CLV.AX awaits for bearish confirmation
2018.06.19 TA Report
Aussie Market Buy/Sell ratio = 0.40
Buys: 260 (12.6%)
Sells: 653 (31.7%)
Hold: 1148 (55.7%)
Let's see previous 5 days relative timing values by VectorVest on this stock:
19-Jun = 1.90
18-Jun = 1.84
15-Jun = 1.86
14-Jun = 1.88
13-Jun = 1.87
CLV.AX has a current Value of $1.41 per share, which is overvalued compared to its Price of $1.69 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
RT analyzes a stock's price trend. CLV.AX has a Relative Timing of 1.90, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
As RT hits close to 2.00, we considered CLV.AX is overbought atm. For a longer run, Midas Touch graph still look very well.
Let’s have a look on the technical analysis for more information:
Bearish Evening Star Alert
The Bearish Evening Star starts with a white candlestick and it should continue with a short candlestick (white or black) that opens with a gap up. We are waiting to see if there is a black candlestick appearing today should open at or lower than the highest level of the body of the second candlestick, and it should close well into the white candlestick that appears at the beginning of the pattern.
Today’s insights
We are waiting for confirmation for the above alert, possible retracement at Fib Ret 23.6% ($1.445). On the other hand, Ichimoku analysis found support at $1.455 (Kijun-sen)
Aussie Market Buy/Sell ratio = 0.40
Buys: 260 (12.6%)
Sells: 653 (31.7%)
Hold: 1148 (55.7%)
Let's see previous 5 days relative timing values by VectorVest on this stock:
19-Jun = 1.90
18-Jun = 1.84
15-Jun = 1.86
14-Jun = 1.88
13-Jun = 1.87
CLV.AX has a current Value of $1.41 per share, which is overvalued compared to its Price of $1.69 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
RT analyzes a stock's price trend. CLV.AX has a Relative Timing of 1.90, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
As RT hits close to 2.00, we considered CLV.AX is overbought atm. For a longer run, Midas Touch graph still look very well.
Let’s have a look on the technical analysis for more information:
Bearish Evening Star Alert
The Bearish Evening Star starts with a white candlestick and it should continue with a short candlestick (white or black) that opens with a gap up. We are waiting to see if there is a black candlestick appearing today should open at or lower than the highest level of the body of the second candlestick, and it should close well into the white candlestick that appears at the beginning of the pattern.
Today’s insights
We are waiting for confirmation for the above alert, possible retracement at Fib Ret 23.6% ($1.445). On the other hand, Ichimoku analysis found support at $1.455 (Kijun-sen)
Comment:
Today's open price higher, therefore no bearish movement, but the current price is close to trend line resistance.