Technical analysis from Scottish Pacific (SCO.AX.AX, ASX:SCO.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Scottish Pacific
+ Share

Daily bar has confirmed has confirmed an ATR downtrend is intact for SCO
Average True Range /
Daily bar has confirmed has confirmed an ATR downtrend is intact for SCO

[Bearish]: Average True Range has confirmed an downtrend is present. Scottish Pacific has a TR of 0.06, and an ATR(14) of 0.099.

Scottish Pacific : Accumulation Distribution Line (92819)
Accumulation / Distribution /
Scottish Pacific : Accumulation Distribution Line (92819)

[BULLISH]: Scottish Pacific current accumulation has given strength to the share price and the continuation of bullish trading conditions.

White Opening Marubozu /
SCO Basic Candle: White Opening Marubozu

[BULLISH]: Scottish Pacific has formed a White Opening Marubozu candlestick. This means, SCO has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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

SCO: Long Term Trend Recent Trading -> (1) 20 Feb: Uptrend (2) 19 Feb: Uptrend (3) 20 Feb: Uptrend

On Balance Volume /
Traders are currently Distributing Scottish Pacific

[BEARISH]: Scottish Pacific current price has highlighted recent distribution. Currently, the OBV is -1.48072e+006.

Top companies for
Australian Stock Exchange
Advertisment
Low Price /
Scottish Pacific : Daily low performance is 0.7 % [Uptrend]

[BEARISH]: Scottish Pacific current uptrend in the first timeframe. Currently, the Low is $2.94 (0.7 %).

Negative ROC for SCO is a leading indicator for continued price fall
Rate of Change /
Negative ROC for SCO is a leading indicator for continued price fall

[BEARISH]: Scottish Pacific currently has negative rate of change of -6%. 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

SCO: Percentage Volume Oscillator [Bearish]
Percentage Volume /
SCO: Percentage Volume Oscillator [Bearish]

[BEARISH]: Scottish Pacific currently has negative PVO -2.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.3%.

Volume /
Scottish Pacific : Daily volume performance is 32.7 [Uptrend]

[BULLISH]: Scottish Pacific current volume uptrend in the first timeframe. Volume for SCO is174763 (32.7).

Close Tod Vs Range Tod /
Scottish Pacific closed in the upper part of daily range at 66.7%.

[BULLISH]: Scottish Pacific buyers are in control at the market close. This is the first day of buyer commitment for Scottish Pacific 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 74 trading days with the closing price in the upper part of the range giving a confirmation ratio of 28.9%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 15.4%. Currently this quarter, closing price has spent 7 days in the upper price range compared to 7 days in the lower range giving a ratio of 1x.

Opening Price /
Weak opening from SCO has seen an decrease of -1 % [Downtrend]

[BEARISH]: Scottish Pacific opening price has gapped down. Currently, the OPEN is $2.94 (-1 %).

Woodie pivot point for SCO is bullish. Stoploss should be positioned @$2.915
Woodie Pivot Point /
Woodie pivot point for SCO is bullish. Stoploss should be positioned @$2.915

Scottish Pacific has broken the first Woodie resistance point ($3.01) [Bullish]. Look for a long limit order entry near this point. Exit price for SCO should be set @$3.035 & Stoploss for Scottish Pacific should be set at $2.915

Price continues to trade above the Sine Weighted Moving Average(5) for SCO
Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(5) for SCO

SCO: SWMA Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 20 Feb: BEARISH

Elders Force Index /
Elders Force Index (-9151) has signalled selling pressure has continued for SCO

[BEARISH]: Scottish Pacific current price has highlighted recent selling pressure. Currently, the Elders Force Index is -9151.

Weighted Moving Average /
[Uptrend]: Recent trading for SCO indicates ST trend is likely to continue

[BULLISH]: Scottish Pacific 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 1%.

Moving Average Envelope /
Oversold signal continues for Scottish Pacific indicating upward price movement is likely

[BULLISH]: Scottish Pacific current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.9260.

Scottish Pacific  Ease of Movement is 0.858 [Difficult to Move]
Ease of Movement /
Scottish Pacific Ease of Movement is 0.858 [Difficult to Move]

[BULLISH]: Scottish Pacific current price have moved upwards on high volume. Currently, the Ease of Movement is 0.858

CMF has a bearish relationship between price and volume
Chaikin Money Flow /
CMF has a bearish relationship between price and volume

[BEARISH]: Scottish Pacific current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.11

SCO: Aroon oscillator has confirmed a strong downtrend @-76
Aroon Oscillator /
SCO: Aroon oscillator has confirmed a strong downtrend @-76

[BEARISH]: Scottish Pacific has a current ARO(25) of -76. This has change 0 points from yesterday.

MACD /
[Bullish Crossover]: Scottish Pacific currently has positive MACD histogram 0.000000

[BULLISH CROSSOVER]: Scottish Pacific currently has positive MACD of 0.000000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.

Coles Reaction Day /
Scottish Pacific : Coles Rally Day has been confirmed

Scottish Pacific : Coles Rally Day has been confirmed A higher high has been achieved for last trading day for SCO

Elder Ray Index /
Daily trading has increased the bull power to drive prices for Scottish Pacific

[BEARISH]: Scottish Pacific Elder Ray Index is signalling a Bearish movementERI is -0.044 indicating bear power. Prices are being driven below the consensus of value for SCO during the last trading session [Selling Pressure]

Volume Rate of Change /
14-day volume rate of change is decreasing for Scottish Pacific

[BEARISH]: Scottish Pacific currently has negative rate of change of -8%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1%.

[Uptrend]: Recent trading for SCO indicates ST trend is likely to continue
Simple Moving Average /
[Uptrend]: Recent trading for SCO indicates ST trend is likely to continue

[BEARISH]: Scottish Pacific 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 1%.

The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x
Close Tod Vs Close Yest /
The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x

[BULLISH]: Scottish Pacific buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for SCO adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.5 & the greatest daily positive change this year has been 2.5. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 14.1%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 1.8%

Pivot Points /
Pivot point for SCO is bullish. Stoploss should be positioned @$2.913

Scottish Pacific has broken the first resistance point ($3.006) [Bullish]. Look for a long limit order entry near this point. Exit price for SCO should be set @$3.033 & Stoploss for Scottish Pacific should be set between $2.913 & $2.886

See More   See more results
Advertisment
Advertisment
back to top