullish]. Look for a long limit order entry near this point. Exit price for CCP should be set @$20.797 & Stoploss for Credit Corp should be set between $20.217 & $20.104

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