Technical analysis from Reece Australia (REH.AX.AX, ASX:REH.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Reece Australia
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Daily trading for REH indicated sellers are still in control
Close Tod Vs Range Tod /
Daily trading for REH indicated sellers are still in control

[BEARISH]: Reece Australia sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Reece Australia 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 90 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.2%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 8 days in the upper range giving a ratio of 0.5x.

Average True Range for Reece Australia has signalled an uptrend is active
Average True Range /
Average True Range for Reece Australia has signalled an uptrend is active

REH: Average True Range Recent Trading -> (1) 23 Apr: 0.2220 (2) 20 Apr: 0.2150 (3) 19 Apr: 0.2050

MACD /
MACD oscillator remains negative for REH

[BEARISH]: Reece Australia currently has negative MACD of -0.0300. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -2.1%.

High Price /
REH has achieved a lower high of $10.7500 (-0.5 %)

REH: HIGH Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BULLISH (3) 19 Apr: NEUTRAL

Low Price /
Reece Australia: Daily low performance is -0.1 % [Downtrend]

[BULLISH]: Reece Australia current downtrend in the first timeframe. Currently, the Low is $10.4400 (-0.1 %).

Simple Moving Average /
The SMA trend following signal is still current for Reece Australia [Bearish]

[BULLISH]: Reece Australia 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 -0.8%.

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Commodity Channel Index /
Potential initiation of a trend reversal (Bullish) for Reece Australia

[BULLISH CROSSOVER]: Reece Australia current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -121.0000. During the quarter, the lowest CCI value was -121. The last oversold signal occurred on Apr 17 2018

Elders Force Index (-505.0000) has signalled bearish conditions in recent trading for REH
Elders Force Index /
Elders Force Index (-505.0000) has signalled bearish conditions in recent trading for REH

[BEARISH]: Reece Australia current price has highlighted recent selling pressure. Currently, the Elders Force Index is -505.0000.

Reece Australia: Detrended Price Oscillator(20) is -0.2165
Detrended Price Oscillator /
Reece Australia: Detrended Price Oscillator(20) is -0.2165

[BEARISH]: Reece Australia currently has a confirmed downtrend. Price is currently below the displaced moving average for REHCurrently, the return on DPO20 is -0.8%.

Percentage Price /
The current price is still losing momentum through a fall for REH on the short term EMA.

[BEARISH]: Reece Australia currently has negative PPO -0.3000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Triangular Moving Average /
[Downtrend]: Recent trading for REH indicates ST trend is likely to continue

[BEARISH]: Reece Australia currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.8%.

Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for REH during the last trading session

[BEARISH]: Reece AustraliaElder Ray Index is signalling a Bearish movementERI is -0.2200 indicating bear power. Prices are being driven below the consensus of value for REH during the last trading session [Selling Pressure]

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

[BEARISH]: Reece Australia currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.8%.

REH Basic Candle: Black
Black Candle /
REH Basic Candle: Black

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

Price Range /
Reece Australia: Daily price range is 0.3100 [Downtrend]

[BEARISH]: Reece Australia current downtrend in the first timeframe. Currently, the Range is $0.3100.

Accumulation / Distribution /
Reece Australia: Confirmation of stock accumulation

[BULLISH]: Reece Australia current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 22577.0000. day.

Williams %R /
William %R oversold signal has just been triggered for Reece Australia

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

Recent trading for Reece Australia fell short of the previous close by -0.8 %
Closing Price /
Recent trading for Reece Australia fell short of the previous close by -0.8 %

REH: CLOSE Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BEARISH (3) 19 Apr: NEUTRAL

Strong volume performance from REH has seen a higher volume of 67.0 [Uptrend]
Volume /
Strong volume performance from REH has seen a higher volume of 67.0 [Uptrend]

[BULLISH]: Reece Australia current volume uptrend in the first timeframe. Volume for REH is20106 (67.0).

Reece Australia: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Reece Australia: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Reece Australia is in an uptrend in the medium term timeframe. The current rally number is 160 & the highest rally count for the LTM is 160. The highest rally for the month is 16

Close Tod Vs Close Yest /
Reece Australia: Daily Performance (-0.8%.)

REH: Recent performance signals ->(1) 23 Apr: NEUTRAL (2) 20 Apr: NEUTRAL (3) 19 Apr: NEUTRAL

MACD Volume /
Reece Australia: Volume MACD oscillator (567.0000)

[BULLISH]: Reece Australia currently has positive Volume MACD of 567.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Percentage Volume /
Volume for Reece Australia continues to lose momentum @-11.0000)

[BEARISH]: Reece Australia currently has negative PVO -11.0000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.1%.

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

[BEARISH]: Reece Australia UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.6630.

REH: Average Directional Index has confirmed a weak trend @14.0000
Average Directional Movement /
REH: Average Directional Index has confirmed a weak trend @14.0000

[Weak Trend]: ADX for REH has confirmed a weak trend is presentReece Australia has an ATR(14) of 0.2220, a DX of 4.0100 & an ADX(14) of 14.0000

Reece Australia has moved above the R1 DeMark pivot point ($10.5275) [Bullish]
Demarks Pivot Points /
Reece Australia has moved above the R1 DeMark pivot point ($10.5275) [Bullish]

Reece Australia has broken the first DeMark resistance point ($10.5275) [Bullish]. Look for a long limit order entry near this point. Exit price for REH should be set @$10.6150 & Stoploss for Reece Australia should be set at $10.3050

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

[BEARISH STRONG]: Reece Australia opened in the upper part of daily range at 100.000000000000000% & closed in the lower part of the trading range at 12.900000000000000%. This suggests the sellers were in control all day. Over the last 12 months there has been 41 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 15.6%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

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