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

Dacian Gold
+ Share

Market conditions are indicating OBV distribution is current for DCN
On Balance Volume /
Market conditions are indicating OBV distribution is current for DCN

DCN: OBV Current Signal ->(1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Dacian Gold: Sellers have lost commitment.
Open Tod Vs Close Tod /
Dacian Gold: Sellers have lost commitment.

DCN: Open today versus close yesterday Current Signal ->(1) 16 Feb: BEARISH WEAK (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Rate of Change /
Dacian Gold currently has negative rate of change for -1.038

[BEARISH]: Dacian Gold currently has negative rate of change of -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

Williams %R /
William %R for DCN has crossed above the overbought limit triggering a bearish crossover signal

[BULLISH]: Dacian Gold is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Volume Rate of Change /
Dacian Gold currently has positive volume rate of change for 22

[BULLISH]: Dacian Gold currently has positive volume of change of 22%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.1%.

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Dacian Gold

[BULLISH]: Dacian Gold current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.6980.

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Volume /
Volume for DCN has not surpassed the volume of the previous trading session

DCN: VOLUME Recent Trading -> (1) 16 Feb: 231465 (2) 15 Feb: 306256 (3) 14 Feb: 613702

Dacian Gold: Average Directional Index (22.38) has confirmed a weak trend is present
Average Directional Movement /
Dacian Gold: Average Directional Index (22.38) has confirmed a weak trend is present

[Weak Trend]: ADX for DCN has confirmed a weak trend is presentDacian Gold has an ATR(14) of 0.123, a DX of 21.03 & an ADX(14) of 22.38

Distribution still active for Dacian Gold
Accumulation / Distribution /
Distribution still active for Dacian Gold

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

Long Trend /
Third timeframe trend of Dacian Gold remains as an Uptrend

DCN: Long Term Trend Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

Daily Volume Index /
DVI: Distribution still active for Dacian Gold

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

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Dacian Gold [Bullish]

[BULLISH]: Dacian Gold 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 1.1%.

Bearish trading conditions for Dacian Gold has been signalled from the DPO (-0.0605)
Detrended Price Oscillator /
Bearish trading conditions for Dacian Gold has been signalled from the DPO (-0.0605)

[BEARISH]: Dacian Gold currently has a confirmed downtrend. Price is currently below the displaced moving average for DCNCurrently, the return on DPO20 is 1.1%.

Momentum(5) is increasing for Dacian Gold
Momentum /
Momentum(5) is increasing for Dacian Gold

[BULLISH]: Dacian Gold currently has positive momentum of 0.16. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.1%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 3.7%%.

Weighted Moving Average /
The WMA trend following signal is still current for Dacian Gold [Bullish]

[BULLISH]: Dacian Gold 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 1.1%.

Average True Range /
DCN: Average True Range has confirmed an downtrend @0.123

DCN: Average True Range Recent Trading -> (1) 16 Feb: 0.123 (2) 15 Feb: 0.125 (3) 14 Feb: 0.125

Stochastic Oscillator /
Stochastic overbought signal had been initiated for Dacian Gold

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

Limit order for a short position has been identified for Dacian Gold @$1.59
Fibonacci Extensions /
Limit order for a short position has been identified for Dacian Gold @$1.59

Dacian Gold has moved above the 161.8% level ($1.59) [Bearish]. Look for a short limit order entry near this point. Exit price for DCN should be set @$1.44 & short position stoploss for Dacian Gold should be set at $1.74

Dacian Gold: Daily high price is $2.91 [Lower High]
High Price /
Dacian Gold: Daily high price is $2.91 [Lower High]

[BEARISH]: Dacian Gold current downtrend in the first timeframe. Currently, the HIGH is -1.4 %.

Percentage volume oscillator is now negative for DCN
Percentage Volume /
Percentage volume oscillator is now negative for DCN

[BEARISH CROSSOVER]: Dacian Gold currently has negative PVO -1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of DCN

[BULLISH]: Dacian Gold UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.723.

Woodie Pivot Point /
Dacian Gold has moved above the R1 Woodie pivot point ($2.904) [Bullish]

Dacian Gold current pivot point (Woodie) is: $2.862. The current resistance levels are: (R1) $2.904: (R2) $2.952The current support levels are: (S1) $2.814: (S2) $2.772

Close Tod Vs Close Yest /
Daily trading performance for DCN has continued a short term uptrend

[BULLISH]: Dacian Goldbuyers are keener than sellers and are driving the price up. There has been 4 consecutive days of price rise for DCN adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 5.4 & the greatest daily positive change this year has been 9.3. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 12.7%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 7.9%. The win ratio for price rise 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 upward movement has been 2.1%

MACD Volume /
Volume MACD for Dacian Gold continues to lose momentum @-11795)

DCN: Volume MACD Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BULLISH CROSSOVER

Contracting price range of -30.8% on an down tick day for DCN
Range Tod Vs Range Yest /
Contracting price range of -30.8% on an down tick day for DCN

[WEAK BULLISH]: Dacian Goldsellers are becoming less eager. There has been 2 consecutive days of range increase for DCN reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.45 & the greatest daily price range this year has been $0.68. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.7x.

Dacian Gold is in a short term uptrend with the support price @$2.725
Triangular Moving Average /
Dacian Gold is in a short term uptrend with the support price @$2.725

[BULLISH]: Dacian Gold 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 1.1%.

Price Range /
Recent trading for Dacian Gold fell short of the previous price range ($0.09)

[BEARISH]: Dacian Gold current downtrend in the first timeframe. Currently, the Range is $0.09.

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