Technical analysis from Dongfang Modern Agriculture (DFM.AX.AX, ASX:DFM.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Dongfang Modern Agriculture
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Dongfang Modern Agriculture has broken the first DeMark resistance point ($1.1150) [Bullish]
Demarks Pivot Points /
Dongfang Modern Agriculture has broken the first DeMark resistance point ($1.1150) [Bullish]

Dongfang Modern Agriculture has broken the first DeMark resistance point ($1.1150) [Bullish]. Look for a long limit order entry near this point. Exit price for DFM should be set @$1.1600 & Stoploss for Dongfang Modern Agriculture should be set at $1.1000

Dongfang Modern Agriculture: Current trading activity signals OBV accumulation is present
On Balance Volume /
Dongfang Modern Agriculture: Current trading activity signals OBV accumulation is present

[BULLISH]: Dongfang Modern Agriculture current price has highlighted recent accumulation. Currently, the OBV is 1890020.0000.

Aroon Oscillator /
DFM: Aroon oscillator has confirmed an strong uptrend @80.0000

[BULLISH]: Dongfang Modern Agriculture has a current ARU(25) of 100.0000 and a current ARD(25) of 20.0000

Opening Price /
Dongfang Modern Agriculture: Daily opening performance is 0.0 % [Uptrend]

DFM: OPEN Current Signal -> (1) 23 Apr: NEUTRAL (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH

Relative Strength Index /
Relative Strength overbought signal had been initiated for Dongfang Modern Agriculture

DFM: RSI Current Signal -> (1) 23 Apr: BULLISH CROSSOVER (2) 20 Apr: NEUTRAL (3) 19 Apr: NEUTRAL

Williams %R /
William %R (0.0000) for DFM is now below the overbought limit

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

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Fibonacci Extensions /
[Long]: Entry price for DFM should be set @$1.3300

Dongfang Modern Agriculture has moved below the 161.8% level ($1.3300) [Bullish]. Look for a long limit order entry near this point. Exit price for DFM should be set @$1.4500 & Stoploss for Dongfang Modern Agriculture should be set at $1.2100

DFM Basic Candle: White Marubozu
White Marubozu /
DFM Basic Candle: White Marubozu

[BULLISH]: Dongfang Modern Agriculture has formed a White Marubozu candlestick. This means, DFM has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Dongfang Modern Agriculture: 3rd timeframe trend Uptrend remains intact
Long Trend /
Dongfang Modern Agriculture: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Dongfang Modern Agriculture has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Mar 1 2018.

Rate of Change /
Rate of change is now building for Dongfang Modern Agriculture signalling a short term uptrend is likely

[BULLISH CROSSOVER]: Dongfang Modern Agriculture currently has positive rate of change of 6.6000%. 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 /
Drawdown for Dongfang Modern Agriculture is currently low signalling low stress

[BEARISH]: Dongfang Modern Agriculture UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.9430.

Simple Moving Average /
The SMA trend following signal is still current for Dongfang Modern Agriculture [Bullish]

[BEARISH]: Dongfang Modern Agriculture 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 5.6%.

Dongfang Modern Agriculture currently has positive PPO 2.6000
Percentage Price /
Dongfang Modern Agriculture currently has positive PPO 2.6000

[BULLISH]: Dongfang Modern Agriculture currently has positive PPO 2.6000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Dongfang Modern Agriculture is in a short term uptrend with the closing price @$1.1300
Triangular Moving Average /
Dongfang Modern Agriculture is in a short term uptrend with the closing price @$1.1300

[BULLISH]: Dongfang Modern Agriculture 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 5.6%.

Commodity Channel Index /
Initiation of an overbought CCI signal for Dongfang Modern Agriculture

[BEARISH CROSSOVER]: Dongfang Modern Agriculture current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 422.0000. During the quarter, the highest CCI value was 422. The last overbought signal occurred on Mar 26 2018

MACD /
DFM: The return on MACD is 6.5%.

DFM: MACD Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH

Daily Volume Index /
DVI: Accumulation still active for Dongfang Modern Agriculture

[BULLISH]: Dongfang Modern Agriculture current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 556.0000.

Dongfang Modern Agriculture: Bull Belt-Hold
Bull Belt-Hold /
Dongfang Modern Agriculture: Bull Belt-Hold

DFM: Reversal (Weak) Candlestick Current Signal -> (1) 23 Apr: BULLISH (2) 20 Apr: BEARISH (3) 19 Apr: NEUTRAL

Recent trading for Dongfang Modern Agriculture has surpassed the previous low by 0.0 %
Low Price /
Recent trading for Dongfang Modern Agriculture has surpassed the previous low by 0.0 %

DFM: LOW Current Signal -> (1) 23 Apr: NEUTRAL (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH

CMF has positive divergence between price and volume
Chaikin Money Flow /
CMF has positive divergence between price and volume

[BULLISH]: Dongfang Modern Agriculture current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.5000. DFM received a confirmed CMF crossover days on the Feb 14 2018.The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.71 occurring on the Feb 14 2018.

Average True Range /
[Uptrend]: Average True Range @0.0240 has confirmed an uptrend for DFM

DFM: Average True Range Recent Trading -> (1) 23 Apr: 0.0240 (2) 20 Apr: 0.0210 (3) 19 Apr: 0.0220

High Price /
High for DFM has surpassed the high of the previous trading session

[BULLISH]: Dongfang Modern Agriculture current uptrend in the first timeframe. Currently, the HIGH is 5.6 %.

Momentum /
Dongfang Modern Agriculture currently has positive momentum of 0.0700

[BULLISH]: Dongfang Modern Agriculture currently has positive momentum of 0.0700. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 5.6000%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 5.1%%.

Volume /
DFM has achieved a new high of 221155 (861.2)

[BULLISH]: Dongfang Modern Agriculture current volume uptrend in the first timeframe. Volume for DFM is221155 (861.2).

Dongfang Modern Agriculture: Average Directional Index (15.3300) has confirmed a weak trend is present
Average Directional Movement /
Dongfang Modern Agriculture: Average Directional Index (15.3300) has confirmed a weak trend is present

[Weak Trend]: ADX for DFM has confirmed a weak trend is presentDongfang Modern Agriculture has an ATR(14) of 0.0240, a DX of 29.5500 & an ADX(14) of 15.3300

Dongfang Modern Agriculture: Elder Ray Index is 0.0540 [Bullish]
Elder Ray Index /
Dongfang Modern Agriculture: Elder Ray Index is 0.0540 [Bullish]

[BEARISH]: Dongfang Modern AgricultureElder Ray Index is signalling a Bearish movementERI is -0.0060 indicating bear power. Prices are being driven below the consensus of value for DFM during the last trading session [Selling Pressure]

Moving Average Envelope /
Dongfang Modern Agriculture is now overbought with the Upper Envelope Band @$1.0920

[BEARISH CROSSOVER]: Dongfang Modern Agriculture current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 1.0920.

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