Technical analysis from Suncorp-Metway (SUN.AX.AX, ASX:SUN.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Suncorp-Metway
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Price for SUN has opened stronger than close of the previous trading session
Opening Price /
Price for SUN has opened stronger than close of the previous trading session

SUN: OPEN Recent Trading -> (1) 23 Apr: 13.6300 (2) 20 Apr: 13.6700 (3) 19 Apr: 13.7500

Positive ROC for Suncorp-Metway is a leading indicator for continued price rise
Rate of Change /
Positive ROC for Suncorp-Metway is a leading indicator for continued price rise

[BULLISH]: Suncorp-Metway currently has positive rate of change of 2.4000%. 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

Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (56.0000) for Suncorp-Metway

SUN: Aroon Oscillator Current Signal -> (1) 23 Apr: BULLISH STRONG (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH

Simple Moving Average /
The SMA trend following signal is now active for Suncorp-Metway [Bullish]

[BEARISH]: Suncorp-Metway 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 0.1%.

On Balance Volume /
Suncorp-Metway: Confirmation of stock distribution

[BEARISH]: Suncorp-Metway current price has highlighted recent distribution. Currently, the OBV is -20743745.0000.

Triangular Moving Average /
Suncorp-Metway is in a short term uptrend with the support price @$13.6130

[BULLISH]: Suncorp-Metway 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 0.1%.

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Elder Ray Index /
[Buying Pressure]: ERI has increased for Suncorp-Metway during the last trading session

[BULLISH]: Suncorp-MetwayElder Ray Index is signalling a Bullish movementERI is 0.1820 indicating bull power. Prices are being driven above the consensus of value for SUN during the last trading session [Buying Pressure]

Price percentage oscillator: Upward momentum is still present for Suncorp-Metway
Percentage Price /
Price percentage oscillator: Upward momentum is still present for Suncorp-Metway

SUN: PPO Recent Trading -> (1) 23 Apr: 0.2240 (2) 20 Apr: 0.1950 (3) 19 Apr: 0.1700

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

Suncorp-Metway Currently is a confirmed Green Day. Both MFI & volume are down for SUN. Trend continuation likely for SUN from increased trading activity.

Ease of Movement /
Price moved on high volume to close higher for the day for SUN [Difficult to Move]

SUN: EOM Current Signal -> (1) 23 Apr: BULLISH HARD (2) 20 Apr: BEARISH HARD (3) 19 Apr: BULLISH HARD

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

[BULLISH]: Suncorp-Metway current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 6823493.0000. day.

MACD /
Suncorp-Metway: MACD @0.0290 [Bullish]

[BULLISH]: Suncorp-Metway currently has positive MACD of 0.0290. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.7%.

The 161.8% Fibonacci extension level for SUN has moved to the upper limit. Stoploss should be positioned @$4.1200
Fibonacci Extensions /
The 161.8% Fibonacci extension level for SUN has moved to the upper limit. Stoploss should be positioned @$4.1200

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

Lower envelope oversold signal had been maintained for Suncorp-Metway
Moving Average Envelope /
Lower envelope oversold signal had been maintained for Suncorp-Metway

[BEARISH]: Suncorp-Metway current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 14.2800.

Weighted Moving Average /
The WMA trend following signal is still current for Suncorp-Metway [Bearish]

[BEARISH]: Suncorp-Metway 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 0.1%.

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for SUN

[BULLISH]: Suncorp-Metway currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.1%.

Low Price /
SUN has achieved a lower low of $13.5800 (-0.1 %)

[BULLISH]: Suncorp-Metway current downtrend in the first timeframe. Currently, the Low is $13.5800 (-0.1 %).

DVI: Accumulation still active for Suncorp-Metway
Daily Volume Index /
DVI: Accumulation still active for Suncorp-Metway

[BULLISH]: Suncorp-Metway current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1077.0000.

Recent trading indicates a continuation in T3 upward trend direction SUN [Uptrend]
Long Trend /
Recent trading indicates a continuation in T3 upward trend direction SUN [Uptrend]

[BULLISH]: Suncorp-Metway is in an uptrend in the medium term timeframe.. The highest rally for the month is 16

Bullish conditions for SUN are likely to continue based on EFI (66940.0000)
Elders Force Index /
Bullish conditions for SUN are likely to continue based on EFI (66940.0000)

[BULLISH]: Suncorp-Metway current price has highlighted recent buying pressure. Currently, the Elders Force Index is 66940.0000.

Momentum /
The largest upward momentum rally for SUN in the last 3 months is 8

[BULLISH]: Suncorp-Metway currently has positive momentum of 0.0700. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.1000%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 1.8%%.

MACD Volume /
Positive momentum on the volume MACD histogram for SUN is maintained & supports a bullish move is likely

[BULLISH]: Suncorp-Metway currently has positive Volume MACD of 17177.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Chaikin Money Flow /
Suncorp-Metway: CMF(0.0500)

SUN: Chaikin Oscillator Current Signal -> (1) 23 Apr: BULLISH (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH CROSSOVER

Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 4.5%

[BULLISH]: Suncorp-Metwaybuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for SUN adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.0 & the greatest daily positive change this year has been 2.5. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 4.5%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 1.1%. 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. Over the last month the average daily upward movement has been 0.600000%

SUN Basic Candle: Long White
Long White Candle /
SUN Basic Candle: Long White

[BULLISH]: Suncorp-Metway has formed a Long White candlestick. This means, SUN has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

SUN: Medium term trend is still an Uptrend
Medium Trend /
SUN: Medium term trend is still an Uptrend

[BULLISH]: Suncorp-Metway is in an uptrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 82. The highest rally for the month is 16

Coles Reaction Day /
The daily range for Suncorp-Metway has achieved a lower low [Bearish]

Suncorp-Metway: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for SUN

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