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

Alkane Exploration
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[Bearish]: Alkane Exploration currently has negative MACD histogram -0.0010
MACD /
[Bearish]: Alkane Exploration currently has negative MACD histogram -0.0010

[BEARISH]: Alkane Exploration currently has negative MACD of -0.0010. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

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

[BEARISH]: Alkane Exploration 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 0.0%.

Close Tod Vs Range Tod /
The daily battle of control for Alkane Exploration was won by the sellers

[BEARISH]: Alkane Exploration sellers in control. This is the first day of seller commitment for Alkane Exploration 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 93 trading days with the closing price in the lower part of the range giving a confirmation ratio of 35.4%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 5 days in the upper range giving a ratio of 1.4x.

On Balance Volume /
Alkane Exploration: Current trading activity OBV signals distribution is present

[BEARISH]: Alkane Exploration current price has highlighted recent distribution. Currently, the OBV is -1166632.0000.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Alkane Exploration indicating downward price movement is likely

[BEARISH]: Alkane Exploration currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.0%.

Low Price /
Strong price performance from ALK has seen a lower low of 1.1 % [Uptrend]

[BEARISH]: Alkane Exploration current uptrend in the first timeframe. Currently, the Low is $0.2750 (1.1 %).

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Woodie Pivot Point /
Alkane Exploration has broken the first Woodie resistance point ($0.2810) [Bullish]

Alkane Exploration has broken the first Woodie resistance point ($0.2810) [Bullish]. Look for a long limit order entry near this point. Exit price for ALK should be set @$0.2880 & Stoploss for Alkane Exploration should be set at $0.2680

Elders Force Index (-785.0000) has signalled bearish conditions in recent trading for ALK
Elders Force Index /
Elders Force Index (-785.0000) has signalled bearish conditions in recent trading for ALK

[BEARISH]: Alkane Exploration current price has highlighted recent selling pressure. Currently, the Elders Force Index is -785.0000.

Alkane Exploration: Daily price range is $0.0100 [Uptrend]
Price Range /
Alkane Exploration: Daily price range is $0.0100 [Uptrend]

[BULLISH]: Alkane Exploration current uptrend in the first timeframe. Currently, the Range is $0.0100.

Opening Price /
Alkane Exploration: Daily opening performance is 0.0 % [Uptrend]

ALK: OPEN Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: NEUTRAL (3) 18 Apr: BULLISH

Open Tod Vs Close Tod /
Alkane Exploration: Buyers have lost control.

[BEARISH]: Alkane Exploration opened in the lower part of daily range at 0.000000000000000% & closed in the lower part of the trading range at 0.000000000000000%. This suggests the buyers have lost control. Over the last 12 months there has been 19 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 7.2%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 13.3%.

Range Tod Vs Range Yest /
The biggest price range this month for ALK has been $0.0300

[BULLISH]: Alkane Explorationbuyers are increasingly eager. This is the first day buyers have increased eagerness for ALK adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0300. & the greatest daily price range this year has been $0.1050. The price range ratio this week versus the quarterly price range is 0.7000000000000000000x & the price range ratio this month versus the year to date price range is 0.3000000000000000000x.

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

ALK: SWMA Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Buying pressure for ALK highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for ALK highlights ability of buyers to drive the price upwards

[BEARISH]: Alkane ExplorationElder Ray Index is signalling a Bearish movementERI is -0.0080 indicating bear power. Prices are being driven below the consensus of value for ALK during the last trading session [Selling Pressure]

Percentage Price /
Price percentage oscillator: Downward momentum is still present for Alkane Exploration

[BEARISH]: Alkane Exploration currently has negative PPO -2.0000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Simple Moving Average /
Simple Moving Average(5) signal continues for Alkane Exploration indicating downward price movement is likely

[BULLISH]: Alkane Exploration 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 0.0%.

Demarks Pivot Points /
[Long]: Exit price for ALK should be set @$0.2800

Alkane Exploration current pivot point (DeMark) is: (R1) $0.2800. The current pivot point (DeMark) is: (S1) $0.2700.

14-day rate of change is decreasing for Alkane Exploration
Rate of Change /
14-day rate of change is decreasing for Alkane Exploration

[BEARISH]: Alkane Exploration currently has negative rate of change of -6.8000%. 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

Ulcer index has increased as the price has fallen for Alkane Exploration
Ulcer Index /
Ulcer index has increased as the price has fallen for Alkane Exploration

[BULLISH]: Alkane Exploration UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.6580.

Recent trading for Alkane Exploration has surpassed the previous high by 1.8 %
High Price /
Recent trading for Alkane Exploration has surpassed the previous high by 1.8 %

ALK: HIGH Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BEARISH (3) 18 Apr: NEUTRAL

Percentage Volume /
Alkane Exploration: Percentage Volume Oscillator (-7.8000)

[BEARISH]: Alkane Exploration currently has negative PVO -7.8000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -9.8%.

Aroon Oscillator /
[Downtrend]: Aroon oscillator (-64.0000) strong downtrend has been confirmed for ALK

[BEARISH]: Alkane Exploration has a current ARO(25) of -64.0000. This has change 0.0000 points from yesterday.

Closing Price /
Recent trading for Alkane Exploration has surpassed the previous close by 0.0 %

ALK: CLOSE Recent Trading -> (1) 20 Apr: 0.2750 (2) 19 Apr: 0.2750 (3) 18 Apr: 0.2750

Moving Average Envelope /
Closing price for ALK is still below the lower envelope signalling a bullish movement

[BULLISH]: Alkane Exploration current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.2755.

William %R for ALK is still below the oversold limit signalling a bullish movement
Williams %R /
William %R for ALK is still below the oversold limit signalling a bullish movement

ALK: William %R Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH CROSSOVER

Alkane Exploration is no longer oversold @ -99.0000
Commodity Channel Index /
Alkane Exploration is no longer oversold @ -99.0000

[NEUTRAL]: Alkane Exploration current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -99.0000. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -214.

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