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

Danakali
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Danakali has signalled an ATR trend present [Downtrend]
Average True Range /
Danakali has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Danakali has a TR of 0.005, and an ATR(14) of 0.017.

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

[BEARISH]: Danakali current price has highlighted recent distribution. Currently, the OBV is -43044.

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Danakali indicating upward price movement is likely

[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 0.7%.

Close Tod Vs Range Tod /
Danakali closed in the upper part of daily range at 100%.

DNK: Close versus price range Recent Trading ->(1) 11 Jan: 100% (2) 11 Jan: 0% (3) 11 Jan: 67.3%

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Danakali indicating upward price movement is likely

[BULLISH]: Danakali 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 0.7%.

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

[BULLISH]: Danakali current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.6460.

Positive ROC for DNK is a leading indicator for continued price rise
Rate of Change /
Positive ROC for DNK is a leading indicator for continued price rise

DNK: ROC Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Danakali: Price Percentage Oscillator (-0.609)
Percentage Price /
Danakali: Price Percentage Oscillator (-0.609)

[BEARISH]: Danakali currently has negative PPO -0.600%. This means the current price is losing momentum through a fall on the short term exponential moving average.

High Price /
[Bullish]: New high has formed for DNK by 0 % during the last trading session

DNK: HIGH Recent Trading -> (1) 11 Jan: 0.68 (2) 10 Jan: 0.68 (3) 09 Jan: 0.69

Detrended Price Oscillator /
Bearish trading conditions for Danakali has initiated a bearish crossover from the DPO (-0.0068)

DNK: DPO Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

MACD /
Danakali: MACD @-0.003000 [Bearish Crossover]

[BEARISH CROSSOVER]: Danakali currently has negative MACD of -0.003000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 3%.

Volume for Danakali continues to lose momentum @-10.9)
Percentage Volume /
Volume for Danakali continues to lose momentum @-10.9)

[BEARISH]: Danakali currently has negative PVO -10.9%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -4.1%.

Traders are currently Distributing Danakali
Accumulation / Distribution /
Traders are currently Distributing Danakali

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

Aroon Oscillator /
Daily trading has confirmed an Aroon uptrend (32) for Danakali

[BULLISH]: Danakali has a current ARO(25) of 32. This has change -16 points from yesterday.

Woodie Pivot Point /
Danakali has broken the first Woodie resistance point ($0.683) [Bullish]

Danakali has broken the first Woodie resistance point ($0.683) [Bullish]. Look for a long limit order entry near this point. Exit price for DNK should be set @$0.684 & Stoploss for Danakali should be set at $0.674

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

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

Daily trading performance for DNK has initiated a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for DNK has initiated a short term uptrend

[BULLISH]: Danakalibuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for DNK adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.3 & the greatest daily positive change this year has been 2.3. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 18%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 2.3%. 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 1x. Over the last month the average daily upward movement has been 1.5%

Danakali has moved above the R1 Camarilla pivot point ($0.737) [Bullish]
Camarilla Pivot Points /
Danakali has moved above the R1 Camarilla pivot point ($0.737) [Bullish]

Danakali has broken the first Camarilla resistance point ($0.737) [Bullish]. Look for a long limit order entry near this point. Exit price for DNK should be set @$0.793 & Stoploss for Danakali should be set between $0.567 & $0.511

BWFI has signalled a Fake Day for Danakali
Bill Williams Market Facilitation /
BWFI has signalled a Fake Day for Danakali

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

Momentum /
Danakali: Momentum(5)

[BEARISH]: Danakali currently has negative momentum of -0.01 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.7%.The largest downward momentum rally for the last 3 months is 6 days producing a return of -7.1%%.

White Marubozu /
DNK Basic Candle: White Marubozu

[BULLISH]: Danakali has formed a White Marubozu candlestick. This means, DNK 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.

Fibonacci Extensions /
[Long]: Limit orders for Danakali should be set at $4.37

Danakali has moved below the 161.8% level ($4.37) [Bullish]. Look for a long limit order entry near this point. Exit price for DNK should be set @$4.69 & Stoploss for Danakali should be set at $4.05

Medium Trend /
Daily trading has maintained an Downtrend medium trend for Danakali

[BEARISH]: Danakali has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jan 2 2018.

The WMA trend following signal is now active for Danakali [Bullish]
Weighted Moving Average /
The WMA trend following signal is now active for Danakali [Bullish]

[BULLISH]: Danakali 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 0.7%.

Danakali: Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Danakali: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Danakali current price has highlighted recent selling pressure. Currently, the Elders Force Index is -200.

Closing Price /
[Bullish]: Danakali has beaten previous close by 0.7 %

[BULLISH]: Danakali current uptrend in the first timeframe. Currently, the Close is $0.68.

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