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BELLAMY'S AUSTRALIA LIMITED (BAL.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 18 Jan 2017NoneBearish EngulfingFri, 11 Nov 2016-63.26%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
4.03 0.00 (0%) Jan 18 8:10am AEST
Open: 4.10 Range: 4.00 - 4.12 Vol: 2.06M Avg Vol: 1.47M
EPS: 0.39 P/E ratio: 10.44 EBITDA: 54.04M Mkt Cap: 389.52M
Analyze "BAL.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 4.14
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 5.98
Last Trade is below the 50 day moving average at 7.92
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 10.83
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of BAL.AX

Stock Trend Analysis - Buy, Sell or Hold "BELLAMY'S AUSTRALIA LIMITED" (BAL.AX)?

BAL.AX is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that BAL.AX has been range bound with a slight upward bias, having traded above the 200 SMA about 72% of the time. The medium term trend for BAL.AX is extremely bearish and weak, having traded almost 83% of the time below the 50 day moving average. The 20 day moving average is indicating range bound trading, also with a bearish bias. Objectively, as long as BAL.AX is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 10.83. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "BAL.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 18 Jan 2017
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