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

Alkane Exploration
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[Buying Pressure]: Elders Force Index (2566) confirms bullish conditions are intact
Elders Force Index /
[Buying Pressure]: Elders Force Index (2566) confirms bullish conditions are intact

[BULLISH]: Alkane Exploration current price has highlighted recent buying pressure. Currently, the Elders Force Index is 2566.

Buyers are now keener than sellers for Alkane Exploration & are driving the price up.
Close Tod Vs Close Yest /
Buyers are now keener than sellers for Alkane Exploration & are driving the price up.

ALK: Recent performance signals ->(1) 20 Nov: BULLISH (2) 17 Nov: NEUTRAL (3) 20 Nov: NEUTRAL

Close Tod Vs Range Tod /
Alkane Exploration: Sellers are in control at the market close.

[BEARISH]: Alkane Exploration sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range 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 260 trading days with the closing price in the lower part of the range giving a confirmation ratio of 98.9%. Over the last month there has been 9 trading days with the closing price in the lower range giving a confirmation ratio of 75%. Currently this quarter, closing price has spent 31 days in the lower price range compared to 29 days in the upper range giving a ratio of 1.1x.

Elder Ray Index /
Alkane Exploration: Elder Ray Index is 0.028 [Bullish]

ALK: Elder Ray Index Current Signal -> (1) 20 Nov: BULLISH (2) 17 Nov: BULLISH (3) 20 Nov: BEARISH

Range Tod Vs Range Yest /
Buyers are becoming increasingly eager for Alkane Exploration & the price range is expanding

[BULLISH]: Alkane Explorationbuyers are increasingly eager. There has been 2 consecutive days of range increase for ALK adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.06 & the greatest daily price range this year has been $0.23. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.3x.

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Fibonacci Extensions /
[Long]: Exit price for ALK should be set @$2.28

Alkane Exploration has moved below the 161.8% level ($2.53) [Bullish]. Look for a long limit order entry near this point. Exit price for ALK should be set @$2.28 & Stoploss for Alkane Exploration should be set at $2.78

Negative momentum on volume for ALK is maintained & supports a bearish move is likely
Percentage Volume /
Negative momentum on volume for ALK is maintained & supports a bearish move is likely

[BEARISH]: Alkane Exploration currently has negative PVO -3.3%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.5%.

Positive ROC for Alkane Exploration is a leading indicator for continued price rise
Rate of Change /
Positive ROC for Alkane Exploration is a leading indicator for continued price rise

[BULLISH]: Alkane Exploration currently has positive rate of change of 13.6%. 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

Momentum /
5-day momentum is increasing for Alkane Exploration

[BULLISH]: Alkane Exploration currently has positive momentum of 0.005. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.5%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 8.2%%.

Accumulation / Distribution /
Distribution still active for Alkane Exploration

[BEARISH]: Alkane Exploration current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Coles Reaction Day /
Alkane Exploration: Coles Rally Day has been confirmed

Alkane Exploration: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for ALK

Recent trading for Alkane Exploration has surpassed the previous high by 2.9 %
High Price /
Recent trading for Alkane Exploration has surpassed the previous high by 2.9 %

[BULLISH]: Alkane Exploration current uptrend in the first timeframe. Currently, the HIGH is 2.9 %.

Daily trading has confirmed an ATR uptrend (0.019) for Alkane Exploration
Average True Range /
Daily trading has confirmed an ATR uptrend (0.019) for Alkane Exploration

[Bullish]: Average True Range has confirmed an uptrend is present. Alkane Exploration has a TR of 0.025, and an ATR(14) of 0.019.

Price Range /
Range for ALK has surpassed the range of the previous trading session

[BULLISH]: Alkane Exploration current uptrend in the first timeframe. Currently, the Range is $0.02.

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

[BEARISH]: Alkane Exploration 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 1.5%.

Medium Trend /
Daily trading has confirmed Uptrend medium trend for Alkane Exploration

[BULLISH]: Alkane Exploration is in an uptrend in the medium term timeframe. The current rally number is 1 & the highest rally count for the LTM is 1. The highest rally for the month is 12

[Bullish]: TMA(5) is serving as a support line for Alkane Exploration
Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Alkane Exploration

[BULLISH]: Alkane Exploration 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 1.5%.

Woodie pivot point for ALK is bullish. Stoploss should be positioned @$0.32
Woodie Pivot Point /
Woodie pivot point for ALK is bullish. Stoploss should be positioned @$0.32

Alkane Exploration has broken the first Woodie resistance point ($0.345) [Bullish]. Look for a long limit order entry near this point. Exit price for ALK should be set @$0.36 & Stoploss for Alkane Exploration should be set at $0.32

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

[BEARISH]: Alkane Exploration opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 16 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 6.1%. 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 16.7%.

Exponential Moving Average /
The EMA trend following signal is still current for Alkane Exploration [Bullish]

[BULLISH]: Alkane Exploration 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 1.5%.

Percentage Price /
Alkane Exploration: Price Percentage Oscillator

ALK: PPO Recent Trading -> (1) 20 Nov: 0.385 (2) 17 Nov: 0.153 (3) 20 Nov: -0.510

Moving Average Envelope /
[Bullish]: Alkane Exploration current trading has maintained the Envelope Bands to oversold status

[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 0.3040.

Opening Price /
Alkane Exploration: Daily opening performance is -1.5 % [Uptrend]

[BULLISH]: Alkane Exploration opening price has gapped up. Currently, the OPEN is $0.335 (-1.5 %).

Alkane Exploration: DVI(-2078)
Daily Volume Index /
Alkane Exploration: DVI(-2078)

[BEARISH]: Alkane Exploration current distribution has given weakness to the share price and the continuation of bearish trading conditions.

The simple moving average and past price for ALK has confirmed bullish trading conditions
Detrended Price Oscillator /
The simple moving average and past price for ALK has confirmed bullish trading conditions

[BULLISH]: Alkane Exploration currently has a confirmed uptrend. Price is currently above the displaced moving average for ALKCurrently, the return on DPO20 is 1.5%.

Short Trend /
First timeframe trend of Alkane Exploration remains as an Uptrend

[BULLISH]: Alkane Exploration is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 2

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