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 moved below the S1 DeMark pivot point ($0.865) [Bearish]
Demarks Pivot Points /
Dongfang Modern Agriculture has moved below the S1 DeMark pivot point ($0.865) [Bearish]

Dongfang Modern Agriculture has broken the first DeMark support point ($0.865) [Bearish]. Look for a short limit order entry near this point. Exit price for DFM should be set @$0.85 & short position stoploss for Dongfang Modern Agriculture should be set at $0.87

[Bearish]: Trend following indicator for DFM highlights downward price direction is likely
Simple Moving Average /
[Bearish]: Trend following indicator for DFM highlights downward price direction is likely

DFM: SMA Recent Trading -> (1) 11 Jan: 0.88 (2) 11 Jan: 3.098 (3) 11 Jan: 2.96

Fibonacci Extensions /
Limit order for a short position has been identified for Dongfang Modern Agriculture @$0.26

Dongfang Modern Agriculture has moved above the 161.8% level ($0.26) [Bearish]. Look for a short limit order entry near this point. Exit price for DFM should be set @$0.31 & short position stoploss for Dongfang Modern Agriculture should be set at $0.21

Momentum /
5-day momentum is now decreasing for Dongfang Modern Agriculture

[BEARISH CROSSOVER]: Dongfang Modern Agriculture currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%%.

Low Price /
Dongfang Modern Agriculture: Daily low performance (0.6 %)

DFM: LOW Recent Trading -> (1) 11 Jan: 0.86 (2) 10 Jan: 0.855 (3) 09 Jan: 0.88

Rate of Change /
Rate of change continues to build for Dongfang Modern Agriculture signalling a short term uptrend is likely

[BULLISH]: Dongfang Modern Agriculture currently has positive rate of change of 8.9%. 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

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Average True Range /
Daily trading has confirmed an ATR downtrend (0.02) for Dongfang Modern Agriculture

[Bearish]: Average True Range has confirmed an downtrend is present. Dongfang Modern Agriculture has a TR of 0.02, and an ATR(14) of 0.02.

Dongfang Modern Agriculture: Daily price range is 0.02 [Downtrend]
Price Range /
Dongfang Modern Agriculture: Daily price range is 0.02 [Downtrend]

[BEARISH]: Dongfang Modern Agriculture current downtrend in the first timeframe. Currently, the Range is $0.02.

DFM: Current trading activity signals OBV accumulation is active
On Balance Volume /
DFM: Current trading activity signals OBV accumulation is active

DFM: OBV Recent Trading ->(1) 11 Jan: 540696 (2) 11 Jan: -75437 (3) 11 Jan: -174906

MACD /
MACD oscillator remains positive for DFM

[BULLISH]: Dongfang Modern Agriculture currently has positive MACD of 0.007000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 4.3%.

Opening Price /
Dongfang Modern Agriculture: Daily opening price is $0.87

[BULLISH]: Dongfang Modern Agriculture opening price has gapped up. Currently, the OPEN is $0.87 (-1.1 %).

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Dongfang Modern Agriculture

[BULLISH]: Dongfang Modern Agriculture current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.7790.

[Buying Pressure]: ERI has increased for Dongfang Modern Agriculture during the last trading session
Elder Ray Index /
[Buying Pressure]: ERI has increased for Dongfang Modern Agriculture during the last trading session

DFM: Elder Ray Index Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

DFM: Current trading activity signals DVI accumulation has commenced
Daily Volume Index /
DFM: Current trading activity signals DVI accumulation has commenced

[BULLISH CROSSOVER]: Dongfang Modern Agriculture current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Weighted Moving Average /
The WMA trend following signal is still current for Dongfang Modern Agriculture [Bearish]

[BEARISH]: Dongfang Modern Agriculture currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0%.

Sine Weighted Moving Average /
[Downtrend]: Recent trading for DFM indicates ST trend is likely to continue

[BEARISH]: Dongfang Modern Agriculture 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%.

Volume Rate of Change /
Positive VROC: Volume is higher for Dongfang Modern Agriculture than 14 days ago

[BULLISH]: Dongfang Modern Agriculture currently has positive volume of change of 21%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

Volume for Dongfang Modern Agriculture is now losing momentum @-23.7)
Percentage Volume /
Volume for Dongfang Modern Agriculture is now losing momentum @-23.7)

[BEARISH CROSSOVER]: Dongfang Modern Agriculture currently has negative PVO -23.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 4.3%.

[Short]: Exit price for DFM should be set @$0.845
Woodie Pivot Point /
[Short]: Exit price for DFM should be set @$0.845

Dongfang Modern Agriculture has broken the first Woodie support point ($0.85) [Bearish]. Look for a short limit order entry near this point. Exit price for DFM should be set @$0.845 & short position stoploss for Dongfang Modern Agriculture should be set at $0.885

DFM: Closing price of $0.86 (0 %)
Closing Price /
DFM: Closing price of $0.86 (0 %)

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

High Price /
High for DFM has not surpassed the high of the previous trading session

[BEARISH]: Dongfang Modern Agriculture current downtrend in the first timeframe. Currently, the HIGH is -0.6 %.

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Dongfang Modern Agriculture

[BEARISH]: Dongfang Modern Agriculture currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0%.

Open Tod Vs Close Tod /
Dongfang Modern Agriculture: Over the last month there has been 1 trading days giving a confirmation ratio of 12.5%.

[BEARISH]: Dongfang Modern Agriculture opened in the middle part of daily range at 50% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 6 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 2.3%. 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 lower price range giving a confirmation ratio of 12.5%.

Bull Harami /
Dongfang Modern Agriculture: Bull Harami

[BULLISH]: Dongfang Modern Agriculture has formed a new Bull Harami reversal pattern.

Dongfang Modern Agriculture: Average Directional Index (28.47)
Average Directional Movement /
Dongfang Modern Agriculture: Average Directional Index (28.47)

[Trend]: ADX for DFM has confirmed a strong trend is presentDongfang Modern Agriculture has an ATR(14) of 0.02, a DX of 18.15 & an ADX(14) of 28.47

DFM: Price range ratio this month versus the year to date price range is 1x.
Range Tod Vs Range Yest /
DFM: Price range ratio this month versus the year to date price range is 1x.

[WEAK BULLISH]: Dongfang Modern Agriculturesellers are becoming less eager. This is the first day sellers have decreased eagerness for DFM reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.09 & the greatest daily price range this year has been $0.09. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 1x.

Close Tod Vs Range Tod /
Dongfang Modern Agriculture closed in the lower part of daily range at 0%.

[BEARISH]: Dongfang Modern Agriculture sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Dongfang Modern Agriculture 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 48 trading days with the closing price in the lower part of the range giving a confirmation ratio of 18.4%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 5 days in the upper range giving a ratio of 0.8x.

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