Charter Hall

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Charter Hall : The CCI overbought signal has been confirmed

[BEARISH]: Charter Hall (ASX:CHC) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 126. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 177.

Charter Hall closed in the lower part of daily range at 15.3%.

[BEARISH]: Charter Hall sellers in control. This is the first day of seller commitment for Charter Hall adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 2 days in the upper range giving a ratio of 1.5x.

Buyers are becoming increasingly eager for Charter Hall & the price range is expanding

[BULLISH]: Charter Hall buyers are increasingly eager. There has been 2 consecutive days of range increase for CHC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.1100 & the greatest daily price range this year has been $3.5800. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.3x.

Charter Hall : Rate of Change (21)

Charter Hall : Rate of Change (21)

[BULLISH CROSSOVER]: Charter Hall currently has positive volume of change of 21%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.6%.

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