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

Rib Loc
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The volume MACD continues to rise above the signal line for RBL [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for RBL [Bullish]

[BULLISH]: Rib Loc currently has positive Volume MACD of 10630. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

RBL: Average Directional Index has confirmed a weak trend @21.76
Average Directional Movement /
RBL: Average Directional Index has confirmed a weak trend @21.76

[Weak Trend]: ADX for RBL has confirmed a weak trend is present. Rib Loc has an ATR(14) of 0.046, a DX of 31.65 & an ADX(14) of 21.76

Bill Williams Market Facilitation /
Market movement acceleration likely for RBL as a result of Green Day

Rib Loc Currently is a confirmed Green Day. Both MFI & volume are down for RBL. Trend continuation likely for RBL from increased trading activity.

Momentum /
Momentum continues to build for Rib Loc signalling a short term uptrend is likely

[BULLISH]: Rib Loc currently has positive momentum of 0.05. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 2.6%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 5.3%.

Percentage Price /
Price percentage oscillator: Upward momentum is still present for Rib Loc

[BULLISH]: Rib Loc currently has positive PPO 0.37%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Open Tod Vs Close Tod /
Rib Loc opened in the middle part of daily range at 37.5% & closed in the upper part of the trading range at 100.000000000000000%. This suggests the buyers have taken control.

RBL: Open today versus close yesterday Recent Trading ->(1) 21 Jun: 37.5% (2) 20 Jun: 33.3% (3) 19 Jun: 0%

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Volume Rate of Change /
Positive VROC for RBL is a leading indicator for continued price rise

RBL: VROC Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Daily trading performance for RBL has initiated a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for RBL has initiated a short term uptrend

[BULLISH]: Rib Loc buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for RBL adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.6 & the greatest daily positive change this year has been 8.6. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 24%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 7.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 2.300000%

[Uptrend]: Recent trading for RBL confirms bullish WMA(5) signal
Weighted Moving Average /
[Uptrend]: Recent trading for RBL confirms bullish WMA(5) signal

[BULLISH]: Rib Loc 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 2.6%.

Ease of Movement /
Trading session closed higher on high volume for Rib Loc [Bullish]

RBL: EOM Current Signal -> (1) 21 Jun: BULLISH HARD (2) 20 Jun: BEARISH HARD (3) 19 Jun: BEARISH HARD

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for RBL

RBL: UIC Recent Trading -> (1) 21 Jun: 1.776 (2) 20 Jun: 1.907 (3) 19 Jun: 2.704

Pivot Reversal /
A short term Pivot Reversal has formed with Rib Loc

[BULLISH]: A short term Pivot Reversal has formed with Rib Loc which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 5 occurrences of this bar reversal giving a signal probability of 1.9%.

RBL has achieved a new high of $1.6 (1.9 %)
High Price /
RBL has achieved a new high of $1.6 (1.9 %)

[BULLISH]: Rib Loc current uptrend in the first timeframe. Currently, the HIGH is 1.9 %.

Rib Loc  is in a short term uptrend with the closing price @$1.6
Sine Weighted Moving Average /
Rib Loc is in a short term uptrend with the closing price @$1.6

[BULLISH]: Rib Loc currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 2.6%.

Stochastic Oscillator /
Initiation of Stochastic overbought signal for Rib Loc

[BEARISH]: Rib Loc is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

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

Rib Loc has broken the first Woodie resistance point ($1.62) [Bullish]. Look for a long limit order entry near this point. Exit price for RBL should be set @$1.63 & Stoploss for Rib Loc should be set at $1.55

Triangular Moving Average /
[Uptrend]: Recent trading for RBL confirms bullish TMA(5) signal

RBL: TMA Current Signal -> (1) 21 Jun: BULLISH CROSSOVER (2) 20 Jun: BEARISH (3) 19 Jun: BULLISH

Rib Loc  has reached a higher range ($0.04)
Price Range /
Rib Loc has reached a higher range ($0.04)

[BULLISH]: Rib Loc current uptrend in the first timeframe. Currently, the Range is $0.04.

This is the first day of buyer commitment for Rib Loc  adding strength to an uptrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of buyer commitment for Rib Loc adding strength to an uptrend in the first timeframe

RBL: Close versus price range Current Signal ->(1) 21 Jun: BULLISH (2) 20 Jun: NEUTRAL (3) 19 Jun: BEARISH

Rib Loc  has moved above the R1 DeMark pivot point ($1.59) [Bullish]
Demarks Pivot Points /
Rib Loc has moved above the R1 DeMark pivot point ($1.59) [Bullish]

Rib Loc has broken the first DeMark support point ($1.59) [Bearish]. Look for a short limit order entry near this point. Exit price for RBL should be set @$1.5800 & short position stoploss for Rib Loc should be set at $1.62

Rate of Change /
Positive ROC for Rib Loc is a leading indicator for continued price rise

RBL: ROC Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Exponential Moving Average /
Price is now trading above the Exponential Moving Average(5) for RBL

[BULLISH]: Rib Loc 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 2.6%.

On Balance Volume /
Confirmation of Rib Loc is currently being distributed via OBV

[BEARISH]: Rib Loc current price has highlighted recent distribution. Currently, the OBV is -1.33657e+006.

Moving Average Envelope /
Oversold signal continues for Rib Loc indicating upward price movement is likely

[BULLISH]: Rib Loc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.4725.

William %R overbought signal had been initiated for Rib Loc
Williams %R /
William %R overbought signal had been initiated for Rib Loc

[BULLISH]: Rib Loc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

RBL: The return on MACD is 6.6%.
MACD /
RBL: The return on MACD is 6.6%.

[BULLISH]: Rib Loc currently has positive MACD of 0.0094. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 6.6%.

Medium Trend /
Daily bar has maintained 2nd timeframe Downtrend for RBL

[BEARISH]: Rib Loc has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jun 12 2018.

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