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

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

[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 0.4%.

Exponential Moving Average(5) signal continues for Downer EDI indicating upward price movement is likely
Exponential Moving Average /
Exponential 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 EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.4%.

GROWTH /
Balance sheets assets for Downer EDI is $4.61

Downer EDI Key financial metrics: (1) Book Value: $4.61 (2) Market-to-Book ratio: 1.53 (3) PEG Ratio: 17.69

Pivot Points /
[Long]: Entry price for DOW should be set @$7.106

Downer EDI has broken the first resistance point ($7.106) [Bullish]. Look for a long limit order entry near this point. Exit price for DOW should be set @$7.153 & Stoploss for Downer EDI should be set between $6.933 & $6.886

PROFIT /
Downer EDI: EBITDA is $521.20M

Downer EDI Key financial metrics: (1) Revenue: $6.92B (2) EBITDA: $521.20M (3) Price-Sales ratio: 0.43

On Balance Volume /
DOW: Current trading activity signals OBV accumulation is active

[BULLISH]: Downer EDI current price has highlighted recent accumulation. Currently, the OBV is 1.28786e+007.

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Volume /
Volume for DOW has not surpassed the volume of the previous trading session

DOW: VOLUME Recent Trading -> (1) 20 Oct: 1.34513e+006 (2) 19 Oct: 1.41156e+006 (3) 18 Oct: 1.09682e+006

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

[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 0.4%.

Downer EDI: Daily low performance is 0 % [Uptrend]
Low Price /
Downer EDI: Daily low performance is 0 % [Uptrend]

DOW: LOW Current Signal -> (1) 20 Oct: NEUTRAL (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 13.9%

[BULLISH]: Downer EDIbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for DOW adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 1.2 & the greatest daily positive change this year has been 13.1. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 13.9%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 5.9%. 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 0.6%

MACD /
Downer EDI: MACD oscillator (0.023000)

DOW: MACD Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Downer EDI

[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 6.4980.

The current volume for DOW is losing momentum through a fall against the short term EMA
Percentage Volume /
The current volume for DOW is losing momentum through a fall against the short term EMA

[BEARISH]: Downer EDI currently has negative PVO -12.9%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 8.4%.

Recent trading for Downer EDI has surpassed the previous close by 0.4 %
Closing Price /
Recent trading for Downer EDI has surpassed the previous close by 0.4 %

[BULLISH]: Downer EDI current uptrend in the first timeframe. Currently, the Close is $7.06.

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 18.2% & closed in the upper part of the trading range at 72.7%. This suggests the buyers were in control all day. Over the last 12 months there has been 49 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 18.6%. 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%.

VALUE /
Earnings per share for Downer EDI is 0.35

Downer EDI Key financial metrics: (1) EPS: $0.35 (2) P/E Ratio: 17.69

Relative Strength Index /
Downer EDI is no longer overbought [Neutral]

[BEARISH]: Downer EDI is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @83.5976

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

[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 101 trading days with the closing price in the upper part of the range giving a confirmation ratio of 38.4%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 53.3%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 2 days in the lower range giving a ratio of 4x.

Confirmation of Downer EDI is currently being accumulated via DVI
Daily Volume Index /
Confirmation of Downer EDI is currently being accumulated via DVI

DOW: DVI Recent Trading -> (1) 20 Oct: 3962 (2) 19 Oct: 2668 (3) 18 Oct: 3830

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

[BULLISH]: Downer EDI currently has positive PPO 1.300%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Stochastic Oscillator /
Downer EDI is no longer overbought [Neutral]

DOW: Stochastic Oscillator Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Fibonacci Extensions /
The 161.8% Fibonacci extension level for DOW has moved to the upper limit. Stoploss should be positioned @$0

Downer EDI has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for DOW should be set @$0 & short position stoploss for Downer EDI should be set at $0

Bill Williams Market Facilitation /
Trend continuation possible for DOW from reduced trading activity

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

Price for DOW has opened weaker than close of the previous trading session
Opening Price /
Price for DOW has opened weaker than close of the previous trading session

DOW: OPEN Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: NEUTRAL

DOW: Current trading activity signals accumulation is active
Accumulation / Distribution /
DOW: Current trading activity signals accumulation is active

DOW: ADLINE Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

High Price /
[Bullish]: New high has formed for DOW by 0.4 % during the last trading session

[BULLISH]: Downer EDI current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

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