Technical analysis from POSCO (PKX, NYSE:PKX) on the New York Stock Exchange (NYSE). Download the latest price data & trading signals

POSCO
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Volume MACD for POSCO continues to gain momentum @3697
MACD Volume /
Volume MACD for POSCO continues to gain momentum @3697

[BULLISH]: POSCO currently has positive Volume MACD of 3697. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Ulcer index has increased in stress level & high drawdown is expected for POSCO
Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for POSCO

[BULLISH]: POSCO UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.765.

Close Tod Vs Range Tod /
POSCO: Buyers are in control at the market close.

PKX: Close versus price range Current Signal ->(1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: NEUTRAL

Open Tod Vs Close Tod /
Open/close reversal confirmed for POSCO signalling the buyers were in control all day.

[BULLISH STRONG]: POSCO opened in the lower part of daily range at 21.3% & closed in the upper part of the trading range at 67.2%. This suggests the buyers were in control all day. Over the last 12 months there has been 41 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 15.6%. 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 upper price range giving a confirmation ratio of 13.3%.

Rate of Change /
Negative ROC for PKX is a leading indicator for continued price fall

[BEARISH]: POSCO currently has negative rate of change of -5.512%. 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

Aroon Oscillator /
PKX: Aroon oscillator has confirmed a downtrend @-32

[BEARISH]: POSCO has a current ARO(25) of -32. This has change 0 points from yesterday.

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Medium Trend /
PKX: Medium term trend is still an Downtrend

[BEARISH]: POSCO is in an downtrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 32. The highest rally for the month is 15

Volume Rate of Change /
Negative VROC confirmation for PKX is a leading indicator for continued price fall

[BEARISH CROSSOVER]: POSCO currently has negative rate of change of -57%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 2.5%.

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POSCO: Open Window
Open Window /
POSCO: Open Window

[BULLISH]: POSCO has Gapped Up on previous bar.

Bearish trading conditions for POSCO has been signalled from the DPO (-4.776)
Detrended Price Oscillator /
Bearish trading conditions for POSCO has been signalled from the DPO (-4.776)

[BEARISH]: POSCO currently has a confirmed downtrend. Price is currently below the displaced moving average for PKX. Currently, the return on DPO20 is 2.5%.

Pivot Points /
Stoploss for POSCO should be set between $77.3200 & $77.05

POSCO has broken the first resistance point ($78.27) [Bullish]. Look for a long limit order entry near this point. Exit price for PKX should be set @$78.54 & Stoploss for POSCO should be set between $77.32 & $77.05

Demarks Pivot Points /
Limit order for a long position has been identified for POSCO [Bullish]

POSCO has broken the first DeMark resistance point ($77.9975) [Bullish]. Look for a long limit order entry near this point. Exit price for PKX should be set @$78.405 & Stoploss for POSCO should be set at $77.795

Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for PKX

[BEARISH]: POSCO currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.5%.

Strong price performance from PKX has seen a higher high of 1.4 % [Uptrend]
High Price /
Strong price performance from PKX has seen a higher high of 1.4 % [Uptrend]

[BULLISH]: POSCO current uptrend in the first timeframe. Currently, the HIGH is 1.4 %.

Normal trading conditions are continued for POSCO
Commodity Channel Index /
Normal trading conditions are continued for POSCO

[NEUTRAL]: POSCO current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -95. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -170.

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

PKX: WMA Current Signal -> (1) 22 Jun: BULLISH CROSSOVER (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Percentage Volume /
Negative momentum on volume for PKX has been confirmed & supports a bearish move is likely

PKX: PVO Current Signal -> (1) 22 Jun: BEARISH CROSSOVER (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

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

[BEARISH]: POSCO Elder Ray Index is signalling a Bearish movementERI is -2.766 indicating bear power. Prices are being driven below the consensus of value for PKX during the last trading session [Selling Pressure]

POSCO is in a short term downtrend with the resistance price @$78.344
Simple Moving Average /
POSCO is in a short term downtrend with the resistance price @$78.344

[BEARISH]: POSCO 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 2.5%.

Accumulation still active for POSCO
Accumulation / Distribution /
Accumulation still active for POSCO

[BULLISH]: POSCO current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 712014.

PKX Basic Candle: White
White Candle /
PKX Basic Candle: White

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

Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for PKX

[BEARISH]: POSCO currently has negative PPO -1.352%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Average Directional Movement /
POSCO: Average Directional Index (16.91) has confirmed a weak trend is present

[Weak Trend]: ADX for PKX has confirmed a weak trend is present. POSCO has an ATR(14) of 2.06, a DX of 26.35 & an ADX(14) of 16.91

Low Price /
POSCO: Daily low performance is 2.1 % [Uptrend]

[BEARISH]: POSCO current uptrend in the first timeframe. Currently, the Low is $77.59 (2.1 %).

Daily bar has maintained 3rd timeframe Uptrend for PKX
Long Trend /
Daily bar has maintained 3rd timeframe Uptrend for PKX

[BULLISH]: POSCO is in an uptrend in the medium term timeframe. & the highest rally count for the LTM is 14. The highest rally for the month is 15

William %R for PKX is still below the oversold limit signalling a bullish movement
Williams %R /
William %R for PKX is still below the oversold limit signalling a bullish movement

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

Island Reversal /
A short term Island Reversal has formed with POSCO

[BEARISH]: A short term Island Reversal has formed with POSCO which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 5 occurrences of this bar reversal giving a signal probability of 1.9%.

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