Technical Analysis for BSL - BlueScope Steel Limited  

Grade Last Price % Change Price Change
C 21.705 1.71% 0.365
BSL closed up 0.38 percent on Friday, May 17, 2024, on 66 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish 1.71%
NR7 Range Contraction 1.71%
Oversold Stochastic Weakness 1.71%
200 DMA Resistance Bearish 2.09%
Boomer Sell Setup Bearish Swing Setup 2.09%
Lower Bollinger Band Walk Weakness 2.09%
Gapped Up Strength 2.09%
Oversold Stochastic Weakness 2.09%
Fell Below 200 DMA Bearish 2.43%
Jack-in-the-Box Bearish Bearish Swing Setup 2.43%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 2 hours ago
Up 1% about 2 hours ago
Possible NR7 3 days ago
Rose Above 200 DMA 3 days ago
Boomer Sell Entry 3 days ago

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Profile

BlueScope Steel Limited   Description

BlueScope Steel Limited is a steel manufacturing company. The Company offers metal coated and painted steel building products, and is also a supplier of engineered building solutions (EBS) to industrial and commercial markets. The Company's segments include Australian Steel Products, which produces and markets a range of coated and painted flat steel products, as well as various commodity flat steel products; New Zealand & Pacific Steel, which includes the New Zealand Steel, Pacific Steel, New Zealand Minerals and BlueScope Pacific Islands business areas; BlueScope Buildings, which provides EBS and includes its metal coating, painting and Lysaght operations in China; Building Products ASEAN, North America & India, which is involved in metallic coating, painting and steel building product operations, among others, and Hot Rolled Products North America, which includes North Star BlueScope Steel, a single site electric arc furnace producer of hot rolled coil.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Metal Minerals Oil Manufacturing Building Steel Building Materials Commodity Building Products Coating Paint Scope

Is BSL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 24.255
52 Week Low 17.0405
Average Volume 1,360,987
200-Day Moving Average 21.262
50-Day Moving Average 22.731
20-Day Moving Average 22.298
10-Day Moving Average 21.912
Average True Range 0.437
RSI (14) 30.56
ADX 32.6
+DI 11.239
-DI 36.277
Chandelier Exit (Long, 3 ATRs) 22.438
Chandelier Exit (Short, 3 ATRs) 22.492
Upper Bollinger Bands 23.482
Lower Bollinger Band 21.113
Percent B (%b) 0.1
BandWidth 10.627
MACD Line -0.452
MACD Signal Line -0.307
MACD Histogram -0.1449
Fundamentals Value
Market Cap 10.75 Billion
Num Shares 504 Million
EPS 0.19
Price-to-Earnings (P/E) Ratio 112.91
Price-to-Sales 0.79
Price-to-Book 1.34
PEG Ratio 0.00
Dividend 0.14
Dividend Yield 0.66%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.730
Resistance 3 (R3) 21.723 21.587 21.665
Resistance 2 (R2) 21.587 21.487 21.590 21.643
Resistance 1 (R1) 21.463 21.426 21.525 21.470 21.622
Pivot Point 21.327 21.327 21.358 21.330 21.327
Support 1 (S1) 21.203 21.227 21.265 21.210 21.058
Support 2 (S2) 21.067 21.166 21.070 21.037
Support 3 (S3) 20.943 21.067 21.015
Support 4 (S4) 20.950