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

Reject Shop
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Reject Shop was easily moved upward on low volume in recent trading [Bullish]
Ease of Movement /
Reject Shop was easily moved upward on low volume in recent trading [Bullish]

[BULLISH]: Reject Shop current price have moved upwards on low volume. Currently, the Ease of Movement is 4.815

Reject Shop: The CCI overbought signal has been confirmed
Commodity Channel Index /
Reject Shop: The CCI overbought signal has been confirmed

[BEARISH CROSSOVER]: Reject Shop current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 150. During the quarter, the highest CCI value was 244. The last overbought signal occurred on Dec 28 2017

Medium Trend /
Daily trading has maintained an Uptrend medium trend for Reject Shop

[BULLISH]: Reject Shop is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 105. The highest rally for the month is 8

Close Tod Vs Close Yest /
Closing price for TRS ($6.15) 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 3.4 & the greatest daily positive change this year has been 3.4. The longest consecutive upswing rally over the last 12 months has been 9 days giving a total rally upward movement of 13.7%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4.1%. 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 2.4%

Williams %R /
Initiation of overbought signal for Reject Shop [Bearish Crossover]

[BULLISH]: Reject Shop is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Daily Volume Index /
Recent trading signals Reject Shop is being accumulated

[BULLISH CROSSOVER]: Reject Shop current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

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MACD /
Reject Shop: MACD @0.058000 [Bullish Crossover]

TRS: MACD Recent Trading -> (1) 11 Jan: 0.057800 (2) 11 Jan: -0.024600 (3) 11 Jan: 0.037100

14-day rate of change is now increasing for Reject Shop
Rate of Change /
14-day rate of change is now increasing for Reject Shop

TRS: ROC Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

[Bullish]: Trend following indicator for TRS highlights upward price direction is likely
Sine Weighted Moving Average /
[Bullish]: Trend following indicator for TRS highlights upward price direction is likely

[BULLISH]: Reject Shop 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 0.7%.

Two White Soldiers /
Reject Shop: Two White Soldiers

TRS: Continuation Candlestick Current Signal -> (1) 11 Jan: NEUTRAL (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

High Price /
Strong price performance from TRS has seen a higher high of 0.7 % [Uptrend]

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

[Bullish]: A higher high has been achieved for last trading day for TRS
Coles Reaction Day /
[Bullish]: A higher high has been achieved for last trading day for TRS

Reject Shop: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for TRS

Volume rate of change(14) is decreasing for Reject Shop
Volume Rate of Change /
Volume rate of change(14) is decreasing for Reject Shop

[BEARISH]: Reject Shop currently has negative rate of change of -23%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.7%.

Elders Force Index /
Bullish conditions for TRS have commenced based on EFI (6168)

TRS: Elders Force Index Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

Fibonacci Extensions /
The 161.8% Fibonacci extension level for TRS has moved to the upper limit. Stoploss should be positioned @$1.41

Reject Shop: The current Fibonacci Extension levels are: (23.61%) $5.96: (38.2%) $5.82: (50%) $5.71: (61.8%) $5.6The current support levels are: (78.6%) $5.44: (100%) $5.24: (138.2%) $4.88: (161.8%) $4.66: (261.8%) $3.72: (423.61%) $2.2

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Reject Shop indicating upward price movement is likely

[BEARISH]: Reject Shop 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 0.7%.

[Bullish]: Reject Shop has opened 2.7 % stronger
Opening Price /
[Bullish]: Reject Shop has opened 2.7 % stronger

[BULLISH]: Reject Shop opening price has gapped up. Currently, the OPEN is $6.13 (2.7 %).

TRS: Volume Moving Average Convergence Divergence [Bullish]
MACD Volume /
TRS: Volume Moving Average Convergence Divergence [Bullish]

TRS: Volume MACD Recent Trading -> (1) 11 Jan: 6949 (2) 11 Jan: 63052 (3) 11 Jan: 3471

Reject Shop has initiated a positive momentum of 0.4
Momentum /
Reject Shop has initiated a positive momentum of 0.4

[BULLISH CROSSOVER]: Reject Shop currently has positive momentum of 0.4. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.7%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 4.1%%.

Accumulation / Distribution /
Market conditions are indicating accumulation is current for TRS

[BULLISH]: Reject Shop current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Pivot Points /
Reject Shop: Look for a short limit order entry @$6.11

Reject Shop current pivot point is: 6.145. The current resistance levels are: (R1) $6.185: (R2) $6.22: (R3) $6.26: The current support levels are: (S1) $6.11: (S2) $6.07: (S3) $6.035

On Balance Volume /
TRS: Current trading activity signals OBV accumulation is active

[BULLISH]: Reject Shop current price has highlighted recent accumulation. Currently, the OBV is 756578.

Relative Strength Index /
Relative Strength Index (75.0031) for TRS is now above the overbought limit

[BEARISH]: Reject Shop is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @75.0031

Reject Shop: Percentage Volume Oscillator (-7.6)
Percentage Volume /
Reject Shop: Percentage Volume Oscillator (-7.6)

TRS: PVO Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Reject Shop: Average Directional Index (33.04) has confirmed a strong trend is present
Average Directional Movement /
Reject Shop: Average Directional Index (33.04) has confirmed a strong trend is present

[Trend]: ADX for TRS has confirmed a strong trend is presentReject Shop has an ATR(14) of 0.153, a DX of 56.22 & an ADX(14) of 33.04

Percentage Price /
Reject Shop currently has positive PPO 3.600

[BULLISH]: Reject Shop currently has positive PPO 3.600%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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