Challenger Financial Services

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[Short]: Exit price for CGF should be set @$6.295

Challenger Financial Services has broken the first DeMark support point ($6.4875) [Bearish]. Look for a short limit order entry near this point. Exit price for CGF should be set @$6.2950 & short position stoploss for Challenger Financial Services should be set at $6.555

Challenger Financial Services : Over the last 12 months there has been 3 trading days giving a confirmation ratio of 1.1%.

[BEARISH STRONG]: Challenger Financial Services opened in the upper part of daily range at 73.1% & closed in the lower part of the trading range at 3.8%. This suggests the sellers were in control all day. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 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 25%.

Over the last month the average daily loss ratio has been -4.000000%

Over the last month the average daily loss ratio has been -4.000000%

[BEARISH]: Challenger Financial Services sellers are keener than buyers and are driving the price down. This is the first day of price decline for CGF adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -9.0 & the greatest daily negative change this year has been -17.1. The longest consecutive downswing rally over the last 12 months has been 9 days giving a total rally downward movement of -22.4%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -22.4%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.2x. Over the last month the average daily downward movement has been -4.000000%

[BEARISH]: Challenger Financial Services currently has negative MACD of -0.2331. This means the signal line is less than the MACD line signalling a bearish movement.

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