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

Scales Corporation
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Price continues to trade below the Triangular Moving Average(5) for SCL
Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for SCL

[BEARISH]: Scales 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 0.8%.

Recent trading for Scales Corporation has surpassed the previous volume by 61.3
Volume /
Recent trading for Scales Corporation has surpassed the previous volume by 61.3

[BULLISH]: Scales Corporation current volume uptrend in the first timeframe. Volume for SCL is218229 (61.3).

Woodie Pivot Point /
Limit order for a long position has been identified for Scales Corporation [Bullish]

Scales Corporation has broken the first Woodie resistance point ($3.84) [Bullish]. Look for a long limit order entry near this point. Exit price for SCL should be set @$3.91 & Stoploss for Scales Corporation should be set at $3.67

Rate of Change /
Scales Corporation: Rate of Change (14)

[BULLISH]: Scales Corporation currently has positive rate of change of 2.2%. 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

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

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

MACD /
The MACD continues to fall below the signal line for SCL [Bearish]

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

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Fibonacci Extensions /
Scales Corporation has moved above the 161.8% extension level ($0) [Bearish]

Scales Corporation: The current Fibonacci Extension levels are: (23.61%) $3.85: (38.2%) $3.78: (50%) $3.72: (61.8%) $3.66The current support levels are: (78.6%) $3.58: (100%) $3.48: (138.2%) $3.3: (161.8%) $3.18: (261.8%) $2.7: (423.61%) $1.93

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Scales Corporation

[BEARISH]: Scales Corporation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.983.

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Scales Corporation: Price Earnings Ratio (14.00)
VALUE /
Scales Corporation: Price Earnings Ratio (14.00)

Scales Corporation Key financial metrics: (1) EPS: $0.27 (2) P/E Ratio: 14.00

Price for SCL has opened weaker than close of the previous trading session
Opening Price /
Price for SCL has opened weaker than close of the previous trading session

[BEARISH]: Scales Corporation opening price has gapped down. Currently, the OPEN is $3.74 (0.3 %).

Price Range /
Range for SCL has surpassed the range of the previous trading session

[BULLISH]: Scales Corporation current uptrend in the first timeframe. Currently, the Range is $0.12.

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

[BULLISH]: Scales Corporation has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 19 2017.

White Candle /
SCL Basic Candle: White

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

Scales Corporation: On Balance Volume (1.57466e+006)
On Balance Volume /
Scales Corporation: On Balance Volume (1.57466e+006)

SCL: OBV Current Signal ->(1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Scales Corporation: Detrended Price Oscillator(20) is 0.2205
Detrended Price Oscillator /
Scales Corporation: Detrended Price Oscillator(20) is 0.2205

[BULLISH]: Scales Corporation currently has a confirmed uptrend. Price is currently above the displaced moving average for SCLCurrently, the return on DPO20 is 0.8%.

Pivot Points /
Scales Corporation: Look for a long limit order entry @$3.846

Scales Corporation has broken the first resistance point ($3.846) [Bullish]. Look for a long limit order entry near this point. Exit price for SCL should be set @$3.913 & Stoploss for Scales Corporation should be set between $3.673 & $3.606

Open Tod Vs Close Tod /
Scales Corporation: Buyers have lost control.

[BEARISH]: Scales Corporation opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 33.3%. This suggests the buyers have lost control. Over the last 12 months there has been 19 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 7.2%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 20%.

Accumulation / Distribution /
Scales Corporation: Confirmation of stock accumulation

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

[Bullish]: WMA(5) is serving as a support line for Scales Corporation
Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Scales Corporation

[BULLISH]: Scales Corporation currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.8%.

The current market capitalization of Scales Corporation is $528.36M
TRADE /
The current market capitalization of Scales Corporation is $528.36M

Scales Corporation key financial metrics: (1) MCAP: $528.36M (2) Shares: 139779000 (3) Free Float: 103442000

Exponential Moving Average(5) signal continues for Scales Corporation indicating downward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Scales Corporation indicating downward price movement is likely

SCL: EMA(5) Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Range Tod Vs Range Yest /
This is the first day buyers have increased eagerness for SCL adding strength to an uptrend in the first timeframe.

[BULLISH]: Scales Corporationbuyers are increasingly eager. This is the first day buyers have increased eagerness for SCL adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.3. & the greatest daily price range this year has been $0.75. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.4x.

Percentage Price /
PPO has positive momentum signalling a continuation of upward price rise for SCL

[BULLISH]: Scales Corporation currently has positive PPO 1.800%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Daily Volume Index /
DVI: Distribution still active for Scales Corporation

[BEARISH]: Scales Corporation current distribution has given weakness to the share price and the continuation of bearish trading conditions.

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

[BULLISH]: Scales Corporation 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 0.8%.

Scales Corporation: Aroon oscillator (52) has confirmed a strong uptrend is present
Aroon Oscillator /
Scales Corporation: Aroon oscillator (52) has confirmed a strong uptrend is present

[BULLISH]: Scales Corporation has a current ARU(25) of 72 and a current ARD(25) of 20

Scales Corporation: Rate of Change (165)
Volume Rate of Change /
Scales Corporation: Rate of Change (165)

[BULLISH CROSSOVER]: Scales Corporation currently has positive volume of change of 165%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.8%.

Long Trend /
Scales Corporation: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Scales Corporation is in an uptrend in the medium term timeframe. The current rally number is 17 & the highest rally count for the LTM is 17. The highest rally for the month is 15

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