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

The Star Entertainment
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Recent upward trend has reduced drawdown exposure associated with The Star Entertainment
Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with The Star Entertainment

[BEARISH]: The Star Entertainment UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.727.

The Star Entertainment : Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
The Star Entertainment : Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: The Star Entertainment current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2044.

Bill Williams Market Facilitation /
Trend continuation likely for SGR from increased trading activity

SGR: BWMF Current Signal -> (1) 11 Jan: Green Day (2) 11 Jan: Fade Day (3) 11 Jan: Fade Day

Low Price /
low for SGR has not surpassed the low of the previous trading session

[BULLISH]: The Star Entertainment current downtrend in the first timeframe. Currently, the Low is $5.85 (-1.8 %).

Sine Weighted Moving Average /
[Bullish]: SWMA(30) is serving as a support line for The Star Entertainment

[BEARISH]: The Star Entertainment currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.8%.

Rate of Change /
14-day rate of change is decreasing for The Star Entertainment

[BEARISH]: The Star Entertainment currently has negative rate of change of -1.5%. 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

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Price Range /
[Bullish]: Range has increased for SGR during the last trading session

[BULLISH]: The Star Entertainment current uptrend in the first timeframe. Currently, the Range is $0.105.

[Bearish]: The Star Entertainment  currently has negative MACD histogram -0.031000
MACD /
[Bearish]: The Star Entertainment currently has negative MACD histogram -0.031000

SGR: MACD Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

The Star Entertainment  MFI selling pressure has been relieved
Money Flow Index /
The Star Entertainment MFI selling pressure has been relieved

[NEUTRAL]: The Star Entertainment current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 44.14. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 60.52.

Fibonacci Extensions /
The Star Entertainment : Look for a short limit order entry @$3.59

The Star Entertainment has moved above the 161.8% level ($3.59) [Bearish]. Look for a short limit order entry near this point. Exit price for SGR should be set @$4.13 & short position stoploss for The Star Entertainment should be set at $3.05

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

[BEARISH]: The Star Entertainment current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.05. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.13

Elder Ray Index /
Selling pressure for SGR highlights ability of sellers to drive the price downwards

[BEARISH]: The Star Entertainment Elder Ray Index is signalling a Bearish movementERI is -0.146 indicating bear power. Prices are being driven below the consensus of value for SGR during the last trading session [Selling Pressure]

The Star Entertainment  has broken the first Camarilla resistance point ($6.423) [Bullish]
Camarilla Pivot Points /
The Star Entertainment has broken the first Camarilla resistance point ($6.423) [Bullish]

The Star Entertainment has broken the first Camarilla resistance point ($6.423) [Bullish]. Look for a long limit order entry near this point. Exit price for SGR should be set @$6.915 & Stoploss for The Star Entertainment should be set between $4.945 & $4.452

The current price level for The Star Entertainment  is maintained below the average
Commodity Channel Index /
The current price level for The Star Entertainment is maintained below the average

[BULLISH]: The Star Entertainment current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -138. SGR received a confirmed CCI crossover on the Jan 11 2018.The bullish signal has been active for 1 day. During the quarter, the lowest CCI value was -138.

MACD Volume /
Volume MACD oscillator remains positive for SGR

[BULLISH]: The Star Entertainment currently has positive Volume MACD of 62758. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Close Tod Vs Range Tod /
The Star Entertainment : Buyers are in control at the market close.

[BULLISH]: The Star Entertainment 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 The Star Entertainment 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 107 trading days with the closing price in the upper part of the range giving a confirmation ratio of 41%. 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.

Weighted Moving Average /
The Star Entertainment is in a short term uptrend with the WMA(15) @$6.013

[BEARISH]: The Star Entertainment 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 -0.8%.

Negative momentum: Price is trading lower for The Star Entertainment  than 5 days ago
Momentum /
Negative momentum: Price is trading lower for The Star Entertainment than 5 days ago

[BEARISH]: The Star Entertainment currently has negative momentum of -0.08 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.8%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -0.6%%.

The Star Entertainment : Price Percentage Oscillator Crossover
Percentage Price /
The Star Entertainment : Price Percentage Oscillator Crossover

SGR: PPO Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

High Price /
The Star Entertainment : Daily high performance is -0.9 % [Downtrend]

[BEARISH]: The Star Entertainment current downtrend in the first timeframe. Currently, the HIGH is -0.9 %.

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

[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 -0.8%.

On Balance Volume /
The Star Entertainment : Confirmation of stock distribution

[BEARISH]: The Star Entertainment current price has highlighted recent distribution. Currently, the OBV is -5.48533e+006.

Open Tod Vs Close Tod /
SGR: Over the last 12 months there has been 14 trading days with the opening price in the upper shadow & the closing the price in the upper shadow

[BULLISH]: The Star Entertainment opened in the upper part of daily range at 85.7% & closed in the upper part of the trading range at 76.2%. This suggests the sellers have lost control. Over the last 12 months there has been 14 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 5.4%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 25%.

Strong volume performance from SGR has seen a higher volume of 89.3 [Uptrend]
Volume /
Strong volume performance from SGR has seen a higher volume of 89.3 [Uptrend]

SGR: VOLUME Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BULLISH (3) 09 Jan: BEARISH

[Bearish]: The Star Entertainment  has failed to beat previous close by -0.8 %
Closing Price /
[Bearish]: The Star Entertainment has failed to beat previous close by -0.8 %

[BEARISH]: The Star Entertainment current downtrend in the first timeframe. Currently, the Close is $5.93.

Close Tod Vs Close Yest /
The win ratio for price fall in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x

[BEARISH]: The Star Entertainment sellers are keener than buyers and are driving the price down. This is the first day of price decline for SGR adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -0.8 & the greatest daily negative change this year has been -0.8. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -7%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -0.8%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -0.4%

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