ASB.AX (ASX)

ASB.AX ASX

Austal

SELL

4.3800

Prev.Close

4.4700

Change

-0.0900

Change%

-2.01%

BEARISH DESCENDING HAWK

Sold at

4.3950

Open

4.4400

High

4.4700

Low

4.3100

4.3800

Gain%

-0.34%

Signal History

Date	Price	Signal	Change%		AUD100⇨
19/06	4.3950	SELL	-0.3%		110
12/06	4.0300	BUY	+9.1%	✔	101
03/06	3.9000	SHORT	+3.3%	❌	105
26/05	3.9200	BUY	-0.5%	❌	106
14/05	4.1350	SHORT	-5.2%	✔	101
11/05	4.1700	BUY	-0.8%	❌	102
28/04	4.4700	SHORT	-6.7%	✔	96
22/04	4.6400	BUY	-3.7%	❌	100
01/04	4.7600	SHORT	-2.5%	✔	98
25/03	4.9000	BUY	-2.9%	❌	101
24/03	4.7200	SHORT	+3.8%	❌	106
18/03	4.9500	BUY	-4.6%	❌	111
05/03	5.1300	SHORT	-3.5%	✔	108
02/03	5.2900	BUY	-3.0%	❌	112
25/02	5.0800	SHORT	+4.1%	❌	117
17/02	5.8400	BUY	-13.0%	❌	135
12/02	6.3100	SHORT	-7.4%	✔	126
10/02	6.3000	BUY	+0.2%	✔	127
19/01	8.6300	SELL	-27.0%	✔	127
02/01	6.7800	BUY	+27.3%	✔ 👍	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Today's recommendation from our system is to SELL. The BEARISH DESCENDING HAWK pattern has finally received confirmation because the prices crossed below the confirmation level at 4.4250, and our valid average selling price now stands at 4.3950. The previous BUY signal was issued on 12/06/2026, 7 days ago, when the stock price was 4.0300. Since then, ASB.AX has risen by +9.06%.

Market Outlook

We may be at a market top or at the beginning of a correction. The market has lost momentum, and traders are now more aligned in their bearish outlook. The compelling evidence suggests it's prudent to consider closing long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to act on the signal, and then you can begin evaluating other securities for a potential bullish bet.

Pattern Description

This pattern features a small white candlestick enclosed within a preceding, relatively longer white candlestick. It resembles the Harami pattern, but with both candlesticks being white. more...

Date	Price	Signal	Change%		AUD100⇨
19/06	4.3950	SELL	-0.3%		355
12/06	4.0300	BUY	+9.1%	✔	327
03/06	3.9000	SHORT	+3.3%	❌	339
26/05	3.9200	BUY	-0.5%	❌	342
14/05	4.1350	SHORT	-5.2%	✔	327
11/05	4.1700	BUY	-0.8%	❌	331
28/04	4.4700	SHORT	-6.7%	✔	311
22/04	4.6400	BUY	-3.7%	❌	324
01/04	4.7600	SHORT	-2.5%	✔	318
25/03	4.9000	BUY	-2.9%	❌	328
24/03	4.7200	SHORT	+3.8%	❌	343
18/03	4.9500	BUY	-4.6%	❌	361
05/03	5.1300	SHORT	-3.5%	✔	350
02/03	5.2900	BUY	-3.0%	❌	362
25/02	5.0800	SHORT	+4.1%	❌	380
17/02	5.8400	BUY	-13.0%	❌	438
12/02	6.3100	SHORT	-7.4%	✔	409
10/02	6.3000	BUY	+0.2%	✔	410
19/01	8.6300	SELL	-27.0%	✔	411
02/01	6.7800	BUY	+27.3%	✔ 👍	324
29/12	6.7900	SELL	-0.1%	✔	324
16/12	6.5900	BUY	+3.0%	✔	315
08/12	6.4400	SELL	+2.3%	❌	316
04/12	6.6400	BUY	-3.0%	❌	326
27/11	6.5500	SHORT	+1.4%	❌	332
24/11	6.6800	BUY	-1.9%	❌	340
19/11	6.5000	SHORT	+2.8%	❌	351
17/11	6.7600	BUY	-3.8%	❌	367
31/10	6.7900	SHORT	-0.4%	✔	367
27/10	7.1800	BUY	-5.4%	❌	389
10/10	7.6200	SHORT	-5.8%	✔	370
23/09	7.4700	BUY	+2.0%	✔	364
11/09	8.2000	SELL	-8.9%	✔	365
03/09	7.6500	BUY	+7.2%	✔	341
28/08	6.9200	SELL	+10.5%	❌	341
22/08	6.7200	BUY	+3.0%	✔	332
20/08	6.6000	SHORT	+1.8%	❌	340
18/08	6.8000	BUY	-2.9%	❌	351
08/08	7.1600	SELL	-5.0%	✔	352
06/08	7.1400	BUY	+0.3%	✔	352