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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DOW Basic Candle: White Closing Marubozu
White Closing Marubozu /
DOW Basic Candle: White Closing Marubozu

[BULLISH]: Downer EDI has formed a White Closing Marubozu candlestick. This means, DOW has received strong buying confidence and upward price movement over the trading day with only a small lower shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Stochastic Oscillator for DOW has crossed below the overbought limit triggering a neutral signal
Stochastic Oscillator /
Stochastic Oscillator for DOW has crossed below the overbought limit triggering a neutral signal

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

Range Tod Vs Range Yest /
Downer EDI: Range Performance (-52.6)

DOW: Range today versus range yesterday Current Signal ->(1) 19 Apr: BEARISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

Low Price /
Downer EDI has reached a new low of $6.635 (1.6000000000000000 %)

[BEARISH]: Downer EDI current uptrend in the first timeframe. Currently, the Low is $6.635 (1.6000000000000000 %).

Close Tod Vs Range Tod /
The daily battle of control for Downer EDI was won again by the buyers

[BULLISH]: Downer EDI buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range 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 107 trading days with the closing price in the upper part of the range giving a confirmation ratio of 40.7%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 57.1%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 3 days in the lower range giving a ratio of 2.7x.

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

[BULLISH STRONG]: Downer EDI opened in the lower part of daily range at 11.1% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 35 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 13.3%. Over the last month there has been 0 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 0%.

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Percentage Volume /
Downer EDI: Percentage Volume Oscillator (-13.6)

[BEARISH]: Downer EDI currently has negative PVO -13.6%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.9%.

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 6.1750.

Downer EDI: Daily high price is $6.68 [Higher High]
High Price /
Downer EDI: Daily high price is $6.68 [Higher High]

[BULLISH]: Downer EDI current uptrend in the first timeframe. Currently, the HIGH is 0.8000000000000000 %.

Daily Volume Index /
DOW: Current trading activity signals DVI accumulation is active

[BULLISH]: Downer EDI current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 2223.

Detrended Price Oscillator /
The simple moving average and past price for DOW has confirmed bullish trading conditions

[BULLISH]: Downer EDI currently has a confirmed uptrend. Price is currently above the displaced moving average for DOWCurrently, the return on DPO20 is 1.2%.

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (17.86) for Downer EDI

[Weak Trend]: ADX for DOW has confirmed a weak trend is presentDowner EDI has an ATR(14) of 0.095, a DX of 17.96 & an ADX(14) of 17.86

Downer EDI currently has positive rate of change for 4.212
Rate of Change /
Downer EDI currently has positive rate of change for 4.212

[BULLISH]: Downer EDI currently has positive rate of change of 4.2%. 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

[Bearish]: Lower volume has formed for DOW by -22.9 during the last trading session
Volume /
[Bearish]: Lower volume has formed for DOW by -22.9 during the last trading session

[BEARISH]: Downer EDI current volume downtrend in the first timeframe. Volume for DOW is1.23466e+006 (-22.9).

Bollinger Bands /
Initiation of BB overbought signal for Downer EDI [Bearish Crossover]

[BEARISH CROSSOVER]: Downer EDI has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 112.51% with a current width of 5.94.

MACD Volume /
Downer EDI: Volume MACD @-19178 [Bearish]

DOW: Volume MACD Recent Trading -> (1) 19 Apr: -19178 (2) 18 Apr: -39822 (3) 17 Apr: -94673

Price Range /
Price volatility is low for DOW based on the lower price range ($0.045) [Downtrend]

[BEARISH]: Downer EDI current downtrend in the first timeframe. Currently, the Range is $0.045.

Downer EDI is being actively accumulated
Accumulation / Distribution /
Downer EDI is being actively accumulated

[BULLISH]: Downer EDI current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.24728e+007. day.

PPO has positive momentum signalling commencement of upward price rise for DOW
Percentage Price /
PPO has positive momentum signalling commencement of upward price rise for DOW

[BULLISH CROSSOVER]: Downer EDI currently has positive PPO 0.000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Limit order for a short position has been identified for Downer EDI @$3.46
Fibonacci Extensions /
Limit order for a short position has been identified for Downer EDI @$3.46

Downer EDI: The current Fibonacci Extension levels are: (23.61%) $6.57: (38.2%) $6.51: (50%) $6.46: (61.8%) $6.4The current support levels are: (78.6%) $6.33: (100%) $6.24: (138.2%) $6.07: (161.8%) $5.96: (261.8%) $5.51: (423.61%) $4.79

Relative Strength Index /
Downer EDI is now overbought with the Relative Strength Index @73.2170

DOW: RSI Current Signal -> (1) 19 Apr: BULLISH CROSSOVER (2) 18 Apr: NEUTRAL (3) 17 Apr: NEUTRAL

Demarks Pivot Points /
Downer EDI: Look for a long limit order entry @$6.66875

Downer EDI current pivot point (DeMark) is: (R1) $6.703. The current pivot point (DeMark) is: (S1) $6.658.

On Balance Volume /
Traders are currently accumulating Downer EDI

DOW: OBV Current Signal ->(1) 19 Apr: BULLISH (2) 18 Apr: BULLISH CROSSOVER (3) 17 Apr: BEARISH

Woodie Pivot Point /
Stoploss for Downer EDI should be set at $6.624

Downer EDI has broken the first Woodie resistance point ($6.703) [Bullish]. Look for a long limit order entry near this point. Exit price for DOW should be set @$6.714 & Stoploss for Downer EDI should be set at $6.624

Drawdown for Downer EDI is currently low signalling low stress
Ulcer Index /
Drawdown for Downer EDI is currently low signalling low stress

[BEARISH]: Downer EDI UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.448.

Downer EDI is no longer overbought with the William %R overbought limit @0
Williams %R /
Downer EDI is no longer overbought with the William %R overbought limit @0

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

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

[BULLISH]: Downer EDI is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

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