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

Downer EDI
+ Share

Open/close reversal:  Sellers have lost commitment during the trading day for DOW
Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for DOW

[BEARISH WEAK]: Downer EDI opened in the upper part of daily range at 88.9% & closed in the middle part of the trading range at 44.4%. This suggests the sellers have lost commitment. Over the last 12 months there has been 28 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 10.6%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 25%.

Downer EDI: Daily Uptrend remains intact
Short Trend /
Downer EDI: Daily Uptrend remains intact

[BULLISH]: Downer EDI is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 2

Black Candle /
DOW Basic Candle: Black

[BEARISH]: Downer EDI has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Price Range /
Range for DOW has surpassed the range of the previous trading session

DOW: Price Range Current Signal -> (1) 12 Dec: NEUTRAL (2) 11 Dec: BEARISH (3) 08 Dec: BULLISH

Long Trend /
Downer EDI: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Downer EDI has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 10 2017.

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

[BEARISH]: Downer EDI currently has negative MACD of -0.035000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.1%.

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Simple Moving Average /
DOW: Price continues to move below the SMA(5) @$6.75

[BULLISH]: Downer EDI currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.4%.

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

[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 6.5740.

PPO: The shorter moving average for DOWis still below the longer term moving average
Percentage Price /
PPO: The shorter moving average for DOWis still below the longer term moving average

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

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Downer EDI [Bearish]

[BEARISH]: Downer EDI currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.4%.

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Downer EDI

[BEARISH]: Downer EDI currently has a confirmed downtrend. Price is currently below the displaced moving average for DOWCurrently, the return on DPO20 is -0.4%.

Percentage Volume /
[Bearish]: Downer EDI currently has negative PVO -1

[BEARISH]: Downer EDI currently has negative PVO -1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.4%.

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

DOW: OBV Recent Trading ->(1) 12 Dec: -1.50559e+007 (2) 11 Dec: -1.26275e+007 (3) 08 Dec: -1.35615e+007

Recent trading for Downer EDI has surpassed the previous volume by 160
Volume /
Recent trading for Downer EDI has surpassed the previous volume by 160

[BULLISH]: Downer EDI current volume uptrend in the first timeframe. Volume for DOW is2.42837e+006 (160).

Accumulation / Distribution /
Downer EDI: Current trading activity signals distribution is present

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

Coles Reaction Day /
DOW: Short term trend has confirmed a rally day

DOW: CRD Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: NEUTRAL

Bearish Engulfing /
Downer EDI (DOW): Short-term price may fall from the close of $6.74.

[BEARISH]: Downer EDI has formed a new Bearish Engulfing reversal pattern. This means, DOW has traded engulfed a previous small body black candle with a large white change exceeding the previous days trading range. This indicates that the bulls have taken control in the short term timeframe and highlights a potential trend change.

Downer EDI: Daily low price is $6.7 [Lower Low]
Low Price /
Downer EDI: Daily low price is $6.7 [Lower Low]

[BEARISH]: Downer EDI current uptrend in the first timeframe. Currently, the Low is $6.7 (0.1 %).

Closing price for DOW ($6.74) signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Closing price for DOW ($6.74) signals sellers are now keener than buyers

[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 -25.2. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -25.2%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -5%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily downward movement has been -0.9%

Downer EDI: Average True Range (0.128) has confirmed an downtrend is present
Average True Range /
Downer EDI: Average True Range (0.128) has confirmed an downtrend is present

DOW: Average True Range Recent Trading -> (1) 12 Dec: 0.128 (2) 11 Dec: 0.131 (3) 08 Dec: 0.134

Ease of Movement /
Ease of Movement for Downer EDIis 0.037 [Difficult to Move]

[BULLISH]: Downer EDI current price have moved upwards on high volume. Currently, the Ease of Movement is 0.037

Momentum /
Downer EDI currently has negative momentum of -0.24

DOW: MOM Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

Pivot Points /
Limit order for a short position has been identified for Downer EDI [Bearish]

Downer EDI has broken the first support point ($6.696) [Bearish]. Look for a short limit order entry near this point. Exit price for DOW should be set @$6.653 & short position stoploss for Downer EDI should be set between $6.833 & $6.876

Daily Volume Index /
Downer EDI is being actively distributed based on DVI

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

[Selling Pressure]: ERI has increased for Downer EDI during the last trading session
Elder Ray Index /
[Selling Pressure]: ERI has increased for Downer EDI during the last trading session

[BEARISH]: Downer EDIElder Ray Index is signalling a Bearish movementERI is -0.149 indicating bear power. Prices are being driven below the consensus of value for DOW during the last trading session [Selling Pressure]

Downer EDI: Look for a short limit order entry @$0.74
Fibonacci Extensions /
Downer EDI: Look for a short limit order entry @$0.74

Downer EDI has moved above the 161.8% level ($0.74) [Bearish]. Look for a short limit order entry near this point. Exit price for DOW should be set @$0.78 & short position stoploss for Downer EDI should be set at $0.71

Stochastic Oscillator /
Stochastic oversold signal continues for Downer EDI indicating upward price movement is likely

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

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