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

CSL
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CSL has broken the first DeMark resistance point ($153.537) [Bullish]
Demarks Pivot Points /
CSL has broken the first DeMark resistance point ($153.537) [Bullish]

CSL current pivot point (DeMark) is: (R1) $154.575. The current pivot point (DeMark) is: (S1) $152.945.

Buyers continue to be keener than sellers for CSL & are driving the price up.
Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for CSL & are driving the price up.

[BULLISH]: CSLbuyers are keener than sellers and are driving the price up. There has been 4 consecutive days of price rise for CSL adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 5.1 & the greatest daily positive change this year has been 5.1. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 9.1%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 9.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.2x. Over the last month the average daily upward movement has been 1.7%

Weighted Moving Average /
CSL is in a short term uptrend with the support price @$149.681

CSL: WMA Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for CSL

[BULLISH]: CSLElder Ray Index is signalling a Bullish movementERI is 7.647 indicating bull power. Prices are being driven above the consensus of value for CSL during the last trading session [Buying Pressure]

Long Trend /
Third timeframe trend of CSL remains as an Uptrend

[BULLISH]: CSL has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 19 2017.

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MACD /
Positive momentum on the MACD histogram for CSL is maintained & supports a bullish move is likely

[BULLISH]: CSL currently has positive MACD of 0.962000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.2%.

[Long]: Exit price for CSL should be set @$154.97
Pivot Points /
[Long]: Exit price for CSL should be set @$154.97

CSL has broken the first resistance point ($154.18) [Bullish]. Look for a long limit order entry near this point. Exit price for CSL should be set @$154.97 & Stoploss for CSL should be set between $151.71 & $150.92

Positive momentum for CSL is a leading indicator for continued price rise
Momentum /
Positive momentum for CSL is a leading indicator for continued price rise

CSL: MOM Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

Woodie Pivot Point /
Limit order for a long position has been identified for CSL [Bullish]

CSL current pivot point (Woodie) is: $153.352. The current resistance levels are: (R1) $154.204: (R2) $154.982The current support levels are: (S1) $152.574: (S2) $151.722

Detrended Price Oscillator /
Bullish trading conditions for CSL has been signalled from the DPO (9.161)

CSL: DPO Recent Trading -> (1) 16 Feb: 9.161 (2) 15 Feb: 7.6005 (3) 14 Feb: 5.684

Opening Price /
CSL opening price of $152.79 (1 %)

[BULLISH]: CSL opening price has gapped up. Currently, the OPEN is $152.79 (1 %).

[Fake Day]: MFI indicator is up, volume is down for CSL
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for CSL

CSL Currently is a confirmed Fake Day. MFI indicator is up, volume is down for CSL. Trend continuation possible for CSL from reduced trading activity.

CSL: Volume MACD oscillator (5712)
MACD Volume /
CSL: Volume MACD oscillator (5712)

[BULLISH]: CSL currently has positive Volume MACD of 5712. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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

[BULLISH]: CSL 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 1.2%.

Daily Volume Index /
CSL: Current trading activity signals DVI accumulation is active

[BULLISH]: CSL current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Three White Soldiers /
CSL: Open Window

[BULLISH]: CSL has Gapped Up on previous bar.

CSL: Rate of Change (14)
Rate of Change /
CSL: Rate of Change (14)

[BULLISH]: CSL currently has positive rate of change of 2.4%. 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

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

CSL: Medium Term Recent Trading -> (1) 16 Feb: Uptrend (2) 15 Feb: Uptrend (3) 14 Feb: Uptrend

CSL is being actively distributed
Accumulation / Distribution /
CSL is being actively distributed

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

Commodity Channel Index /
The CCI indicator for CSL is still above the overbought limit

[BEARISH]: CSL current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 172. CSL received a confirmed CCI crossover on the Feb 14 2018.The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 231.

Moving Average Envelope /
Overbought signal continues for CSL indicating downward price movement is likely

[BEARISH]: CSL current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 152.1870.

Bollinger Bands /
Bollinger overbought signal has just been triggered for CSL

[BEARISH CROSSOVER]: CSL has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 101.09% with a current width of 10.08.

Aroon Oscillator /
CSL has signalled an Aroon trend present [Uptrend]

[BULLISH]: CSL has a current ARO(25) of 20. This has change 4 points from yesterday.

Accumulation OBV signal for CSL is confirmed
On Balance Volume /
Accumulation OBV signal for CSL is confirmed

[BULLISH]: CSL current price has highlighted recent accumulation. Currently, the OBV is 4.76069e+006.

CSL: Daily performance is 1.2 % [Uptrend]
Closing Price /
CSL: Daily performance is 1.2 % [Uptrend]

[BULLISH]: CSL current uptrend in the first timeframe. Currently, the Close is $153.39.

Fibonacci Extensions /
CSL has moved above the 161.8% extension level ($0.4) [Bearish]

CSL has moved above the 161.8% level ($0.4) [Bearish]. Look for a short limit order entry near this point. Exit price for CSL should be set @$0.34 & short position stoploss for CSL should be set at $0.46

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