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

Australian Foundation
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Limit order for a long position has been identified for Australian Foundation [Bullish]
Pivot Points /
Limit order for a long position has been identified for Australian Foundation [Bullish]

Australian Foundation has broken the first resistance point ($6.024) [Bullish]. Look for a long limit order entry near this point. Exit price for AFI should be set @$6.057 & Stoploss for Australian Foundation should be set between $5.957 & $5.924

Stochastic Oversold signal is still current for Australian Foundation [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for Australian Foundation [Bullish]

[BULLISH]: Australian Foundation is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Black Marubozu /
AFI Basic Candle: Black Marubozu

[BEARISH]: Australian Foundation has formed a Black Marubozu candlestick. This means, AFI has received strong selling confidence and downward 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.

Ease of Movement /
Australian Foundation was difficult to move downward due to high volume in recent trading [Bearish]

AFI: EOM Current Signal -> (1) 19 Apr: BEARISH HARD (2) 18 Apr: BULLISH HARD (3) 17 Apr: BULLISH HARD

Bear Belt-Hold /
Australian Foundation: Bear Belt-Hold

[BEARISH]: Australian Foundation has formed a new Bear Belt-Hold reversal pattern.

Opening Price /
[Bullish]: Opening performance for AFI of 0.3000000000000000 % was achieved in last trading session

[BULLISH]: Australian Foundation opening price has gapped up. Currently, the OPEN is $6.04 (0.3000000000000000 %).

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Accumulation / Distribution /
Distribution still active for Australian Foundation

[BEARISH]: Australian Foundation current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -4.46427e+006. day.

Australian Foundation has failed to achieve a lower low of $5.99 (-0.2000000000000000 %)
Low Price /
Australian Foundation has failed to achieve a lower low of $5.99 (-0.2000000000000000 %)

[BULLISH]: Australian Foundation current downtrend in the first timeframe. Currently, the Low is $5.99 (-0.2000000000000000 %).

William %R oversold signal has just been triggered for Australian Foundation
Williams %R /
William %R oversold signal has just been triggered for Australian Foundation

[BEARISH]: Australian Foundation is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Close Tod Vs Range Tod /
Australian Foundation: Close versus price range (0%.)

[BEARISH]: Australian Foundation sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Australian Foundation adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 123 trading days with the closing price in the lower part of the range giving a confirmation ratio of 46.8%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 1 days in the upper range giving a ratio of 7x.

Medium Trend /
Daily trading has maintained an Downtrend medium trend for Australian Foundation

[BEARISH]: Australian Foundation is in an downtrend in the medium term timeframe. & the highest rally count for the LTM is 91. The highest rally for the month is 14

Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for AFI

[BEARISH]: Australian Foundation current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.37. AFIThe bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.52

Australian Foundation: ATR (0.042) has signalled an uptrend is current
Average True Range /
Australian Foundation: ATR (0.042) has signalled an uptrend is current

[Bullish]: Average True Range has confirmed an uptrend is present. Australian Foundation has a TR of 0.05, and an ATR(14) of 0.042.

The current price is still losing momentum through a fall for AFI on the short term EMA.
Percentage Price /
The current price is still losing momentum through a fall for AFI on the short term EMA.

[BEARISH]: Australian Foundation currently has negative PPO -0.400%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Close Tod Vs Close Yest /
Closing price for Australian Foundation has seen sellers win the daily battle for performance @ -0.2%

[BEARISH]: Australian Foundationsellers are keener than buyers and are driving the price down. This is the first day of price decline for AFI adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -0.5 & the greatest daily negative change this year has been -1.8. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -3%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -0.5%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -0.4%

MACD Volume /
Australian Foundation: Volume MACD @-5077 [Bearish]

[BEARISH]: Australian Foundation currently has negative Volume MACD of -5077. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Rate of Change /
Negative ROC for Australian Foundation is a leading indicator for continued price fall

[BEARISH]: Australian Foundation currently has negative rate of change of -0.8%. 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

Australian Foundation is in a short term downtrend with the closing price @$5.99
Sine Weighted Moving Average /
Australian Foundation is in a short term downtrend with the closing price @$5.99

[BEARISH]: Australian Foundation currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.2%.

Australian Foundation: Aroon oscillator (-56) has confirmed a strong downtrend is present
Aroon Oscillator /
Australian Foundation: Aroon oscillator (-56) has confirmed a strong downtrend is present

AFI: Aroon Oscillator Current Signal -> (1) 19 Apr: BEARISH STRONG (2) 18 Apr: BEARISH STRONG (3) 17 Apr: BEARISH STRONG

DPO for AFI has confirmed price is currently below the displaced moving average
Detrended Price Oscillator /
DPO for AFI has confirmed price is currently below the displaced moving average

[BEARISH]: Australian Foundation currently has a confirmed downtrend. Price is currently below the displaced moving average for AFICurrently, the return on DPO20 is -0.2%.

Ulcer Index /
Ulcer index has reduced in stress level for AFI & low drawdown is expected

[BEARISH]: Australian Foundation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.3.

Elders Force Index /
Price & volume confirms continued selling pressure for Australian Foundation is likely

[BEARISH]: Australian Foundation current price has highlighted recent selling pressure. Currently, the Elders Force Index is -1224.

Percentage Volume /
Volume is still below the short term EMA for AFI [Bearish]

[BEARISH]: Australian Foundation currently has negative PVO -3.4%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.3%.

Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for AFI

AFI: TMA Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Traders are currently distributing Australian Foundation
Daily Volume Index /
Traders are currently distributing Australian Foundation

[BEARISH]: Australian Foundation current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -434.

[Bearish]: Trend following indicator for AFI highlights downward price direction is likely
Simple Moving Average /
[Bearish]: Trend following indicator for AFI highlights downward price direction is likely

[BULLISH]: Australian Foundation currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.2%.

Weighted Moving Average /
[Downtrend]: Recent trading for AFI confirms bearish WMA(5) signal

[BEARISH]: Australian Foundation currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.2%.

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