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

Pacsoft
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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/close reversal confirmed for Pacsoft signalling the buyers have lost commitment
Open Tod Vs Close Tod /
Open/close reversal confirmed for Pacsoft signalling the buyers have lost commitment

[BULLISH WEAK]: Pacsoft opened in the lower part of daily range at 0.000000000000000% & closed in the middle part of the trading range at 66.700000000000000%. This suggests the buyers have lost commitment. Over the last 12 months there has been 33 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 12.5%. Over the last month there has been 4 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 26.7%.

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

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

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.

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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Open Tod Vs Close Tod /
Pacsoft: Buyers have taken control.

[BULLISH]: Pacsoft opened in the middle part of daily range at 47.400000000000000% & closed in the upper part of the trading range at 73.700000000000000%. This suggests the buyers have taken control. Over the last 12 months there has been 28 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 10.6%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 15.4%.

Open/close reversal confirmed for Pacsoft signalling the buyers have lost commitment
Open Tod Vs Close Tod /
Open/close reversal confirmed for Pacsoft signalling the buyers have lost commitment

[BULLISH WEAK]: Pacsoft opened in the lower part of daily range at 0.000000000000000% & closed in the middle part of the trading range at 50.000000000000000%. This suggests the buyers have lost commitment. Over the last 12 months there has been 32 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 12.2%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 25%.

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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