BWP Trust (ASX:BWP) Possible Correction to 3.57

BWP Trust (ASX:BWP) Possible Correction to 3.57

BWP Trust (ASX:BWP) Possible Correction to 3.57

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 3.57.

The projected upper bound is: 3.47.

The projected lower bound is: 3.16.

The projected closing price is: 3.31.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 6 black candles for a net of 3 black candles. During the past 50 bars, there have been 25 white candles and 23 black candles for a net of 2 white candles.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 40.2878. This is not an overbought or oversold reading. The last signal was a buy 11 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 25.45. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 65 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -361.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 1 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 16 period(s) ago.

Rex Takasugi – TD Profile

BWP TRUST ORD UN closed down -0.240 at 3.320. Volume was 276% above average (trending) and Bollinger Bands were 137% wider than normal.

Open High Low Close Volume___
3.390 3.390 3.110 3.320 4,877,379

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 3.54 3.67 3.40
Volatility: 42 28 24
Volume: 1,642,186 1,373,959 1,365,907

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


BWP TRUST ORD UN gapped down today (bearish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
BWP TRUST ORD UN is currently 2.4% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of BWP.AX (mildly bearish). Our trend forecasting oscillators are currently bearish on BWP.AX and have had this outlook for the last 13 periods. Our momentum oscillator is currently indicating that BWP.AX is currently in an oversold condition.


BWP Trust is an Australia-based real estate investment trust. The Trust is engaged in investing and managing commercial properties throughout Australia. Its properties are Bunnings Warehouses, which are leased to Bunnings Group Limited (Bunnings). Bunnings is a retailer of home improvement and outdoor living products in Australia and New Zealand, and a supplier to project builders, commercial trades people and the housing industry. The Trust owns over 70 Bunnings warehouses, eight of which have adjacent retail showrooms that the Trust owns and are leased to other retailers, a fully leased standalone showroom property and a leased industrial property. The Trust’s source of income is the rent paid by Bunnings and other customers for leasing their respective premises from the Trust. The Trust has a total land area of over 250 hectares. The Trust is managed by BWP Management Limited, which is appointed under the Trust’s constitution.
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