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

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

[BULLISH]: Champion Iron current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.2445.

Champion Iron: Average True Range (0.046) has confirmed an downtrend is present
Average True Range /
Champion Iron: Average True Range (0.046) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Champion Iron has a TR of 0.03, and an ATR(14) of 0.046.

Short Black Candle /
CIA Basic Candle: Short Black

[BEARISH]: Champion Iron has formed a Short Black candlestick. This means, CIA 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.

Volume Rate of Change /
Champion Iron: Volume rate of Change (14)

[BULLISH]: Champion Iron currently has positive volume of change of 52%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -2.2%.

Ease of Movement /
Recent trading was only supported by high volume for Champion Iron

CIA: EOM Current Signal -> (1) 24 May: BEARISH HARD (2) 23 May: BULLISH HARD (3) 22 May: BEARISH HARD

Percentage Volume /
CIA: The return on PVO is 0%.

[BULLISH CROSSOVER]: Champion Iron currently has positive PVO 0.68%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

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Exponential Moving Average /
Champion Iron: Closing price $1.33 is below the EMA(5) @$1.3423

[BEARISH]: Champion Iron 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 -2.2%.

[Uptrend]: The second timeframe trend for Champion Iron remains intact
Medium Trend /
[Uptrend]: The second timeframe trend for Champion Iron remains intact

[BULLISH]: Champion Iron has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 22 2018.

Champion Iron: Current trading activity signals DVI accumulation is present
Daily Volume Index /
Champion Iron: Current trading activity signals DVI accumulation is present

[BULLISH]: Champion Iron current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 450.

Close Tod Vs Close Yest /
The win ratio for price fall in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x

[BEARISH]: Champion Ironsellers are keener than buyers and are driving the price down. This is the first day of price decline for CIA adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -7.8 & the greatest daily negative change this year has been -13.2. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -21.3%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -7.8%. 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 0.9x. Over the last month the average daily downward movement has been -2.800000%

Elder Ray Index /
Champion Iron: Elder Ray Index is 0.02 [Bullish]

[BULLISH]: Champion Iron Elder Ray Index is signalling a Bullish movementERI is 0.02 indicating bull power. Prices are being driven above the consensus of value for CIA during the last trading session [Buying Pressure]

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

CIA: Close versus price range Current Signal ->(1) 24 May: BEARISH (2) 23 May: BULLISH (3) 22 May: BULLISH

[Bullish]: Champion Iron has beaten previous low by 0.4 %
Low Price /
[Bullish]: Champion Iron has beaten previous low by 0.4 %

[BEARISH]: Champion Iron current uptrend in the first timeframe. Currently, the Low is $1.33 (0.4 %).

Champion Iron: Daily volume is 108931 [Higher Volume]
Volume /
Champion Iron: Daily volume is 108931 [Higher Volume]

[BULLISH]: Champion Iron current volume uptrend in the first timeframe. Volume for CIA is 108931 (36.5).

Price Range /
[Bearish]: Champion Iron has failed beat previous trading range

CIA: Price Range Current Signal -> (1) 24 May: BEARISH (2) 23 May: BULLISH (3) 22 May: BEARISH

Rate of Change /
Negative ROC: Price is now trading lower for Champion Iron than 14 days ago

[BEARISH CROSSOVER]: Champion Iron currently has negative rate of change of -4.317%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Hook Reversal /
A short term Hook Reversal has formed with Champion Iron

[BEARISH]: A short term Hook Reversal has formed with Champion Iron which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 6 occurrences of this bar reversal giving a signal probability of 2.3%.

Ulcer index has reduced in stress level for CIA & low drawdown is expected
Ulcer Index /
Ulcer index has reduced in stress level for CIA & low drawdown is expected

[BEARISH]: Champion Iron UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.552.

[Downtrend]: Recent trading for CIA confirms bearish SMA(5) signal
Simple Moving Average /
[Downtrend]: Recent trading for CIA confirms bearish SMA(5) signal

[BEARISH]: Champion Iron 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 -2.2%.

Woodie pivot point for CIA is bearish. Stoploss should be positioned @$1.368
Woodie Pivot Point /
Woodie pivot point for CIA is bearish. Stoploss should be positioned @$1.368

Champion Iron has broken the first Woodie support point ($1.316) [Bearish]. Look for a short limit order entry near this point. Exit price for CIA should be set @$1.308 & short position stoploss for Champion Iron should be set at $1.368

High Price /
Champion Iron: Daily high performance is -1.1 % [Downtrend]

[BEARISH]: Champion Iron current downtrend in the first timeframe. Currently, the HIGH is -1.1 %.

Fibonacci Extensions /
[Long]: Entry price for CIA should be set @$6.77

Champion Iron has moved below the 161.8% level ($6.77) [Bullish]. Look for a long limit order entry near this point. Exit price for CIA should be set @$7.3 & Stoploss for Champion Iron should be set at $6.24

Triangular Moving Average /
CIA: Price has moved below the TMA(5) @$1.346

CIA: TMA Recent Trading -> (1) 24 May: 1.3460 (2) 23 May: 1.3450 (3) 22 May: 1.3410

Aroon Oscillator /
Recent trading indicates Aroon upward trend direction likely for CIA [Uptrend]

CIA: Aroon Oscillator Current Signal -> (1) 24 May: BULLISH (2) 23 May: BULLISH (3) 22 May: BULLISH

CMF signal undefined from zero line for CIA
Chaikin Money Flow /
CMF signal undefined from zero line for CIA

CIA: Chaikin Oscillator Current Signal -> (1) 24 May: NEUTRAL (2) 23 May: BULLISH (3) 22 May: BULLISH

Champion Iron: Stoploss for short position should be set between $1.37 & $1.38
Pivot Points /
Champion Iron: Stoploss for short position should be set between $1.37 & $1.38

Champion Iron current pivot point is: 1.34. The current resistance levels are: (R1) $1.35: (R2) $1.37: (R3) $1.38: The current support levels are: (S1) $1.32: (S2) $1.31: (S3) $1.29

Sine Weighted Moving Average /
CIA: Price has moved below the SWMA(5) @$1.345

[BEARISH]: Champion Iron 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 -2.2%.

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