QBE Insurance

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Positive divergence for QBE Insurance @ 0.12

[BULLISH]: QBE Insurance current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.12. QBE Insurance (ASX:QBE) received a confirmed CMF crossover days on the May 2 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.16 occurring on the May 2 2019.

QBE Insurance : Range Performance (36.4)

QBE Insurance : Range Performance (36.4)

[BEARISH]: QBE Insurance sellers are increasingly eager. There has been 2 consecutive days of range increase for QBE adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.7550 & the greatest daily price range this year has been $3.3500. 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 0.2x.

QBE Insurance : 0.618 Fibonacci Retraction (11.94)

QBE Insurance : The current Fibonacci Retraction levels are: (23.61%) $12.98: (38.2%) $12.12: (50%) $12.03: (61.8%) $11.94The current support levels are: (78.6%) $11.81: (100%) $11.65: (138.2%) $11.36: (161.8%) $11.18: (261.8%) $10.43: (423.61%) $9.21

Trading for QBE Insurance highlights the commitment of sellers to carry positions overnight.

[BEARISH]: QBE Insurance sellers in control. This is the first day of seller commitment for QBE Insurance 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 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 11.1%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 2 days in the upper range giving a ratio of 1x.

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