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

Altura Mining
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Bearish conditions for AJM are likely to continue based on EFI (-21510)
Elders Force Index /
Bearish conditions for AJM are likely to continue based on EFI (-21510)

[BEARISH]: Altura Mining current price has highlighted recent selling pressure. Currently, the Elders Force Index is -21510.

Altura Mining: MACD @-0.0061 [Bearish]
MACD /
Altura Mining: MACD @-0.0061 [Bearish]

[BEARISH]: Altura Mining currently has negative MACD of -0.0061. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -11.8%.

Percentage Volume /
Altura Mining: Percentage Volume Oscillator (9.3)

[BULLISH]: Altura Mining currently has positive PVO 9.3%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -13.2%.

Exponential Moving Average /
[Bearish]: EMA(5) is serving as a resistance line for Altura Mining

AJM: EMA(5) Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

Low Price /
Altura Mining: Daily low price is $0.31 [Lower low]

[BULLISH]: Altura Mining current downtrend in the first timeframe. Currently, the Low is $0.31 (-1.6 %).

Percentage Price /
Price percentage oscillator has negative momentum signalling a continuation of the downward price fall for AJM

[BEARISH]: Altura Mining currently has negative PPO -3.275%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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Simple Moving Average /
The SMA trend following signal is still current for Altura Mining [Bearish]

[BEARISH]: Altura Mining currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.6%.

AJM: Long term trend is still an Uptrend
Long Trend /
AJM: Long term trend is still an Uptrend

AJM: Long Term Trend Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Lower Bollinger Band oversold signal had been maintained for Altura Mining
Bollinger Bands /
Lower Bollinger Band oversold signal had been maintained for Altura Mining

[BULLISH]: Altura Mining is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is -12.07% with a current width of 20.92.

Range Tod Vs Range Yest /
This is the first day sellers have decreased eagerness for AJM reducing strength of a continued downtrend in the first timeframe.

[WEAK BULLISH]: Altura Mining sellers are becoming less eager. This is the first day sellers have decreased eagerness for AJM reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.0700 & the greatest daily price range this year has been $0.2250. 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 0.3x.

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

[BEARISH]: Altura Mining currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.6%.

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Altura Mining indicating downward price movement is likely

[BEARISH]: Altura Mining 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 -1.6%.

Bear power has increased for Altura Mining signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Altura Mining signalling bearish conditions are likely

[BEARISH]: Altura Mining Elder Ray Index is signalling a Bearish movementERI is -0.032 indicating bear power. Prices are being driven below the consensus of value for AJM during the last trading session [Selling Pressure]

The daily battle of control for Altura Mining was won again by the sellers
Close Tod Vs Range Tod /
The daily battle of control for Altura Mining was won again by the sellers

[BEARISH]: Altura Mining sellers in control. There has been 5 consecutive days of prices closing in the lower part of the trading range for Altura Mining 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 103 trading days with the closing price in the lower part of the range giving a confirmation ratio of 39.2%. Over the last month there has been 11 trading days with the closing price in the lower range giving a confirmation ratio of 78.6%. Currently this quarter, closing price has spent 29 days in the lower price range compared to 9 days in the upper range giving a ratio of 3.2x.

Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Altura Mining

[BULLISH]: Altura Mining UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.439.

Detrended Price Oscillator /
Altura Mining: Detrended Price Oscillator(20) is -0.0565

[BEARISH]: Altura Mining currently has a confirmed downtrend. Price is currently below the displaced moving average for AJM. Currently, the return on DPO20 is -1.6%.

Fibonacci Extensions /
Altura Mining has moved below the 161.8% extension level ($2.63) [Bullish]

Altura Mining has moved below the 161.8% level ($2.63) [Bullish]. Look for a long limit order entry near this point. Exit price for AJM should be set @$2.81 & Stoploss for Altura Mining should be set at $2.45

William %R Oversold signal is still current for Altura Mining [Bullish]
Williams %R /
William %R Oversold signal is still current for Altura Mining [Bullish]

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

Stochastic Oscillator (0) for AJM is still below the oversold limit
Stochastic Oscillator /
Stochastic Oscillator (0) for AJM is still below the oversold limit

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

Altura Mining is being actively distributed based on DVI
Daily Volume Index /
Altura Mining is being actively distributed based on DVI

[BEARISH]: Altura Mining current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -89036.

Demarks Pivot Points /
Altura Mining: DeMark Pivot ($0.3125)

Altura Mining has broken the first DeMark support point ($0.3125) [Bearish]. Look for a short limit order entry near this point. Exit price for AJM should be set @$0.3050 & short position stoploss for Altura Mining should be set at $0.315

Price Range /
[Bearish]: Range has decreased for AJM during the last trading session

AJM: Price Range Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: NEUTRAL (3) 19 Jun: BULLISH

Momentum /
Negative momentum for Altura Mining is a leading indicator for continued price falls

[BEARISH]: Altura Mining currently has negative momentum of -0.05 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.6%.The largest downward momentum rally for the last 3 months is 15 days producing a return of -18.2%.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Altura Mining [Bearish]

[BEARISH]: Altura Mining 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 -1.6%.

Lower envelope oversold signal had been maintained for Altura Mining
Moving Average Envelope /
Lower envelope oversold signal had been maintained for Altura Mining

[BULLISH]: Altura Mining current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.3325.

Recent trading signals Altura Mining is being distributed
On Balance Volume /
Recent trading signals Altura Mining is being distributed

AJM: OBV Recent Trading ->(1) 21 Jun: -3.51556e+007 (2) 20 Jun: -3.07411e+007 (3) 19 Jun: -2.59453e+007

Average Directional Movement /
AJM: Average Directional Index has confirmed a weak trend @12.41

[Weak Trend]: ADX for AJM has confirmed a weak trend is present. Altura Mining has an ATR(14) of 0.017, a DX of 27.88 & an ADX(14) of 12.41

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