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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Alkane Exploration: Range ($0.005)
Price Range /
Alkane Exploration: Range ($0.005)

ALK: Price Range Current Signal -> (1) 19 Feb: NEUTRAL (2) 16 Feb: NEUTRAL (3) 15 Feb: BEARISH

Alkane Exploration is in a short term downtrend with the resistance price @$0.290905
Exponential Moving Average /
Alkane Exploration is in a short term downtrend with the resistance price @$0.290905

ALK: EMA(5) Current Signal -> (1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH

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

[BULLISH STRONG]: Alkane Exploration opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 49 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 19.2%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 25%.

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for ALK

[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%.

Medium Trend /
Alkane Exploration: Downtrend for the medium term trend is continued

[BEARISH]: Alkane Exploration has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Feb 14 2018.

Accumulation / Distribution /
Alkane Exploration is being actively distributed

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

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Triangular Moving Average /
Alkane Exploration is in a short term downtrend with the closing price @$0.29

[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%.

OBV: Accumulation still active for Alkane Exploration
On Balance Volume /
OBV: Accumulation still active for Alkane Exploration

[BULLISH]: Alkane Exploration current price has highlighted recent accumulation. Currently, the OBV is 2.09577e+006.

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 -0.18. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.43

High Price /
ALK has achieved a new high of $0.29 (0 %)

ALK: HIGH Current Signal -> (1) 19 Feb: NEUTRAL (2) 16 Feb: NEUTRAL (3) 15 Feb: BEARISH

MACD /
Alkane Exploration: MACD oscillator (0.002000)

ALK: MACD Current Signal -> (1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH

Percentage volume oscillator remains negative for ALK
Percentage Volume /
Percentage volume oscillator remains negative for ALK

[BEARISH]: Alkane Exploration currently has negative PVO -18.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.1%.

Recent trading highlights continued selling pressure is present for ALK
Elders Force Index /
Recent trading highlights continued selling pressure is present for ALK

[BEARISH]: Alkane Exploration current price has highlighted recent selling pressure. Currently, the Elders Force Index is -787.

Pivot Points /
Alkane Exploration: Stoploss for short position should be set between $0.293 & $0.296

Alkane Exploration has broken the first support point ($0.286) [Bearish]. Look for a short limit order entry near this point. Exit price for ALK should be set @$0.283 & short position stoploss for Alkane Exploration should be set between $0.293 & $0.296

Elder Ray Index /
Bear power has increased for Alkane Exploration signalling bearish conditions are likely

[BEARISH]: Alkane ExplorationElder Ray Index is signalling a Bearish movementERI is -0.009 indicating bear power. Prices are being driven below the consensus of value for ALK during the last trading session [Selling Pressure]

Volume Rate of Change /
Negative VROC: Price is lower for Alkane Exploration than 14 days ago

[BEARISH]: Alkane Exploration currently has negative rate of change of -46%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

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 -4.9%. 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

Trading for Alkane Exploration highlights the commitment of buyers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Alkane Exploration highlights the commitment of buyers to carry positions overnight.

ALK: Close versus price range Current Signal ->(1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH

Alkane Exploration has broken the first DeMark resistance point ($0.28875) [Bullish]
Demarks Pivot Points /
Alkane Exploration has broken the first DeMark resistance point ($0.28875) [Bullish]

Alkane Exploration has broken the first DeMark support point ($0.28875) [Bearish]. Look for a short limit order entry near this point. Exit price for ALK should be set @$0.288 & short position stoploss for Alkane Exploration should be set at $0.293

Average True Range /
ALK: Average True Range has confirmed an downtrend @0.015

[Bearish]: Average True Range has confirmed an downtrend is present. Alkane Exploration has a TR of 0.005, and an ATR(14) of 0.015.

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (16.32) for Alkane Exploration

[Weak Trend]: ADX for ALK has confirmed a weak trend is presentAlkane Exploration has an ATR(14) of 0.015, a DX of 12.23 & an ADX(14) of 16.32

Low Price /
Alkane Exploration: Daily low performance is 0 % [Uptrend]

ALK: LOW Recent Trading -> (1) 19 Feb: 0.285 (2) 16 Feb: 0.285 (3) 15 Feb: 0.285

Daily Volume Index /
Alkane Exploration is being actively distributed based on DVI

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

Volume MACD oscillator remains negative for ALK
MACD Volume /
Volume MACD oscillator remains negative for ALK

[BEARISH]: Alkane Exploration currently has negative Volume MACD of -38202. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Alkane Exploration has moved below the 161.8% extension level ($5.47) [Bullish]
Fibonacci Extensions /
Alkane Exploration has moved below the 161.8% extension level ($5.47) [Bullish]

Alkane Exploration: The current Fibonacci Extension levels are: (23.61%) $0.29: (38.2%) $0.3: (50%) $0.31: (61.8%) $0.31The current support levels are: (78.6%) $0.32: (100%) $0.34: (138.2%) $0.36: (161.8%) $0.37: (261.8%) $0.43: (423.61%) $0.53

Aroon Oscillator /
Aroon oscillator for Alkane Exploration has signalled a strong downtrend is active

[BEARISH]: Alkane Exploration has a current ARO(25) of -64. This has change 0 points from yesterday.

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