Technical analysis from Norbord Inc (OSB.TO.TO, TSE:OSB.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Norbord Inc
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Norbord Inc: Daily closing price is $54.39 [Bearish]
Closing Price /
Norbord Inc: Daily closing price is $54.39 [Bearish]

[BEARISH]: Norbord Inc current downtrend in the first timeframe. Currently, the Close is $54.39.

Positive momentum: Price is trading higher for Norbord Inc than 5 days ago
Momentum /
Positive momentum: Price is trading higher for Norbord Inc than 5 days ago

[BULLISH]: Norbord Inc currently has positive momentum of 1.91. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.2%. The largest upward momentum rally for the last 3 months is 19 days producing a return of 11%.

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

[BULLISH]: Norbord Inc current price has highlighted recent accumulation. Currently, the OBV is 3.18578e+006.

Chaikin Money Flow /
Norbord Inc: CMF(0.08)

[BULLISH]: Norbord Inc current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.08. OSB received a confirmed CMF crossover days on the May 23 2018. The bullish signal has been active for 3 days. During the quarter, the highest CMF value was 0.12 occurring on the May 23 2018.

Volume Rate of Change /
Negative VROC: Price is lower for Norbord Inc than 14 days ago

[BEARISH]: Norbord Inc currently has negative rate of change of -58%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.2%.

Percentage Price /
Norbord Inc: Price Percentage Oscillator (1.59)

[BULLISH]: Norbord Inc currently has positive PPO 1.59%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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Ulcer Index /
Ulcer index has fallen as the price rises for Norbord Inc

[BEARISH]: Norbord Inc UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.759.

Volume /
Weaker volume performance from OSB has seen a lower volume of -35.2 [Downtrend]

[BEARISH]: Norbord Inc current volume downtrend in the first timeframe. Volume for OSB is 158185 (-35.2).

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Norbord Inc: Aroon oscillator (56) has confirmed a strong uptrend is present
Aroon Oscillator /
Norbord Inc: Aroon oscillator (56) has confirmed a strong uptrend is present

[BULLISH]: Norbord Inc has a current ARU(25) of 96 and a current ARD(25) of 40

Norbord Inc: Current trading activity signals DVI accumulation is present
Daily Volume Index /
Norbord Inc: Current trading activity signals DVI accumulation is present

OSB: DVI Current Signal -> (1) 25 May: BULLISH (2) 24 May: BULLISH CROSSOVER (3) 23 May: BEARISH

Stochastic Oscillator /
Overbought signal for the Stochastic Oscillator is still current for Norbord Inc

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

Elders Force Index /
Bullish conditions for OSB are likely to continue based on EFI (61029)

[BULLISH]: Norbord Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 61029.

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Norbord Inc

[BULLISH]: Norbord Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 49.799.

OSB Basic Candle: Short Black
Short Black Candle /
OSB Basic Candle: Short Black

[BEARISH]: Norbord Inc has formed a Short Black candlestick. This means, OSB has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Daily trading has confirmed an ATR downtrend (1.192) for Norbord Inc
Average True Range /
Daily trading has confirmed an ATR downtrend (1.192) for Norbord Inc

[Bearish]: Average True Range has confirmed an downtrend is present. Norbord Inc has a TR of 0.82, and an ATR(14) of 1.192.

Close Tod Vs Close Yest /
Daily trading performance for OSB has initiated a short term downtrend

[BEARISH]: Norbord Incsellers are keener than buyers and are driving the price down. This is the first day of price decline for OSB adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -6.2 & the greatest daily negative change this year has been -6.2. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -7.5%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -6.2%. 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 1.3x. Over the last month the average daily downward movement has been -1.700000%

Fibonacci Extensions /
Norbord Inc has moved above the 161.8% extension level ($38.66) [Bearish]

Norbord Inc has moved above the 161.8% level ($38.66) [Bearish]. Look for a short limit order entry near this point. Exit price for OSB should be set @$42.27 & short position stoploss for Norbord Inc should be set at $35.05

OSB: Current trading activity signals accumulation is active
Accumulation / Distribution /
OSB: Current trading activity signals accumulation is active

[BULLISH]: Norbord Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 834488.

Price continues to trade above the Triangular Moving Average(5) for OSB
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for OSB

[BULLISH]: Norbord Inc currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.2%.

Norbord Inc: Percentage Volume Oscillator @-15.35 [Bearish]
Percentage Volume /
Norbord Inc: Percentage Volume Oscillator @-15.35 [Bearish]

[BEARISH]: Norbord Inc currently has negative PVO -15.35%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 4.6%.

Medium Trend /
Daily trading has maintained an Uptrend medium trend for Norbord Inc

[BULLISH]: Norbord Inc has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 23 2018.

Ease of Movement /
Ease of Movement for Norbord Incis 106.268 [Easily Moved]

OSB: EOM Current Signal -> (1) 25 May: BULLISH EASY (2) 24 May: BULLISH EASY (3) 23 May: BEARISH EASY

Demarks Pivot Points /
Norbord Inc has broken the first DeMark resistance point ($54.295) [Bullish]

Norbord Inc has broken the first DeMark resistance point ($54.2950) [Bullish]. Look for a long limit order entry near this point. Exit price for OSB should be set @$54.6 & Stoploss for Norbord Inc should be set at $53.78

Price Range /
Norbord Inc: Daily price range is 0.82 [Downtrend]

[BEARISH]: Norbord Inc current downtrend in the first timeframe. Currently, the Range is $0.82.

OSB: Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range
Open Tod Vs Close Tod /
OSB: Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range

[BEARISH WEAK]: Norbord Inc opened in the upper part of daily range at 68.3% & closed in the middle part of the trading range at 48.8%. This suggests the sellers have lost commitment. Over the last 12 months there has been 25 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 9.5%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 11.1%.

Norbord Inc: Potential CCI trend reversal has been identified
Commodity Channel Index /
Norbord Inc: Potential CCI trend reversal has been identified

[BEARISH]: Norbord Inc current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 141. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 216.

Williams %R /
William %R Overbought signal is still current for Norbord Inc [Bearish]

OSB: William %R Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

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