Technical analysis from The Star Entertainment (SGR.AX, ASX:SGR.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

The Star Entertainment
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The Star Entertainment : Bullish relationship forming between price & volume
Chaikin Money Flow /
The Star Entertainment : Bullish relationship forming between price & volume

[BULLISH]: The Star Entertainment current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.11. SGR received a confirmed CMF crossover days on the May 14 2018. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.24 occurring on the May 14 2018.

The Star Entertainment : 2nd timeframe trend Uptrend remains intact
Medium Trend /
The Star Entertainment : 2nd timeframe trend Uptrend remains intact

[BULLISH]: The Star Entertainment is in an uptrend in the medium term timeframe. The current rally number is 24 & the highest rally count for the LTM is 125. The highest rally for the month is 15

Accumulation / Distribution /
Distribution still active for The Star Entertainment

[BEARISH]: The Star Entertainment current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -901822.

Close Tod Vs Close Yest /
Daily trading performance for SGR has initiated a short term uptrend

SGR: Recent Performance ->(1) 21 May: 0.6% (2) 18 May: -0.6% (3) 21 May: -0.5%

Open Tod Vs Close Tod /
Open/close reversal: Buyers were in control of trading all day for The Star Entertainment

[BULLISH STRONG]: The Star Entertainment opened in the lower part of daily range at 11.1% & closed in the upper part of the trading range at 77.8%. This suggests the buyers were in control all day. Over the last 12 months there has been 44 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 16.7%. Over the last month there has been 2 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 13.3%.

Rate of Change /
Positive ROC for The Star Entertainment is a leading indicator for continued price rise

[BULLISH]: The Star Entertainment currently has positive rate of change of 1.912%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

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Daily Volume Index /
SGR: Current trading activity signals DVI accumulation is active

[BULLISH]: The Star Entertainment current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 2873.

Limit order for a long position has been identified for The Star Entertainment  [Bullish]
Demarks Pivot Points /
Limit order for a long position has been identified for The Star Entertainment [Bullish]

The Star Entertainment has broken the first DeMark support point ($5.3225) [Bearish]. Look for a short limit order entry near this point. Exit price for SGR should be set @$5.2950 & short position stoploss for The Star Entertainment should be set at $5.385

The Star Entertainment : Daily volume performance is -12.6 [Downtrend]
Volume /
The Star Entertainment : Daily volume performance is -12.6 [Downtrend]

[BEARISH]: The Star Entertainment current volume downtrend in the first timeframe. Volume for SGR is 865813 (-12.6).

On Balance Volume /
The Star Entertainment : Current trading activity signals OBV accumulation is present

SGR: OBV Current Signal ->(1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

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

[BEARISH]: The Star Entertainment 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 0.6%.

MACD Volume /
[Bearish]: The Star Entertainment currently has negative Volume MACD histogram -212009

[BEARISH]: The Star Entertainment currently has negative Volume MACD of -212009. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Currently this quarter, closing price for SGR has spent 11 days in the upper price range
Close Tod Vs Range Tod /
Currently this quarter, closing price for SGR has spent 11 days in the upper price range

SGR: Close versus price range Current Signal ->(1) 21 May: BULLISH (2) 18 May: BEARISH (3) 21 May: BEARISH

Moving Average Envelope /
Lower envelope oversold signal had been maintained for The Star Entertainment

[BULLISH]: The Star Entertainment current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 5.0255.

Fibonacci Extensions /
The Star Entertainment has moved above the 161.8% extension level ($2.96) [Bearish]

The Star Entertainment : The current Fibonacci Extension levels are: (23.61%) $5.36: (38.2%) $5.31: (50%) $5.27: (61.8%) $5.22The current support levels are: (78.6%) $5.16: (100%) $5.08: (138.2%) $4.94: (161.8%) $4.85: (261.8%) $4.48: (423.61%) $3.88

Opening Price /
The Star Entertainment : Daily opening performance is -0.9 % [Downntrend]

[BEARISH]: The Star Entertainment opening price has gapped down. Currently, the OPEN is $5.27 (-0.9 %).

The Star Entertainment : Ulcer Index 1.282 [Low Stress]
Ulcer Index /
The Star Entertainment : Ulcer Index 1.282 [Low Stress]

[BEARISH]: The Star Entertainment UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.282.

The Star Entertainment  was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
The Star Entertainment was difficult to move downward due to high volume in recent trading [Bearish]

SGR: EOM Current Signal -> (1) 21 May: BEARISH HARD (2) 18 May: BULLISH HARD (3) 21 May: BULLISH HARD

The Star Entertainment  has broken the first resistance point ($5.366) [Bullish]
Pivot Points /
The Star Entertainment has broken the first resistance point ($5.366) [Bullish]

The Star Entertainment has broken the first resistance point ($5.366) [Bullish]. Look for a long limit order entry near this point. Exit price for SGR should be set @$5.403 & Stoploss for The Star Entertainment should be set between $5.223 & $5.186

High Price /
The Star Entertainment : Daily high price is $5.35 [Higher High]

[BULLISH]: The Star Entertainment current uptrend in the first timeframe. Currently, the HIGH is 0.2 %.

Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for SGR

The Star Entertainment Currently is a confirmed Fake Day. MFI indicator is up, volume is down for SGR. Trend continuation possible for SGR from reduced trading activity.

Closing Price /
Strong price performance from SGR has seen a higher close of 0.6 % [Uptrend]

SGR: CLOSE Current Signal -> (1) 21 May: BULLISH (2) 18 May: BEARISH (3) 17 May: BEARISH

Woodie Pivot Point /
Stoploss for The Star Entertainment should be set at $5.228

The Star Entertainment has broken the first Woodie resistance point ($5.376) [Bullish]. Look for a long limit order entry near this point. Exit price for SGR should be set @$5.408 & Stoploss for The Star Entertainment should be set at $5.228

Recent trading for The Star Entertainment  fell short of the previous low by -0.6 %
Low Price /
Recent trading for The Star Entertainment fell short of the previous low by -0.6 %

[BULLISH]: The Star Entertainment current downtrend in the first timeframe. Currently, the Low is $5.26 (-0.6 %).

The WMA trend following signal is now active for The Star Entertainment  [Bullish]
Weighted Moving Average /
The WMA trend following signal is now active for The Star Entertainment [Bullish]

[BULLISH]: The Star Entertainment 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 0.6%.

Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for The Star Entertainment

[BULLISH]: The Star Entertainment 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 0.6%.

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