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Trading: BUY @ $9.76
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Dulux (ASX:DLX) has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 7 2019.
The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;
PROFILE: Dulux (DLX.AX)
Stock Exchange: ASX
Ticker Codes: | DLX.AX | ASX:DLX |
DuluxGroup Limited manufactures, markets, sells, and distributes paints, coatings, adhesives, and garden care and other building products in Australia, New Zealand, Papua New Guinea, China, South East Asia, and the United Kingdom. The company's Dulux ANZ segment offers decorative paints, as well as woodcare, texture, protective, powder, and industrial coatings for consumer and professional trade markets. Its Selleys & Parchem ANZ segment provides adhesives, sealants, and other household repair and maintenance products for the consumer and professional trade markets; and construction chemicals, decorative concrete solutions, and related equipment. The company's B&D Group segment offers garage doors and electronic openers for residential, commercial, and industrial use. Its Lincoln Sentry segment distributes branded cabinet and architectural hardware to the cabinet making, window, door, and glazing industries. The company's Other Businesses segment offers garden care and home improvement products; and decorative and specialty coatings, adhesives, and paints. DuluxGroup Limited was founded in 1918 is headquartered in Clayton, Australia.
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