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

Altura Mining
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Altura Mining: Buyers are now becoming increasingly eager.
Range Tod Vs Range Yest /
Altura Mining: Buyers are now becoming increasingly eager.

[BULLISH]: Altura Miningbuyers are increasingly eager. This is the first day buyers have increased eagerness for AJM adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1. & the greatest daily price range this year has been $0.225. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.4x.

The WMA trend following signal is now active for Altura Mining [Bullish]
Weighted Moving Average /
The WMA trend following signal is now active for Altura Mining [Bullish]

[BULLISH]: Altura Mining currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 1.4%.

Coles Reaction Day /
The daily range for Altura Mining has achieved a higher high [Bullish]

Altura Mining: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for AJM

Woodie Pivot Point /
Woodie pivot point for AJM is bullish. Stoploss should be positioned @$0.356

Altura Mining has broken the first Woodie resistance point ($0.376) [Bullish]. Look for a long limit order entry near this point. Exit price for AJM should be set @$0.382 & Stoploss for Altura Mining should be set at $0.356

Pivot Points /
Pivot point for AJM is bullish. Stoploss should be positioned @$0.356

Altura Mining has broken the first resistance point ($0.376) [Bullish]. Look for a long limit order entry near this point. Exit price for AJM should be set @$0.382 & Stoploss for Altura Mining should be set between $0.356 & $0.35

Simple Moving Average /
Price is now trading above the Simple Moving Average(5) for AJM

AJM: SMA(5) Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BULLISH CROSSOVER (3) 16 Feb: BEARISH CROSSOVER

The TMA trend following signal is still current for Altura Mining [Bullish]
Triangular Moving Average /
The TMA trend following signal is still current for Altura Mining [Bullish]

[BULLISH]: Altura Mining 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 1.4%.

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Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for AJM

AJM: PPO Recent Trading -> (1) 20 Feb: -3.110 (2) 19 Feb: -3.594 (3) 16 Feb: -4.020

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

[BEARISH]: Altura Mining has a current ARU(25) of 4 and a current ARD(25) of 60

Altura Mining opening price of $0.37 (0 %)
Opening Price /
Altura Mining opening price of $0.37 (0 %)

[BULLISH]: Altura Mining opening price has gapped up. Currently, the OPEN is $0.37 (0 %).

Closing Price /
AJM: Closing price of $0.37 (1.4 %)

[BULLISH]: Altura Mining current uptrend in the first timeframe. Currently, the Close is $0.37.

Volume Rate of Change /
Negative VROC confirmation for AJM is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Altura Mining currently has negative rate of change of -73%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.4%.

Short Trend /
Daily bar has closed the day with an Uptrend for AJM

[BULLISH]: Altura Mining is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

AJM: Average True Range has confirmed an downtrend @0.023
Average True Range /
AJM: Average True Range has confirmed an downtrend @0.023

AJM: Average True Range Recent Trading -> (1) 20 Feb: 0.023 (2) 19 Feb: 0.024 (3) 16 Feb: 0.025

Bill Williams Market Facilitation /
Market movement continuation likely for AJM as a result of Fake Day

AJM: BWMF Recent Trading -> (1) 20 Feb: Fake Day (2) 19 Feb: Squat Day (3) 16 Feb: Fake Day

MACD Volume /
Negative momentum on the Volume MACD histogram for AJM is maintained & supports a bearish move is likely

[BEARISH]: Altura Mining currently has negative Volume MACD of -869094. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Elder Ray Index /
Altura Mining: Elder Ray Index is 0.013 [Bullish]

[BULLISH]: Altura MiningElder Ray Index is signalling a Bullish movementERI is 0.013 indicating bull power. Prices are being driven above the consensus of value for AJM during the last trading session [Buying Pressure]

Closing price for Altura Mining has seen buyers win the daily battle for performance @ 1.4%
Close Tod Vs Close Yest /
Closing price for Altura Mining has seen buyers win the daily battle for performance @ 1.4%

[BULLISH]: Altura Miningbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for AJM adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 10 & the greatest daily positive change this year has been 13.9. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 29.1%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 10%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 5.2%

Altura Mining has broken the first DeMark resistance point ($0.36925) [Bullish]
Demarks Pivot Points /
Altura Mining has broken the first DeMark resistance point ($0.36925) [Bullish]

Altura Mining has broken the first DeMark resistance point ($0.36925) [Bullish]. Look for a long limit order entry near this point. Exit price for AJM should be set @$0.376 & Stoploss for Altura Mining should be set at $0.363

Elders Force Index (-23205) has signalled bearish conditions in recent trading for AJM
Elders Force Index /
Elders Force Index (-23205) has signalled bearish conditions in recent trading for AJM

[BEARISH]: Altura Mining current price has highlighted recent selling pressure. Currently, the Elders Force Index is -23205.

Low Price /
Recent trading for AJM has beaten the previous low by 0.6 % [Uptrend]

[BEARISH]: Altura Mining current uptrend in the first timeframe. Currently, the Low is $0.362 (0.6 %).

High Price /
Altura Mining: Daily high performance is 1.4 % [Uptrend]

[BULLISH]: Altura Mining current uptrend in the first timeframe. Currently, the HIGH is 1.4 %.

Volume /
Weaker volume performance from AJM has seen a lower volume of -36.1 [Downtrend]

[BEARISH]: Altura Mining current volume downtrend in the first timeframe. Volume for AJM is3.10421e+006 (-36.1).

On Balance Volume /
Distribution OBV signal for Altura Mining is confirmed

[BEARISH]: Altura Mining current price has highlighted recent distribution. Currently, the OBV is -6.87186e+007.

Altura Mining: Downtrend for the medium term trend is continued
Medium Trend /
Altura Mining: Downtrend for the medium term trend is continued

AJM: Medium Term Recent Trading -> (1) 20 Feb: Downtrend (2) 19 Feb: Downtrend (3) 16 Feb: Downtrend

[Uptrend]: Recent trading for AJM indicates ST trend is likely to continue
Exponential Moving Average /
[Uptrend]: Recent trading for AJM indicates ST trend is likely to continue

[BULLISH]: Altura Mining 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 1.4%.

MACD /
Altura Mining: MACD oscillator (0.008000)

[BULLISH]: Altura Mining currently has positive MACD of 0.008000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 2.8%.

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