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

Reef Casino
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The CCI indicator for Reef Casino is still below the oversold limit
Commodity Channel Index /
The CCI indicator for Reef Casino is still below the oversold limit

RCT: CCI Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH CROSSUNDER

Reef Casino: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Reef Casino: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Reef Casino is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 36. The highest rally for the month is 8

Williams %R /
William %R oversold signal continues for Reef Casino indicating upward price movement is likely

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

Ease of Movement /
Reef Casino was easily moved downward on low volume in recent trading [Bearish]

RCT: EOM Current Signal -> (1) 11 Jan: BEARISH EASY (2) 11 Jan: BEARISH HARD (3) 11 Jan: BEARISH EASY

Demarks Pivot Points /
Limit order for a short position has been identified for Reef Casino [Bearish]

Reef Casino current pivot point (DeMark) is: (R1) $3.025. The current pivot point (DeMark) is: (S1) $3.015.

Momentum /
5-day momentum is decreasing for Reef Casino

RCT: MOM Recent Trading -> (1) 11 Jan: -0.25 (2) 11 Jan: -0.21 (3) 11 Jan: -0.185

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Open Tod Vs Close Tod /
Open/close reversal confirmed for Reef Casino signalling the sellers were in control all day

RCT: Open today versus close yesterday Current Signal ->(1) 11 Jan: BEARISH STRONG (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH STRONG

[Bearish]: Reef Casino has failed to beat the previous volume by -25
Volume /
[Bearish]: Reef Casino has failed to beat the previous volume by -25

[BEARISH]: Reef Casino current volume downtrend in the first timeframe. Volume for RCT is5218 (-25).

Reef Casino has broken the first Camarilla support point ($2.768) [Bearish]
Camarilla Pivot Points /
Reef Casino has broken the first Camarilla support point ($2.768) [Bearish]

Reef Casino has broken the first Camarilla support point ($2.768) [Bearish]. Look for a short limit order entry near this point. Exit price for RCT should be set @$2.516 & short position stoploss for Reef Casino should be set between $3.524 & $3.776

Average Directional Movement /
Reef Casino has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for RCT has confirmed a weak trend is presentReef Casino has an ATR(14) of 0.057, a DX of 38.61 & an ADX(14) of 18.05

Stochastic Oscillator /
Stochastic Oversold signal is still current for Reef Casino [Bullish]

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

Price Range /
Reef Casino: Daily price range is $0.01 [Decreasing Range]

[BEARISH]: Reef Casino current downtrend in the first timeframe. Currently, the Range is $0.01.

Reef Casino continues negative divergence & potential shift in direction
Chaikin Money Flow /
Reef Casino continues negative divergence & potential shift in direction

[BEARISH]: Reef Casino current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.33. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.33

High for RCT has not surpassed the high of the previous trading session
High Price /
High for RCT has not surpassed the high of the previous trading session

RCT: HIGH Recent Trading -> (1) 11 Jan: 3.03 (2) 10 Jan: 3.12 (3) 09 Jan: 3.2

Bull Harami /
Reef Casino: Bull Harami

RCT: Reversal (Weak) Candlestick Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

Close Tod Vs Range Tod /
Reef Casino: Sellers are in control at the market close.

[BEARISH]: Reef Casino sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Reef Casino 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 91 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.9%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Sine Weighted Moving Average /
[Downtrend]: Recent trading for RCT indicates ST trend is likely to continue

[BEARISH]: Reef Casino currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0%.

MACD for Reef Casino continues to lose momentum @-0.060000
MACD /
MACD for Reef Casino continues to lose momentum @-0.060000

[BEARISH]: Reef Casino currently has negative MACD of -0.060000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -3.2%.

Weighted Moving Average(5) signal continues for Reef Casino indicating downward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for Reef Casino indicating downward price movement is likely

[BEARISH]: Reef Casino 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 0%.

Drawdown for Reef Casino is currently high signalling high stress
Ulcer Index /
Drawdown for Reef Casino is currently high signalling high stress

[BULLISH]: Reef Casino UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.297.

Daily Volume Index /
RCT: Current trading activity signals DVI distribution is active

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

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Reef Casino indicating downward price movement is likely

RCT: EMA(5) Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Reef Casino

[BULLISH]: Reef Casino currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0%.

Long Trend /
RCT: Long term trend is still an Uptrend

[BULLISH]: Reef Casino has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 6 2017.

Reef Casino: Average True Range (0.057) has confirmed an downtrend is present
Average True Range /
Reef Casino: Average True Range (0.057) has confirmed an downtrend is present

RCT: Average True Range Recent Trading -> (1) 11 Jan: 0.057 (2) 11 Jan: 0.135 (3) 11 Jan: 0.055

Bearish trading conditions for Reef Casino has been signalled from the DPO (-0.126)
Detrended Price Oscillator /
Bearish trading conditions for Reef Casino has been signalled from the DPO (-0.126)

[BEARISH]: Reef Casino currently has a confirmed downtrend. Price is currently below the displaced moving average for RCTCurrently, the return on DPO20 is 0%.

Volume Rate of Change /
Positive VROC: Volume is now higher for Reef Casino than 14 days ago

RCT: VROC Recent Trading -> (1) 11 Jan: 1706 (2) 11 Jan: -90 (3) 11 Jan: -91

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