Carsales

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CMF showing selling pressure & potential change in direction for CAR.AX

[BEARISH]: Carsales current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.19. Carsales (ASX:CAR) received a confirmed CMF crossover days on the May 27 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.28 occurring on the May 27 2019.

CAR: Over the last 12 months there has been 2 trading days giving a confirmation ratio of 0.8%.

[BULLISH STRONG]: Carsales opened in the lower part of daily range at 25% & closed in the upper part of the trading range at 93.2%. This suggests the buyers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 16.7%.

The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 6007%

The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 6007%

[BULLISH]: Carsalesbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for CAR adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.5 & the greatest daily positive change this year has been 6004.5. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 6007%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 6007%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 2.5x. Over the last month the average daily upward movement has been 1.800000%

Expanding price range of 100.0% on an uptick day for Carsales

Expanding price range of 100.0% on an uptick day for Carsales

[BULLISH]: Carsales buyers are increasingly eager. There has been 2 consecutive days of range increase for CAR adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.3600 & the greatest daily price range this year has been $3.4700. 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 0.4x.

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