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

Anglogold Ashanti
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CMF has positive divergence between price and volume
Chaikin Money Flow /
CMF has positive divergence between price and volume

[BULLISH]: Anglogold Ashanti current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.18. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.18

AGG Basic Candle: White
White Candle /
AGG Basic Candle: White

[BULLISH]: Anglogold Ashanti has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

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

AGG: TMA Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Open Tod Vs Close Tod /
Open/close reversal: Buyers have taken control during the trading day for AGG

[BULLISH]: Anglogold Ashanti opened in the middle part of daily range at 66.7% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 3 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 3.9%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 15.4%.

Low Price /
Anglogold Ashanti: Daily low price is $2.4 [Lower Low]

[BEARISH]: Anglogold Ashanti current uptrend in the first timeframe. Currently, the Low is $2.4 (2.6 %).

Short Trend /
Anglogold Ashanti: Daily Uptrend has been confirmed

[BULLISH]: Anglogold Ashanti is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 1

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Commodity Channel Index /
Trading conditions for Anglogold Ashanti have reduced trend reversal potential

[NEUTRAL]: Anglogold Ashanti current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -58. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -152.

Traders are currently accumulating Anglogold Ashanti
Daily Volume Index /
Traders are currently accumulating Anglogold Ashanti

[BULLISH CROSSOVER]: Anglogold Ashanti current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Anglogold Ashanti is no longer oversold with the Lower Envelope Band @$2.3845
Moving Average Envelope /
Anglogold Ashanti is no longer oversold with the Lower Envelope Band @$2.3845

[NEUTRAL]: Anglogold Ashanti current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 2.3845.

Close Tod Vs Close Yest /
Daily trading performance for AGG has initiated a short term uptrend

[BULLISH]: Anglogold Ashantibuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for AGG adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.8 & the greatest daily positive change this year has been 41.7. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 20%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 6.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 1.2%

Closing Price /
Anglogold Ashanti: Daily performance is 3.8 % [Uptrend]

[BULLISH]: Anglogold Ashanti current uptrend in the first timeframe. Currently, the Close is $2.43.

Volume Rate of Change /
Volume rate of change(14) is decreasing for Anglogold Ashanti

[BEARISH]: Anglogold Ashanti currently has negative rate of change of -63%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 3.8%.

Exponential Moving Average(5) signal is confirmed for Anglogold Ashanti indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Anglogold Ashanti indicating upward price movement is likely

[BULLISH]: Anglogold Ashanti 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 3.8%.

Anglogold Ashanti is no longer oversold with the William %R @-43.7
Williams %R /
Anglogold Ashanti is no longer oversold with the William %R @-43.7

AGG: William %R Current Signal -> (1) 20 Oct: BEARISH CROSSUNDER (2) 19 Oct: BULLISH CROSSOVER (3) 18 Oct: NEUTRAL

MACD Volume /
Anglogold Ashanti: Volume MACD @-307 [Bearish]

[BEARISH]: Anglogold Ashanti currently has negative Volume MACD of -307. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Range Tod Vs Range Yest /
Anglogold Ashanti: Range Performance (-50)

[WEAK BEARISH]: Anglogold Ashantibuyers are becoming less eager. This is the first day buyers have decreased eagerness for AGG reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.16 & the greatest daily price range this year has been $0.66. The price range ratio this week versus the quarterly price range is 0.9x & the price range ratio this month versus the year to date price range is 0.2x.

Woodie Pivot Point /
Anglogold Ashanti has broken the first Woodie resistance point ($2.444) [Bullish]

Anglogold Ashanti current pivot point (Woodie) is: $2.422. The current resistance levels are: (R1) $2.444: (R2) $2.452The current support levels are: (S1) $2.414: (S2) $2.392

Anglogold Ashanti is no longer oversold and normal trading conditions are resumed
Stochastic Oscillator /
Anglogold Ashanti is no longer oversold and normal trading conditions are resumed

AGG: Stochastic Oscillator Signal -> (1) 20 Oct: BULLISH CROSSUNDER (2) 19 Oct: BEARISH CROSSOVER (3) 18 Oct: NEUTRAL

Ulcer index has increased in stress level for Anglogold Ashanti & high drawdown is expected
Ulcer Index /
Ulcer index has increased in stress level for Anglogold Ashanti & high drawdown is expected

[BULLISH]: Anglogold Ashanti UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.825.

[Bullish]: SWMA(5) is serving as a support line for Anglogold Ashanti
Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Anglogold Ashanti

[BULLISH]: Anglogold Ashanti currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 3.8%.

MACD /
The MACD continues to fall below the signal line for AGG [Bearish]

[BEARISH]: Anglogold Ashanti currently has negative MACD of -0.003000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 3.8%.

Close Tod Vs Range Tod /
This is the first day of buyer commitment for Anglogold Ashanti adding strength to an uptrend in the first timeframe

AGG: Close versus price range Current Signal ->(1) 20 Oct: BULLISH (2) 19 Oct: BEARISH (3) 18 Oct: NEUTRAL

PROFIT /
The current Price/Sales ratio for Anglogold Ashanti is 0.23

Anglogold Ashanti Key financial metrics: (1) Revenue: $4.16B (2) EBITDA: $1.26B (3) Price-Sales ratio: 0.23

Rate of Change /
Rate of change(14) is now increasing for Anglogold Ashanti

[BULLISH CROSSOVER]: Anglogold Ashanti currently has positive rate of change of 2.1%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Anglogold Ashanti: Daily high performance is 1.3 % [Uptrend]
High Price /
Anglogold Ashanti: Daily high performance is 1.3 % [Uptrend]

[BULLISH]: Anglogold Ashanti current uptrend in the first timeframe. Currently, the HIGH is 1.3 %.

Balance sheets assets for Anglogold Ashanti is $6.36
GROWTH /
Balance sheets assets for Anglogold Ashanti is $6.36

Anglogold Ashanti Key financial metrics: (1) Book Value: $6.36 (2) Market-to-Book ratio: 0.37 (3) PEG Ratio:

Fibonacci Extensions /
Anglogold Ashanti has moved above the 161.8% extension level ($1.82) [Bearish]

Anglogold Ashanti has moved above the 161.8% level ($1.82) [Bearish]. Look for a short limit order entry near this point. Exit price for AGG should be set @$1.62 & short position stoploss for Anglogold Ashanti should be set at $2.02

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