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

Avanco Resources
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CMF has positive divergence between price and volume
Chaikin Money Flow /
CMF has positive divergence between price and volume

AVB: Chaikin Oscillator Recent Trading -> (1) 11 Jan: 0.25 (2) 11 Jan: 0.15 (3) 11 Jan: 0.03

AVB: Aroon oscillator has confirmed an uptrend @32
Aroon Oscillator /
AVB: Aroon oscillator has confirmed an uptrend @32

[BULLISH]: Avanco Resources has a current ARU(25) of 88 and a current ARD(25) of 56

Elder Ray Index /
[Selling Pressure]: ERI has increased for Avanco Resources during the last trading session

[BEARISH]: Avanco ResourcesElder Ray Index is signalling a Bearish movementERI is -0.002 indicating bear power. Prices are being driven below the consensus of value for AVB during the last trading session [Selling Pressure]

Relative Strength Index /
Avanco Resources is now oversold with the RSI @16.1017

[BULLISH]: Avanco Resources is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @16.1017

Percentage Volume /
Avanco Resources: Percentage Volume Oscillator (-14.9)

AVB: PVO Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

Fibonacci Fans /
Avanco Resources is still above the 61.8% retracement fan level ($0) [Bullish]

Avanco Resources is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for AVB should be set @$7.97 & Stoploss for Avanco Resources should be set between $7.94

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Volume MACD oscillator is now negative for AVB
MACD Volume /
Volume MACD oscillator is now negative for AVB

[BEARISH CROSSOVER]: Avanco Resources currently has negative Volume MACD of -201448. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Recent trading signals Avanco Resources is being distributed
On Balance Volume /
Recent trading signals Avanco Resources is being distributed

[BEARISH]: Avanco Resources current price has highlighted recent distribution. Currently, the OBV is -774110.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for AVB has moved to the upper limit. Stoploss should be positioned @$0

Avanco Resources has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for AVB should be set @$0 & short position stoploss for Avanco Resources should be set at $0

Demarks Pivot Points /
[Short]: Exit price for AVB should be set @$0.088

Avanco Resources has broken the first DeMark support point ($0.08775) [Bearish]. Look for a short limit order entry near this point. Exit price for AVB should be set @$0.088 & short position stoploss for Avanco Resources should be set at $0.089

Bill Williams Market Facilitation /
[Green Day]: Both MFI & volume are up for Avanco Resources

Avanco Resources Currently is a confirmed Green Day. Both MFI & volume are down for AVB. Trend continuation likely for AVB from increased trading activity.

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

AVB: VROC Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

Recent trading highlights initial selling pressure is present for AVB
Elders Force Index /
Recent trading highlights initial selling pressure is present for AVB

AVB: Elders Force Index Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

Closing Price /
Avanco Resources: Daily closing price is $0.088 [Bullish]

AVB: CLOSE Recent Trading -> (1) 11 Jan: 0.088 (2) 10 Jan: 0.088 (3) 09 Jan: 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 0.0855.

Accumulation / Distribution /
Recent trading signals Avanco Resources is being accumulated

[BULLISH]: Avanco Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Camarilla pivot point for AVB is bearish. Stoploss should be positioned @$0.103
Camarilla Pivot Points /
Camarilla pivot point for AVB is bearish. Stoploss should be positioned @$0.103

Avanco Resources has broken the first Camarilla support point ($0.081) [Bearish]. Look for a short limit order entry near this point. Exit price for AVB should be set @$0.073 & short position stoploss for Avanco Resources should be set between $0.103 & $0.11

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.
Open Tod Vs Close Tod /
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.

[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 28 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 10.6%. Over the last month there has been 4 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 50%.

Triangular Moving Average /
Triangular Moving Average(5) signal is confirmed for Avanco Resources indicating downward price movement is likely

[BEARISH]: Avanco Resources currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0%.

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for AVB

[BULLISH]: Avanco Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Sine Weighted Moving Average /
The SWMA trend following signal is now active for Avanco Resources [Bearish]

[BEARISH]: Avanco Resources 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 0%.

High Price /
Strong price performance from AVB has seen a higher high of 0 % [Uptrend]

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

Avanco Resources has signalled an ATR trend present [Downtrend]
Average True Range /
Avanco Resources has signalled an ATR trend present [Downtrend]

AVB: Average True Range Recent Trading -> (1) 11 Jan: 0.003 (2) 11 Jan: 0.067 (3) 11 Jan: 0.323

Avanco Resources: Range Performance (0)
Range Tod Vs Range Yest /
Avanco Resources: Range Performance (0)

AVB: Range today versus range yesterday Recent Trading -> (1) 11 Jan: 0% (2) 11 Jan: -44.4% (3) 11 Jan: 20.8%

Opening Price /
Avanco Resources opening price of $0.088 (0 %)

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

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