Technical analysis from Eastern Goldfields (EGS.AX, ASX:EGS.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Eastern Goldfields
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Weaker volume performance from EGS has seen a lower volume of -41.1 [Downtrend]
Volume /
Weaker volume performance from EGS has seen a lower volume of -41.1 [Downtrend]

[BEARISH]: Eastern Goldfields current volume downtrend in the first timeframe. Volume for EGS is 247464 (-41.1).

Eastern Goldfields is in a short term uptrend with the closing price @$0.125
Simple Moving Average /
Eastern Goldfields is in a short term uptrend with the closing price @$0.125

EGS: SMA Recent Trading -> (1) 22 Jun: 0.123 (2) 21 Jun: 0.124 (3) 20 Jun: 0.125

Ulcer Index /
Drawdown for Eastern Goldfields is currently high signalling high stress

[BULLISH]: Eastern Goldfields UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.102.

On Balance Volume /
OBV: Distribution still active for Eastern Goldfields

[BEARISH]: Eastern Goldfields current price has highlighted recent distribution. Currently, the OBV is -1.07217e+006.

Fibonacci Extensions /
Eastern Goldfields has broken below the 161.8% extension level ($1.14) [Bullish]

Eastern Goldfields has moved below the 161.8% level ($1.14) [Bullish]. Look for a long limit order entry near this point. Exit price for EGS should be set @$1.09 & Stoploss for Eastern Goldfields should be set at $1.19

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

[BULLISH]: Eastern Goldfields current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.1235.

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Demarks Pivot Points /
Eastern Goldfields has broken the first DeMark resistance point ($0.1263) [Bullish]

Eastern Goldfields has broken the first DeMark support point ($0.1263) [Bearish]. Look for a short limit order entry near this point. Exit price for EGS should be set @$0.1230 & short position stoploss for Eastern Goldfields should be set at $0.128

Eastern Goldfields: Elder Ray Index is -0.002 [Bearish]
Elder Ray Index /
Eastern Goldfields: Elder Ray Index is -0.002 [Bearish]

EGS: Elder Ray Index Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BEARISH

Oversold signal for the Stochastic Oscillator is still current for Eastern Goldfields
Stochastic Oscillator /
Oversold signal for the Stochastic Oscillator is still current for Eastern Goldfields

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

Woodie Pivot Point /
Long positions for Eastern Goldfields should be set between $0.126 & $0.127

Eastern Goldfields has broken the first Woodie resistance point ($0.127) [Bullish]. Look for a long limit order entry near this point. Exit price for EGS should be set @$0.131 & Stoploss for Eastern Goldfields should be set at $0.121

Volume Rate of Change /
Eastern Goldfields: Volume rate of Change (14) Crossover

[BEARISH CROSSOVER]: Eastern Goldfields currently has negative rate of change of -20%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

Money Flow Index /
Selling pressure has led to a continued price extreme (oversold) for EGS

[BEARISH]: Eastern Goldfields current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 16.15. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 48.99.

[Bullish]: SWMA(5) is serving as a support line for Eastern Goldfields
Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Eastern Goldfields

[BULLISH]: Eastern Goldfields 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 0.0%.

Detrended Price for EGS has signalled bearish price movements are likely
Detrended Price Oscillator /
Detrended Price for EGS has signalled bearish price movements are likely

[BEARISH]: Eastern Goldfields currently has a confirmed downtrend. Price is currently below the displaced moving average for EGS. Currently, the return on DPO20 is 0.0%.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Eastern Goldfields signalling the buyers have lost control

[BEARISH]: Eastern Goldfields opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 11 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 4.2%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 20%.

Percentage Price /
Price percentage oscillator: Downward momentum is still present for Eastern Goldfields

EGS: PPO Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Close Tod Vs Range Tod /
Daily trading for EGS indicated sellers are still in control

EGS: Close versus price range Recent Trading ->(1) 22 Jun: 0.000000000000000% (2) 21 Jun: 0.000000000000000% (3) 20 Jun: 100.000000000000000%

Eastern Goldfields: Triangular Moving Average(5) (0.125)
Triangular Moving Average /
Eastern Goldfields: Triangular Moving Average(5) (0.125)

[BULLISH]: Eastern Goldfields 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 0.0%.

BWFI has signalled a Fake Day for Eastern Goldfields
Bill Williams Market Facilitation /
BWFI has signalled a Fake Day for Eastern Goldfields

Eastern Goldfields Currently is a confirmed Fake Day. MFI indicator is up, volume is down for EGS. Trend continuation possible for EGS from reduced trading activity.

EGS: Price continues to move above the EMA(5) @$0.1249
Exponential Moving Average /
EGS: Price continues to move above the EMA(5) @$0.1249

[BULLISH]: Eastern Goldfields 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 0.0%.

Aroon Oscillator /
[Downtrend]: Aroon oscillator (-32) downtrend has been confirmed for EGS

EGS: Aroon Oscillator Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Daily Volume Index /
Eastern Goldfields: Current trading activity signals DVI accumulation is present

[BULLISH]: Eastern Goldfields current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 127.

Rate of Change /
Negative ROC: Price is trading lower for Eastern Goldfields than 14 days ago

EGS: ROC Recent Trading -> (1) 22 Jun: -7.407 (2) 21 Jun: -7.407 (3) 20 Jun: -7.407

Chaikin Money Flow /
Eastern Goldfields: CMF has confirmed bullish relationship between price & volume

[BULLISH]: Eastern Goldfields current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.07. EGS received a confirmed CMF crossover days on the Jun 6 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.33 occurring on the Jun 6 2018.

Price & volume confirms continued selling pressure for Eastern Goldfields is likely
Elders Force Index /
Price & volume confirms continued selling pressure for Eastern Goldfields is likely

[BEARISH]: Eastern Goldfields current price has highlighted recent selling pressure. Currently, the Elders Force Index is -313.

Eastern Goldfields: Percentage Volume Oscillator (-18.35)
Percentage Volume /
Eastern Goldfields: Percentage Volume Oscillator (-18.35)

[BEARISH]: Eastern Goldfields currently has negative PVO -18.35%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -3.5%.

MACD Volume /
Volume MACD for Eastern Goldfields continues to lose momentum @-56070

[BEARISH]: Eastern Goldfields currently has negative Volume MACD of -56070. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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