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

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Daily trading performance for AOG has continued a short term downtrend
Close Tod Vs Close Yest /
Daily trading performance for AOG has continued a short term downtrend

[BEARISH]: Aveo sellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for AOG adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.4 & the greatest daily negative change this year has been -1.4. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -11.4%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.2%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -1.2%

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

[BEARISH]: Aveo currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -1.1%.

On Balance Volume /
Aveo : Current trading activity signals OBV accumulation is present

[BULLISH]: Aveo current price has highlighted recent accumulation. Currently, the OBV is 859243.

Woodie Pivot Point /
Aveo has broken the first Woodie support point ($2.67) [Bearish]

Aveo current pivot point (Woodie) is: $2.705. The current resistance levels are: (R1) $2.75: (R2) $2.785The current support levels are: (S1) $2.67: (S2) $2.625

Rate of Change /
Rate of change(14) is now increasing for Aveo

[BULLISH CROSSOVER]: Aveo currently has positive rate of change of 5%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Demarks Pivot Points /
Aveo has broken the first DeMark support point ($2.6925) [Bearish]

Aveo current pivot point (DeMark) is: (R1) $2.725. The current pivot point (DeMark) is: (S1) $2.645.

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Accumulation / Distribution /
Aveo accumulation trading has been initiated

AOG: ADLINE Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Aveo : Uptrend for the long term trend is continued
Long Trend /
Aveo : Uptrend for the long term trend is continued

[BULLISH]: Aveo has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 22 2017.

[Bearish]: SMA(5) is serving as a resistance line for Aveo
Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Aveo

[BULLISH]: Aveo 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 -1.1%.

Triangular Moving Average /
AOG: Price has moved below the TMA(5) @$2.756

AOG: TMA Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: NEUTRAL

Medium Trend /
Aveo : Medium term trend (Uptrend)

[BULLISH]: Aveo is in an uptrend in the medium term timeframe. The current rally number is 12 & the highest rally count for the LTM is 29. The highest rally for the month is 8

MACD /
Aveo : MACD oscillator (0.006000)

[BULLISH]: Aveo currently has positive MACD of 0.006000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.5%.

Pivot point for AOG is bearish. Stoploss should be positioned @$2.783
Pivot Points /
Pivot point for AOG is bearish. Stoploss should be positioned @$2.783

Aveo current pivot point is: 2.703. The current resistance levels are: (R1) $2.746: (R2) $2.783: (R3) $2.826: The current support levels are: (S1) $2.666: (S2) $2.623: (S3) $2.586

Oversold signal for the Lower Envelope band is still current for Aveo
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Aveo

[BULLISH]: Aveo current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.5270.

Momentum /
Negative momentum: Price is now trading lower for Aveo than 5 days ago

AOG: MOM Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

Aroon Oscillator /
Aveo : Aroon oscillator (44) has confirmed an uptrend is present

AOG: Aroon Oscillator Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH STRONG

Exponential Moving Average /
AOG: Price continues to move below the EMA(5) @$2.73821

AOG: EMA(5) Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

Aveo  has broken the first Camarilla support point ($2.485) [Bearish]
Camarilla Pivot Points /
Aveo has broken the first Camarilla support point ($2.485) [Bearish]

Aveo has broken the first Camarilla support point ($2.485) [Bearish]. Look for a short limit order entry near this point. Exit price for AOG should be set @$2.26 & short position stoploss for Aveo should be set between $3.16 & $3.386

Drawdown for Aveo  is currently low signalling low stress
Ulcer Index /
Drawdown for Aveo is currently low signalling low stress

[BEARISH]: Aveo UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.512.

Recent trading for Aveo  fell short of the previous high by -1.8 %
High Price /
Recent trading for Aveo fell short of the previous high by -1.8 %

[BEARISH]: Aveo current downtrend in the first timeframe. Currently, the HIGH is -1.8 %.

Range Tod Vs Range Yest /
Aveo : Range Performance (60)

AOG: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH

Open Tod Vs Close Tod /
Open/close reversal confirmed for Aveo signalling the sellers have lost commitment

[BEARISH WEAK]: Aveo opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 62.5%. This suggests the sellers have lost commitment. Over the last 12 months there has been 32 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 12.3%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 12.5%.

Detrended Price Oscillator /
[Uptrend]: Price for Aveo is currently above the displaced moving average

[BULLISH]: Aveo currently has a confirmed uptrend. Price is currently above the displaced moving average for AOGCurrently, the return on DPO20 is -1.1%.

Ease of Movement /
Recent trading was only supported by high volume for Aveo

AOG: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BEARISH HARD (3) 11 Jan: BULLISH EASY

Volume for Aveo  continues to lose momentum @-1.4)
Percentage Volume /
Volume for Aveo continues to lose momentum @-1.4)

[BEARISH]: Aveo currently has negative PVO -1.4%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.1%.

Volume MACD for Aveo  continues to gain momentum @19299)
MACD Volume /
Volume MACD for Aveo continues to gain momentum @19299)

[BULLISH]: Aveo currently has positive Volume MACD of 19299. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Closing Price /
Close for AOG has not surpassed the close of the previous trading session

AOG: CLOSE Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BEARISH (3) 09 Jan: NEUTRAL

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