Bluescope Steel (BSL)

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Bluescope Steel (BSL): Signals

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TECHNICAL ANALYSIS SUMMARY


A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.

Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;


PROFILE: Bluescope Steel (BSL.AX)


Stock Exchange: ASX
Company: Bluescope Steel
Ticker Codes: | BSL.AX | ASX:BSL |

About Bluescope Steel (ASX:BSL):

BlueScope Steel Limited manufactures and sells metal coated and painted steel building products in Australia, Asia, North America, New Zealand, and internationally. The company operates in five segments: Australian Steel Products; North Star BlueScope Steel; BlueScope Buildings; Building Products ASEAN, North America and India; and New Zealand & Pacific Steel. It provides steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, purlins and house framings, and engineered building solutions. The company offers steel products under the LYSAGHT, COLORBOND, COLORSTEEL, ZINCALUME, GALVABOND, GALVASPAN, BlueScope Zacs, PrimaMaju, SuperDyma, and TRUZINC brands; and engineered building solutions under the Butler, Varco Pruden, EcoBuild and PROBUILD brands. It serves the residential and non-residential building and construction, manufacturing, automotive and transport, agricultural, and mining industries. The company was formerly known as BHP Steel Limited and changed its name to BlueScope Steel Limited in November 2003. BlueScope Steel Limited was founded in 1885 and is headquartered in Melbourne, Australia.

Top 10:

Ulcer Index

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Company Close Change (%) Volume Value Signal
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LYC Lynas Corporation 2.05 5.9 7,004,603 16.94 BEARISH
MLX Metals X 0.59 5.4 1,316,606 15.94 BEARISH
OGC Oceanagold Corporation 4.2 5.3 361,211 8.03 BEARISH
RSG Resolute Mining 1.1 4.3 10,327,619 6.14 BEARISH
TPE Tpi Enterprises 1.56 3.7 30,991 7.86 BEARISH
PTM Platinum Asset Management 5.31 3.5 1,603,964 6.05 BEARISH
GAP Gale Pacific 0.36 2.9 110,333 6.57 BEARISH
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