Technical analysis from Regional Express (REX.AX, ASX:REX.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Regional Express
+ Share

REX has achieved a lower range ($0.01)
Price Range /
REX has achieved a lower range ($0.01)

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

Envelope bands Oversold signal is still current for Regional Express [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Regional Express [Bullish]

[BULLISH]: Regional Express current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.3965.

Accumulation / Distribution /
Regional Express: Current trading activity signals accumulation is present

[BULLISH]: Regional Express current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 88240.

Weighted Moving Average /
The WMA trend following signal is still current for Regional Express [Bearish]

[BEARISH]: Regional Express 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 -0.7%.

Open Tod Vs Close Tod /
Regional Express: Sellers were in control all day.

[BEARISH STRONG]: Regional Express opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 26 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 9.9%. Over the last month there has been 5 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 27.8%.

High Price /
Regional Express: Daily high price is $1.4 [Lower High]

[BEARISH]: Regional Express current downtrend in the first timeframe. Currently, the HIGH is -0.4 %.

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Rate of Change /
Rate of change(14) is decreasing for Regional Express

[BEARISH]: Regional Express currently has negative rate of change of -6.711%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Sellers have decreased eagerness for REX reducing strength of a continued downtrend in the first timeframe.
Range Tod Vs Range Yest /
Sellers have decreased eagerness for REX reducing strength of a continued downtrend in the first timeframe.

[WEAK BULLISH]: Regional Express sellers are becoming less eager. There has been 2 consecutive days of range increase for REX reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1750 & the greatest daily price range this year has been $0.3600. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.5x.

Recent trading for REX has failed to beaten the previous close by -0.7 % [Downtrend]
Closing Price /
Recent trading for REX has failed to beaten the previous close by -0.7 % [Downtrend]

REX: CLOSE Current Signal -> (1) 24 May: BEARISH (2) 23 May: NEUTRAL (3) 22 May: BULLISH

Fibonacci Extensions /
Regional Express has broken below the 161.8% extension level ($4.49) [Bullish]

Regional Express has moved below the 161.8% level ($4.49) [Bullish]. Look for a long limit order entry near this point. Exit price for REX should be set @$3.86 & Stoploss for Regional Express should be set at $5.12

Momentum /
Momentum(5) is decreasing for Regional Express

REX: MOM Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH

Elders Force Index /
Bearish conditions for REX are likely to continue based on EFI (-129)

[BEARISH]: Regional Express current price has highlighted recent selling pressure. Currently, the Elders Force Index is -129.

Regional Express: Average Directional Index (26.66) has confirmed a strong trend is present
Average Directional Movement /
Regional Express: Average Directional Index (26.66) has confirmed a strong trend is present

[Trend]: ADX for REX has confirmed a strong trend is present. Regional Express has an ATR(14) of 0.031, a DX of 31.1 & an ADX(14) of 26.66

Regional Express is still oversold with the Stochastic Oscillator @5.7
Stochastic Oscillator /
Regional Express is still oversold with the Stochastic Oscillator @5.7

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

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

[BEARISH]: Regional Express currently has negative PPO -2.62%. 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 REX indicates ST trend is likely to continue

REX: TMA Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH

Aroon Oscillator /
Regional Express: Aroon Oscillator (-72)

[BEARISH]: Regional Express has a current ARU(25) of 20 and a current ARD(25) of 92

REX Basic Candle: Black Marubozu
Black Marubozu /
REX Basic Candle: Black Marubozu

[BEARISH]: Regional Express has formed a Black Marubozu candlestick. This means, REX has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Closing price for Regional Express has seen sellers win the daily battle for performance @ -0.7%
Close Tod Vs Close Yest /
Closing price for Regional Express has seen sellers win the daily battle for performance @ -0.7%

REX: Recent performance signals ->(1) 24 May: NEUTRAL (2) 23 May: NEUTRAL (3) 22 May: BULLISH

Daily trading has confirmed an ATR downtrend (0.031) for Regional Express
Average True Range /
Daily trading has confirmed an ATR downtrend (0.031) for Regional Express

[Bearish]: Average True Range has confirmed an downtrend is present. Regional Express has a TR of 0.01, and an ATR(14) of 0.031.

Demarks Pivot Points /
[Long]: Limit orders for Regional Express should be set at $1.3925

Regional Express current pivot point (DeMark) is: (R1) $1.395. The current pivot point (DeMark) is: (S1) $1.385.

Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(5) for REX

REX: SWMA Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH

Close Tod Vs Range Tod /
This is the first day of seller commitment for Regional Express adding strength to an downtrend in the first timeframe

[BEARISH]: Regional Express sellers in control. This is the first day of seller commitment for Regional Express 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 51 trading days with the closing price in the lower part of the range giving a confirmation ratio of 19.4%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 44.4%. Currently this quarter, closing price has spent 13 days in the lower price range compared to 14 days in the upper range giving a ratio of 0.9x.

MACD Volume /
Regional Express: Volume MACD oscillator (1395)

[BULLISH]: Regional Express currently has positive Volume MACD of 1395. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

The EMA trend following signal is still current for Regional Express [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Regional Express [Bearish]

[BEARISH]: Regional Express 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 -0.7%.

OBV: Distribution still active for Regional Express
On Balance Volume /
OBV: Distribution still active for Regional Express

REX: OBV Current Signal ->(1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH

Volume /
Weaker volume performance from REX has seen a lower volume of -74.2 [Downtrend]

[BEARISH]: Regional Express current volume downtrend in the first timeframe. Volume for REX is 11173 (-74.2).

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