ALU | Australian Securities Exchange

Altium
+ Share

Selling pressure for ALU highlights ability of sellers to drive the price downwards
Elder Ray Index /
Selling pressure for ALU highlights ability of sellers to drive the price downwards

[BEARISH]: Altium Elder Ray Index is signalling a Bearish movementERI is -1.263 indicating bear power. Prices are being driven below the consensus of value for ALU during the last trading session [Selling Pressure]

A Piercing Pattern (Bullish) candlestick pattern has been detected for Altium (ALU).
Piercing /
A Piercing Pattern (Bullish) candlestick pattern has been detected for Altium (ALU).

[BULLISH]: Altium has formed a new Bullish Piercing reversal pattern. This means, ALU has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

Sine Weighted Moving Average /
Altium is in a short term downtrend with the resistance price @$23.978

[BEARISH]: Altium currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -1.8%.

MACD Volume /
Volume MACD oscillator is now negative for ALU

[BEARISH CROSSOVER]: Altium currently has negative Volume MACD of -3999. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for ALU

ALU: EOM Current Signal -> (1) 19 Oct: BEARISH EASY (2) 18 Oct: BULLISH EASY (3) 17 Oct: BULLISH EASY

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

[BEARISH]: Altium current price has highlighted recent selling pressure. Currently, the Elders Force Index is -227779.

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On Balance Volume /
OBV: Distribution still active for Altium

[BEARISH]: Altium current price has highlighted recent distribution. Currently, the OBV is -240020.

Altium: Percentage Volume Oscillator @6.21 [Bullish]
Percentage Volume /
Altium: Percentage Volume Oscillator @6.21 [Bullish]

ALU: PVO Recent Trading -> (1) 19 Oct: 6.21 (2) 18 Oct: 8.75 (3) 17 Oct: 11.67

Weighted Moving Average(15) signal continues for Altium indicating downward price movement is likely
Weighted Moving Average /
Weighted Moving Average(15) signal continues for Altium indicating downward price movement is likely

[BEARISH]: Altium currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -1.8%.

Open Tod Vs Close Tod /
ALU: Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the middle shadow

[BULLISH WEAK]: Altium opened in the lower part of daily range at 22.5% & closed in the middle part of the trading range at 65%. This suggests the buyers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. 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 middle price range giving a confirmation ratio of 13.3%.

Accumulation / Distribution /
Distribution signal for Altium is confirmed

[BEARISH]: Altium (ASX:ALU) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -119012.

Oversold signal for the William %R is still current for Altium
Williams %R /
Oversold signal for the William %R is still current for Altium

ALU: William %R Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Closing price for ALU is still above the upper Donchian Band signalling a bearish movement
Donchian Channels /
Closing price for ALU is still above the upper Donchian Band signalling a bearish movement

[BEARISH]: Altium is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Triangular Moving Average /
[Downtrend]: Recent trading for ALU indicates ST trend is likely to continue

ALU: TMA Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH

Camarilla Pivot Points /
Altium has moved above the R2 Camarilla pivot point ($26.162) [Bullish]

Altium has broken the first Camarilla resistance point ($26.162) [Bullish]. Look for a long limit order entry near this point. Exit price for ALU should be set @$26.162 & Stoploss for Altium should be set between $18.698 & $16.833

Simple Moving Average /
Altium is in a short term downtrend with the closing price @$22.43

[BEARISH]: Altium currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -1.8%.

Recent trading indicates a continuation in T3 upward trend direction ALU [Uptrend]
Long Trend /
Recent trading indicates a continuation in T3 upward trend direction ALU [Uptrend]

ALU: Long Term Trend Recent Trading -> (1) 19 Oct: Uptrend (2) 18 Oct: Uptrend (3) 17 Oct: Uptrend

Altium: 0.618 Fibonacci Fan ($27.56)
Fibonacci Fans /
Altium: 0.618 Fibonacci Fan ($27.56)

Altium: The current Fibonacci Fan levels are: (23.61%) $24.91: (38.2%) $25.92: (50%) $26.74: (61.8%) $27.56The current support levels are: (78.6%) $28.72: (100%) $30.2: (138.2%) $32.84: (161.8%) $34.48: (261.8%) $41.41: (423.61%) $52.62

[Downtrend]: The second timeframe trend has continued for ALU
Medium Trend /
[Downtrend]: The second timeframe trend has continued for ALU

[BEARISH]: Altium is in an downtrend in the medium term timeframe. The current rally number is 4 & the highest rally count for the LTM is 25. The highest rally for the month is 15

White Candle /
ALU Basic Candle: White

[BULLISH]: Altium has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Stochastic Oscillator /
Overbought signal for the Stochastic Oscillator is still current for Altium

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

Chaikin Money Flow /
Selling pressure for ALU.AX continues - bearish signal

[BEARISH]: Altium current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.13. Altium (ASX:ALU) received a confirmed CMF crossover days on the Sep 18 2018. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.17 occurring on the Sep 18 2018.

Closed Window /
Altium: Closed Window

ALU: Continuation Candlestick Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: NEUTRAL (3) 17 Oct: BULLISH

Positive VROC confirmation for Altium is a leading indicator for continued price rise
Volume Rate of Change /
Positive VROC confirmation for Altium is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Altium currently has positive volume of change of 43%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.8%.

Bearish trading conditions for Altium has been signalled from the DPO (-3.731)
Detrended Price Oscillator /
Bearish trading conditions for Altium has been signalled from the DPO (-3.731)

[BEARISH]: Altium currently has a confirmed downtrend. Price is currently below the displaced moving average for ALU. Currently, the return on DPO20 is -1.8%.

Moving Average Envelope /
Oversold signal has just been triggered for Altium

[BEARISH]: Altium current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the short trading conditions. Currently, the Lower Band is 23.1325.

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