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

Australian Pharmaceutical
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Price dipped from high volume trading for Australian Pharmaceutical during last trading session
Ease of Movement /
Price dipped from high volume trading for Australian Pharmaceutical during last trading session

API: EOM Recent Trading -> (1) 22 Jun: -0.011 (2) 21 Jun: 0.029 (3) 20 Jun: -0.016

Australian Pharmaceutical has moved above the R1 Woodie pivot point ($1.381) [Bullish]
Woodie Pivot Point /
Australian Pharmaceutical has moved above the R1 Woodie pivot point ($1.381) [Bullish]

Australian Pharmaceutical has broken the first Woodie resistance point ($1.381) [Bullish]. Look for a long limit order entry near this point. Exit price for API should be set @$1.398 & Stoploss for Australian Pharmaceutical should be set at $1.298

Triangular Moving Average /
Australian Pharmaceutical is in a short term uptrend with the support price @$1.324

[BULLISH]: Australian Pharmaceutical currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.1%.

Closing Price /
Australian Pharmaceutical: Daily closing price is $1.355 [Bullish]

[BULLISH]: Australian Pharmaceutical current uptrend in the first timeframe. Currently, the Close is $1.355.

MACD Volume /
Volume MACD for Australian Pharmaceutical continues to gain momentum @82302

[BULLISH]: Australian Pharmaceutical currently has positive Volume MACD of 82302. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-16) for Australian Pharmaceutical

[BEARISH]: Australian Pharmaceutical has a current ARU(25) of 64 and a current ARD(25) of 80

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Volume /
[Bearish]: Lower volume has formed for API by -11.1 during the last trading session

[BEARISH]: Australian Pharmaceutical current volume downtrend in the first timeframe. Volume for API is 2.28036e+006 (-11.1).

Australian Pharmaceutical: Advancing White Soldiers
White Soldiers /
Australian Pharmaceutical: Advancing White Soldiers

[BULLISH]: Australian Pharmaceutical has formed a new Advancing White Soldiers pattern.

[Bullish]: Trend following indicator for API highlights upward price direction is likely
Simple Moving Average /
[Bullish]: Trend following indicator for API highlights upward price direction is likely

[BULLISH]: Australian Pharmaceutical 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%.

Stochastic Oscillator /
Initiation of overbought signal for Australian Pharmaceutical [Bearish Crossover]

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

Open Tod Vs Close Tod /
Open/close reversal: Buyers have taken control during the trading day for Australian Pharmaceutical

[BULLISH]: Australian Pharmaceutical opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 80%. This suggests the buyers have taken control. Over the last 12 months there has been 22 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 8.4%. Over the last month there has been 1 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 6.7%.

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

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

Australian Pharmaceutical has initiated a positive rate of change of 2.652
Rate of Change /
Australian Pharmaceutical has initiated a positive rate of change of 2.652

[BULLISH CROSSOVER]: Australian Pharmaceutical currently has positive rate of change of 2.652%. 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

CMF signal undefined from zero line for API
Chaikin Money Flow /
CMF signal undefined from zero line for API

API: Chaikin Oscillator Recent Trading -> (1) 22 Jun: -0.04 (2) 21 Jun: -0.12 (3) 20 Jun: -0.1

Pivot Points /
Pivot point for API is bullish. Stoploss should be positioned @$1.295

Australian Pharmaceutical has broken the first resistance point ($1.375) [Bullish]. Look for a long limit order entry near this point. Exit price for API should be set @$1.395 & Stoploss for Australian Pharmaceutical should be set between $1.295 & $1.275

Close Tod Vs Range Tod /
This is the first day of buyer commitment for Australian Pharmaceutical adding strength to an uptrend in the first timeframe

API: Close versus price range Current Signal ->(1) 22 Jun: BULLISH (2) 21 Jun: NEUTRAL (3) 20 Jun: BULLISH

Daily trading has increased the bull power to drive prices for Australian Pharmaceutical
Elder Ray Index /
Daily trading has increased the bull power to drive prices for Australian Pharmaceutical

[BULLISH]: Australian Pharmaceutical Elder Ray Index is signalling a Bullish movementERI is 0.031 indicating bull power. Prices are being driven above the consensus of value for API during the last trading session [Buying Pressure]

[Bullish]: Range has increased for API during the last trading session
Price Range /
[Bullish]: Range has increased for API during the last trading session

[BULLISH]: Australian Pharmaceutical current uptrend in the first timeframe. Currently, the Range is $0.05.

API Basic Candle: Long White
Long White Candle /
API Basic Candle: Long White

[BULLISH]: Australian Pharmaceutical has formed a Long White candlestick. This means, API has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Bear Harami /
Australian Pharmaceutical: Bear Harami

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

Low Price /
Recent trading for Australian Pharmaceutical fell short of the previous low by -1.1 %

API: LOW Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BULLISH (3) 20 Jun: NEUTRAL

Close Tod Vs Close Yest /
Daily trading performance for API has continued a short term uptrend

API: Recent performance signals ->(1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Volume Rate of Change /
Positive VROC for Australian Pharmaceutical is a leading indicator for continued price rise

[BULLISH]: Australian Pharmaceutical currently has positive volume of change of 117%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.1%.

Closing price for API is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for API is still below the lower envelope signalling a bullish movement

[BULLISH]: Australian Pharmaceutical current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.273.

Australian Pharmaceutical: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
Australian Pharmaceutical: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Australian Pharmaceutical current price has highlighted recent buying pressure. Currently, the Elders Force Index is 4541.

Percentage Volume /
Australian Pharmaceutical: Percentage Volume Oscillator @9.97 [Bullish]

API: PVO Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

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