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

Alumina
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Positive momentum on the MACD histogram for AWC is maintained & supports a bullish move is likely
MACD /
Positive momentum on the MACD histogram for AWC is maintained & supports a bullish move is likely

AWC: MACD Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BEARISH CROSSOVER

Bull power has increased for Alumina signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Alumina signalling bullish conditions are likely

[BULLISH]: AluminaElder Ray Index is signalling a Bullish movementERI is 0.026 indicating bull power. Prices are being driven above the consensus of value for AWC during the last trading session [Buying Pressure]

High Price /
Recent trading for AWC has failed to beaten the previous high by -0.4 % [Downtrend]

[BEARISH]: Alumina current downtrend in the first timeframe. Currently, the HIGH is -0.4 %.

Opening Price /
AWC opening price of $2.34 (0.9 %)

AWC: OPEN Current Signal -> (1) 20 Feb: NEUTRAL (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH

Close Tod Vs Close Yest /
Closing price for Alumina has seen sellers win the daily battle for performance @ -0.9%

[BEARISH]: Aluminasellers are keener than buyers and are driving the price down. This is the first day of price decline for AWC adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -3.3 & the greatest daily negative change this year has been -3.3. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -8.8%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -3.9%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -1.3%

Ulcer index has increased in stress level & high drawdown is expected for Alumina
Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Alumina

[BULLISH]: Alumina UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.109.

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Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Alumina

[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 2.2515.

Negative ROC for AWC is a leading indicator for continued price fall
Rate of Change /
Negative ROC for AWC is a leading indicator for continued price fall

AWC: ROC Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH

DeMark pivot point for AWC is bullish. Stoploss should be positioned @$2.295
Demarks Pivot Points /
DeMark pivot point for AWC is bullish. Stoploss should be positioned @$2.295

Alumina has broken the first DeMark resistance point ($2.3175) [Bullish]. Look for a long limit order entry near this point. Exit price for AWC should be set @$2.33 & Stoploss for Alumina should be set at $2.295

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Alumina indicating upward price movement is likely

[BULLISH]: Alumina currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.9%.

Detrended Price Oscillator /
Alumina: Detrended Price Oscillator(20) (-0.138)

[BEARISH]: Alumina currently has a confirmed downtrend. Price is currently below the displaced moving average for AWCCurrently, the return on DPO20 is -0.9%.

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.

[Uptrend]: Recent trading for AWC indicates ST trend is likely to continue
Simple Moving Average /
[Uptrend]: Recent trading for AWC indicates ST trend is likely to continue

[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 -0.9%.

AWC Basic Candle: Short Black
Short Black Candle /
AWC Basic Candle: Short Black

[BEARISH]: Alumina has formed a Short Black candlestick. This means, AWC has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

On Balance Volume /
Traders are currently Distributing Alumina

[BEARISH]: Alumina current price has highlighted recent distribution. Currently, the OBV is -1.20378e+008.

Volume /
AWC has achieved a lower volume of 7.74221e+006 (-7.4)

[BEARISH]: Alumina current volume downtrend in the first timeframe. Volume for AWC is7.74221e+006 (-7.4).

Ease of Movement /
Price moved on high volume to close higher for the day for AWC [Difficult to Move]

AWC: EOM Current Signal -> (1) 20 Feb: BULLISH HARD (2) 19 Feb: BULLISH HARD (3) 16 Feb: BULLISH HARD

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

AWC: PPO Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH

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

[BEARISH WEAK]: Alumina opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 42.9%. This suggests the sellers have lost commitment. Over the last 12 months there has been 30 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 11.4%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 23.1%.

AWC: Current trading activity signals distribution is active
Accumulation / Distribution /
AWC: Current trading activity signals distribution is active

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

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

[BEARISH]: Alumina current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.06. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.2

Closing Price /
Alumina has failed to achieve a higher close of $2.32 (-0.9 %)

AWC: CLOSE Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BULLISH (3) 16 Feb: BEARISH

Triangular Moving Average /
Alumina: Triangular Moving Average(5) (2.274)

[BULLISH]: Alumina currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.9%.

Low Price /
Strong price performance from AWC has seen a lower low of 0.9 % [Uptrend]

AWC: LOW Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH

Alumina has broken above the 161.8% extension level ($0) [Bearish]
Fibonacci Extensions /
Alumina has broken above the 161.8% extension level ($0) [Bearish]

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

[Uptrend]: Recent trading for AWC indicates ST trend is likely to continue
Weighted Moving Average /
[Uptrend]: Recent trading for AWC indicates ST trend is likely to continue

[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 -0.9%.

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Alumina indicating upward price movement is likely

[BULLISH]: Alumina currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.9%.

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