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

Avon Resources
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Avon Resources: Ulcer Index 0.812 [Low Stress]
Ulcer Index /
Avon Resources: Ulcer Index 0.812 [Low Stress]

[BEARISH]: Avon Resources UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.812.

Percentage Price /
Avon Resources currently has positive PPO 0.265

[BULLISH CROSSOVER]: Avon Resources currently has positive PPO 0.265%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Moving Average Envelope /
Avon Resources is still oversold with the Lower Envelope Band @$2.052

[BULLISH]: Avon 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 2.052.

Ease of Movement /
AVN was difficult to move upward during the last trading day indicating a ST uptrend

AVN: EOM Recent Trading -> (1) 17 May: 0.246 (2) 16 May: -0.265 (3) 15 May: -0.17

Triangular Moving Average /
[Bearish]: Trend following indicator for AVN highlights downward price direction is likely

[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 0.0%.

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Woodie Pivot Point /
Avon Resources: Look for a long limit order entry @$2.176

Avon Resources has broken the first Woodie resistance point ($2.176) [Bullish]. Look for a long limit order entry near this point. Exit price for AVN should be set @$2.198 & Stoploss for Avon Resources should be set at $2.138

Negative momentum confirmation for AVN is a leading indicator for continued price falls
Momentum /
Negative momentum confirmation for AVN is a leading indicator for continued price falls

[BEARISH CROSSOVER]: Avon Resources currently has negative momentum of -0.03 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 11 days producing a return of -3.1%.

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

AVN: SWMA Recent Trading -> (1) 17 May: 2.175 (2) 16 May: 2.181 (3) 15 May: 2.185

Coles Reaction Day /
AVN: Short term trend has confirmed a rally day

Avon Resources: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for AVN

Bill Williams Market Facilitation /
BWFI has signalled a Fake Day for Avon Resources

AVN: BWMF Current Signal -> (1) 17 May: Fake Day (2) 16 May: Squat Day (3) 15 May: Fake Day

Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for AVN during the last trading session

[BULLISH]: Avon Resources Elder Ray Index is signalling a Bullish movementERI is 0.021 indicating bull power. Prices are being driven above the consensus of value for AVN during the last trading session [Buying Pressure]

Avon Resources: Opening price is $2.17 (-0.5 %)
Opening Price /
Avon Resources: Opening price is $2.17 (-0.5 %)

[BULLISH]: Avon Resources opening price has gapped up. Currently, the OPEN is $2.17 (-0.5 %).

Distribution has commenced for Avon Resources
Accumulation / Distribution /
Distribution has commenced for Avon Resources

[BEARISH CROSSOVER]: Avon Resources current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the ADLINE is -652809.

Elders Force Index /
Avon Resources: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Avon Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1526.

Low Price /
Avon Resources: Daily low price is $2.16 [Lower Low]

[BEARISH]: Avon Resources current uptrend in the first timeframe. Currently, the Low is $2.16 (0.5 %).

Aroon Oscillator /
Aroon oscillator for Avon Resources has signalled a strong uptrend is active

[BULLISH]: Avon Resources has a current ARU(25) of 84 and a current ARD(25) of 28

Avon Resources is no longer overbought [Neutral]
Stochastic Oscillator /
Avon Resources is no longer overbought [Neutral]

AVN: Stochastic Oscillator Trading -> (1) 17 May: 40 (2) 17 May: 90 (3) 17 May: 100

Negative VROC: Volume is now lower for Avon Resources than 14 days ago
Volume Rate of Change /
Negative VROC: Volume is now lower for Avon Resources than 14 days ago

AVN: VROC Current Signal -> (1) 17 May: BEARISH CROSSOVER (2) 17 May: BULLISH CROSSOVER (3) 17 May: BEARISH

Avon Resources: Shooting Star
Shooting Star /
Avon Resources: Shooting Star

[BULLISH]: Avon Resources has formed a new Shooting Star pattern.

MACD Volume /
Avon Resources: Volume MACD (-55736)

[BEARISH CROSSOVER]: Avon Resources currently has negative Volume MACD of -55736. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Black Candle /
AVN Basic Candle: Black

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

Williams %R /
Avon Resources is no longer overbought [Neutral]

AVN: William %R Recent Trading -> (1) 17 May: -60 (2) 17 May: -10 (3) 17 May: 0

Short Trend /
[Uptrend]: A higher high has been achieved for last trading day for AVN

AVN: Daily Trend Current Signal -> (1) 17 May: BULLISH CONFIRM (2) 16 May: BEARISH (3) 15 May: OUTSIDE DAY CONFIRM

Detrended Price for AVN has signalled bullish price movements are likely
Detrended Price Oscillator /
Detrended Price for AVN has signalled bullish price movements are likely

[BULLISH]: Avon Resources currently has a confirmed uptrend. Price is currently above the displaced moving average for AVN. Currently, the return on DPO20 is 0.0%.

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

[BEARISH]: Avon Resources sellers in control. This is the first day of seller commitment for Avon Resources 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 91 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.6%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 23.1%. Currently this quarter, closing price has spent 10 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.4x.

Average True Range /
Avon Resources: Average True Range (0.037) has confirmed an uptrend is present

AVN: Average True Range Recent Trading -> (1) 17 May: 0.037 (2) 17 May: 0.018 (3) 17 May: 0.007

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