Candlestick Analysis
Price Action- Uptrend: The stock experienced a strong uptrend from October to May, reaching a peak around 20.
- Recent Decline: The price has recently declined to around 16, indicating a potential correction or bearish phase.
CandlestickPatterns
- June/July Reversal: There appears to be a bearish reversal pattern around the peak in June. The large red candlesticks indicate strong selling pressure.
- Support Levels: The current price seems to be approaching a previous support level around 14-16, where the price had consolidated in April.
Moving Averages
- The moving averages (short, medium, and long-term) are currently showing a bearish crossover, which typically indicates a downtrend.
- The short-term moving average has crossed below the medium and long-term averages, confirming the bearish sentiment.
Volume
- Volume analysis indicates that trading activity has decreased recently, which could suggest a lack of strong buying interest.
- There were volume spikes during the uptrend, showing significant trading activity, but recent volume is relatively low.
Momentum (24)
- Momentum peaked in early 2024 and has been declining since then.
- Current momentum is relatively low, indicating a lack of strong upward force.
Relative StrengthIndex (RSI) (14)
- The RSI has declined from overbought levels (above 70) and is currently around 40.
- An RSI of 40 does not indicate oversold conditions, suggesting there might still be room for further decline before a potential reversal.
Conclusion andRecommendation
- Bearish Sentiment: The combination of a bearish moving average crossover, declining momentum, and a neutral RSI indicates that the stock is currently in a bearish phase.
- Not a Buy: It may be prudent to wait for more signs of reversal before considering a buy. These signs could include an RSI moving into oversold territory (below 30) and starting to rise, a bullish candlestick pattern (e.g., a hammer), or a bullish crossover in moving averages.
- Watch for Support Levels: Monitor the support levels around 14-16 closely. If the stock stabilizes or shows bullish patterns at these levels, it could indicate a potential buying opportunity.
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Last
$15.27 |
Change
-1.030(6.32%) |
Mkt cap ! $1.034B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.39 | $15.21 | $3.117M | 197.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 108 | $15.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.27 | 7841 | 1 |
View Market Depth
| Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
| WA1 (ASX) Chart |