Technical analysis from Eden Energy (EDE.AX, ASX:EDE.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Eden Energy
+ Share

Closing price ($0.065) for EDE is still below the Lower Envelope Band
Moving Average Envelope /
Closing price ($0.065) for EDE is still below the Lower Envelope Band

[BULLISH]: Eden Energy current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.0665.

Over the last month the average daily win ratio has been 4.000000%
Close Tod Vs Close Yest /
Over the last month the average daily win ratio has been 4.000000%

EDE: Recent performance signals ->(1) 22 Jun: BULLISH (2) 21 Jun: NEUTRAL (3) 20 Jun: NEUTRAL

Open Tod Vs Close Tod /
Eden Energy: Buyers were in control all day.

[BULLISH STRONG]: Eden Energy opened in the lower part of daily range at 0% & 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 95 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 36.1%. Over the last month there has been 6 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 40%.

Medium Trend /
Eden Energy: Downtrend for the medium term trend is continued

[BEARISH]: Eden Energy has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jun 12 2018.

Demarks Pivot Points /
[Long]: Exit price for EDE should be set @$0.066

Eden Energy has broken the first DeMark resistance point ($0.0648) [Bullish]. Look for a long limit order entry near this point. Exit price for EDE should be set @$0.066 & Stoploss for Eden Energy should be set at $0.065

Rate of Change /
14-day rate of change is decreasing for Eden Energy

[BEARISH]: Eden Energy currently has negative rate of change of -12.162%. 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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Daily Volume Index /
EDE: Current trading activity signals DVI accumulation is active

[BULLISH]: Eden Energy current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 18354.

Eden Energy: MACD oscillator (-0.0014)
MACD /
Eden Energy: MACD oscillator (-0.0014)

[BEARISH]: Eden Energy currently has negative MACD of -0.0014. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.4%.

Stochastic oversold signal had been maintained for Eden Energy
Stochastic Oscillator /
Stochastic oversold signal had been maintained for Eden Energy

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

Hook Reversal /
A short term Hook Reversal has formed with Eden Energy

EDE: Bar Reversal Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: NEUTRAL (3) 20 Jun: NEUTRAL

Ulcer Index /
Ulcer index has increased in stress level for EDE & high drawdown is expected

[BULLISH]: Eden Energy UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 12.726.

Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Fake Day for Eden Energy

Eden Energy Currently is a confirmed Fake Day. MFI indicator is up, volume is down for EDE. Trend continuation possible for EDE from reduced trading activity.

[Bearish]: Recent trading has driven price below the consensus of value for EDE
Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for EDE

[BEARISH]: Eden Energy Elder Ray Index is signalling a Bearish movementERI is -0.003 indicating bear power. Prices are being driven below the consensus of value for EDE during the last trading session [Selling Pressure]

EDE Basic Candle: Short White
Short White Candle /
EDE Basic Candle: Short White

[BULLISH WEAK]: Eden Energy has formed a Short White candlestick. This means, EDE has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Percentage Price /
Eden Energy currently has negative PPO -2.394

[BEARISH]: Eden Energy currently has negative PPO -2.394%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Eden Energy indicating upward price movement is likely

[BULLISH]: Eden Energy 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 3.2%.

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

[BULLISH]: Eden Energy current uptrend in the first timeframe. Currently, the Close is $0.065.

The SWMA trend following signal is now active for Eden Energy [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is now active for Eden Energy [Bullish]

[BULLISH]: Eden Energy currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 3.2%.

EDE has achieved a lower range ($0.001)
Price Range /
EDE has achieved a lower range ($0.001)

[BEARISH]: Eden Energy current downtrend in the first timeframe. Currently, the Range is $0.001.

Distribution signal for Eden Energy is confirmed
Accumulation / Distribution /
Distribution signal for Eden Energy is confirmed

[BEARISH]: Eden Energy current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -6.46746e+006.

Opening Price /
Recent trading for Eden Energy has opened 0.0 % higher than previous session

[BULLISH]: Eden Energy opening price has gapped up. Currently, the OPEN is $0.064 (0.0 %).

Momentum /
Eden Energy: Momentum(5)

[BEARISH]: Eden Energy currently has negative momentum of -0.001 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 3.2%.The largest downward momentum rally for the last 3 months is 18 days producing a return of -26.2%.

Elders Force Index /
Bearish conditions for EDE are likely to continue based on EFI (-151)

[BEARISH]: Eden Energy current price has highlighted recent selling pressure. Currently, the Elders Force Index is -151.

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Eden Energy indicating upward price movement is likely

EDE: SMA Recent Trading -> (1) 22 Jun: 0.064 (2) 21 Jun: 0.0642 (3) 20 Jun: 0.0648

Eden Energy: Buyers are in control at the market close.
Close Tod Vs Range Tod /
Eden Energy: Buyers are in control at the market close.

[BULLISH]: Eden Energy buyers are in control at the market close. This is the first day of buyer commitment for Eden Energy 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 44 trading days with the closing price in the upper part of the range giving a confirmation ratio of 16.7%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 13.3%. Currently this quarter, closing price has spent 12 days in the upper price range compared to 29 days in the lower range giving a ratio of 0.4x.

EDE: Percentage Volume Oscillator [Bearish]
Percentage Volume /
EDE: Percentage Volume Oscillator [Bearish]

[BEARISH]: Eden Energy currently has negative PVO -13.5%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.4%.

Volume Rate of Change /
Eden Energy: Volume rate of Change (14)

[BEARISH]: Eden Energy currently has negative rate of change of -61%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 3.2%.

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