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

Cochlear
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Cochlear: Bear Harami
Bear Harami /
Cochlear: Bear Harami

[BEARISH]: Cochlear has formed a new Bear Harami reversal pattern.

Cochlear: Elder Ray Index is 4.832 [Bullish]
Elder Ray Index /
Cochlear: Elder Ray Index is 4.832 [Bullish]

COH: Elder Ray Index Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for COH

[BEARISH]: Cochlear has a current ARO(25) of -76. This has change 0 points from yesterday.

Fibonacci Extensions /
Cochlear has broken above the 161.8% extension level ($2.42) [Bearish]

Cochlear has moved above the 161.8% level ($2.42) [Bearish]. Look for a short limit order entry near this point. Exit price for COH should be set @$2.3 & short position stoploss for Cochlear should be set at $2.54

MACD /
MACD oscillator remains positive for COH

[BULLISH]: Cochlear currently has positive MACD of 0.714000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.5%.

Momentum /
5-day momentum is increasing for Cochlear

[BULLISH]: Cochlear currently has positive momentum of 8.06. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.8%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 1.3%%.

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Short Black Candle /
COH Basic Candle: Short Black

[BEARISH]: Cochlear has formed a Short Black candlestick. This means, COH 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.

Cochlear: Detrended Price Oscillator(20) is -0.026 [Bearish Crossover]
Detrended Price Oscillator /
Cochlear: Detrended Price Oscillator(20) is -0.026 [Bearish Crossover]

[BEARISH]: Cochlear currently has a confirmed downtrend. Price is currently below the displaced moving average for COHCurrently, the return on DPO20 is -0.8%.

Cochlear currently has positive rate of change for 2.318
Rate of Change /
Cochlear currently has positive rate of change for 2.318

[BULLISH]: Cochlear currently has positive rate of change of 2.3%. 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

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

[BEARISH]: Cochlear UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.64.

Volume /
[Bearish]: Cochlear has failed to beat the previous volume by -46.2

COH: VOLUME Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Demarks Pivot Points /
Limit order for a long position has been identified for Cochlear [Bullish]

Cochlear has broken the first DeMark resistance point ($186.33) [Bullish]. Look for a long limit order entry near this point. Exit price for COH should be set @$186.915 & Stoploss for Cochlear should be set at $184.66

Cochlear: Sellers were in control all day.
Open Tod Vs Close Tod /
Cochlear: Sellers were in control all day.

[BEARISH STRONG]: Cochlear opened in the upper part of daily range at 70.3% & closed in the lower part of the trading range at 3.8%. This suggests the sellers were in control all day. Over the last 12 months there has been 50 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 19%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 21.4%.

Price continues to trade above the Sine Weighted Moving Average(5) for COH
Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(5) for COH

[BULLISH]: Cochlear 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 -0.8%.

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

COH: Envelope Bands Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Williams %R /
Cochlear is no longer overbought with the William %R @-21.2

COH: William %R Recent Trading -> (1) 19 Apr: -21.2 (2) 18 Apr: -6.4 (3) 17 Apr: -3

Long Trend /
Daily bar has maintained 3rd timeframe Uptrend for COH

[BULLISH]: Cochlear is in an uptrend in the medium term timeframe. The current rally number is 9 & the highest rally count for the LTM is 9. The highest rally for the month is 14

Market movement continuation likely for COH as a result of Fake Day
Bill Williams Market Facilitation /
Market movement continuation likely for COH as a result of Fake Day

Cochlear Currently is a confirmed Fake Day. MFI indicator is up, volume is down for COH. Trend continuation possible for COH from reduced trading activity.

Triangular Moving Average(5) signal continues for Cochlear indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(5) signal continues for Cochlear indicating upward price movement is likely

[BULLISH]: Cochlear 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 -0.8%.

Volume MACD for Cochlear continues to gain momentum @9962)
MACD Volume /
Volume MACD for Cochlear continues to gain momentum @9962)

[BULLISH]: Cochlear currently has positive Volume MACD of 9962. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Low Price /
Recent trading for Cochlear has surpassed the previous low by 0.7000000000000000 %

[BEARISH]: Cochlear current uptrend in the first timeframe. Currently, the Low is $185.745 (0.7000000000000000 %).

Close Tod Vs Range Tod /
Sellers of Cochlear were in control at the market close.

[BEARISH]: Cochlear sellers in control. This is the first day of seller commitment for Cochlear adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 85 trading days with the closing price in the lower part of the range giving a confirmation ratio of 32.3%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 28.6%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 6 days in the upper range giving a ratio of 0.7x.

Hook Reversal /
A short term Hook Reversal has formed with Cochlear

[BEARISH]: A short term Hook Reversal has formed with Cochlear which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 10 occurrences of this bar reversal giving a signal probability of 3.8%.

Close Tod Vs Close Yest /
The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -8.3%

COH: Recent Performance ->(1) 19 Apr: -0.8% (2) 18 Apr: 1.3% (3) 17 Apr: 1.9%

COH: Medium term trend is still an Downtrend
Medium Trend /
COH: Medium term trend is still an Downtrend

[BEARISH]: Cochlear is in an downtrend in the medium term timeframe. The current rally number is 12 & the highest rally count for the LTM is 29. The highest rally for the month is 14

Recent trading highlights continued buying pressure is present for COH
Elders Force Index /
Recent trading highlights continued buying pressure is present for COH

[BULLISH]: Cochlear current price has highlighted recent buying pressure. Currently, the Elders Force Index is 42566.

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