Technical analysis from Super Cheap Auto (SUL.AX.AX, ASX:SUL.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Super Cheap Auto
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The daily battle of control for Super Cheap Auto  was won again by the sellers
Close Tod Vs Range Tod /
The daily battle of control for Super Cheap Auto was won again by the sellers

[BEARISH]: Super Cheap Auto sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Super Cheap Auto 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 71 trading days with the closing price in the lower part of the range giving a confirmation ratio of 27%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 6 days in the upper range giving a ratio of 1x.

[Bullish]: New low has formed for SUL by 0.1 % during the last trading session
Low Price /
[Bullish]: New low has formed for SUL by 0.1 % during the last trading session

[BEARISH]: Super Cheap Auto current uptrend in the first timeframe. Currently, the Low is $7.0500 (0.1 %).

Medium Trend /
Daily trading has maintained an Uptrend medium trend for Super Cheap Auto

[BULLISH]: Super Cheap Auto is in an uptrend in the medium term timeframe. The current rally number is 6 & the highest rally count for the LTM is 55. The highest rally for the month is 15

Opening Price /
Strong opening from SUL has seen an increase of -1.3 % [Uptrend]

SUL: OPEN Recent Trading -> (1) 20 Apr: 7.0700 (2) 19 Apr: 7.1600 (3) 18 Apr: 7.1600

On Balance Volume /
Super Cheap Auto : On Balance Volume (1243845.0000)

SUL: OBV Current Signal ->(1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Detrended Price Oscillator /
The simple moving average and past price for SUL has confirmed bullish trading conditions

SUL: DPO Recent Trading -> (1) 20 Apr: 0.295 (2) 19 Apr: 0.291 (3) 18 Apr: 0.371

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MACD /
Super Cheap Auto : MACD oscillator (0.0540)

[BULLISH]: Super Cheap Auto currently has positive MACD of 0.0540. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 7.8%.

SUL: Current trading activity signals accumulation is active
Accumulation / Distribution /
SUL: Current trading activity signals accumulation is active

[BULLISH]: Super Cheap Auto current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 2312900.0000. day.

Super Cheap Auto  has signalled an Aroon trend present [Uptrend]
Aroon Oscillator /
Super Cheap Auto has signalled an Aroon trend present [Uptrend]

SUL: Aroon Oscillator Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Open Tod Vs Close Tod /
SUL Over the last 12 months there has been 12 trading days with the opening price in the lower shadow & the closing the price in the lower shadow

[BEARISH]: Super Cheap Auto opened in the lower part of daily range at 28.600000000000000% & closed in the lower part of the trading range at 28.600000000000000%. This suggests the buyers have lost control. Over the last 12 months there has been 12 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 4.6%. 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 lower price range giving a confirmation ratio of 13.3%.

Volume /
Super Cheap Auto : Daily volume is 343218 [Lower Volume]

[BEARISH]: Super Cheap Auto current volume downtrend in the first timeframe. Volume for SUL is343218 (-23.1).

Moving Average Envelope /
Closing price for SUL is still below the lower envelope signalling a bullish movement

[BULLISH]: Super Cheap Auto current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 6.5645.

Super Cheap Auto  is no longer overbought
Commodity Channel Index /
Super Cheap Auto is no longer overbought

SUL: CCI Current Signal ->(1) 20 Apr: BULLISH CROSSUNDER (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Stochastic Oscillator for SUL has crossed below the overbought limit triggering a neutral signal
Stochastic Oscillator /
Stochastic Oscillator for SUL has crossed below the overbought limit triggering a neutral signal

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

High Price /
Super Cheap Auto has failed to achieve a lower high of $7.1200 (-0.7 %)

[BEARISH]: Super Cheap Auto current downtrend in the first timeframe. Currently, the HIGH is -0.7 %.

Simple Moving Average /
Super Cheap Auto is in a short term downtrend with the resistance price @$7.1200

[BULLISH]: Super Cheap Auto currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.0%.

Momentum /
Positive momentum: Price is trading higher for Super Cheap Auto than 5 days ago

[BULLISH]: Super Cheap Auto currently has positive momentum of 0.0200. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.0000%. The largest upward momentum rally for the last 3 months is 11 days producing a return of 4.6%%.

The TMA trend following signal is still current for Super Cheap Auto  [Bullish]
Triangular Moving Average /
The TMA trend following signal is still current for Super Cheap Auto [Bullish]

[BULLISH]: Super Cheap Auto currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.0%.

Limit order for a short position has been identified for Super Cheap Auto  @$4.5000
Fibonacci Extensions /
Limit order for a short position has been identified for Super Cheap Auto @$4.5000

Super Cheap Auto has moved above the 161.8% level ($4.5000) [Bearish]. Look for a short limit order entry near this point. Exit price for SUL should be set @$4.8800 & short position stoploss for Super Cheap Auto should be set at $4.1200

Recent trading indicates ATR downward trend direction likely for SUL [Downtrend]
Average True Range /
Recent trading indicates ATR downward trend direction likely for SUL [Downtrend]

SUL: Average True Range Recent Trading -> (1) 20 Apr: 0.1550 (2) 19 Apr: 0.1610 (3) 18 Apr: 0.1630

Elders Force Index /
Recent trading highlights continued buying pressure is present for SUL

[BULLISH]: Super Cheap Auto current price has highlighted recent buying pressure. Currently, the Elders Force Index is 21344.

Percentage Volume /
Volume for Super Cheap Auto continues to lose momentum @-9.1)

SUL: PVO Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH CROSSOVER (3) 18 Apr: BULLISH

Exponential Moving Average /
[Downtrend]: Recent trading for SUL indicates ST trend is likely to continue

SUL: EMA(5) Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BEARISH

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Super Cheap Auto indicating downward price movement is likely

[BEARISH]: Super Cheap Auto 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 0.0%.

[Bullish]: Super Cheap Auto  has beaten previous close by 0.0 %
Closing Price /
[Bullish]: Super Cheap Auto has beaten previous close by 0.0 %

SUL: CLOSE Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: BEARISH (3) 18 Apr: NEUTRAL

[Downtrend]: Recent trading for SUL indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Downtrend]: Recent trading for SUL indicates ST trend is likely to continue

SUL: SWMA Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BEARISH

Demarks Pivot Points /
DeMark pivot point for SUL is bullish. Stoploss should be positioned @$7.0350

Super Cheap Auto has broken the first DeMark resistance point ($7.0775) [Bullish]. Look for a long limit order entry near this point. Exit price for SUL should be set @$7.1050 & Stoploss for Super Cheap Auto should be set at $7.0350

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