[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.
AVN: EOM Recent Trading -> (1) 17 May: 0.246 (2) 16 May: -0.265 (3) 15 May: -0.17
[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%.
Australian Stock Exchange
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
[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%.
AVN: SWMA Recent Trading -> (1) 17 May: 2.175 (2) 16 May: 2.181 (3) 15 May: 2.185
[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]
[BULLISH]: Avon Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1526.
[BEARISH]: Avon Resources current uptrend in the first timeframe. Currently, the Low is $2.16 (0.5 %).
[BULLISH]: Avon Resources has a current ARU(25) of 84 and a current ARD(25) of 28
AVN: VROC Current Signal -> (1) 17 May: BEARISH CROSSOVER (2) 17 May: BULLISH CROSSOVER (3) 17 May: BEARISH
AVN: Daily Trend Current Signal -> (1) 17 May: BULLISH CONFIRM (2) 16 May: BEARISH (3) 15 May: OUTSIDE DAY CONFIRM
[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%.
[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.
AVN: Average True Range Recent Trading -> (1) 17 May: 0.037 (2) 17 May: 0.018 (3) 17 May: 0.007