Dulux has broken the first DeMark resistance point ($7.26) [Bullish]. Look for a long limit order entry near this point. Exit price for DLX should be set @$7.41 & Stoploss for Dulux should be set at $7.21
DLX: EMA(5) Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH
[BULLISH]: Dulux UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.034.
[BULLISH]: Dulux 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 3.4%.
[BEARISH]: Dulux currently has negative Volume MACD of -138715. This means the signal line is less than the Volume MACD line signalling a bearish movement.
Australian Stock Exchange
[BULLISH]: Dulux is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.
Argo Investments managing director Jason Beddow said losses and writedowns at Bunnings' two-year-old home improvement business in the UK could dent Wesfarmers' appetite for acquisitions, especially offshore, forcing the conglomerate to focus on the low-growth Australian market.
[BEARISH]: Dulux currently has negative rate of change of -1.4%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction
[BULLISH]: Duluxbuyers are increasingly eager. This is the first day buyers have increased eagerness for DLX adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.61. & the greatest daily price range this year has been $0.79. 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 0.8x.
[BEARISH]: Dulux currently has a confirmed downtrend. Price is currently below the displaced moving average for DLXCurrently, the return on DPO20 is 3.4%.
[BULLISH CROSSOVER]: Dulux currently has positive momentum of 0.2. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 3.4%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0%%.
[BULLISH]: Duluxbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for DLX adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.4 & the greatest daily positive change this year has been 3.4. The longest consecutive upswing rally over the last 12 months has been 10 days giving a total rally upward movement of 6%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 3.4%. 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 1x. Over the last month the average daily upward movement has been 1.8%
[BULLISH]: A short term Pivot Reversal has formed with Dulux which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 14 occurrences of this bar reversal giving a signal probability of 5.5%.
[BULLISH CROSSOVER]: Dulux currently has positive MACD of 0.005000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.
[BULLISH]: Dulux current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 6.9635.
[BEARISH]: Dulux has a current ARU(25) of 28 and a current ARD(25) of 80
[BULLISH]: Dulux 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 3.4%.
[BEARISH]: Dulux current distribution has given weakness to the share price and the continuation of bearish trading conditions.
[BULLISH]: Dulux current volume uptrend in the first timeframe. Volume for DLX is1.32246e+006 (84.9).
DLX: PVO Current Signal -> (1) 16 Feb: BULLISH CROSSOVER (2) 15 Feb: BEARISH CROSSOVER (3) 14 Feb: BULLISH
[BEARISH]: Dulux currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 3.4%.
Dulux: The current Fibonacci Extension levels are: (23.61%) $7.15: (38.2%) $7.24: (50%) $7.32: (61.8%) $7.4The current support levels are: (78.6%) $7.51: (100%) $7.65: (138.2%) $7.9: (161.8%) $8.06: (261.8%) $8.72: (423.61%) $9.79
[BULLISH]: Dulux current uptrend in the first timeframe. Currently, the Range is $0.2.
[Bullish]: Average True Range has confirmed an uptrend is present. Dulux has a TR of 0.24, and an ATR(14) of 0.158.