ALK | Australian Stock Exchange

Alkane Exploration
+ Share

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

[BEARISH]: Alkane Exploration currently has a confirmed downtrend. Price is currently below the displaced moving average for ALK. Currently, the return on DPO20 is -2.3%.

Market conditions are indicating OBV accumulation is current for ALK
On Balance Volume /
Market conditions are indicating OBV accumulation is current for ALK

[BULLISH]: Alkane Exploration current price has highlighted recent accumulation. Currently, the OBV is 1.47621e+006.

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

[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 -2.3%.

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. Currently, the ADLINE is -6.3268e+006.

Black Marubozu /
ALK Basic Candle: Black Marubozu

ALK: Basic Candlestick Current Signal -> (1) 19 Jul: BEARISH (2) 18 Jul: NEUTRAL (3) 17 Jul: BULLISH

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

[BULLISH]: Alkane Exploration 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 -2.3%.

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High Price /
High for ALK has not surpassed the high of the previous trading session

[BEARISH]: Alkane Exploration current downtrend in the first timeframe. Currently, the HIGH is -2.2 %.

Alkane Exploration: Daily volume performance is 3.6 [Uptrend]
Volume /
Alkane Exploration: Daily volume performance is 3.6 [Uptrend]

[BULLISH]: Alkane Exploration current volume uptrend in the first timeframe. Volume for ALK is 814825 (3.6).

ALK has achieved a lower closing price of $0.215 (-2.3 %)
Closing Price /
ALK has achieved a lower closing price of $0.215 (-2.3 %)

[BEARISH]: Alkane Exploration current downtrend in the first timeframe. Currently, the Close is $0.215.

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

ALK: SWMA Current Signal -> (1) 19 Jul: BULLISH (2) 18 Jul: BULLISH (3) 17 Jul: BULLISH

Pivot Points /
[Short]: Exit price for ALK should be set @$0.212

Alkane Exploration has broken the first support point ($0.214) [Bearish]. Look for a short limit order entry near this point. Exit price for ALK should be set @$0.212 & short position stoploss for Alkane Exploration should be set between $0.222 & $0.224

Short Trend /
Alkane Exploration: Daily Downtrend has been confirmed

[BEARISH]: Alkane Exploration is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 3

Alkane Exploration continues negative divergence & potential shift in direction
Chaikin Money Flow /
Alkane Exploration continues negative divergence & potential shift in direction

[BEARISH]: Alkane Exploration current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.12. ALK received a confirmed CMF crossover days on the Jun 4 2018. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.36 occurring on the Jun 4 2018.

The current volume for ALK is gaining momentum through a rise on the short term EMA
Percentage Volume /
The current volume for ALK is gaining momentum through a rise on the short term EMA

[BULLISH]: Alkane Exploration currently has positive PVO 4.4%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.3%.

Close Tod Vs Range Tod /
Daily trading for ALK indicated sellers are still in control

[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 94 trading days with the closing price in the lower part of the range giving a confirmation ratio of 35.7%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 42.9%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 6 days in the upper range giving a ratio of 1x.

Volume Rate of Change /
Volume rate of change(14) is decreasing for Alkane Exploration

ALK: VROC Current Signal -> (1) 19 Jul: BEARISH (2) 18 Jul: BEARISH (3) 17 Jul: BULLISH CROSSOVER

Close Tod Vs Close Yest /
The biggest downward movement for Alkane Exploration this month has been -8.5

[BEARISH]: Alkane Explorationsellers are keener than buyers and are driving the price down. This is the first day of price decline for ALK adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -8.5 & the greatest daily negative change this year has been -10.7. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -18%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -8.5%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -3.700000%

Alkane Exploration: Sellers were in control all day.
Open Tod Vs Close Tod /
Alkane Exploration: Sellers were in control all day.

[BEARISH STRONG]: Alkane Exploration opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 48 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 18.3%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 28.6%.

ALK: Volume Moving Average Convergence Divergence [Bearish]
MACD Volume /
ALK: Volume Moving Average Convergence Divergence [Bearish]

[BEARISH]: Alkane Exploration currently has negative Volume MACD of -20922. This means the signal line is less than the Volume MACD line signalling a bearish movement.

DVI: Distribution still active for Alkane Exploration
Daily Volume Index /
DVI: 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. Currently, the DVI is -2687.

Average True Range /
Average True Range for Alkane Exploration has signalled an downtrend is active

[Bearish]: Average True Range has confirmed an downtrend is present. Alkane Exploration has a TR of 0.005, and an ATR(14) of 0.012.

Average Directional Movement /
[Strong Trend]: Average Directional Index (50.01) very strong trend has been confirmed for ALK

[Stong Trend]: ADX for ALK has confirmed a very strong trend is present. Alkane Exploration has an ATR(14) of 0.012, a DX of 29.34 & an ADX(14) of 50.01

Medium Trend /
Daily bar has maintained 2nd timeframe Downtrend for ALK

[BEARISH]: Alkane Exploration is in an downtrend in the medium term timeframe. The current rally number is 8 & the highest rally count for the LTM is 56. The highest rally for the month is 14

Woodie Pivot Point /
Alkane Exploration has moved below the S1 Woodie pivot point ($0.212) [Bearish]

Alkane Exploration has broken the first Woodie support point ($0.212) [Bearish]. Look for a short limit order entry near this point. Exit price for ALK should be set @$0.211 & short position stoploss for Alkane Exploration should be set at $0.221

Alkane Exploration currently has negative rate of change for -6.522
Rate of Change /
Alkane Exploration currently has negative rate of change for -6.522

[BEARISH]: Alkane Exploration currently has negative rate of change of -6.522%. 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

Alkane Exploration: MACD oscillator (0.0017)
MACD /
Alkane Exploration: MACD oscillator (0.0017)

[BULLISH]: Alkane Exploration currently has positive MACD of 0.0017. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -2.3%.

Momentum /
Positive momentum for Alkane Exploration is a leading indicator for continued price rise

ALK: MOM Recent Trading -> (1) 19 Jul: 0.015 (2) 18 Jul: 0.015 (3) 17 Jul: 0.005

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