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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AMA has achieved a new high of $1.14 (0.4 %)
High Price /
AMA has achieved a new high of $1.14 (0.4 %)

[BULLISH]: Allomak current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

Closing Price /
[Bullish]: A higher close performance for AMA by 0.9 % achieved during last session

[BULLISH]: Allomak current uptrend in the first timeframe. Currently, the Close is $1.14.

Momentum /
Momentum continues to rise for Allomak signalling an uptrend will persist

AMA: MOM Current Signal -> (1) 21 Feb: BULLISH (2) 20 Feb: BULLISH (3) 19 Feb: BEARISH CROSSOVER

Weighted Moving Average /
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 WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.9%.

Fibonacci Extensions /
Limit order for a short position has been identified for Allomak @$0.38

Allomak: The current Fibonacci Extension levels are: (23.61%) $1.19: (38.2%) $1.16: (50%) $1.14: (61.8%) $1.12The current support levels are: (78.6%) $1.09: (100%) $1.05: (138.2%) $0.98: (161.8%) $0.94: (261.8%) $0.75: (423.61%) $0.45

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Low Price /
Recent trading for Allomak has surpassed the previous low by 0.9 %

[BEARISH]: Allomak current uptrend in the first timeframe. Currently, the Low is $1.12 (0.9 %).

14-day volume rate of change is decreasing for Allomak
Volume Rate of Change /
14-day volume rate of change is decreasing for Allomak

[BEARISH]: Allomak currently has negative rate of change of -74%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.9%.

Allomak: Two White Soldiers
Two White Soldiers /
Allomak: Two White Soldiers

[BULLISH]: Allomak has formed a new Two White Soldiers pattern.

Rate of Change /
Allomak has initiated a negative rate of change of -0.87

[BEARISH CROSSOVER]: Allomak currently has negative rate of change of -0.9%. 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

Volume /
Weaker volume performance from AMA has seen a lower volume of -46.9 [Downtrend]

[BEARISH]: Allomak current volume downtrend in the first timeframe. Volume for AMA is392286 (-46.9).

Chaikin Money Flow /
CMF Crossover from increased buying pressure for Allomak

AMA: Chaikin Oscillator Current Signal -> (1) 21 Feb: BULLISH CROSSOVER (2) 20 Feb: NEUTRAL (3) 19 Feb: NEUTRAL

Closing price for AMA ($1.14) signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Closing price for AMA ($1.14) signals buyers are still keener than sellers

AMA: Recent Performance ->(1) 21 Feb: 0.9% (2) 20 Feb: 1.8% (3) 19 Feb: 0.5%

Accumulation still active for Allomak
Accumulation / Distribution /
Accumulation still active for Allomak

AMA: ADLINE Current Signal -> (1) 21 Feb: BULLISH (2) 20 Feb: BULLISH (3) 19 Feb: BULLISH

Ulcer Index /
Allomak: Ulcer Index 5.874 [High Stress]

[BULLISH]: Allomak UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.874.

Bear Harami /
Allomak: Bear Harami

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

Aroon Oscillator /
Recent trading indicates Aroon downward trend direction likely for AMA [Downtrend]

[BEARISH]: Allomak has a current ARU(25) of 32 and a current ARD(25) of 56

Open/close reversal confirmed for Allomak signalling the buyers have taken control
Open Tod Vs Close Tod /
Open/close reversal confirmed for Allomak signalling the buyers have taken control

[BULLISH]: Allomak opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 39 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 15.2%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 14.3%.

Price spike from high volume trading for Allomak during last trading session
Ease of Movement /
Price spike from high volume trading for Allomak during last trading session

AMA: EOM Current Signal -> (1) 21 Feb: BULLISH HARD (2) 20 Feb: BULLISH HARD (3) 19 Feb: BULLISH HARD

Buyer commitment has continued for Allomak adding strength to an uptrend in the first timeframe
Close Tod Vs Range Tod /
Buyer commitment has continued for Allomak adding strength to an uptrend in the first timeframe

[BULLISH]: Allomak buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range 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 114 trading days with the closing price in the upper part of the range giving a confirmation ratio of 44.4%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 42.9%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 5 days in the lower range giving a ratio of 1.6x.

Bill Williams Market Facilitation /
Trend continuation possible for AMA from reduced trading activity

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.

Range Tod Vs Range Yest /
Allomak: Range Performance (-20)

[WEAK BEARISH]: Allomakbuyers are becoming less eager. This is the first day buyers have decreased eagerness for AMA reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.14 & the greatest daily price range this year has been $0.215. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.7x.

Simple Moving Average /
Allomak: Simple Moving Average(5) (1.118)

AMA: SMA(5) Current Signal -> (1) 21 Feb: BEARISH (2) 20 Feb: BEARISH (3) 19 Feb: BEARISH CROSSOVER

Percentage Volume /
Volume for Allomak continues to lose momentum @-11.3)

[BEARISH]: Allomak currently has negative PVO -11.3%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 3.2%.

Allomak: Daily price range is $0.02 [Decreasing Range]
Price Range /
Allomak: Daily price range is $0.02 [Decreasing Range]

[BEARISH]: Allomak current downtrend in the first timeframe. Currently, the Range is $0.02.

Stoploss for Allomak should be set between $1.13
Demarks Pivot Points /
Stoploss for Allomak should be set between $1.13

Allomak has broken the first DeMark resistance point ($1.135) [Bullish]. Look for a long limit order entry near this point. Exit price for AMA should be set @$1.15 & Stoploss for Allomak should be set at $1.13

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

AMA: CRD Current Signal -> (1) 21 Feb: BULLISH (2) 20 Feb: BULLISH (3) 19 Feb: BULLISH

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