Cooper Energy

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Buyer commitment has continued for Cooper Energy adding strength to an uptrend in the first timeframe

Buyer commitment has continued for Cooper Energy adding strength to an uptrend in the first timeframe

[BULLISH]: Cooper Energy buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Cooper Energy adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 4 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 22.2%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 1 days in the lower range giving a ratio of 4x.

Cooper Energy: Rate of Change (14)

Cooper Energy: Rate of Change (14)

[BULLISH]: Cooper Energy currently has positive rate of change of 4.808%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Positive divergence for Cooper Energy @ 0.47

[BULLISH]: Cooper Energy current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.47. Cooper Energy (ASX:COE) received a confirmed CMF crossover days on the Apr 15 2019. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.47 occurring on the Apr 15 2019.

COE.AX is no longer overbought @ 59

[NEUTRAL]: Cooper Energy current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 59. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 194.

Cooper Energy: Buyers have taken control.

[BULLISH]: Cooper Energy opened in the middle part of daily range at 66.7% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. 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 5.6%.

Momentum(14) is increasing for Cooper Energy

Momentum(14) is increasing for Cooper Energy

[BULLISH]: Cooper Energy currently has positive momentum of 0.025. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -3.5%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 4.6%.

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