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

Downer EDI
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Downer EDI has initiated a positive volume rate of change of 4
Volume Rate of Change /
Downer EDI has initiated a positive volume rate of change of 4

[BULLISH CROSSOVER]: Downer EDI currently has positive volume of change of 4%. 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%.

The TMA trend following signal is now active for Downer EDI [Bullish]
Triangular Moving Average /
The TMA trend following signal is now active for Downer EDI [Bullish]

[BULLISH]: Downer EDI 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 3.3%.

Accumulation / Distribution /
Accumulation has commenced for Downer EDI

[BULLISH CROSSOVER]: Downer EDI current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Demarks Pivot Points /
[Long]: Entry price for DOW should be set @$6.57875

Downer EDI current pivot point (DeMark) is: (R1) $6.722. The current pivot point (DeMark) is: (S1) $6.527.

Rate of Change /
Downer EDI currently has negative rate of change for -2.504

[BEARISH]: Downer EDI currently has negative rate of change of -2.5%. 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

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Average Directional Movement /
Downer EDI: Average Directional Index (21.65) has confirmed a weak trend is present

[Weak Trend]: ADX for DOW has confirmed a weak trend is presentDowner EDI has an ATR(14) of 0.138, a DX of 8.67 & an ADX(14) of 21.65

Envelope bands Oversold signal is still current for Downer EDI [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Downer EDI [Bullish]

[BULLISH]: Downer EDI current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 6.3080.

DOW: Over the last month there has been 3 trading  days with the closing price in the upper range giving a confirmation ratio of 25%.
Close Tod Vs Range Tod /
DOW: Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 25%.

[BULLISH]: Downer EDI buyers are in control at the market close. This is the first day of buyer commitment for Downer EDI adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 95 trading days with the closing price in the upper part of the range giving a confirmation ratio of 37.3%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 6 days in the upper price range compared to 2 days in the lower range giving a ratio of 3x.

Aroon Oscillator /
DOW: Aroon oscillator has confirmed a strong downtrend @-60

[BEARISH]: Downer EDI has a current ARO(25) of -60. This has change 4 points from yesterday.

Woodie Pivot Point /
Woodie pivot point for DOW is bullish. Stoploss should be positioned @$6.381

Downer EDI has broken the first Woodie resistance point ($6.717) [Bullish]. Look for a long limit order entry near this point. Exit price for DOW should be set @$6.771 & Stoploss for Downer EDI should be set at $6.381

Simple Moving Average /
Downer EDI is in a short term uptrend with the closing price @$6.62

[BEARISH]: Downer EDI 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%.

Downer EDI: Range ($0.195)
Price Range /
Downer EDI: Range ($0.195)

[BULLISH]: Downer EDI current uptrend in the first timeframe. Currently, the Range is $0.195.

DOW: Medium term trend is still an Uptrend
Medium Trend /
DOW: Medium term trend is still an Uptrend

DOW: Medium Term Current Signal -> (1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH CONFIRM

Closing Price /
Close for DOW has surpassed the close of the previous trading session

[BULLISH]: Downer EDI current uptrend in the first timeframe. Currently, the Close is $6.62.

Volume /
Downer EDI: Daily volume is 2.29657e+006 [Higher Volume]

[BULLISH]: Downer EDI current volume uptrend in the first timeframe. Volume for DOW is2.29657e+006 (87.8).

Momentum /
Downer EDI: Momentum(5)

[BULLISH]: Downer EDI currently has positive momentum of 0.24. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 3.3%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 3.3%%.

Downer EDI: The price range ratio this week versus the quarterly price range is 0.3x
Range Tod Vs Range Yest /
Downer EDI: The price range ratio this week versus the quarterly price range is 0.3x

DOW: Range today versus range yesterday Current Signal ->(1) 19 Feb: BULLISH (2) 16 Feb: BULLISH (3) 15 Feb: BEARISH

DOW Basic Candle: White
White Candle /
DOW Basic Candle: White

[BULLISH]: Downer EDI has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

DOW: Volume Moving Average Convergence Divergence [Bearish]
MACD Volume /
DOW: Volume Moving Average Convergence Divergence [Bearish]

[BEARISH]: Downer EDI currently has negative Volume MACD of -246384. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Close Tod Vs Close Yest /
Buyers are now keener than sellers for Downer EDI & are driving the price up.

[BULLISH]: Downer EDIbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for DOW adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.6 & the greatest daily positive change this year has been 3.6. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 9.1%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 3.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 1.9%

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Downer EDI indicating upward price movement is likely

[BULLISH]: Downer EDI 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 3.3%.

Elder Ray Index /
Bull power has increased for Downer EDI signalling bullish conditions are likely

[BULLISH]: Downer EDIElder Ray Index is signalling a Bullish movementERI is 0.118 indicating bull power. Prices are being driven above the consensus of value for DOW during the last trading session [Buying Pressure]

Stochastic Oscillator /
Downer EDI is no longer oversold and normal trading conditions are resumed

DOW: Stochastic Oscillator Signal -> (1) 19 Feb: BULLISH CROSSUNDER (2) 16 Feb: BULLISH (3) 15 Feb: BEARISH CROSSOVER

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

[BEARISH]: Downer EDI currently has negative PPO -1.600%. This means the current price is losing momentum through a fall on the short term exponential moving average.

[Bullish]: Trend following indicator for DOW highlights upward price direction is likely
Exponential Moving Average /
[Bullish]: Trend following indicator for DOW highlights upward price direction is likely

DOW: EMA(5) Current Signal -> (1) 19 Feb: BEARISH (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH CROSSOVER

Low Price /
[Bullish]: Downer EDI has beaten previous low by 0.9 %

[BEARISH]: Downer EDI current uptrend in the first timeframe. Currently, the Low is $6.435 (0.9 %).

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