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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Await further confirmation from the CMF indicator for REH
Chaikin Money Flow /
Await further confirmation from the CMF indicator for REH

REH: Chaikin Oscillator Current Signal -> (1) 11 Jan: NEUTRAL (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: NEUTRAL

Reece Australia: ATR (2.017)
Average True Range /
Reece Australia: ATR (2.017)

REH: Average True Range Recent Trading -> (1) 11 Jan: 2.017 (2) 11 Jan: 0.085 (3) 11 Jan: 1.341

Open Tod Vs Close Tod /
REH: Over the last 12 months there has been 45 trading days giving a confirmation ratio of 17.7%.

[BULLISH STRONG]: Reece Australia opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 45 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 17.7%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 12.5%.

Volume Rate of Change /
Negative VROC for Reece Australia is a leading indicator for continued price fall

[BEARISH]: Reece Australia currently has negative rate of change of -98%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 2.1%.

Bill Williams Market Facilitation /
Market movement continuation likely for REH as a result of Fake Day

Reece Australia Currently is a confirmed Fake Day. MFI indicator is up, volume is down for REH. Trend continuation possible for REH from reduced trading activity.

Average Directional Movement /
Average Directional Index for Reece Australia has signalled a very strong trend is active

[Stong Trend]: ADX for REH has confirmed a very strong trend is presentReece Australia has an ATR(14) of 2.017, a DX of 90.01 & an ADX(14) of 60.28

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Opening Price /
Price for REH has opened stronger than close of the previous trading session

[BULLISH]: Reece Australia opening price has gapped up. Currently, the OPEN is $9.55 (-1.8 %).

REH: Medium term trend has confirmed an Downtrend
Medium Trend /
REH: Medium term trend has confirmed an Downtrend

[BEARISH]: Reece Australia has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jan 2 2018.

Daily trading has now confirmed a DPO(20) bearish crossover for Reece Australia
Detrended Price Oscillator /
Daily trading has now confirmed a DPO(20) bearish crossover for Reece Australia

REH: DPO Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

Elder Ray Index /
[Bearish]: Elder Ray Index is -9.868 indicating bear power

REH: Elder Ray Index Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

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

[BEARISH]: Reece Australia currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 2.1%.

MACD Volume /
Volume MACD oscillator remains negative for REH

[BEARISH]: Reece Australia currently has negative Volume MACD of -413. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Negative momentum on volume for REH is maintained & supports a bearish move is likely
Percentage Volume /
Negative momentum on volume for REH is maintained & supports a bearish move is likely

[BEARISH]: Reece Australia currently has negative PVO -15.8%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.1%.

Reece Australia: Buyers are in control at the market close.
Close Tod Vs Range Tod /
Reece Australia: Buyers are in control at the market close.

[BULLISH]: Reece Australia buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Reece Australia adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 79 trading days with the closing price in the upper part of the range giving a confirmation ratio of 31.1%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 7 days in the lower range giving a ratio of 1.1x.

Sine Weighted Moving Average /
REH: Price continues to move above the SWMA(5) @$9.651

[BULLISH]: Reece Australia 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 2.1%.

Fibonacci Extensions /
Reece Australia has moved below the 161.8% extension level ($44.09) [Bullish]

Reece Australia has moved below the 161.8% level ($44.09) [Bullish]. Look for a long limit order entry near this point. Exit price for REH should be set @$48.34 & Stoploss for Reece Australia should be set at $39.84

Closing Price /
Reece Australia: Daily closing price is $9.7 [Bullish]

[BULLISH]: Reece Australia current uptrend in the first timeframe. Currently, the Close is $9.7.

Pivot point for REH is bullish. Stoploss should be positioned @$9.5
Pivot Points /
Pivot point for REH is bullish. Stoploss should be positioned @$9.5

Reece Australia current pivot point is: 9.65. The current resistance levels are: (R1) $9.75: (R2) $9.8: (R3) $9.9: The current support levels are: (S1) $9.6: (S2) $9.5: (S3) $9.45

Buyers are now keener than sellers for Reece Australia & are driving the price up.
Close Tod Vs Close Yest /
Buyers are now keener than sellers for Reece Australia & are driving the price up.

REH: Recent performance signals ->(1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: NEUTRAL

Reece Australia: Bull Harami
Bull Harami /
Reece Australia: Bull Harami

[BULLISH]: Reece Australia has formed a new Bull Harami reversal pattern.

Hook Reversal /
A short term Hook Reversal has formed with Reece Australia

REH: Bar Reversal Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

Elders Force Index /
Bearish conditions for REH have commenced based on EFI (-28046)

[BEARISH]: Reece Australia current price has highlighted recent selling pressure. Currently, the Elders Force Index is -28046.

Williams %R /
William %R oversold signal had been initiated for Reece Australia

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

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 -36.100%. This means the current price is losing momentum through a fall on the short term exponential moving average.

[Long]: Limit orders for Reece Australia should be set at $10.504
Camarilla Pivot Points /
[Long]: Limit orders for Reece Australia should be set at $10.504

Reece Australia has broken the first Camarilla resistance point ($10.504) [Bullish]. Look for a long limit order entry near this point. Exit price for REH should be set @$11.308 & Stoploss for Reece Australia should be set between $8.092 & $7.287

Reece Australia has broken the first Woodie resistance point ($9.774) [Bullish]
Woodie Pivot Point /
Reece Australia has broken the first Woodie resistance point ($9.774) [Bullish]

Reece Australia has broken the first Woodie resistance point ($9.774) [Bullish]. Look for a long limit order entry near this point. Exit price for REH should be set @$9.812 & Stoploss for Reece Australia should be set at $9.512

Demarks Pivot Points /
Limit order for a long position has been identified for Reece Australia [Bullish]

Reece Australia has broken the first DeMark resistance point ($9.6625) [Bullish]. Look for a long limit order entry near this point. Exit price for REH should be set @$9.775 & Stoploss for Reece Australia should be set at $9.625

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