Technical analysis from Ellex Medical Lasers (ELX.AX, ASX:ELX.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Ellex Medical Lasers
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ELX: Average Directional Index has confirmed a strong trend @31.55
Average Directional Movement /
ELX: Average Directional Index has confirmed a strong trend @31.55

[Trend]: ADX for ELX has confirmed a strong trend is present. Ellex Medical Lasers has an ATR(14) of 0.031, a DX of 31.84 & an ADX(14) of 31.55

Rate of change(14) is increasing for Ellex Medical Lasers
Rate of Change /
Rate of change(14) is increasing for Ellex Medical Lasers

[BULLISH]: Ellex Medical Lasers currently has positive rate of change of 5.263%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Bull Harami /
Ellex Medical Lasers: Bull Harami

ELX: Reversal (Weak) Candlestick Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: NEUTRAL (3) 19 Jun: NEUTRAL

Accumulation / Distribution /
Market conditions are indicating distribution is current for ELX

[BEARISH]: Ellex Medical Lasers current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.87779e+006.

Moving Average Envelope /
Oversold signal has just been neutralized for Ellex Medical Lasers

[NEUTRAL]: Ellex Medical Lasers current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 0.5985.

Volume /
Ellex Medical Lasers has failed to achieve a lower volume of 95016 (-12.2)

ELX: VOLUME Recent Trading -> (1) 21 Jun: 95016 (2) 20 Jun: 108170 (3) 19 Jun: 21752

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Pivot Points /
Pivot point for ELX is bullish. Stoploss should be positioned @$0.587

Ellex Medical Lasers has broken the first resistance point ($0.609) [Bullish]. Look for a long limit order entry near this point. Exit price for ELX should be set @$0.617 & Stoploss for Ellex Medical Lasers should be set between $0.587 & $0.579

Ulcer index has increased in stress level & high drawdown is expected for Ellex Medical Lasers
Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Ellex Medical Lasers

[BULLISH]: Ellex Medical Lasers UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 10.704.

Ellex Medical Lasers: 2nd timeframe trend Downtrend remains intact
Medium Trend /
Ellex Medical Lasers: 2nd timeframe trend Downtrend remains intact

[BEARISH]: Ellex Medical Lasers has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jun 19 2018.

Aroon Oscillator /
Ellex Medical Lasers: Aroon oscillator (-32) has confirmed a downtrend is present

[BEARISH]: Ellex Medical Lasers has a current ARU(25) of 8 and a current ARD(25) of 40

Woodie Pivot Point /
Woodie pivot point for ELX is bullish. Stoploss should be positioned @$0.586

Ellex Medical Lasers has broken the first Woodie resistance point ($0.607) [Bullish]. Look for a long limit order entry near this point. Exit price for ELX should be set @$0.616 & Stoploss for Ellex Medical Lasers should be set at $0.586

Simple Moving Average /
ELX: Price continues to move below the SMA(5) @$0.603

[BEARISH]: Ellex Medical Lasers 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 2.6%.

Recent trading for ELX has beaten the previous close by 2.6 % [Uptrend]
Closing Price /
Recent trading for ELX has beaten the previous close by 2.6 % [Uptrend]

[BULLISH]: Ellex Medical Lasers current uptrend in the first timeframe. Currently, the Close is $0.6.

Recent trading signals Ellex Medical Lasers is being distributed
Daily Volume Index /
Recent trading signals Ellex Medical Lasers is being distributed

[BEARISH]: Ellex Medical Lasers current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1487.

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for ELX

[BEARISH]: Ellex Medical Lasers 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 2.6%.

On Balance Volume /
Traders are currently accumulating Ellex Medical Lasers

[BULLISH]: Ellex Medical Lasers current price has highlighted recent accumulation. Currently, the OBV is 213515.

Exponential Moving Average /
[Downtrend]: Recent trading for ELX indicates ST trend is likely to continue

[BEARISH]: Ellex Medical Lasers 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 2.6%.

Sine Weighted Moving Average(5) signal continues for Ellex Medical Lasers indicating downward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Ellex Medical Lasers indicating downward price movement is likely

[BEARISH]: Ellex Medical Lasers 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 2.6%.

Ellex Medical Lasers currently has negative volume rate of change for -74
Volume Rate of Change /
Ellex Medical Lasers currently has negative volume rate of change for -74

ELX: VROC Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH CROSSOVER (3) 19 Jun: BEARISH CROSSOVER

CMF highlights continued negative divergence for Ellex Medical Lasers
Chaikin Money Flow /
CMF highlights continued negative divergence for Ellex Medical Lasers

ELX: Chaikin Oscillator Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

Close Tod Vs Close Yest /
Buyers are now keener than sellers for Ellex Medical Lasers & are driving the price up.

[BULLISH]: Ellex Medical Lasersbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for ELX adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 7.2 & the greatest daily positive change this year has been 8.6. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 15.1%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 11.3%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 2.700000%

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

[BEARISH]: Ellex Medical Lasers currently has negative Volume MACD of -5405. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Range Tod Vs Range Yest /
Ellex Medical Lasers: Range Performance (-50.0)

ELX: Range today versus range yesterday Current Signal ->(1) 21 Jun: BEARISH (2) 20 Jun: BULLISH (3) 19 Jun: BEARISH

Price Range /
Price volatility is low for ELX based on the lower price range ($0.015) [Downtrend]

[BEARISH]: Ellex Medical Lasers current downtrend in the first timeframe. Currently, the Range is $0.015.

Limit order for a long position has been identified for Ellex Medical Lasers @$3.76
Fibonacci Extensions /
Limit order for a long position has been identified for Ellex Medical Lasers @$3.76

Ellex Medical Lasers: The current Fibonacci Extension levels are: (23.61%) $0.57: (38.2%) $0.59: (50%) $0.61: (61.8%) $0.62The current support levels are: (78.6%) $0.64: (100%) $0.67: (138.2%) $0.71: (161.8%) $0.74: (261.8%) $0.86: (423.61%) $1.05

Ellex Medical Lasers Ease of Movement is 0.118 [Difficult to Move]
Ease of Movement /
Ellex Medical Lasers Ease of Movement is 0.118 [Difficult to Move]

ELX: EOM Recent Trading -> (1) 21 Jun: 0.118 (2) 20 Jun: -0.624 (3) 19 Jun: 1.379

Percentage Price /
Ellex Medical Lasers: Price Percentage Oscillator

ELX: PPO Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

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