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

Danakali
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Danakali: Current trading activity signals DVI accumulation is present
Daily Volume Index /
Danakali: Current trading activity signals DVI accumulation is present

[BULLISH]: Danakali current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 466.

Range for DNK has not surpassed the range of the previous trading session
Price Range /
Range for DNK has not surpassed the range of the previous trading session

DNK: Price Range Current Signal -> (1) 21 May: BEARISH (2) 18 May: BULLISH (3) 17 May: BEARISH

On Balance Volume /
Confirmation of Danakali is currently being distributed via OBV

DNK: OBV Recent Trading ->(1) 21 May: -399905 (2) 18 May: -477017 (3) 21 May: 2.5368e+006

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for DNK

DNK: EOM Current Signal -> (1) 21 May: BULLISH HARD (2) 18 May: BEARISH HARD (3) 21 May: BEARISH HARD

Fibonacci Extensions /
[Long]: Exit price for DNK should be set @$5.65

Danakali has moved below the 161.8% level ($6.29) [Bullish]. Look for a long limit order entry near this point. Exit price for DNK should be set @$5.65 & Stoploss for Danakali should be set at $6.93

Commodity Channel Index /
Danakali: The CCI oversold signal has been confirmed

[BULLISH]: Danakali current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -195. The bullish signal has been active for 3 days. During the quarter, the lowest CCI value was -366.

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Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for DNK

[BEARISH]: Danakali 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 3.3%.

This is the first day of buyer commitment for Danakali adding strength to an uptrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of buyer commitment for Danakali adding strength to an uptrend in the first timeframe

DNK: Close versus price range Recent Trading ->(1) 21 May: 66.700000000000000% (2) 18 May: 57.100000000000000% (3) 21 May: 66.700000000000000%

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

[BEARISH]: Danakali is in an downtrend in the medium term timeframe. The current rally number is 32 & the highest rally count for the LTM is 62. The highest rally for the month is 15

Percentage Price /
The current price is still losing momentum through a fall for DNK on the short term EMA.

[BEARISH]: Danakali currently has negative PPO -2.165%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for DNK

DNK: WMA Recent Trading -> (1) 21 May: 0.6260 (2) 18 May: 0.6340 (3) 21 May: 0.2240

Relative Strength Index /
Danakali is no longer oversold [Neutral]

DNK: RSI Current Signal -> (1) 21 May: BULLISH CROSSUNDER (2) 18 May: BEARISH CROSSOVER (3) 21 May: NEUTRAL

Volume MACD oscillator remains positive for DNK
MACD Volume /
Volume MACD oscillator remains positive for DNK

[BULLISH]: Danakali currently has positive Volume MACD of 17949. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Danakali: Average Directional Index (29.17) has confirmed a strong trend is present
Average Directional Movement /
Danakali: Average Directional Index (29.17) has confirmed a strong trend is present

DNK: Average Directional Index Current Signal -> (1) 21 May: TREND STRONG (2) 18 May: TREND STRONG (3) 21 May: TREND STRONG

Short White Candle /
DNK Basic Candle: Short White

[BULLISH WEAK]: Danakali has formed a Short White candlestick. This means, DNK has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Danakali indicating downward price movement is likely

[BEARISH]: Danakali currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 3.3%.

Open Tod Vs Close Tod /
Open/close reversal: Buyers have lost commitment during the trading day for Danakali

DNK: Open today versus close yesterday Current Signal ->(1) 21 May: BULLISH WEAK (2) 18 May: BEARISH WEAK (3) 21 May: BEARISH WEAK

[Long]: Entry price for DNK should be set @$0.62
Demarks Pivot Points /
[Long]: Entry price for DNK should be set @$0.62

Danakali has broken the first DeMark resistance point ($0.6200) [Bullish]. Look for a long limit order entry near this point. Exit price for DNK should be set @$0.63 & Stoploss for Danakali should be set at $0.615

Danakali: Detrended Price Oscillator(20) is -0.0553
Detrended Price Oscillator /
Danakali: Detrended Price Oscillator(20) is -0.0553

[BEARISH]: Danakali currently has a confirmed downtrend. Price is currently below the displaced moving average for DNK. Currently, the return on DPO20 is 3.3%.

Danakali: MACD @-0.0042 [Bearish]
MACD /
Danakali: MACD @-0.0042 [Bearish]

[BEARISH]: Danakali currently has negative MACD of -0.0042. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.5%.

Aroon Oscillator /
Danakali: Aroon Oscillator (-92)

[BEARISH]: Danakali has a current ARU(25) of 4 and a current ARD(25) of 96

Elders Force Index /
Bearish conditions for DNK are likely to continue based on EFI (-833)

DNK: Elders Force Index Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH (3) 21 May: BEARISH

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Danakali [Bearish]

[BEARISH]: Danakali 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 3.3%.

Closing Price /
Danakali: Daily performance is 3.3 % [Uptrend]

[BULLISH]: Danakali current uptrend in the first timeframe. Currently, the Close is $0.62.

Danakali currently has positive volume rate of change for 863
Volume Rate of Change /
Danakali currently has positive volume rate of change for 863

[BULLISH]: Danakali currently has positive volume of change of 863%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 3.3%.

Danakali: 3rd timeframe trend Uptrend remains intact
Long Trend /
Danakali: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Danakali has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 3 2018.

Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for DNK

[BULLISH]: Danakali current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.14. DNK received a confirmed CMF crossover days on the May 15 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.16 occurring on the May 15 2018.

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