Technical Analysis for BSL - BlueScope Steel Limited  

Grade Last Price % Change Price Change
C 21.390 0.33% 0.070
BSL closed down 1.71 percent on Tuesday, May 14, 2024, on 1.16 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. 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
Expansion Breakdown Bearish Swing Setup 0.33%
200 DMA Support Bullish 0.33%
Lower Bollinger Band Walk Weakness 0.33%
Below Lower BB Weakness 0.33%
Down 3 Days in a Row Weakness 0.33%
Down 4 Days in a Row Weakness 0.33%
Lower Bollinger Band Touch Weakness 0.33%
Oversold Stochastic Weakness 0.33%
New Downtrend Bearish -1.38%
Stochastic Reached Oversold Weakness -1.38%

   Recent Intraday Alerts

Alert Time
Rose Above Lower Bollinger Band about 3 hours ago
Down 1 ATR about 23 hours ago
200 DMA Support about 23 hours ago
Down 2% about 24 hours ago
Fell Below 200 DMA about 24 hours 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 1,391,093
200-Day Moving Average 21.264
50-Day Moving Average 22.784
20-Day Moving Average 22.650
10-Day Moving Average 22.240
Average True Range 0.475
RSI (14) 28.06
ADX 27.67
+DI 12.920
-DI 41.144
Chandelier Exit (Long, 3 ATRs) 22.635
Chandelier Exit (Short, 3 ATRs) 22.605
Upper Bollinger Bands 23.793
Lower Bollinger Band 21.507
Percent B (%b) -0.08
BandWidth 10.089
MACD Line -0.335
MACD Signal Line -0.188
MACD Histogram -0.1466
Fundamentals Value
Market Cap 10.74 Billion
Num Shares 504 Million
EPS 0.19
Price-to-Earnings (P/E) Ratio 112.80
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) 22.370
Resistance 3 (R3) 22.440 22.160 22.195
Resistance 2 (R2) 22.160 21.893 22.125 22.137
Resistance 1 (R1) 21.740 21.727 21.600 21.670 22.078
Pivot Point 21.460 21.460 21.390 21.425 21.460
Support 1 (S1) 21.040 21.193 20.900 20.970 20.562
Support 2 (S2) 20.760 21.027 20.725 20.503
Support 3 (S3) 20.340 20.760 20.445
Support 4 (S4) 20.270