CAR | Australian Securities Exchange

Carsales
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Price is currently below the displaced moving average for CAR [Bearish]
Detrended Price Oscillator /
Price is currently below the displaced moving average for CAR [Bearish]

[BEARISH]: Carsales currently has a confirmed downtrend. Price is currently below the displaced moving average for CAR. Currently, the return on DPO20 is 1.3%.

CAR.AX: Current trading activity signals DVI accumulation has commenced
Daily Volume Index /
CAR.AX: Current trading activity signals DVI accumulation has commenced

[BULLISH CROSSOVER]: Carsales current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 868.

Fibonacci Extensions /
Carsales: Look for a short limit order entry @$1.73

Carsales has moved above the 161.8% level ($1.73) [Bearish]. Look for a short limit order entry near this point. Exit price for CAR should be set @$2.2 & short position stoploss for Carsales should be set at $1.26

Medium Trend /
CAR: Medium term trend is still an Downtrend

CAR: Medium Term Current Signal -> (1) 21 Sep: BEARISH (2) 20 Sep: BEARISH CONFIRM (3) 19 Sep: BULLISH

Triangular Moving Average /
Triangular Moving Average(15) signal continues for Carsales indicating downward price movement is likely

[BEARISH]: Carsales 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 1.3%.

On Balance Volume /
Market conditions are indicating OBV accumulation is current for CAR.AX

CAR: OBV Current Signal ->(1) 21 Sep: BULLISH CROSSOVER (2) 20 Sep: BEARISH CROSSOVER (3) 19 Sep: BULLISH CROSSOVER

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

[BULLISH]: Carsales (ASX:CAR) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -177. The bullish signal has been active for 2 days. During the quarter, the lowest CCI value was -268.

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

[BULLISH]: Carsales opened in the middle part of daily range at 36.4% & closed in the upper part of the trading range at 95.5%. This suggests the buyers have taken control. Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 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 6.7%.

Carsales has moved above the R1 DeMark pivot point ($14.685) [Bullish]
Demarks Pivot Points /
Carsales has moved above the R1 DeMark pivot point ($14.685) [Bullish]

Carsales has broken the first DeMark resistance point ($14.6850) [Bullish]. Look for a long limit order entry near this point. Exit price for CAR should be set @$15.01 & Stoploss for Carsales should be set at $14.57

A Piercing Pattern (Bullish) candlestick pattern has been detected for Carsales (CAR).
Piercing /
A Piercing Pattern (Bullish) candlestick pattern has been detected for Carsales (CAR).

[BULLISH]: Carsales has formed a new Bullish Piercing reversal pattern. This means, CAR has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

Donchian Channels /
Upper Donchian Band Overbought signal had been maintained for Carsales

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

Average Directional Movement /
[Weak Trend]: Average Directional Index (22.25) weak trend has been confirmed for CAR

CAR: Average Directional Index Current Signal -> (1) 21 Sep: TREND WEAK (2) 20 Sep: TREND WEAK (3) 19 Sep: TREND WEAK

Rate of Change /
Negative ROC for Carsales is a leading indicator for continued price fall

[BEARISH]: Carsales currently has negative rate of change of -5.559%. 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

The biggest price range this month for CAR has been $1.5000
Range Tod Vs Range Yest /
The biggest price range this month for CAR has been $1.5000

CAR: Range today versus range yesterday Current Signal ->(1) 21 Sep: BEARISH (2) 20 Sep: BULLISH (3) 19 Sep: BEARISH

Accumulation / Distribution /
Carsales: Current trading activity signals distribution is present

[BEARISH]: Carsales (ASX:CAR) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -6.06247e+006.

Short Trend /
CAR: Short term trend is still an Downtrend

[BEARISH]: Carsales is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

White Candle /
CAR Basic Candle: White

[BULLISH]: Carsales has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Price continues to trade below the Exponential Moving Average(15) for CAR
Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(15) for CAR

[BEARISH]: Carsales 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 1.3%.

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

Carsales Currently is a confirmed Fake Day. MFI indicator is up, volume is down for CAR. Trend continuation possible for CAR from reduced trading activity.

Carsales: Positive divergence confirmed from CMF Crossover
Chaikin Money Flow /
Carsales: Positive divergence confirmed from CMF Crossover

[BULLISH CROSSOVER]: Carsales current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.07. During the quarter, the highest CMF value was 0.13 occurring on the Sep 21 2018.

Aroon Oscillator /
Carsales has signalled an Aroon trend present [Strong Downtrend]

[BEARISH]: Carsales has a current ARO(25) of -88. This has change -88 points from yesterday.

Ulcer Index /
Ulcer index has reduced in stress level for Carsales & low drawdown is expected

[BEARISH]: Carsales UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.808.

MACD Volume /
Volume MACD oscillator is now negative for CAR

CAR: Volume MACD Current Signal -> (1) 21 Sep: BEARISH CROSSOVER (2) 20 Sep: BULLISH (3) 19 Sep: BEARISH CROSSOVER

Simple Moving Average /
[Bearish]: Trend following indicator for CAR highlights downward price direction is likely

[BEARISH]: Carsales currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 1.3%.

Momentum continues to reduce for Carsales signalling a short term downtrend is likely
Momentum /
Momentum continues to reduce for Carsales signalling a short term downtrend is likely

CAR: MOM Recent Trading -> (1) 21 Sep: -0.87 (2) 20 Sep: -0.91 (3) 19 Sep: -0.22

Selling pressure for CAR highlights ability of sellers to drive the price downwards
Elder Ray Index /
Selling pressure for CAR highlights ability of sellers to drive the price downwards

[BEARISH]: Carsales Elder Ray Index is signalling a Bearish movementERI is -0.672 indicating bear power. Prices are being driven below the consensus of value for CAR during the last trading session [Selling Pressure]

Close Tod Vs Close Yest /
Closing price for CAR ($14.78) signals buyers are now keener than sellers

[BULLISH]: Carsalesbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for CAR adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.8 & the greatest daily positive change this year has been 5239.3. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 5240.7%. This quarter, the largest upswing rally has been 8 days giving a total rally upward movement of 5240.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 0.700000%

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