DEXUS Property Group (ASX:DXS) Downward Trend

DEXUS Property Group (ASX:DXS) Downward Trend

DEXUS Property Group (ASX:DXS) Downward Trend

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 10.04.

The projected lower bound is: 9.44.

The projected closing price is: 9.74.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 9 white candles and 1 black candles for a net of 8 white candles. During the past 50 bars, there have been 31 white candles and 18 black candles for a net of 13 white candles.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

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 93.4783. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 10 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 60.58. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 18 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 166.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 5 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 buy 1 period(s) ago.

Rex Takasugi – TD Profile

DEXUS PROP STAP closed down -0.030 at 9.720. Volume was 37% below average (neutral) and Bollinger Bands were 17% narrower than normal.

Open High Low Close Volume___
9.690 9.745 9.660 9.720 2,009,202

Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 9.54 9.40 8.26
Volatility: 17 20 25
Volume: 2,361,032 2,846,001 3,078,697

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.


DEXUS PROP STAP is currently 17.6% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of DXS.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on DXS.AX and have had this outlook for the last 10 periods.


DEXUS Property Group is a real estate investment trust. The Company invests in, develops, manages and trades Australian office and industrial properties. It owns, manages and develops real estate assets and manages real estate funds on behalf of third party investors. Its operating segments include office, which includes office space with any associated retail space, as well as car parks and office developments in Australia and New Zealand; industrial, which includes domestic industrial properties, industrial estates and industrial developments; property management, which includes property management services for third party clients and owned assets; funds management, which includes funds management of third party client assets; development and trading, which includes revenue earned and costs incurred by it on developments and inventory, and all other segments. It also transacts, develops, and manages Australian office, industrial and retail property on behalf of third party clients.

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