BLA | Australian Securities Exchange

Blue Sky
+ Share

Confirmation of Blue Sky is currently being distributed
Accumulation / Distribution /
Confirmation of Blue Sky is currently being distributed

[BEARISH]: Blue Sky (ASX:BLA) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -119140.

Blue Sky has moved below the S2 Woodie pivot point ($0.731) [Bearish]
Woodie Pivot Point /
Blue Sky has moved below the S2 Woodie pivot point ($0.731) [Bearish]

Blue Sky has broken the first Woodie support point ($0.731) [Bearish]. Look for a short limit order entry near this point. Exit price for BLA should be set @$0.731 & short position stoploss for Blue Sky should be set at $0.781

Percentage Price /
Blue Sky: Price Percentage Oscillator (-6.263)

[BEARISH]: Blue Sky currently has negative PPO -6.263%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Donchian Channels /
Overbought signal for the Upper Donchian Band is still current for Blue Sky

[BEARISH]: Blue Sky is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Triangular Moving Average /
[Bearish]: TMA(15) is serving as a resistance line for Blue Sky

[BEARISH]: Blue Sky currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.0%.

Elders Force Index /
Recent trading highlights continued selling pressure is present for BLA

BLA: Elders Force Index Current Signal -> (1) 18 Jan: BEARISH (2) 17 Jan: BEARISH (3) 16 Jan: BEARISH

Open/close reversal confirmed for Blue Sky signalling the sellers were in control all day
Open Tod Vs Close Tod /
Open/close reversal confirmed for Blue Sky signalling the sellers were in control all day

[BEARISH STRONG]: Blue Sky opened in the upper part of daily range at 80% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 7.7%.

Coles Reaction Day /
[Bullish]: A higher high has been achieved for last trading day for BLA

Blue Sky: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for BLA

BLA: Price continues to move below the EMA(15) @$0.78
Exponential Moving Average /
BLA: Price continues to move below the EMA(15) @$0.78

[BEARISH]: Blue Sky currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.0%.

Blue Sky is now oversold with the Lower Envelope Band @$0.779
Moving Average Envelope /
Blue Sky is now oversold with the Lower Envelope Band @$0.779

[BEARISH]: Blue Sky current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the short trading conditions. Currently, the Lower Band is 0.779.

Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Blue Sky

[BULLISH]: Blue Sky UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 12.699.

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

BLA: Close versus price range Current Signal ->(1) 18 Jan: BEARISH (2) 17 Jan: NEUTRAL (3) 16 Jan: NEUTRAL

Daily Volume Index /
BLA.AX: Current trading activity signals DVI distribution is active

[BEARISH]: Blue Sky (ASX:BLA) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1483.

Blue Sky: MACD oscillator (0.0037)
MACD /
Blue Sky: MACD oscillator (0.0037)

[BULLISH]: Blue Sky currently has positive MACD of 0.0037. This means the signal line is greater than the MACD line signalling a bullish movement.

Selling pressure for BLA.AX continues - bearish signal
Chaikin Money Flow /
Selling pressure for BLA.AX continues - bearish signal

[BEARISH]: Blue Sky current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.41. Blue Sky (ASX:BLA) received a confirmed CMF crossover days on the Aug 28 2018. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.41 occurring on the Aug 28 2018.

Rate of Change /
Rate of change(14) is decreasing for Blue Sky

[BEARISH]: Blue Sky currently has negative rate of change of -6.25%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Supertrend /
BLA: Supertrend has confirmed a downtrend @0.8785

[BEARISH]: Blue Sky has a current Supertrend of 0.8785

Tricklar Trend /
Blue Sky: Tricklar trend Uptrend remains intact

[BULLISH]: Blue Sky has a Tricklar uptrend confirmation. This was confirmed through a price breakout on the Jan 16 2019.

Market conditions are indicating OBV distribution is current for BLA.AX
On Balance Volume /
Market conditions are indicating OBV distribution is current for BLA.AX

[BEARISH]: Blue Sky current price has highlighted recent distribution. Currently, the OBV is -104031.

Volume rate of change(14) is increasing for Blue Sky
Volume Rate of Change /
Volume rate of change(14) is increasing for Blue Sky

BLA: VROC Recent Trading -> (1) 18 Jan: 278.0000 (2) 17 Jan: 132.0000 (3) 16 Jan: 91.0000

BLA Basic Candle: Black
Black Candle /
BLA Basic Candle: Black

BLA: Basic Candlestick Recent Trading -> (1) 18 Jan: Black Candle (2) 17 Jan: White Candle (3) 16 Jan: Black Spinning Top

Fibonacci Extensions /
Blue Sky has broken below the 161.8% extension level ($17.79) [Bullish]

Blue Sky: The current Fibonacci Extension levels are: (23.61%) $0: (38.2%) $0: (50%) $0: (61.8%) $0The current support levels are: (78.6%) $0: (100%) $0: (138.2%) $0: (161.8%) $0: (261.8%) $0: (423.61%) $0

Percentage Volume /
Positive momentum on volume for BLA is maintained & supports a bullish move is likely

[BULLISH]: Blue Sky currently has positive PVO 6.57%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 2%.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Blue Sky [Bearish]

[BEARISH]: Blue Sky currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.0%.

Dark Cloud Cover /
Blue Sky (BLA): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Blue Sky has formed a new bearish Dark Cloud Cover reversal pattern. This means, BLA has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

[Short]: Entry price for BLA should be set @$0.733
Pivot Points /
[Short]: Entry price for BLA should be set @$0.733

Blue Sky has broken the first support point ($0.733) [Bearish]. Look for a short limit order entry near this point. Exit price for BLA should be set @$0.733 & short position stoploss for Blue Sky should be set between $0.783 & $0.791

BLA: Aroon oscillator has confirmed a downtrend @-20
Aroon Oscillator /
BLA: Aroon oscillator has confirmed a downtrend @-20

[BEARISH]: Blue Sky has a current ARO(25) of -20. This has change 8 points from yesterday.

Money Flow Index /
Blue Sky is no longer oversold

[NEUTRAL]: Blue Sky (ASX:BLA) current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 29.34. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 29.34.

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