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

Eastern Goldfields
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[Bearish]: Trend following indicator for EGS highlights downward price direction is likely
Weighted Moving Average /
[Bearish]: Trend following indicator for EGS highlights downward price direction is likely

[BEARISH]: Eastern Goldfields currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 3.1%.

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

[BEARISH]: Eastern Goldfields currently has negative PPO -7.3000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Percentage Volume /
Volume for Eastern Goldfields continues to gain momentum @64.3000)

[BULLISH]: Eastern Goldfields currently has positive PVO 64.3000%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -30.5%.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon downtrend is intact for EGS

[BEARISH]: Eastern Goldfields has a current ARO(25) of -4.0000. This has change 0.0000 points from yesterday.

Commodity Channel Index /
Continuation of the oversold CCI signal for Eastern Goldfields

[BULLISH]: Eastern Goldfields current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -165.0000. The bullish signal has been active for 4 days. During the quarter, the lowest CCI value was -720.

Exponential Moving Average /
EGS: Price continues to move below the EMA(5) @$0.1782

[BEARISH]: Eastern Goldfields currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 3.1%.

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MACD /
EGS: Moving Average Convergence Divergence [Bearish]

EGS: MACD Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Eastern Goldfields has broken the first resistance point ($0.1700) [Bullish]
Pivot Points /
Eastern Goldfields has broken the first resistance point ($0.1700) [Bullish]

Eastern Goldfields has broken the first resistance point ($0.1700) [Bullish]. Look for a long limit order entry near this point. Exit price for EGS should be set @$0.1750 & Stoploss for Eastern Goldfields should be set between $0.1550 & $0.1500

Eastern Goldfields: Elder Ray Index is -0.0410 [Bearish]
Elder Ray Index /
Eastern Goldfields: Elder Ray Index is -0.0410 [Bearish]

[BEARISH]: Eastern GoldfieldsElder Ray Index is signalling a Bearish movementERI is -0.0410 indicating bear power. Prices are being driven below the consensus of value for EGS during the last trading session [Selling Pressure]

Bill Williams Market Facilitation /
Recent trading has confirmed 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.

Woodie Pivot Point /
Eastern Goldfields: Look for a long limit order entry @$0.1700

Eastern Goldfields current pivot point (Woodie) is: $0.1650. The current resistance levels are: (R1) $0.1700: (R2) $0.1750The current support levels are: (S1) $0.1600: (S2) $0.1550

Detrended Price Oscillator /
Bearish trading conditions for Eastern Goldfields has been signalled from the DPO (-0.0700)

[BEARISH]: Eastern Goldfields currently has a confirmed downtrend. Price is currently below the displaced moving average for EGSCurrently, the return on DPO20 is 3.1%.

Ulcer index has increased as the price has fallen for Eastern Goldfields
Ulcer Index /
Ulcer index has increased as the price has fallen for Eastern Goldfields

[BULLISH]: Eastern Goldfields UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 15.9420.

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

EGS: OBV Current Signal ->(1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Open Tod Vs Close Tod /
EGS: Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range

[BULLISH WEAK]: Eastern Goldfields opened in the lower part of daily range at 0.000000000000000% & closed in the middle part of the trading range at 50.000000000000000%. This suggests the buyers have lost commitment. Over the last 12 months there has been 5 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 1.9%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 13.3%.

Demarks Pivot Points /
Eastern Goldfields has broken the first DeMark resistance point ($0.1663) [Bullish]

Eastern Goldfields has broken the first DeMark resistance point ($0.1663) [Bullish]. Look for a long limit order entry near this point. Exit price for EGS should be set @$0.1730 & Stoploss for Eastern Goldfields should be set at $0.1630

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

[BEARISH]: Eastern Goldfields currently has negative rate of change of -29.8000%. 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

Eastern Goldfields: Daily opening performance is 0.0 % [Uptrend]
Opening Price /
Eastern Goldfields: Daily opening performance is 0.0 % [Uptrend]

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

EGS Basic Candle: White
White Candle /
EGS Basic Candle: White

[BULLISH]: Eastern Goldfields has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Recent trading for Eastern Goldfields has surpassed the previous close by 3.1 %
Closing Price /
Recent trading for Eastern Goldfields has surpassed the previous close by 3.1 %

[BULLISH]: Eastern Goldfields current uptrend in the first timeframe. Currently, the Close is $0.1650.

High Price /
Strong price performance from EGS has seen a higher high of 3.0 % [Uptrend]

[BULLISH]: Eastern Goldfields current uptrend in the first timeframe. Currently, the HIGH is 3.0 %.

Elders Force Index /
Bearish conditions for EGS are likely to continue based on EFI (-93955.0000)

[BEARISH]: Eastern Goldfields current price has highlighted recent selling pressure. Currently, the Elders Force Index is -93955.0000.

Daily Volume Index /
Eastern Goldfields is being actively accumulated based on DVI

EGS: DVI Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Accumulation / Distribution /
Eastern Goldfields: Current trading activity signals accumulation is present

[BULLISH]: Eastern Goldfields current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 4909029.0000. day.

Buying pressure for Eastern Goldfields continues - bullish signal
Chaikin Money Flow /
Buying pressure for Eastern Goldfields continues - bullish signal

[BULLISH]: Eastern Goldfields current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.2000. EGSThe bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.33

Eastern Goldfields: Volume MACD oscillator (390805.0000)
MACD Volume /
Eastern Goldfields: Volume MACD oscillator (390805.0000)

[BULLISH]: Eastern Goldfields currently has positive Volume MACD of 390805.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Stochastic Oscillator /
Stochastic Oscillator for EGS is still below the oversold limit signalling a bullish movement

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

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