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

Allomak
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[Long]: Limit orders for Allomak should be set at $0
Fibonacci Fans /
[Long]: Limit orders for Allomak should be set at $0

Allomak is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for AMA should be set @$5.58 & Stoploss for Allomak should be set between $5.52

Allomak: MACD oscillator (0.000000)
MACD /
Allomak: MACD oscillator (0.000000)

[BULLISH CROSSOVER]: Allomak currently has positive MACD of 0.000000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.

Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for AMA

[BEARISH]: Allomak current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.23. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.33

Range Tod Vs Range Yest /
Buyers are now increasingly eager for Allomak & the price range is expanding

AMA: Range today versus range yesterday Recent Trading -> (1) 20 Nov: 50% (2) 17 Nov: -42.9% (3) 20 Nov: 30%

Percentage Volume /

Percentage Price /
Allomak currently has positive PPO 0.400

AMA: PPO Current Signal -> (1) 20 Nov: BULLISH (2) 17 Nov: BULLISH (3) 20 Nov: BULLISH

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Momentum /
5-day momentum is now increasing for Allomak

[BULLISH CROSSOVER]: Allomak currently has positive momentum of 0.015. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 2.1%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 3.6%%.

Allomak has moved above the R1 DeMark pivot point ($0.9725) [Bullish]
Demarks Pivot Points /
Allomak has moved above the R1 DeMark pivot point ($0.9725) [Bullish]

Allomak has broken the first DeMark resistance point ($0.9725) [Bullish]. Look for a long limit order entry near this point. Exit price for AMA should be set @$0.995 & Stoploss for Allomak should be set at $0.965

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

[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 2.1%.

MACD Volume /
Allomak: Volume MACD oscillator (48200)

AMA: Volume MACD Current Signal -> (1) 20 Nov: BULLISH (2) 17 Nov: BULLISH (3) 20 Nov: BULLISH

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

[BULLISH STRONG]: Allomak 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 32 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 12.2%. Over the last month there has been 1 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 8.3%.

Close Tod Vs Range Tod /
The daily battle of control for Allomak was won by the buyers

[BULLISH]: Allomak buyers are in control at the market close. This is the first day of buyer commitment for Allomak adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 260 trading days with the closing price in the upper 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 upper range giving a confirmation ratio of 75%. Currently this quarter, closing price has spent 31 days in the upper price range compared to 29 days in the lower range giving a ratio of 1.1x.

[Fake Day]: MFI indicator is up, volume is down for Allomak
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Allomak

Allomak Currently is a confirmed Fake Day. MFI indicator is up, volume is down for AMA. Trend continuation possible for AMA from reduced trading activity.

[Long]: Exit price for AMA should be set @$1
Pivot Points /
[Long]: Exit price for AMA should be set @$1

Allomak has broken the first resistance point ($0.99) [Bullish]. Look for a long limit order entry near this point. Exit price for AMA should be set @$1 & Stoploss for Allomak should be set between $0.94 & $0.93

White Marubozu /
AMA Basic Candle: White Marubozu

[BULLISH]: Allomak has formed a White Marubozu candlestick. This means, AMA has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

On Balance Volume /
Allomak: On Balance Volume (-1.09417e+007)

[BEARISH]: Allomak current price has highlighted recent distribution. Currently, the OBV is -1.09417e+007.

Medium Trend /
[Uptrend]: The second timeframe trend for Allomak remains intact

[BULLISH]: Allomak has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Nov 15 2017.

High for AMA has surpassed the high of the previous trading session
High Price /
High for AMA has surpassed the high of the previous trading session

[BULLISH]: Allomak current uptrend in the first timeframe. Currently, the HIGH is 1 %.

Weak opening from AMA has seen an decrease of -1 % [Downtrend]
Opening Price /
Weak opening from AMA has seen an decrease of -1 % [Downtrend]

[BEARISH]: Allomak opening price has gapped down. Currently, the OPEN is $0.95 (-1 %).

[Bullish]: Allomak has beaten previous close by 2.1 %
Closing Price /
[Bullish]: Allomak has beaten previous close by 2.1 %

AMA: CLOSE Current Signal -> (1) 20 Nov: BULLISH (2) 17 Nov: BEARISH (3) 16 Nov: BULLISH

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong uptrend is intact for AMA

[BULLISH]: Allomak has a current ARO(25) of 60. This has change 0 points from yesterday.

Fibonacci Extensions /
[Short]: Exit price for AMA should be set @$0

Allomak has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for AMA should be set @$0 & short position stoploss for Allomak should be set at $0

Accumulation / Distribution /
Allomak: Accumulation Distribution Line (-1.22213e+006)

AMA: ADLINE Current Signal -> (1) 20 Nov: BEARISH (2) 17 Nov: BEARISH CROSSOVER (3) 20 Nov: BULLISH

Elder Ray Index /
Bull power has increased for Allomak signalling bullish conditions are likely

[BULLISH]: AllomakElder Ray Index is signalling a Bullish movementERI is 0.017 indicating bull power. Prices are being driven above the consensus of value for AMA during the last trading session [Buying Pressure]

Daily trading has confirmed the DPO(20) is bullish for Allomak
Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bullish for Allomak

[BULLISH]: Allomak currently has a confirmed uptrend. Price is currently above the displaced moving average for AMACurrently, the return on DPO20 is 2.1%.

Low Price /
Allomak: Daily low price is $0.95 [Lower Low]

AMA: LOW Current Signal -> (1) 20 Nov: NEUTRAL (2) 17 Nov: BULLISH (3) 16 Nov: BULLISH

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