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

Allomak
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Price continues to trade above the Sine Weighted Moving Average(5) for AMA
Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(5) for AMA

[BULLISH]: Allomak currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.5%.

Fibonacci Extensions /
Allomak: Look for a long limit order entry @$19.5000

Allomak: The current Fibonacci Extension levels are: (23.61%) $0.9700: (38.2%) $1.0200: (50%) $1.0500: (61.8%) $1.0800The current support levels are: (78.6%) $1.1300: (100%) $1.1900: (138.2%) $1.2900: (161.8%) $1.3500: (261.8%) $1.6300: (423.61%) $2.0700

Chaikin Money Flow /
Selling pressure for Allomak continues - bearish signal

[BEARISH]: Allomak current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1200. AMA received a confirmed CMF crossover days on the Mar 27 2018.The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.25 occurring on the Mar 27 2018.

Volume /
Allomak has reached a new volume high of 1482942 (304.8)

AMA: VOLUME Recent Trading -> (1) 20 Apr: 1482942 (2) 19 Apr: 366346 (3) 18 Apr: 505182

Coles Reaction Day /
The daily range for Allomak has achieved a higher high [Bullish]

Allomak: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for AMA

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On Balance Volume /
OBV: Distribution still active for Allomak

[BEARISH]: Allomak current price has highlighted recent distribution. Currently, the OBV is -3680358.0000.

[Bullish]: Opening performance for AMA of 1.0 % was achieved in last trading session
Opening Price /
[Bullish]: Opening performance for AMA of 1.0 % was achieved in last trading session

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

Allomak: Over the last 12 months there has been 17 trading day giving a confirmation ratio of 6.5%.
Open Tod Vs Close Tod /
Allomak: Over the last 12 months there has been 17 trading day giving a confirmation ratio of 6.5%.

[BULLISH WEAK]: Allomak opened in the lower part of daily range at 14.300000000000000% & closed in the middle part of the trading range at 57.100000000000000%. This suggests the buyers have lost commitment. Over the last 12 months there has been 17 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 6.5%. 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%.

Demarks Pivot Points /
Stoploss for Allomak should be set between $1.0000

Allomak has broken the first DeMark resistance point ($1.0125) [Bullish]. Look for a long limit order entry near this point. Exit price for AMA should be set @$1.0350 & Stoploss for Allomak should be set at $1.0000

Range Tod Vs Range Yest /
This is the first day buyers have increased eagerness for AMA adding strength to an uptrend in the first timeframe.

AMA: Range today versus range yesterday Current Signal ->(1) 20 Apr: BULLISH (2) 19 Apr: BEARISH (3) 18 Apr: BULLISH

Elders Force Index /
Allomak: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Allomak current price has highlighted recent selling pressure. Currently, the Elders Force Index is -9498.0000.

Allomak has moved above the R1 Woodie pivot point ($1.0280) [Bullish]
Woodie Pivot Point /
Allomak has moved above the R1 Woodie pivot point ($1.0280) [Bullish]

Allomak current pivot point (Woodie) is: $1.0090. The current resistance levels are: (R1) $1.0280: (R2) $1.0440The current support levels are: (S1) $0.9930: (S2) $0.9740

Pivot point for AMA is bullish. Stoploss should be positioned @$0.9730
Pivot Points /
Pivot point for AMA is bullish. Stoploss should be positioned @$0.9730

Allomak has broken the first resistance point ($1.0260) [Bullish]. Look for a long limit order entry near this point. Exit price for AMA should be set @$1.0430 & Stoploss for Allomak should be set between $0.9730 & $0.9560

Weighted Moving Average /
Allomak: Weighted Moving Average(5) (0.9970)

[BULLISH]: Allomak 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 1.5%.

Ease of Movement /
Allomak was difficult to move upward due to high volume in recent trading [Bullish]

AMA: EOM Current Signal -> (1) 20 Apr: BULLISH HARD (2) 19 Apr: BULLISH HARD (3) 18 Apr: BEARISH HARD

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Allomak & are driving the price up.

[BULLISH]: Allomakbuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for AMA adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.9 & the greatest daily positive change this year has been 4.8. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 8.9%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 3%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 1.600000%

Volume MACD oscillator remains positive for AMA
MACD Volume /
Volume MACD oscillator remains positive for AMA

AMA: Volume MACD Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

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

[BULLISH]: AllomakElder Ray Index is signalling a Bullish movementERI is 0.0020 indicating bull power. Prices are being driven above the consensus of value for AMA during the last trading session [Buying Pressure]

Allomak is in a short term uptrend with the closing price @$1.0100
Exponential Moving Average /
Allomak is in a short term uptrend with the closing price @$1.0100

[BULLISH]: Allomak 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%.

Closing Price /
Recent trading for Allomak has surpassed the previous close by 1.5 %

[BULLISH]: Allomak current uptrend in the first timeframe. Currently, the Close is $1.0100.

Medium Trend /
Allomak: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Allomak is in an uptrend in the medium term timeframe. & the highest rally count for the LTM is 53. The highest rally for the month is 15

Short Trend /
AMA: Short term trend is still an Uptrend

[BULLISH]: Allomak is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

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

[BEARISH]: Allomak has a current ARO(25) of -68.0000. This has change 0.0000 points from yesterday.

Distribution signal for Allomak is confirmed
Accumulation / Distribution /
Distribution signal for Allomak is confirmed

[BEARISH]: Allomak current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1063536.0000. day.

Bear Harami /
Allomak: Bear Harami

[BEARISH]: Allomak has formed a new Bear Harami reversal pattern.

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