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

Cimic
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Cimic : Buyers have taken control.
Open Tod Vs Close Tod /
Cimic : Buyers have taken control.

[BULLISH]: Cimic opened in the middle part of daily range at 48% & closed in the upper part of the trading range at 72%. This suggests the buyers have taken control. Over the last 12 months there has been 27 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 10.3%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 12.5%.

CMF signal weak with no direction clear for CIM
Chaikin Money Flow /
CMF signal weak with no direction clear for CIM

CIM: Chaikin Oscillator Current Signal -> (1) 11 Jan: NEUTRAL (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Low Price /
Recent trading for Cimic fell short of the previous low by -1.3 %

[BULLISH]: Cimic current downtrend in the first timeframe. Currently, the Low is $50.54 (-1.3 %).

Percentage Price /
PPO: The shorter moving average for CIMis now above the longer term moving average

CIM: PPO Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH CROSSOVER

Rate of Change /
Rate of change(14) is now decreasing for Cimic

[BEARISH CROSSOVER]: Cimic currently has negative rate of change of -3.1%. 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

Detrended Price Oscillator /
Daily trading has now confirmed a DPO(20) bearish crossover for Cimic

[BEARISH]: Cimic currently has a confirmed downtrend. Price is currently below the displaced moving average for CIMCurrently, the return on DPO20 is -0.7%.

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

[BEARISH]: Cimic current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 53.9700.

Traders are currently Distributing Cimic
On Balance Volume /
Traders are currently Distributing Cimic

[BEARISH]: Cimic current price has highlighted recent distribution. Currently, the OBV is -520019.

Pivot point for CIM is bullish. Stoploss should be positioned @$50.327
Pivot Points /
Pivot point for CIM is bullish. Stoploss should be positioned @$50.327

Cimic has broken the first resistance point ($51.114) [Bullish]. Look for a long limit order entry near this point. Exit price for CIM should be set @$51.327 & Stoploss for Cimic should be set between $50.327 & $50.114

Average True Range /
CIM: Average True Range has confirmed an uptrend @0.68

CIM: Average True Range Recent Trading -> (1) 11 Jan: 0.68 (2) 11 Jan: 0.01 (3) 11 Jan: 0.065

White Candle /
CIM Basic Candle: White

[BULLISH]: Cimic has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Camarilla Pivot Points /
Cimic has moved above the R1 Camarilla pivot point ($55.136) [Bullish]

Cimic has broken the first Camarilla resistance point ($55.136) [Bullish]. Look for a long limit order entry near this point. Exit price for CIM should be set @$59.371 & Stoploss for Cimic should be set between $42.429 & $38.193

Distribution still active for Cimic
Accumulation / Distribution /
Distribution still active for Cimic

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

Volume rate of change(14) is increasing for Cimic
Volume Rate of Change /
Volume rate of change(14) is increasing for Cimic

CIM: VROC Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

Gap Down /
A short term Gap Down has formed with Cimic

[BULLISH]: A short term Gap Down has formed with Cimic which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 6 occurrences of this bar reversal giving a signal probability of 2.3%.

Fibonacci Extensions /
Cimic has moved above the 161.8% extension level ($0.24) [Bearish]

Cimic has moved above the 161.8% level ($0.24) [Bearish]. Look for a short limit order entry near this point. Exit price for CIM should be set @$0.28 & short position stoploss for Cimic should be set at $0.21

Williams %R /
William %R oversold signal had been initiated for Cimic

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

The SWMA trend following signal is now active for Cimic  [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is now active for Cimic [Bullish]

[BEARISH]: Cimic 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 -0.7%.

Negative momentum on the MACD histogram for CIM has been confirmed & supports a bearish move is likely
MACD /
Negative momentum on the MACD histogram for CIM has been confirmed & supports a bearish move is likely

[BEARISH CROSSOVER]: Cimic currently has negative MACD of -0.171000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.5%.

Woodie Pivot Point /
Cimic has broken the first Woodie resistance point ($51.15) [Bullish]

Cimic has broken the first Woodie resistance point ($51.15) [Bullish]. Look for a long limit order entry near this point. Exit price for CIM should be set @$51.345 & Stoploss for Cimic should be set at $50.345

Elders Force Index /
Elders Force Index (-21106) has signalled bearish conditions in recent trading for CIM

[BEARISH]: Cimic current price has highlighted recent selling pressure. Currently, the Elders Force Index is -21106.

Short Trend /
The daily range for Cimic has achieved a lower low [Downtrend]

[BEARISH]: Cimic is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 5

Aroon Oscillator /
Cimic : Aroon oscillator (16) has confirmed an uptrend is present

[BULLISH]: Cimic has a current ARO(25) of 16. This has change 84 points from yesterday.

Cimic : Daily high price is $51.04 [Lower High]
High Price /
Cimic : Daily high price is $51.04 [Lower High]

CIM: HIGH Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: NEUTRAL (3) 09 Jan: BEARISH

Momentum /
Momentum(5) is now decreasing for Cimic

[BEARISH CROSSOVER]: Cimic currently has negative momentum of -0.77 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.7%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -1.4%%.

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