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

Downer EDI
+ Share

Recent trading for Downer EDI fell short of the previous volume by -40.1
Volume /
Recent trading for Downer EDI fell short of the previous volume by -40.1

[BEARISH]: Downer EDI current volume downtrend in the first timeframe. Volume for DOW is 1.49838e+006 (-40.1).

Downer EDI: Closing price $6.76 is below the SMA(5) @$6.872
Simple Moving Average /
Downer EDI: Closing price $6.76 is below the SMA(5) @$6.872

[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 -2.9%.

Aroon Oscillator /
Downer EDI: Aroon oscillator (-92) has confirmed a strong downtrend is present

[BEARISH]: Downer EDI has a current ARO(25) of -92. This has change -12 points from yesterday.

MACD Volume /
The Volume MACD for DOW is gaining momentum through a rise on the short term EMA

[BULLISH]: Downer EDI currently has positive Volume MACD of 21633. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Average True Range /
Downer EDI has signalled an ATR trend present [Uptrend]

[Bullish]: Average True Range has confirmed an uptrend is present. Downer EDI has a TR of 0.28, and an ATR(14) of 0.134.

Moving Average Envelope /
Closing price for DOW is still below the lower envelope signalling a bullish movement

[BEARISH]: Downer EDI current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 7.329.

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Percentage Price /
PPO continues to signal a continuation of downward price fall for Downer EDI

[BEARISH]: Downer EDI currently has negative PPO -0.521%. This means the current price is losing momentum through a fall on the short term exponential moving average.

DOW has achieved a lower closing price of $6.76 (-2.9 %)
Closing Price /
DOW has achieved a lower closing price of $6.76 (-2.9 %)

[BEARISH]: Downer EDI current downtrend in the first timeframe. Currently, the Close is $6.76.

Negative momentum on the MACD histogram for DOW is maintained & supports a bearish move is likely
MACD /
Negative momentum on the MACD histogram for DOW is maintained & supports a bearish move is likely

DOW: MACD Recent Trading -> (1) 22 Jun: -0.0121 (2) 21 Jun: -0.0024 (3) 20 Jun: -0.0088

Elder Ray Index /
Downer EDI: Elder Ray Index is 0.102 [Bullish]

[BULLISH]: Downer EDI Elder Ray Index is signalling a Bullish movementERI is 0.102 indicating bull power. Prices are being driven above the consensus of value for DOW during the last trading session [Buying Pressure]

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of DOW

[BEARISH]: Downer EDI UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.98.

Stochastic Oscillator /
Initiation of oversold signal for Downer EDI

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

[Long]: Limit orders for Downer EDI should be set at $6.8
Demarks Pivot Points /
[Long]: Limit orders for Downer EDI should be set at $6.8

Downer EDI has broken the first DeMark support point ($6.8) [Bearish]. Look for a short limit order entry near this point. Exit price for DOW should be set @$6.6000 & short position stoploss for Downer EDI should be set at $6.88

The current price level for Downer EDI has fallen below the average
Commodity Channel Index /
The current price level for Downer EDI has fallen below the average

[BULLISH CROSSOVER]: Downer EDI current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -129. During the quarter, the lowest CCI value was -161. The last oversold signal occurred on Jun 6 2018

Elders Force Index /
Price & volume confirms selling pressure for Downer EDI is likely

[BEARISH]: Downer EDI current price has highlighted recent selling pressure. Currently, the Elders Force Index is -20500.

On Balance Volume /
Downer EDI is being actively distributed based on OBV

[BEARISH]: Downer EDI current price has highlighted recent distribution. Currently, the OBV is -1.58443e+006.

Price Range /
Downer EDI has reached a higher range ($0.28)

DOW: Price Range Recent Trading -> (1) 22 Jun: 0.28 (2) 21 Jun: 0.07 (3) 20 Jun: 0.17

Downer EDI: Sellers were in control all day.
Open Tod Vs Close Tod /
Downer EDI: Sellers were in control all day.

DOW: Open today versus close yesterday Current Signal ->(1) 22 Jun: BEARISH STRONG (2) 21 Jun: NEUTRAL (3) 20 Jun: BEARISH WEAK

[Bullish]: Downer EDI currently has positive PVO 3.92
Percentage Volume /
[Bullish]: Downer EDI currently has positive PVO 3.92

[BULLISH]: Downer EDI currently has positive PVO 3.92%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -2.9%.

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

[BEARISH]: Downer EDI 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 -2.9%.

Volume Rate of Change /
Downer EDI currently has positive volume rate of change for 14

[BULLISH]: Downer EDI currently has positive volume of change of 14%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -2.9%.

Williams %R /
William %R for DOW has crossed below the oversold limit triggering a bullish crossover signal

[BEARISH]: Downer EDI is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Accumulation / Distribution /
Distribution still active for Downer EDI

[BEARISH]: Downer EDI current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -4.82268e+006.

Woodie Pivot Point /
Downer EDI has moved above the R1 Woodie pivot point ($6.9) [Bullish]

Downer EDI has broken the first Woodie resistance point ($6.9) [Bullish]. Look for a long limit order entry near this point. Exit price for DOW should be set @$7.09 & Stoploss for Downer EDI should be set at $6.53

DOW Basic Candle: Long Black
Long Black Candle /
DOW Basic Candle: Long Black

[BEARISH]: Downer EDI has formed a Long Black candlestick. This means, DOW has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

The biggest downward movement for Downer EDI this month has been -2.9
Close Tod Vs Close Yest /
The biggest downward movement for Downer EDI this month has been -2.9

[BEARISH]: Downer EDIsellers are keener than buyers and are driving the price down. This is the first day of price decline for DOW adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.9 & the greatest daily negative change this year has been -3.8. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -7.6%. This quarter, the largest downswing rally has been 6 days giving a total rally downward movement of -4.8%. The loss ratio for price decline 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 downward movement has been -1.400000%

Pivot Points /
Downer EDI has broken the first resistance point ($6.934) [Bullish]

Downer EDI has broken the first resistance point ($6.934) [Bullish]. Look for a long limit order entry near this point. Exit price for DOW should be set @$7.107 & Stoploss for Downer EDI should be set between $6.547 & $6.374

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