Technical analysis from Pacsoft (PAC.AX.AX, ASX:PAC.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

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Trading for Pacsoft highlights the commitment of buyers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Pacsoft highlights the commitment of buyers to carry positions overnight.

PAC: Close versus price range Current Signal ->(1) 20 Apr: BULLISH (2) 19 Apr: BEARISH (3) 18 Apr: BULLISH

Contracting price range of -70.0% on an down tick day for Pacsoft
Range Tod Vs Range Yest /
Contracting price range of -70.0% on an down tick day for Pacsoft

[WEAK BULLISH]: Pacsoftsellers are becoming less eager. There has been 2 consecutive days of range increase for PAC reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.6400 & the greatest daily price range this year has been $2.2900. The price range ratio this week versus the quarterly price range is 0.8000000000000000000x & the price range ratio this month versus the year to date price range is 0.3000000000000000000x.

Open Tod Vs Close Tod /
Pacsoft opened in the lower part of daily range at 0.000000000000000% & closed in the lower part of the trading range at 20.000000000000000%. This suggests the buyers have lost control.

[BEARISH]: Pacsoft opened in the lower part of daily range at 0.000000000000000% & closed in the lower part of the trading range at 20.000000000000000%. This suggests the buyers have lost control. Over the last 12 months there has been 23 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 8.7%. Over the last month there has been 1 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 7.1%.

Close Tod Vs Range Tod /
This is the first day of seller commitment for Pacsoft adding strength to an downtrend in the first timeframe

[BEARISH]: Pacsoft sellers in control. This is the first day of seller commitment for Pacsoft adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 64 trading days with the closing price in the lower part of the range giving a confirmation ratio of 24.3%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 14.3%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 2 days in the upper range giving a ratio of 1x.

Close Tod Vs Close Yest /
Pacsoft: Daily Performance (0.8%.)

PAC: Recent performance signals ->(1) 19 Apr: BULLISH (2) 18 Apr: NEUTRAL (3) 17 Apr: BULLISH

Range Tod Vs Range Yest /
Pacsoft: Range Performance (-34.2)

PAC: Range today versus range yesterday Current Signal ->(1) 19 Apr: BEARISH (2) 18 Apr: BULLISH (3) 17 Apr: BEARISH

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Close Tod Vs Close Yest /
Sellers are now keener than buyers for Pacsoft & are driving the price down.

[BEARISH]: Pacsoftsellers are keener than buyers and are driving the price down. This is the first day of price decline for PAC adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -3.2 & the greatest daily negative change this year has been -5.0. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -14.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -5.2%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -1.800000%

Sellers are now less eager for Pacsoft given the price range is contracting
Range Tod Vs Range Yest /
Sellers are now less eager for Pacsoft given the price range is contracting

[WEAK BULLISH]: Pacsoftsellers are becoming less eager. This is the first day sellers have decreased eagerness for PAC reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.5950 & the greatest daily price range this year has been $2.2900. The price range ratio this week versus the quarterly price range is 0.6000000000000000000x & the price range ratio this month versus the year to date price range is 0.3000000000000000000x.

Closing price for PAC ($6.0400) signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Closing price for PAC ($6.0400) signals buyers are still keener than sellers

[BULLISH]: Pacsoftbuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for PAC adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.3 & the greatest daily positive change this year has been 7.1. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 23.8%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4.8%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 1.200000%

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