BSL | Australian Securities Exchange

Bluescope Steel
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The EMA trend following signal is still current for Bluescope Steel [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Bluescope Steel [Bearish]

BSL: EMA(15) Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH

The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.6x
Close Tod Vs Close Yest /
The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.6x

BSL: Recent performance signals ->(1) 16 Nov: BULLISH (2) 15 Nov: BULLISH (3) 14 Nov: NEUTRAL

Percentage Price /
Bluescope Steel: Price Percentage Oscillator

[BEARISH]: Bluescope Steel currently has negative PPO -4.683%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Woodie Pivot Point /
Bluescope Steel has broken the first Woodie support point ($12.805) [Bearish]

Bluescope Steel has broken the first Woodie support point ($12.805) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$12.805 & short position stoploss for Bluescope Steel should be set at $13.525

MACD /

BSL: MACD Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH

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

[BEARISH]: Bluescope Steel current price has highlighted recent selling pressure. Currently, the Elders Force Index is -273412.

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Detrended Price Oscillator /
Bluescope Steel: Detrended Price Oscillator(20) (-1.951)

[BEARISH]: Bluescope Steel currently has a confirmed downtrend. Price is currently below the displaced moving average for BSL. Currently, the return on DPO20 is 0.8%.

The current price level for Bluescope Steel is maintained below the average
Commodity Channel Index /
The current price level for Bluescope Steel is maintained below the average

[BULLISH]: Bluescope Steel (ASX:BSL) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -122. The bullish signal has been active for 5 days. During the quarter, the lowest CCI value was -261.

Daily bar has confirmed has confirmed an ADX a strong trend is intact for BSL
Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for BSL

[Trend]: ADX for BSL has confirmed a strong trend is present. Bluescope Steel has an ATR(14) of 0.466, a DX of 46.82 & an ADX(14) of 36.24

Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Bluescope Steel

BSL: BWMF Current Signal -> (1) 16 Nov: Fake Day (2) 15 Nov: Squat Day (3) 14 Nov: Fake Day

Donchian Channels /
[Bearish]: Bluescope Steel current trading has maintained the Donchian Band to Overbought status

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

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(15) for BSL

[BEARISH]: Bluescope Steel currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.8%.

This is the first day buyers have increased eagerness for BSL adding strength to an uptrend in the first timeframe.
Range Tod Vs Range Yest /
This is the first day buyers have increased eagerness for BSL adding strength to an uptrend in the first timeframe.

[BULLISH]: Bluescope Steel buyers are increasingly eager. This is the first day buyers have increased eagerness for BSL adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.8250. & the greatest daily price range this year has been $6.2100. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.3x.

Drawdown for Bluescope Steel is currently high signalling high stress
Ulcer Index /
Drawdown for Bluescope Steel is currently high signalling high stress

[BULLISH]: Bluescope Steel UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 9.355.

Williams %R /
William %R for BSL is still below the oversold limit signalling a bullish movement

[BEARISH]: Bluescope Steel is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Tricklar Trend /
Bluescope Steel: Tricklar trend Downtrend remains intact

[BEARISH]: Bluescope Steel has a Tricklar downtrend confirmation. This was confirmed through a price breakout on the Nov 8 2018.

Fibonacci Extensions /
Bluescope Steel: 1.618 Fibonacci Extension ($17.71)

Bluescope Steel: The current Fibonacci Extension levels are: (23.61%) $13.51: (38.2%) $13.95: (50%) $14.31: (61.8%) $14.67The current support levels are: (78.6%) $15.18: (100%) $15.83: (138.2%) $16.99: (161.8%) $17.71: (261.8%) $20.75: (423.61%) $25.67

Bluescope Steel: Confirmation of stock accumulation
On Balance Volume /
Bluescope Steel: Confirmation of stock accumulation

BSL: OBV Current Signal ->(1) 16 Nov: BULLISH CROSSOVER (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH

DVI: Distribution still active for BSL.AX
Daily Volume Index /
DVI: Distribution still active for BSL.AX

BSL: DVI Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH

BSL: Aroon oscillator has confirmed a strong downtrend @-72
Aroon Oscillator /
BSL: Aroon oscillator has confirmed a strong downtrend @-72

[BEARISH]: Bluescope Steel has a current ARU(25) of 20 and a current ARD(25) of 92

Camarilla Pivot Points /
Bluescope Steel has moved below the S2 Camarilla pivot point ($10.955) [Bearish]

Bluescope Steel current pivot point Camarilla is: $13.17. The current resistance levels are: (R1) $14.248: (R2) $15.345: (R3) $16.443: (R4) $19.735The current support levels are: (S1) $12.053: (S2) $10.955: (S3) $9.858: (S4) $6.565

Pivot Points /
Bluescope Steel: Stoploss for short position should be set between $13.53 & $13.7

Bluescope Steel has broken the first support point ($12.81) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$12.81 & short position stoploss for Bluescope Steel should be set between $13.53 & $13.7

Sine Weighted Moving Average /
Bluescope Steel is in a short term downtrend with the resistance price @$13.876

[BEARISH]: Bluescope Steel 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 0.8%.

Moving Average Envelope /
Initiation of oversold signal for Bluescope Steel

[BEARISH]: Bluescope Steel current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the short trading conditions. Currently, the Lower Band is 13.566.

Bluescope Steel: Volume MACD oscillator (248691)
MACD Volume /
Bluescope Steel: Volume MACD oscillator (248691)

[BULLISH]: Bluescope Steel currently has positive Volume MACD of 248691. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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

[BEARISH]: Bluescope Steel current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.26. Bluescope Steel (ASX:BSL) received a confirmed CMF crossover days on the Aug 30 2018. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.34 occurring on the Aug 30 2018.

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