Technical analysis from CBL Corporation (CBL.NZ, NZE:CBL) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

CBL Corporation
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The EMA trend following signal is still current for CBL Corporation [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for CBL Corporation [Bearish]

[BEARISH]: CBL Corporation currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.3%.

[Bullish]: CBL Corporation current trading has maintained the Envelope Bands to oversold status
Moving Average Envelope /
[Bullish]: CBL Corporation current trading has maintained the Envelope Bands to oversold status

[BULLISH]: CBL Corporation current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.8120.

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of CBL

[BULLISH]: CBL Corporation UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.488.

Detrended Price Oscillator /
CBL Corporation: Detrended Price Oscillator(20) is -0.08

[BEARISH]: CBL Corporation currently has a confirmed downtrend. Price is currently below the displaced moving average for CBLCurrently, the return on DPO20 is -0.3%.

Chaikin Money Flow /
CMF highlights continued positive divergence for CBL Corporation

[BULLISH]: CBL Corporation current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.05. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.16

High Price /
Recent trading for CBL has failed to beaten the previous high by -0.3 % [Downtrend]

[BEARISH]: CBL Corporation current downtrend in the first timeframe. Currently, the HIGH is -0.3 %.

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Open Tod Vs Close Tod /
CBL: Over the last month there has been 8 trading days with the opening price in the lower upper range & the closing the price in the lower price range

[BEARISH STRONG]: CBL Corporation opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 77 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 29.3%. Over the last month there has been 8 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 53.3%.

MACD Volume /
CBL: Volume Moving Average Convergence Divergence [Bearish]

CBL: Volume MACD Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

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Market conditions are indicating DVI accumulation is current for CBL
Daily Volume Index /
Market conditions are indicating DVI accumulation is current for CBL

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

Negative ROC: Price is trading lower for CBL Corporation than 14 days ago
Rate of Change /
Negative ROC: Price is trading lower for CBL Corporation than 14 days ago

[BEARISH]: CBL Corporation currently has negative rate of change of -8.8%. 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

Close Tod Vs Range Tod /
Trading for CBL Corporation highlights the commitment of sellers to carry positions overnight.

[BEARISH]: CBL Corporation sellers in control. There has been 4 consecutive days of prices closing in the lower part of the trading range for CBL Corporation 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 234 trading days with the closing price in the lower part of the range giving a confirmation ratio of 89%. Over the last month there has been 9 trading days with the closing price in the lower range giving a confirmation ratio of 60%. Currently this quarter, closing price has spent 9 days in the lower price range compared to 4 days in the upper range giving a ratio of 2.3x.

Medium Trend /
Recent trading indicates a continuation in T2 upward trend direction CBL [Uptrend]

[BULLISH]: CBL Corporation has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Sep 22 2017.

CBL Corporation: Bill Williams Profanity [Fake Day]
Bill Williams Market Facilitation /
CBL Corporation: Bill Williams Profanity [Fake Day]

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

CBL Corporation: Daily opening performance is -0.3 % [Uptrend]
Opening Price /
CBL Corporation: Daily opening performance is -0.3 % [Uptrend]

CBL: OPEN Recent Trading -> (1) 20 Oct: 2.91 (2) 19 Oct: 2.92 (3) 18 Oct: 2.91

Close Tod Vs Close Yest /
The biggest downward movement for CBL Corporation this month has been -2.7

[BEARISH]: CBL Corporationsellers are keener than buyers and are driving the price down. This is the first day of price decline for CBL adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.7 & the greatest daily negative change this year has been -11.1. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -14.9%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -5%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -1.3%

Weighted Moving Average /
CBL Corporation is in a short term downtrend with the closing price @$2.9

[BEARISH]: CBL Corporation 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 -0.3%.

Fibonacci Extensions /
CBL Corporation has broken below the 161.8% extension level ($30.23) [Bullish]

CBL Corporation has moved below the 161.8% level ($30.23) [Bullish]. Look for a long limit order entry near this point. Exit price for CBL should be set @$32.87 & Stoploss for CBL Corporation should be set at $27.59

The SWMA trend following signal is still current for CBL Corporation [Bearish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for CBL Corporation [Bearish]

CBL: SWMA Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Daily trading has increased the bear power to drive prices for CBL Corporation
Elder Ray Index /
Daily trading has increased the bear power to drive prices for CBL Corporation

[BEARISH]: CBL CorporationElder Ray Index is signalling a Bearish movementERI is -0.054 indicating bear power. Prices are being driven below the consensus of value for CBL during the last trading session [Selling Pressure]

[Bearish]: CBL Corporation has failed beat previous low by -0.3 %
Low Price /
[Bearish]: CBL Corporation has failed beat previous low by -0.3 %

CBL: LOW Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BULLISH (3) 18 Oct: NEUTRAL

Closing Price /
CBL Corporation: Daily performance is -0.3 % [Downtrend]

[BEARISH]: CBL Corporation current downtrend in the first timeframe. Currently, the Close is $2.9.

Volume /
CBL Corporation: Daily volume is 8555 (-81.5)

[BEARISH]: CBL Corporation current volume downtrend in the first timeframe. Volume for CBL is8555 (-81.5).

PROFIT /
CBL Corporation: Turnover is $333.46M

CBL Corporation Key financial metrics: (1) Revenue: $333.46M (2) EBITDA: $73.43M (3) Price-Sales ratio: 2.06

Pivot Points /
CBL Corporation has moved below the S1 pivot point ($2.896) [Bearish]

CBL Corporation has broken the first support point ($2.896) [Bearish]. Look for a short limit order entry near this point. Exit price for CBL should be set @$2.893 & short position stoploss for CBL Corporation should be set between $2.913 & $2.916

Dividends for CBL were last paid to shareholders on the Mar 13 2017
Ex-Dividend /
Dividends for CBL were last paid to shareholders on the Mar 13 2017

The last ex-dividend date recorded for CBL occurred on the Mar 13 2017. This event was 221 days from the current trading day.

The TMA trend following signal is still current for CBL Corporation [Bearish]
Triangular Moving Average /
The TMA trend following signal is still current for CBL Corporation [Bearish]

[BEARISH]: CBL Corporation 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 -0.3%.

Simple Moving Average /
[Bearish]: Trend following indicator for CBL highlights downward price direction is likely

[BULLISH]: CBL Corporation 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 -0.3%.

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