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

Appen
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Recent trading highlights continued buying pressure is present for APX
Elders Force Index /
Recent trading highlights continued buying pressure is present for APX

[BULLISH]: Appen current price has highlighted recent buying pressure. Currently, the Elders Force Index is 218805.

Appen: Daily price range is $0.28 [Decreasing Range]
Price Range /
Appen: Daily price range is $0.28 [Decreasing Range]

APX: Price Range Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH

Range Tod Vs Range Yest /
This is the first day sellers have decreased eagerness for APX reducing strength of a continued downtrend in the first timeframe.

[WEAK BULLISH]: Appensellers are becoming less eager. This is the first day sellers have decreased eagerness for APX reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $1.18 & the greatest daily price range this year has been $5.86. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.2x.

MACD Volume /
The Volume MACD has now fallen below the signal line for APX [Bearish Crossover]

[BEARISH CROSSOVER]: Appen currently has negative Volume MACD of -1169. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Low Price /
Appen: Daily low performance is -1.9 % [Downtrend]

APX: LOW Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH

High Wave Line /
Appen: High Wave Line

[REVERSAL]: Appen has formed a new High Wave Line reversal pattern.

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Percentage Volume /
Appen: Percentage Volume Oscillator @10.5 [Bullish]

APX: PVO Recent Trading -> (1) 12 Dec: 10.5 (2) 11 Dec: 14.85 (3) 08 Dec: 9.18

Sellers are now keener than buyers for Appen & are driving the price down.
Close Tod Vs Close Yest /
Sellers are now keener than buyers for Appen & are driving the price down.

[BEARISH]: Appensellers are keener than buyers and are driving the price down. This is the first day of price decline for APX adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.6 & the greatest daily negative change this year has been -11.3. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -11.3%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -11.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 1.4x. Over the last month the average daily downward movement has been -1.8%

Appen: Price Percentage Oscillator (8.800)
Percentage Price /
Appen: Price Percentage Oscillator (8.800)

APX: PPO Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH

Demarks Pivot Points /
Appen has moved above the R1 DeMark pivot point ($7.7475) [Bullish]

Appen has broken the first DeMark resistance point ($7.7475) [Bullish]. Look for a long limit order entry near this point. Exit price for APX should be set @$7.845 & Stoploss for Appen should be set at $7.565

Weighted Moving Average /
[Downtrend]: Recent trading for APX confirms bearish WMA(5) signal

APX: WMA Current Signal -> (1) 12 Dec: BULLISH CROSSOVER (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

Williams %R /
APX: William %R has traded below the overbought limit @-17.8

APX: William %R Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH CROSSUNDER

[Bearish]: Lower close has formed for APX by -0.6 % during the last trading session
Closing Price /
[Bearish]: Lower close has formed for APX by -0.6 % during the last trading session

APX: CLOSE Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: NEUTRAL (3) 08 Dec: BEARISH

14-day rate of change is increasing for Appen
Rate of Change /
14-day rate of change is increasing for Appen

[BULLISH]: Appen currently has positive rate of change of 35.2%. 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

Moving Average Envelope /
[Bearish]: Appen current trading has maintained the Envelope Bands to overbought status

[BEARISH]: Appen current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 6.7410.

Commodity Channel Index /
Trading conditions for Appen have reduced trend reversal potential

[NEUTRAL]: Appen current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 87. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 544.

Triangular Moving Average /
Appen: Triangular Moving Average(5) (7.585)

[BULLISH]: Appen 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 -0.6%.

Price was easily moved downward in recent trading on low volume causing an downtrend in price for APX
Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for APX

APX: EOM Recent Trading -> (1) 12 Dec: -14.844 (2) 11 Dec: 7.259 (3) 08 Dec: 9.209

Stochastic overbought signal has just been neutralized for Appen
Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Appen

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

The MACD continues to rise above the signal line for APX [Bullish]
MACD /
The MACD continues to rise above the signal line for APX [Bullish]

[BULLISH]: Appen currently has positive MACD of 0.143000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 31.5%.

Black Candle /
APX Basic Candle: Black

[BEARISH]: Appen has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

On Balance Volume /
Appen is being actively accumulated based on OBV

APX: OBV Current Signal ->(1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH

Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for APX

[Trend]: ADX for APX has confirmed a strong trend is presentAppen has an ATR(14) of 0.38, a DX of 50.34 & an ADX(14) of 35.14

Elder Ray Index /
Prices are being driven above the consensus of value for APX [Bullish]

[BULLISH]: AppenElder Ray Index is signalling a Bullish movementERI is 0.697 indicating bull power. Prices are being driven above the consensus of value for APX during the last trading session [Buying Pressure]

Appen: Aroon Oscillator (52)
Aroon Oscillator /
Appen: Aroon Oscillator (52)

[BULLISH]: Appen has a current ARO(25) of 52. This has change 0 points from yesterday.

Price continues to trade above the Exponential Moving Average(5) for APX
Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for APX

[BULLISH]: Appen 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 -0.6%.

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

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

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