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

Avon Resources
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[Downtrend]: Recent trading for AVN indicates ST trend is likely to continue
Triangular Moving Average /
[Downtrend]: Recent trading for AVN indicates ST trend is likely to continue

[BEARISH]: Avon 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 0.5%.

The WMA trend following signal is still current for Avon Resources [Bearish]
Weighted Moving Average /
The WMA trend following signal is still current for Avon Resources [Bearish]

AVN: WMA Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

Average True Range /
AVN: Average True Range has confirmed an uptrend @0.053

AVN: Average True Range Recent Trading -> (1) 16 Feb: 0.053 (2) 15 Feb: 0.052 (3) 14 Feb: 0.051

Low Price /
[Bullish]: Avon Resources has beaten previous low by 0 %

AVN: LOW Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Demarks Pivot Points /
Limit order for a long position has been identified for Avon Resources [Bullish]

Avon Resources has broken the first DeMark resistance point ($2.1075) [Bullish]. Look for a long limit order entry near this point. Exit price for AVN should be set @$2.125 & Stoploss for Avon Resources should be set at $2.065

Open Tod Vs Close Tod /
Open/close reversal confirmed for Avon Resources signalling the sellers were in control all day

[BEARISH STRONG]: Avon Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 16.7%. This suggests the sellers were in control all day. Over the last 12 months there has been 32 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 12.2%. Over the last month there has been 2 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 18.2%.

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Pivot Points /
[Long]: Entry price for AVN should be set @$2.136

Avon Resources has broken the first resistance point ($2.136) [Bullish]. Look for a long limit order entry near this point. Exit price for AVN should be set @$2.173 & Stoploss for Avon Resources should be set between $2.053 & $2.016

AVN Basic Candle: Black
Black Candle /
AVN Basic Candle: Black

AVN: Basic Candlestick Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Positive momentum: Price is trading higher for Avon Resources than 5 days ago
Momentum /
Positive momentum: Price is trading higher for Avon Resources than 5 days ago

[BULLISH]: Avon Resources currently has positive momentum of 0.02. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.5%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 0%%.

Price Range /
Recent trading for Avon Resources has surpassed the previous price range ($0.06)

AVN: Price Range Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BEARISH (3) 14 Feb: BULLISH

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-76) for Avon Resources

[BEARISH]: Avon Resources has a current ARO(25) of -76. This has change 0 points from yesterday.

Volume Rate of Change /
14-day volume rate of change is increasing for Avon Resources

[BULLISH]: Avon Resources currently has positive volume of change of 84%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.5%.

Avon Resources: Bull Harami
Bull Harami /
Avon Resources: Bull Harami

[BEARISH]: Avon Resources has formed a new Bear Belt-Hold reversal pattern.

Avon Resources is being actively distributed
Accumulation / Distribution /
Avon Resources is being actively distributed

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

Bill Williams Market Facilitation /
Market movement continuation likely for AVN as a result of Fake Day

AVN: BWMF Recent Trading -> (1) 16 Feb: Fake Day (2) 15 Feb: Fake Day (3) 14 Feb: Fake Day

Percentage Volume /
Positive momentum on volume for AVN is maintained & supports a bullish move is likely

[BULLISH]: Avon Resources currently has positive PVO 16.4%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -1.8%.

Ulcer Index /
Recent trading has highlighted low Ulcer index for Avon Resources

[BEARISH]: Avon Resources UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.667.

Volume MACD for Avon Resources continues to gain momentum @26826)
MACD Volume /
Volume MACD for Avon Resources continues to gain momentum @26826)

[BULLISH]: Avon Resources currently has positive Volume MACD of 26826. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Avon Resources: Sellers are in control at the market close.
Close Tod Vs Range Tod /
Avon Resources: Sellers are in control at the market close.

AVN: Close versus price range Current Signal ->(1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Woodie pivot point for AVN is bullish. Stoploss should be positioned @$2.05
Woodie Pivot Point /
Woodie pivot point for AVN is bullish. Stoploss should be positioned @$2.05

Avon Resources has broken the first Woodie resistance point ($2.13) [Bullish]. Look for a long limit order entry near this point. Exit price for AVN should be set @$2.17 & Stoploss for Avon Resources should be set at $2.05

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Avon Resources

[BEARISH]: Avon Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for AVNCurrently, the return on DPO20 is 0.5%.

Sine Weighted Moving Average /
Avon Resources: Closing price $2.1 is below the SWMA(5) @$2.115

[BEARISH]: Avon 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 0.5%.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Avon Resources indicating downward price movement is likely

[BEARISH]: Avon Resources 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 0.5%.

Avon Resources is in a short term downtrend with the closing price @$2.1
Simple Moving Average /
Avon Resources is in a short term downtrend with the closing price @$2.1

[BULLISH]: Avon 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 0.5%.

AVN opening price of $2.15 (1.9 %)
Opening Price /
AVN opening price of $2.15 (1.9 %)

[BULLISH]: Avon Resources opening price has gapped up. Currently, the OPEN is $2.15 (1.9 %).

Close Tod Vs Close Yest /
The biggest upward movement for Avon Resources this month has been 2.9

[BULLISH]: Avon Resourcesbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for AVN adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.9 & the greatest daily positive change this year has been 2.9. The longest consecutive upswing rally over the last 12 months has been 9 days giving a total rally upward movement of 5.4%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 3.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 1.1%

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