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

Alumina
+ Share

Alumina: Volume MACD oscillator (-449552)
MACD Volume /
Alumina: Volume MACD oscillator (-449552)

[BEARISH]: Alumina currently has negative Volume MACD of -449552. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Low for AWC has surpassed the low of the previous trading session
Low Price /
Low for AWC has surpassed the low of the previous trading session

[BEARISH]: Alumina current uptrend in the first timeframe. Currently, the Low is $2.29 (2.5 %).

Percentage Price /
PPO: The shorter moving average for AWCis still below the longer term moving average

[BEARISH]: Alumina currently has negative PPO -0.500%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Accumulation / Distribution /
Market conditions are indicating distribution is current for AWC

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

Opening Price /
Recent trading has opened 2.7 % higher than previous close for AWC

[BULLISH]: Alumina opening price has gapped up. Currently, the OPEN is $2.3 (2.7 %).

Ulcer Index /
Drawdown for Alumina is currently low signalling low stress

AWC: UIX Current Signal -> (1) 12 Dec: Low stress (2) 11 Dec: High stress (3) 08 Dec: High stress

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Weighted Moving Average /
Alumina is in a short term uptrend with the support price @$2.265

[BULLISH]: Alumina 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 0.4%.

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

[BULLISH]: Alumina currently has positive momentum of 0.09. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.4%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 3.1%%.

MACD oscillator remains positive for AWC
MACD /
MACD oscillator remains positive for AWC

[BULLISH]: Alumina currently has positive MACD of 0.008000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.4%.

Woodie Pivot Point /
Alumina has moved above the R1 Woodie pivot point ($2.322) [Bullish]

Alumina has broken the first Woodie resistance point ($2.322) [Bullish]. Look for a long limit order entry near this point. Exit price for AWC should be set @$2.351 & Stoploss for Alumina should be set at $2.261

Average True Range /
Alumina: Average True Range (0.068) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Alumina has a TR of 0.045, and an ATR(14) of 0.068.

Exponential Moving Average /
The EMA trend following signal is still current for Alumina [Bullish]

AWC: EMA(5) Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH CROSSOVER

Closing price for AWC is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for AWC is still below the lower envelope signalling a bullish movement

[BULLISH]: Alumina current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.1660.

Daily trading again produced an Uptrend bar for Alumina
Short Trend /
Daily trading again produced an Uptrend bar for Alumina

[BULLISH]: Alumina is in an uptrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 3

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for AWC

AWC: EOM Current Signal -> (1) 12 Dec: BULLISH HARD (2) 11 Dec: BULLISH HARD (3) 08 Dec: BULLISH HARD

Volume /
Alumina: Daily volume performance is -12.4 [Downtrend]

[BEARISH]: Alumina current volume downtrend in the first timeframe. Volume for AWC is9.59095e+006 (-12.4).

Chaikin Money Flow /
CMF has a bearish relationship between price and volume

AWC: Chaikin Oscillator Recent Trading -> (1) 12 Dec: -0.08 (2) 11 Dec: -0.12 (3) 08 Dec: -0.2

DVI: Accumulation has been initiated for Alumina
Daily Volume Index /
DVI: Accumulation has been initiated for Alumina

[BULLISH CROSSOVER]: Alumina current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Potential initiation of a trend reversal (Bearish) for Alumina
Commodity Channel Index /
Potential initiation of a trend reversal (Bearish) for Alumina

AWC: CCI Recent Trading -> (1) 12 Dec: 154 (2) 11 Dec: 72 (3) 08 Dec: -49

Alumina: Share price rise (0.4% signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Alumina: Share price rise (0.4% signals buyers are still keener than sellers

AWC: Recent performance signals ->(1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH

Elder Ray Index /
Buying pressure for AWC highlights ability of buyers to drive the price upwards

[BULLISH]: AluminaElder Ray Index is signalling a Bullish movementERI is 0.08 indicating bull power. Prices are being driven above the consensus of value for AWC during the last trading session [Buying Pressure]

Range Tod Vs Range Yest /
Alumina: Range Performance (-18.2)

[WEAK BEARISH]: Aluminabuyers are becoming less eager. This is the first day buyers have decreased eagerness for AWC reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.295 & the greatest daily price range this year has been $0.795. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.4x.

Stochastic Oscillator /
Stochastic Oscillator for AWC has crossed below the overbought limit triggering a neutral signal

[BEARISH]: Alumina is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Long Trend /
Alumina: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Alumina has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 15 2017.

AWC: Price continues to move above the SMA(5) @$2.246
Simple Moving Average /
AWC: Price continues to move above the SMA(5) @$2.246

[BEARISH]: Alumina currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.4%.

[Long]: Exit price for AWC should be set @$2.322
Demarks Pivot Points /
[Long]: Exit price for AWC should be set @$2.322

Alumina has broken the first DeMark resistance point ($2.30625) [Bullish]. Look for a long limit order entry near this point. Exit price for AWC should be set @$2.322 & Stoploss for Alumina should be set at $2.277

Open Tod Vs Close Tod /
Open/close reversal: Buyers have lost control during the trading day for Alumina

[BEARISH]: Alumina opened in the lower part of daily range at 22.2% & closed in the lower part of the trading range at 22.2%. This suggests the buyers have lost control. Over the last 12 months there has been 13 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 4.9%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

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