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

Appen
+ Share

Selling pressure for APX highlights ability of sellers to drive the price downwards
Elder Ray Index /
Selling pressure for APX highlights ability of sellers to drive the price downwards

[BEARISH]: AppenElder Ray Index is signalling a Bearish movementERI is -0.35 indicating bear power. Prices are being driven below the consensus of value for APX during the last trading session [Selling Pressure]

Recent trading signals Appen is being distributed
Daily Volume Index /
Recent trading signals Appen is being distributed

[BEARISH]: Appen current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Woodie Pivot Point /
Appen has moved below the S1 Woodie pivot point ($8.024) [Bearish]

Appen has broken the first Woodie support point ($8.024) [Bearish]. Look for a short limit order entry near this point. Exit price for APX should be set @$7.922 & short position stoploss for Appen should be set at $8.422

Moving Average Envelope /
Closing price ($8.15) for APX is still below the Lower Envelope Band

[BULLISH]: Appen current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 8.0845.

MACD Volume /
Volume MACD oscillator remains negative for APX

[BEARISH]: Appen currently has negative Volume MACD of -24542. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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

[BULLISH]: Appen 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 -1.9%.

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Close Tod Vs Range Tod /
Daily trading for APX indicated sellers are now in control

[BEARISH]: Appen sellers in control. This is the first day of seller commitment for Appen adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 98 trading days with the closing price in the lower part of the range giving a confirmation ratio of 38.3%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 46.2%. Currently this quarter, closing price has spent 13 days in the lower price range compared to 4 days in the upper range giving a ratio of 3.3x.

The biggest upward movement for Appen this month has been -7.2
Close Tod Vs Close Yest /
The biggest upward movement for Appen this month has been -7.2

[BEARISH]: Appensellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for APX adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -7.2 & the greatest daily negative change this year has been -7.2. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -22.5%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -5.9%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -2.6%

Appen: Average True Range (0.345) has confirmed an downtrend is present
Average True Range /
Appen: Average True Range (0.345) has confirmed an downtrend is present

APX: Average True Range Recent Trading -> (1) 20 Feb: 0.345 (2) 19 Feb: 0.352 (3) 16 Feb: 0.345

Accumulation / Distribution /
Appen: Current trading activity signals distribution is present

[BEARISH]: Appen current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Weighted Moving Average /
Appen is in a short term downtrend with the closing price @$8.15

[BEARISH]: Appen currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.9%.

Stochastic Oscillator /
Stochastic Oscillator for APX has crossed below the oversold limit triggering a bullish crossover signal

APX: Stochastic Oscillator Signal -> (1) 20 Feb: BEARISH CROSSOVER (2) 19 Feb: NEUTRAL (3) 16 Feb: NEUTRAL

The EMA trend following signal is still current for Appen [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Appen [Bearish]

[BEARISH]: Appen currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.9%.

Volume is still below the short term EMA for APX [Bearish]
Percentage Volume /
Volume is still below the short term EMA for APX [Bearish]

APX: PVO Recent Trading -> (1) 20 Feb: -4.44 (2) 19 Feb: -4.28 (3) 16 Feb: -0.42

Commodity Channel Index /
APX: Commodity Channel Index has now confirmed oversold trading conditions

[BULLISH CROSSOVER]: Appen current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -105. During the quarter, the lowest CCI value was -173. The last oversold signal occurred on Feb 13 2018

Williams %R /
William %R oversold signal has just been triggered for Appen

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

Short Trend /
[Downtrend]: A lower low has been achieved again for last trading day for APX

[BEARISH]: Appen is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

DeMark pivot point for APX is bullish. Stoploss should be positioned @$7.985
Demarks Pivot Points /
DeMark pivot point for APX is bullish. Stoploss should be positioned @$7.985

Appen has broken the first DeMark resistance point ($8.1525) [Bullish]. Look for a long limit order entry near this point. Exit price for APX should be set @$8.235 & Stoploss for Appen should be set at $7.985

[Bullish]: New volume high has formed for APX by 65.3 during the last trading session
Volume /
[Bullish]: New volume high has formed for APX by 65.3 during the last trading session

[BULLISH]: Appen current volume uptrend in the first timeframe. Volume for APX is372524 (65.3).

Bearish trading conditions for Appen has been signalled from the DPO (-0.566)
Detrended Price Oscillator /
Bearish trading conditions for Appen has been signalled from the DPO (-0.566)

APX: DPO Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH

Price Range /
Range for APX has not surpassed the range of the previous trading session

[BEARISH]: Appen current downtrend in the first timeframe. Currently, the Range is $0.25.

Open Tod Vs Close Tod /
Appen: Sellers were in control all day.

[BEARISH STRONG]: Appen opened in the upper part of daily range at 92% & closed in the lower part of the trading range at 32%. This suggests the sellers were in control all day. Over the last 12 months there has been 47 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 18.4%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 30.8%.

Pivot Points /
Limit order for a short position has been identified for Appen [Bearish]

Appen current pivot point is: 8.18. The current resistance levels are: (R1) $8.29: (R2) $8.43: (R3) $8.54: The current support levels are: (S1) $8.04: (S2) $7.93: (S3) $7.79

Opening Price /
Recent trading has opened -2.9 % lower than previous close for APX

APX: OPEN Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH

Appen: Daily closing price is $8.15 [Bearish]
Closing Price /
Appen: Daily closing price is $8.15 [Bearish]

[BEARISH]: Appen current downtrend in the first timeframe. Currently, the Close is $8.15.

Negative ROC for Appen is a leading indicator for continued price fall
Rate of Change /
Negative ROC for Appen is a leading indicator for continued price fall

[BEARISH]: Appen currently has negative rate of change of -7.4%. 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

On Balance Volume /
APX: Current trading activity signals OBV accumulation is active

[BULLISH]: Appen current price has highlighted recent accumulation. Currently, the OBV is 220249.

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