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

Avanco Resources
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Traders are currently accumulating Avanco Resources
On Balance Volume /
Traders are currently accumulating Avanco Resources

[BULLISH]: Avanco Resources current price has highlighted recent accumulation. Currently, the OBV is 5.14466e+007.

The TMA trend following signal is still current for Avanco Resources [Bullish]
Triangular Moving Average /
The TMA trend following signal is still current for Avanco Resources [Bullish]

[BULLISH]: Avanco Resources 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 0.0%.

Exponential Moving Average /
Avanco Resources is in a short term uptrend with the support price @$0.1734

[BULLISH]: Avanco Resources 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 0.0%.

Average Directional Movement /
Average Directional Index for Avanco Resources has signalled a very strong trend is active

AVB: Average Directional Index Current Signal -> (1) 21 May: TREND VERY STRONG (2) 18 May: TREND STRONG (3) 21 May: TREND WEAK

MACD Volume /
Avanco Resources: Volume MACD @-54968 [Bearish]

[BEARISH]: Avanco Resources currently has negative Volume MACD of -54968. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Pivot Points /
Avanco Resources has moved below the S1 pivot point ($0.171) [Bearish]

Avanco Resources has broken the first support point ($0.171) [Bearish]. Look for a short limit order entry near this point. Exit price for AVB should be set @$0.168 & short position stoploss for Avanco Resources should be set between $0.178 & $0.181

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Percentage Price /
Avanco Resources currently has positive PPO 4.42

[BULLISH]: Avanco Resources currently has positive PPO 4.42%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Normal trading conditions are continued for Avanco Resources
Commodity Channel Index /
Normal trading conditions are continued for Avanco Resources

[NEUTRAL]: Avanco Resources current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 93. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 179.

Avanco Resources: Look for a long limit order entry @$0.1738
Demarks Pivot Points /
Avanco Resources: Look for a long limit order entry @$0.1738

Avanco Resources has broken the first DeMark resistance point ($0.1738) [Bullish]. Look for a long limit order entry near this point. Exit price for AVB should be set @$0.178 & Stoploss for Avanco Resources should be set at $0.173

Weighted Moving Average /
Avanco Resources: Closing price $0.175 is above the WMA(5) @$0.174

[BULLISH]: Avanco Resources 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 0.0%.

Fibonacci Extensions /
Stoploss for Avanco Resources should be set at $2.44

Avanco Resources: The current Fibonacci Extension levels are: (23.61%) $0.17: (38.2%) $0.17: (50%) $0.17: (61.8%) $0.16The current support levels are: (78.6%) $0.16: (100%) $0.16: (138.2%) $0.15: (161.8%) $0.14: (261.8%) $0.12: (423.61%) $0.09

Moving Average Envelope /
Envelope bands Oversold signal is still current for Avanco Resources [Bullish]

[BULLISH]: Avanco Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.1615.

[Bullish]: Elder Ray Index is 0.004 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.004 indicating bull power

[BULLISH]: Avanco Resources Elder Ray Index is signalling a Bullish movementERI is 0.004 indicating bull power. Prices are being driven above the consensus of value for AVB during the last trading session [Buying Pressure]

Price is currently above the displaced moving average for AVB [Bullish]
Detrended Price Oscillator /
Price is currently above the displaced moving average for AVB [Bullish]

AVB: DPO Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH CROSSOVER (3) 21 May: BEARISH

Momentum /
Positive momentum for AVB is a leading indicator for continued price rise

[BULLISH]: Avanco Resources currently has positive momentum of 0.005. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 3.1%.

Sine Weighted Moving Average /
AVB: Price continues to move above the SWMA(5) @$0.173

[BULLISH]: Avanco Resources currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Percentage Volume /
Percentage volume oscillator remains negative for AVB

AVB: PVO Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH CROSSOVER (3) 21 May: BULLISH

Avanco Resources has moved below the S1 Woodie pivot point ($0.173) [Bearish]
Woodie Pivot Point /
Avanco Resources has moved below the S1 Woodie pivot point ($0.173) [Bearish]

Avanco Resources current pivot point (Woodie) is: $0.174. The current resistance levels are: (R1) $0.178: (R2) $0.179The current support levels are: (S1) $0.173: (S2) $0.169

Avanco Resources continues negative divergence & potential shift in direction
Chaikin Money Flow /
Avanco Resources continues negative divergence & potential shift in direction

[BEARISH]: Avanco Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.05. AVB received a confirmed CMF crossover days on the May 1 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.22 occurring on the May 1 2018.

Ulcer index has reduced in stress level for AVB & low drawdown is expected
Ulcer Index /
Ulcer index has reduced in stress level for AVB & low drawdown is expected

[BEARISH]: Avanco Resources UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.786.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Avanco Resources signalling the sellers have lost control

[BULLISH]: Avanco Resources opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 29 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 11%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 20%.

Simple Moving Average /
[Bullish]: SMA(5) is serving as a support line for Avanco Resources

[BULLISH]: Avanco Resources 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 0.0%.

Volume Rate of Change /
14-day volume rate of change is now decreasing for Avanco Resources

[BEARISH CROSSOVER]: Avanco Resources currently has negative rate of change of -35%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

MACD /
MACD for Avanco Resources continues to lose momentum @-0.0007

AVB: MACD Recent Trading -> (1) 21 May: -0.0007 (2) 18 May: -0.0009 (3) 21 May: -0.0168

Avanco Resources: Uptrend for the medium term trend is continued
Medium Trend /
Avanco Resources: Uptrend for the medium term trend is continued

[BULLISH]: Avanco Resources is in an uptrend in the medium term timeframe. The current rally number is 68 & the highest rally count for the LTM is 68. The highest rally for the month is 15

Positive ROC: Price is trading higher for Avanco Resources than 14 days ago
Rate of Change /
Positive ROC: Price is trading higher for Avanco Resources than 14 days ago

[BULLISH]: Avanco Resources currently has positive rate of change of 9.375%. 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

Elders Force Index /
Bullish conditions for AVB are likely to continue based on EFI (4168)

AVB: Elders Force Index Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

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