"Why can’t it be on a daily view of trading?"
Because it just moved up more than 25% in the past 5 days, it's sitting on the top BB on a daily time frame. The chart you've posted there I believe is a 5 minute time frame.
Overbought/oversold are pretty meaningless terms in reality, DRO was overbought weeks ago and just kept going .. until it didn't lol. Look at that chart on the same 5 minute timeframe for today, the BBs just keep following price, they don't mean anything, they turn up AFTER the price does so any signal from them is lagging
CU6 - ASX Charts, page-730
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 (20min delay)
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Last
$6.97 |
Change
-0.150(2.11%) |
Mkt cap ! $2.228B | |||
| Open | High | Low | Value | Volume |
| $7.01 | $7.14 | $6.76 | $12.67M | 1.830M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 27392 | $6.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.99 | 1432 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |