Technical analysis from ASF (AFA.AX.AX, ASX:AFA.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

ASF
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AFA Basic Candle: White Marubozu
White Marubozu /
AFA Basic Candle: White Marubozu

[BULLISH]: ASF has formed a White Marubozu candlestick. This means, AFA has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Negative ROC: Price is trading lower for ASF than 14 days ago
Rate of Change /
Negative ROC: Price is trading lower for ASF than 14 days ago

[BEARISH]: ASF currently has negative rate of change of -2.9%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Woodie Pivot Point /
ASF has broken the first Woodie support point ($0.168) [Bearish]

ASF has broken the first Woodie support point ($0.168) [Bearish]. Look for a short limit order entry near this point. Exit price for AFA should be set @$0.164 & short position stoploss for ASF should be set at $0.174

Chaikin Money Flow /
ASF continues positive divergence & potential shift in direction

[BULLISH]: ASF current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.41. The bullish signal has been active for 3 days. During the quarter, the highest CMF value was 0.46

Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-48) for ASF

AFA: Aroon Oscillator Current Signal -> (1) 21 Feb: BEARISH (2) 20 Feb: BEARISH (3) 19 Feb: BEARISH

Money Flow Index /
ASF is no longer oversold

AFA: MFI Current Signal -> (1) 21 Feb: BULLISH CROSSUNDER (2) 20 Feb: BEARISH (3) 19 Feb: BEARISH CROSSOVER

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Detrended Price Oscillator /
ASF: Detrended Price Oscillator(20) (0.0017)

[BULLISH]: ASF currently has a confirmed uptrend. Price is currently above the displaced moving average for AFACurrently, the return on DPO20 is 0%.

ASF has moved below the 161.8% extension level ($5.07) [Bullish]
Fibonacci Extensions /
ASF has moved below the 161.8% extension level ($5.07) [Bullish]

ASF has moved below the 161.8% level ($5.07) [Bullish]. Look for a long limit order entry near this point. Exit price for AFA should be set @$5.28 & Stoploss for ASF should be set at $4.86

Price continues to trade above the Triangular Moving Average(5) for AFA
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for AFA

[BULLISH]: ASF currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0%.

Close Tod Vs Range Tod /
ASF: Close versus price range (100%.)

AFA: Close versus price range Current Signal ->(1) 21 Feb: NEUTRAL (2) 20 Feb: NEUTRAL (3) 19 Feb: NEUTRAL

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for AFA

[BULLISH]: ASF currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0%.

On Balance Volume /
AFA: Current trading activity signals OBV accumulation is active

[BULLISH]: ASF current price has highlighted recent accumulation. Currently, the OBV is 328749.

ASF: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
ASF: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: ASF current price has highlighted recent buying pressure. Currently, the Elders Force Index is 8.

ASF: Daily opening performance is 3.1 % [Downntrend]
Opening Price /
ASF: Daily opening performance is 3.1 % [Downntrend]

[BEARISH]: ASF opening price has gapped down. Currently, the OPEN is $0.165 (3.1 %).

Closing Price /
ASF: Closing price is $0.17 (0 %)

AFA: CLOSE Current Signal -> (1) 21 Feb: NEUTRAL (2) 20 Feb: NEUTRAL (3) 19 Feb: NEUTRAL

Volume /
[Bullish]: New volume high has formed for AFA by 50 during the last trading session

[BULLISH]: ASF current volume uptrend in the first timeframe. Volume for AFA is30000 (50).

Ulcer Index /
Drawdown for ASF is currently high signalling high stress

[BULLISH]: ASF UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.343.

ASF: MACD oscillator (0.001000)
MACD /
ASF: MACD oscillator (0.001000)

AFA: MACD Current Signal -> (1) 21 Feb: BULLISH (2) 20 Feb: BULLISH (3) 19 Feb: BULLISH

Strong price performance from AFA has seen a higher high of 0 % [Uptrend]
High Price /
Strong price performance from AFA has seen a higher high of 0 % [Uptrend]

AFA: HIGH Current Signal -> (1) 21 Feb: NEUTRAL (2) 20 Feb: NEUTRAL (3) 19 Feb: NEUTRAL

ASF: Range Performance (-50)
Range Tod Vs Range Yest /
ASF: Range Performance (-50)

[WEAK BEARISH]: ASFbuyers are becoming less eager. This is the first day buyers have decreased eagerness for AFA reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.015 & the greatest daily price range this year has been $0.015. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 1x.

MACD Volume /
Volume MACD oscillator remains positive for AFA

[BULLISH]: ASF currently has positive Volume MACD of 2811. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Average Directional Movement /
Average Directional Index for ASF has signalled a very strong trend is active

[Stong Trend]: ADX for AFA has confirmed a very strong trend is presentASF has an ATR(14) of 0.007, a DX of 47.76 & an ADX(14) of 57.06

Moving Average Envelope /
Oversold signal continues for ASF indicating upward price movement is likely

[BULLISH]: ASF current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.1615.

[Buying Pressure]: ERI has increased for ASF during the last trading session
Elder Ray Index /
[Buying Pressure]: ERI has increased for ASF during the last trading session

[BULLISH]: ASFElder Ray Index is signalling a Bullish movementERI is 0.002 indicating bull power. Prices are being driven above the consensus of value for AFA during the last trading session [Buying Pressure]

ASF: Confirmation of stock accumulation
Accumulation / Distribution /
ASF: Confirmation of stock accumulation

[BULLISH]: ASF current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Medium Trend /
Daily trading has maintained an Uptrend medium trend for ASF

[BULLISH]: ASF has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 8 2018.

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