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

Fletcher Building
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Positive momentum on volume for FBU has been confirmed & supports a bullish move is likely
Percentage Volume /
Positive momentum on volume for FBU has been confirmed & supports a bullish move is likely

[BULLISH CROSSOVER]: Fletcher Building currently has positive PVO 0.14%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

Fletcher Building is in a short term downtrend with the resistance price @$6.306
Triangular Moving Average /
Fletcher Building is in a short term downtrend with the resistance price @$6.306

FBU: TMA Current Signal -> (1) 20 Jun: BEARISH CROSSOVER (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH CROSSOVER

Demarks Pivot Points /
Fletcher Building has moved below the S1 DeMark pivot point ($6.185) [Bearish]

Fletcher Building has broken the first DeMark support point ($6.185) [Bearish]. Look for a short limit order entry near this point. Exit price for FBU should be set @$6.1200 & short position stoploss for Fletcher Building should be set at $6.225

Low Price /
Weaker price performance from FBU has seen a lower low of -2.0 % [Downtrend]

[BULLISH]: Fletcher Building current downtrend in the first timeframe. Currently, the Low is $6.145 (-2.0 %).

Fibonacci Extensions /
The 161.8% Fibonacci extension level for FBU has moved to the upper limit. Stoploss should be positioned @$2.22

Fletcher Building has moved above the 161.8% level ($2.75) [Bearish]. Look for a short limit order entry near this point. Exit price for FBU should be set @$3.27 & short position stoploss for Fletcher Building should be set at $2.22

Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for FBU

FBU: EOM Current Signal -> (1) 20 Jun: BEARISH HARD (2) 19 Jun: NEUTRAL (3) 18 Jun: BULLISH HARD

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Commodity Channel Index /
Fletcher Building is no longer overbought

[NEUTRAL]: Fletcher Building current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 10. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 188.

Price continues to trade below the Sine Weighted Moving Average(5) for FBU
Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(5) for FBU

FBU: SWMA Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BEARISH CROSSOVER (3) 18 Jun: BULLISH CROSSOVER

Fletcher Building: Rate of Change (14)
Rate of Change /
Fletcher Building: Rate of Change (14)

FBU: ROC Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH CROSSOVER (3) 18 Jun: BULLISH CROSSOVER

Woodie Pivot Point /
Limit order for a short position has been identified for Fletcher Building [Bearish]

Fletcher Building has broken the first Woodie support point ($6.148) [Bearish]. Look for a short limit order entry near this point. Exit price for FBU should be set @$6.094 & short position stoploss for Fletcher Building should be set at $6.304

Closed Window /
Fletcher Building: Closed Window

[BEARISH]: Fletcher Building has Gapped Down on previous bar.

Average True Range /
Fletcher Building: Average True Range (0.138) has confirmed an uptrend is present

FBU: Average True Range Recent Trading -> (1) 20 Jun: 0.138 (2) 19 Jun: 0.135 (3) 18 Jun: 0.131

FBU Basic Candle: Black
Black Candle /
FBU Basic Candle: Black

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

Fletcher Building: Pivot Point ($6.198)
Pivot Points /
Fletcher Building: Pivot Point ($6.198)

Fletcher Building has broken the first support point ($6.146) [Bearish]. Look for a short limit order entry near this point. Exit price for FBU should be set @$6.093 & short position stoploss for Fletcher Building should be set between $6.303 & $6.356

Close Tod Vs Close Yest /
The loss ratio for price fall in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x

[BEARISH]: Fletcher Buildingsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for FBU adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.9 & the greatest daily negative change this year has been -7.1. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -10.3%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -4.2%. The loss 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 downward movement has been -1.200000%

Average Directional Movement /
FBU: Average Directional Index has confirmed a weak trend @19.34

[Weak Trend]: ADX for FBU has confirmed a weak trend is present. Fletcher Building has an ATR(14) of 0.138, a DX of 12.86 & an ADX(14) of 19.34

Volume Rate of Change /
Fletcher Building: Rate of Change (48)

[BULLISH CROSSOVER]: Fletcher Building currently has positive volume of change of 48%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.9%.

Fletcher Building: Volume MACD oscillator (52010)
MACD Volume /
Fletcher Building: Volume MACD oscillator (52010)

FBU: Volume MACD Current Signal -> (1) 20 Jun: BULLISH CROSSOVER (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

Fletcher Building: Detrended Price Oscillator(20) (0.1725)
Detrended Price Oscillator /
Fletcher Building: Detrended Price Oscillator(20) (0.1725)

[BULLISH]: Fletcher Building currently has a confirmed uptrend. Price is currently above the displaced moving average for FBU. Currently, the return on DPO20 is -1.9%.

Recent trading for Fletcher Building fell short of the previous close by -1.9 %
Closing Price /
Recent trading for Fletcher Building fell short of the previous close by -1.9 %

[BEARISH]: Fletcher Building current downtrend in the first timeframe. Currently, the Close is $6.2.

Weighted Moving Average /
Fletcher Building: Weighted Moving Average(5) (6.295)

[BEARISH]: Fletcher Building 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 -1.9%.

Opening Price /
Fletcher Building opening price of $6.25 (-3.0 %)

FBU: OPEN Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

Gap Down /
A short term Gap Down has formed with Fletcher Building

[BULLISH]: A short term Gap Down has formed with Fletcher Building 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 5.3%.

Aroon Oscillator /
[Uptrend]: Aroon oscillator (64) strong uptrend has been confirmed for FBU

[BULLISH]: Fletcher Building has a current ARO(25) of 64. This has change 0 points from yesterday.

Fletcher Building opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 52.4%. This suggests the sellers have lost commitment.
Open Tod Vs Close Tod /
Fletcher Building opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 52.4%. This suggests the sellers have lost commitment.

[BEARISH WEAK]: Fletcher Building opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 52.4%. This suggests the sellers have lost commitment. Over the last 12 months there has been 35 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 13.3%. 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 7.7%.

Fletcher Building: Sellers are now becoming less eager.
Range Tod Vs Range Yest /
Fletcher Building: Sellers are now becoming less eager.

[WEAK BULLISH]: Fletcher Building sellers are becoming less eager. This is the first day sellers have decreased eagerness for FBU reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.4100 & the greatest daily price range this year has been $1.8900. The price range ratio this week versus the quarterly price range is 0.8x & the price range ratio this month versus the year to date price range is 0.2x.

Price Range /
[Bearish]: Range has decreased for FBU during the last trading session

FBU: Price Range Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

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