Australian Stock Exchange (ASX)

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Australian Stock Exchange (ASX): Signals

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TECHNICAL ANALYSIS SUMMARY

Australian Stock Exchange (ASX.AX)


Indicator:

COLES RALLY DAY


Last Signal:

BULLISH


Trading: BUY @ $74.16
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Australian Stock Exchange (ASX:ASX): Coles Rally Day (HH)



Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.

Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday


PROFILE: Australian Stock Exchange (ASX.AX)


Stock Exchange: ASX
Company: Australian Stock Exchange
Ticker Codes: | ASX.AX | ASX:ASX |

About Australian Stock Exchange (ASX:ASX):

ASX Limited, a multi-asset class and integrated exchange group, provides listings, trading, clearing, settlement, registry, and information and technical services in Australia and internationally. Its products comprise shares, indices, bonds, securities, exchange-traded products (ETFs) and other ETPs, managed funds, warrants, options, index derivatives, interest rate derivatives, grains derivatives, energy derivatives, and market making arrangements. The company also operates two trading, clearing and settlement platforms, such as ASX Trade is for equity and related equity derivative products and ASX Trade24 is for interest rate, equity index, and commodity futures products; helps product manufacturers to issue ETPs, warrants, and managed funds; and provides mFund settlement and trading services, as well as a range of solutions to access liquidity to financial market customers, including connections to other trading venues. In addition, it offers pricing and company information services through its various products and services comprising MarketSource, ComNews, and ReferencePoint; clearing risk management services; over-the-counter clearing; securities settlement facilities; and centralized securities depository tri-party collateral management services. Further, the company provides listing and issuer services to public companies and other issuers, as well as serves retail and institutional investors that invest in and trade securities. ASX Limited is based in Sydney, Australia.

Top 10:

Cole's Reaction Day

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Company Close Change (%) Volume Value Signal
BRN Brainchip Holdings 0.05 4.4 592,113 -1 BEARISH
BKL Blackmores Laboratories 93.6 3.3 129,907 -1 BEARISH
OML Ooh!Media 4.07 3.3 887,978 -1 BEARISH
AMC Amcor 15.97 2.8 5,011,059 -1 BEARISH
GMG Goodman 13.24 2.6 4,442,587 -1 BEARISH
TBR Tribune Resources 4.28 2.6 2,465 -1 BEARISH
CGS Cogstate 0.22 2.3 107,325 -1 BEARISH
TCL Transurban 13.65 2.2 7,285,851 -1 BEARISH
RHC Ramsay Health Care 64.18 2.2 460,322 -1 BEARISH
QAN Qantas Airways 5.72 2 6,383,004 -1 BEARISH
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