This is the first day of seller commitment for Reliance Worldwide Corporation adding strength to an downtrend in the first timeframe

[BEARISH]: Reliance Worldwide Corporation sellers in control. This is the first day of seller commitment for Reliance Worldwide Corporation adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 18.8%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 2 days in the upper range giving a ratio of 1.5x.

Open/close reversal confirmed for Cardno signalling the buyers have lost commitment

Open/close reversal confirmed for Cardno signalling the buyers have lost commitment

[BULLISH WEAK]: Cardno opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 66.7%. This suggests the buyers have lost commitment. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 6.3%.

Load More
back to top