Technical analysis from Reject Shop (TRS.AX, ASX:TRS.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Reject Shop
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Ulcer index has increased as the price has fallen for Reject Shop
Ulcer Index /
Ulcer index has increased as the price has fallen for Reject Shop

[BULLISH]: Reject Shop UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 10.372.

Strong price performance from TRS has seen a higher close of 0.3 % [Uptrend]
Closing Price /
Strong price performance from TRS has seen a higher close of 0.3 % [Uptrend]

[BULLISH]: Reject Shop current uptrend in the first timeframe. Currently, the Close is $6.59.

Bill Williams Market Facilitation /
Reject Shop: Bill Williams Profanity [Fake Day]

Reject Shop Currently is a confirmed Fake Day. MFI indicator is up, volume is down for TRS. Trend continuation possible for TRS from reduced trading activity.

MACD /
Reject Shop: MACD oscillator (0.0242)

[BULLISH]: Reject Shop currently has positive MACD of 0.0242. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -5.2%.

Volume /
Recent trading for TRS has failed to beat the previous volume by -48.0 [Downtrend]

[BEARISH]: Reject Shop current volume downtrend in the first timeframe. Volume for TRS is 16896 (-48.0).

Detrended Price Oscillator /
Reject Shop: Detrended Price Oscillator(20) (-0.7165)

[BEARISH]: Reject Shop currently has a confirmed downtrend. Price is currently below the displaced moving average for TRS. Currently, the return on DPO20 is 0.3%.

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Average True Range /
Average True Range for Reject Shop has signalled an downtrend is active

[Bearish]: Average True Range has confirmed an downtrend is present. Reject Shop has a TR of 0.06, and an ATR(14) of 0.191.

The current price is still losing momentum through a fall for TRS on the short term EMA.
Percentage Price /
The current price is still losing momentum through a fall for TRS on the short term EMA.

[BEARISH]: Reject Shop currently has negative PPO -2.924%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Closing price for TRS ($6.59) signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Closing price for TRS ($6.59) signals buyers are still keener than sellers

[BULLISH]: Reject Shopbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for TRS adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.9 & the greatest daily positive change this year has been 13.1. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 16.5%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 12.9%. 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 1.1x. Over the last month the average daily upward movement has been 1.200000%

Low Price /
Strong price performance from TRS has seen a lower low of 0.1 % [Uptrend]

[BEARISH]: Reject Shop current uptrend in the first timeframe. Currently, the Low is $6.54 (0.1 %).

On Balance Volume /
Market conditions are indicating OBV distribution is current for TRS

TRS: OBV Recent Trading ->(1) 24 May: -171319 (2) 23 May: -188215 (3) 22 May: -220690

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Reject Shop indicating downward price movement is likely

[BEARISH]: Reject Shop 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 0.3%.

Momentum continues to reduce for Reject Shop signalling a short term downtrend is likely
Momentum /
Momentum continues to reduce for Reject Shop signalling a short term downtrend is likely

[BEARISH]: Reject Shop currently has negative momentum of -0.36 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.3%.The largest downward momentum rally for the last 3 months is 15 days producing a return of -15.6%.

[Bearish]: Recent trading has driven price below the consensus of value for TRS
Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for TRS

[BEARISH]: Reject Shop Elder Ray Index is signalling a Bearish movementERI is -0.16 indicating bear power. Prices are being driven below the consensus of value for TRS during the last trading session [Selling Pressure]

Close Tod Vs Range Tod /
This is the first day of buyer commitment for Reject Shop adding strength to an uptrend in the first timeframe

[BULLISH]: Reject Shop buyers are in control at the market close. This is the first day of buyer commitment for Reject Shop 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 104 trading days with the closing price in the upper part of the range giving a confirmation ratio of 39.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 22.2%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 10 days in the lower range giving a ratio of 0.8x.

Two White Soldiers /
Reject Shop: Two White Soldiers

[BULLISH]: Reject Shop has formed a new Two White Soldiers pattern.

Price Range /
[Bullish]: Reject Shop has beaten previous trading range

TRS: Price Range Current Signal -> (1) 24 May: BULLISH (2) 23 May: BEARISH (3) 22 May: BEARISH

[Long]: Limit orders for Reject Shop should be set at $6.62
Woodie Pivot Point /
[Long]: Limit orders for Reject Shop should be set at $6.62

Reject Shop has broken the first Woodie resistance point ($6.62) [Bullish]. Look for a long limit order entry near this point. Exit price for TRS should be set @$6.64 & Stoploss for Reject Shop should be set at $6.52

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

[BULLISH]: Reject Shop is in an uptrend in the medium term timeframe. The current rally number is 67 & the highest rally count for the LTM is 177. The highest rally for the month is 18

Stoploss for Reject Shop should be set between $6.5170 & $6.494
Pivot Points /
Stoploss for Reject Shop should be set between $6.5170 & $6.494

Reject Shop has broken the first resistance point ($6.614) [Bullish]. Look for a long limit order entry near this point. Exit price for TRS should be set @$6.637 & Stoploss for Reject Shop should be set between $6.517 & $6.494

Volume Rate of Change /
14-day volume rate of change is decreasing for Reject Shop

TRS: VROC Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH

White Candle /
TRS Basic Candle: White

[BULLISH]: Reject Shop has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Average Directional Movement /
Reject Shop: Average Directional Index (31.27) has confirmed a strong trend is present

TRS: Average Directional Index Current Signal -> (1) 24 May: TREND STRONG (2) 23 May: TREND STRONG (3) 22 May: TREND STRONG

Reject Shop: Coles Rally Day has been confirmed
Coles Reaction Day /
Reject Shop: Coles Rally Day has been confirmed

TRS: CRD Current Signal -> (1) 24 May: BULLISH (2) 23 May: NEUTRAL (3) 22 May: NEUTRAL

Reject Shop was difficult to move upward due to high volume in recent trading [Bullish]
Ease of Movement /
Reject Shop was difficult to move upward due to high volume in recent trading [Bullish]

TRS: EOM Current Signal -> (1) 24 May: BULLISH HARD (2) 23 May: BEARISH HARD (3) 22 May: BEARISH EASY

Percentage Volume /
Percentage volume oscillator remains negative for TRS

[BEARISH]: Reject Shop currently has negative PVO -24.23%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -5.2%.

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