BSL | Australian Stock Exchange

Bluescope Steel
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This is the first day of buyer commitment for Bluescope Steel adding strength to an uptrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of buyer commitment for Bluescope Steel adding strength to an uptrend in the first timeframe

[BULLISH]: Bluescope Steel buyers are in control at the market close. This is the first day of buyer commitment for Bluescope Steel adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 114 trading days with the closing price in the upper part of the range giving a confirmation ratio of 43.3%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 5 days in the upper price range compared to 8 days in the lower range giving a ratio of 0.6x.

Continuation of the overbought CCI signal for Bluescope Steel
Commodity Channel Index /
Continuation of the overbought CCI signal for Bluescope Steel

[BEARISH]: Bluescope Steel current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 130. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 130.

Opening Price /
Bluescope Steel: Daily opening price is $18.61

[BULLISH]: Bluescope Steel opening price has gapped up. Currently, the OPEN is $18.61 (1.4 %).

Close Tod Vs Close Yest /
Bluescope Steel: Share price rise (1.8% signals buyers are still keener than sellers

[BULLISH]: Bluescope Steelbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for BSL adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.2 & the greatest daily positive change this year has been 4.4. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 9.5%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 5.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.2x. Over the last month the average daily upward movement has been 1.500000%

Average Directional Movement /
Bluescope Steel: Average Directional Index (22.03) has confirmed a weak trend is present

[Weak Trend]: ADX for BSL has confirmed a weak trend is present. Bluescope Steel has an ATR(14) of 0.473, a DX of 29.29 & an ADX(14) of 22.03

Rate of Change /
14-day rate of change is increasing for Bluescope Steel

BSL: ROC Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

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Fibonacci Extensions /
Stoploss for Bluescope Steel should be set at $13.87

Bluescope Steel has moved above the 161.8% level ($12.75) [Bearish]. Look for a short limit order entry near this point. Exit price for BSL should be set @$11.63 & short position stoploss for Bluescope Steel should be set at $13.87

Bluescope Steel: Rate of Change (30)
Volume Rate of Change /
Bluescope Steel: Rate of Change (30)

[BULLISH CROSSOVER]: Bluescope Steel currently has positive volume of change of 30%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.8%.

BSL: Medium term trend is still an Uptrend
Medium Trend /
BSL: Medium term trend is still an Uptrend

[BULLISH]: Bluescope Steel has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jul 18 2018.

Moving Average Envelope /
Oversold signal continues for Bluescope Steel indicating upward price movement is likely

[BULLISH]: Bluescope Steel current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 17.195.

Chaikin Money Flow /
CMF has negative divergence between price and volume

[BEARISH]: Bluescope Steel current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.35. BSL received a confirmed CMF crossover days on the May 22 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.41 occurring on the May 22 2018.

MACD Volume /
The Volume MACD continues to fall below the signal line for BSL [Bearish]

BSL: Volume MACD Recent Trading -> (1) 20 Jul: -41094 (2) 19 Jul: -41250 (3) 18 Jul: -71511

Confirmation of Bluescope Steel is currently being distributed via DVI
Daily Volume Index /
Confirmation of Bluescope Steel is currently being distributed via DVI

BSL: DVI Current Signal -> (1) 20 Jul: BEARISH (2) 19 Jul: BEARISH (3) 18 Jul: BEARISH

Bluescope Steel: Range Performance (-18.3)
Range Tod Vs Range Yest /
Bluescope Steel: Range Performance (-18.3)

BSL: Range today versus range yesterday Current Signal ->(1) 20 Jul: BULLISH (2) 19 Jul: BEARISH (3) 18 Jul: BEARISH

Pivot Points /
Bluescope Steel has moved above the R1 pivot point ($18.916) [Bullish]

Bluescope Steel has broken the first resistance point ($18.916) [Bullish]. Look for a long limit order entry near this point. Exit price for BSL should be set @$19.003 & Stoploss for Bluescope Steel should be set between $18.513 & $18.426

Aroon Oscillator /
Bluescope Steel has signalled an Aroon trend present [Uptrend]

[BULLISH]: Bluescope Steel has a current ARO(25) of 32. This has change 0 points from yesterday.

On Balance Volume /
Bluescope Steel: Current trading activity signals OBV accumulation is present

[BULLISH]: Bluescope Steel current price has highlighted recent accumulation. Currently, the OBV is 1.1302e+007.

Exponential Moving Average(5) signal continues for Bluescope Steel indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Bluescope Steel indicating upward price movement is likely

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.8%.

Bluescope Steel: Closing price $18.83 is above the WMA(5) @$18.491
Weighted Moving Average /
Bluescope Steel: Closing price $18.83 is above the WMA(5) @$18.491

BSL: WMA Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH CROSSOVER (3) 18 Jul: BEARISH

Bluescope Steel: MACD @0.1407 [Bullish]
MACD /
Bluescope Steel: MACD @0.1407 [Bullish]

[BULLISH]: Bluescope Steel currently has positive MACD of 0.1407. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 4.7%.

Two White Soldiers /
Bluescope Steel: Two White Soldiers

[BULLISH]: Bluescope Steel has formed a new Two White Soldiers pattern.

Woodie Pivot Point /
Woodie pivot point for BSL is bullish. Stoploss should be positioned @$18.531

Bluescope Steel has broken the first Woodie resistance point ($18.952) [Bullish]. Look for a long limit order entry near this point. Exit price for BSL should be set @$19.021 & Stoploss for Bluescope Steel should be set at $18.531

Average True Range /
Bluescope Steel: Average True Range (0.473) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Bluescope Steel has a TR of 0.345, and an ATR(14) of 0.473.

Short Trend /
Daily bar has again closed the day with an Uptrend for BSL

BSL: Daily Trend Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BEARISH CONFIRM

Simple Moving Average(5) signal continues for Bluescope Steel indicating upward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for Bluescope Steel indicating upward price movement is likely

[BULLISH]: Bluescope Steel currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.8%.

5-day momentum is increasing for Bluescope Steel
Momentum /
5-day momentum is increasing for Bluescope Steel

[BULLISH]: Bluescope Steel currently has positive momentum of 0.34. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.8%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 6.9%.

Accumulation / Distribution /
Recent trading signals Bluescope Steel is being distributed

BSL: ADLINE Recent Trading -> (1) 20 Jul: -1.46243e+007 (2) 19 Jul: -1.61897e+007 (3) 18 Jul: -1.6049e+007

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