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

Ellex Medical Lasers
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First timeframe trend of Ellex Medical Lasers remains as an Downtrend
Short Trend /
First timeframe trend of Ellex Medical Lasers remains as an Downtrend

ELX: Daily Trend Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: EQUAL DAY CONFIRM

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

[BEARISH]: Ellex Medical Lasers current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 9.5100. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 62.79.

Triangular Moving Average /
The TMA trend following signal is still current for Ellex Medical Lasers [Bearish]

[BEARISH]: Ellex Medical Lasers currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.7%.

Elders Force Index /
Bearish conditions for ELX are likely to continue based on EFI (-4677.0000)

[BEARISH]: Ellex Medical Lasers current price has highlighted recent selling pressure. Currently, the Elders Force Index is -4677.0000.

Bull Harami /
Ellex Medical Lasers: Bull Harami

[BULLISH]: Ellex Medical Lasers has formed a new Bull Harami reversal pattern.

Range Tod Vs Range Yest /
Ellex Medical Lasers: Sellers are still becoming less eager.

[WEAK BULLISH]: Ellex Medical Laserssellers are becoming less eager. There has been 4 consecutive days of range increase for ELX reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1450 & the greatest daily price range this year has been $0.2950. The price range ratio this week versus the quarterly price range is 0.9000000000000000000x & the price range ratio this month versus the year to date price range is 0.5000000000000000000x.

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Pivot Points /
Ellex Medical Lasers has broken the first support point ($0.7410) [Bearish]

Ellex Medical Lasers has broken the first support point ($0.7410) [Bearish]. Look for a short limit order entry near this point. Exit price for ELX should be set @$0.7380 & short position stoploss for Ellex Medical Lasers should be set between $0.7580 & $0.7610

Ellex Medical Lasers: Current trading activity OBV signals distribution is present
On Balance Volume /
Ellex Medical Lasers: Current trading activity OBV signals distribution is present

[BEARISH]: Ellex Medical Lasers current price has highlighted recent distribution. Currently, the OBV is -1324876.0000.

The biggest upward movement for Ellex Medical Lasers this month has been -9.1
Close Tod Vs Close Yest /
The biggest upward movement for Ellex Medical Lasers this month has been -9.1

[BEARISH]: Ellex Medical Laserssellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for ELX adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -9.1 & the greatest daily negative change this year has been -9.1. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -10.3%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -10.3%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.7x. Over the last month the average daily downward movement has been -2.700000%

MACD Volume /
ELX: Volume Moving Average Convergence Divergence [Bullish]

[BULLISH]: Ellex Medical Lasers currently has positive Volume MACD of 7360.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Daily Volume Index /
Traders are currently distributing Ellex Medical Lasers

ELX: DVI Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Percentage Volume /
The current volume for ELX is gaining momentum through a rise on the short term EMA

[BULLISH]: Ellex Medical Lasers currently has positive PVO 22.8000%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -0.7%.

[Bullish]: Opening performance for ELX of -1.3 % was achieved in last trading session
Opening Price /
[Bullish]: Opening performance for ELX of -1.3 % was achieved in last trading session

[BULLISH]: Ellex Medical Lasers opening price has gapped up. Currently, the OPEN is $0.7550 (-1.3 %).

Open/close reversal confirmed for Ellex Medical Lasers signalling the sellers were in control all day
Open Tod Vs Close Tod /
Open/close reversal confirmed for Ellex Medical Lasers signalling the sellers were in control all day

[BEARISH STRONG]: Ellex Medical Lasers opened in the upper part of daily range at 100.000000000000000% & closed in the lower part of the trading range at 0.000000000000000%. This suggests the sellers were in control all day. Over the last 12 months there has been 50 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 19%. Over the last month there has been 5 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 33.3%.

Williams %R /
[Bullish]: Ellex Medical Lasers current trading has maintained the William %R to oversold status

[BEARISH]: Ellex Medical Lasers is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Price Range /
[Bearish]: Ellex Medical Lasers has failed beat previous trading range

[BEARISH]: Ellex Medical Lasers current downtrend in the first timeframe. Currently, the Range is $0.0100.

High Price /
Weaker price performance from ELX has seen a lower high of -1.3 % [Downtrend]

[BEARISH]: Ellex Medical Lasers current downtrend in the first timeframe. Currently, the HIGH is -1.3 %.

Ellex Medical Lasers: Daily volume performance is -53.8 [Downtrend]
Volume /
Ellex Medical Lasers: Daily volume performance is -53.8 [Downtrend]

ELX: VOLUME Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BULLISH (3) 18 Apr: BEARISH

Ellex Medical Lasers: Average Directional Index (28.6600) has confirmed a strong trend is present
Average Directional Movement /
Ellex Medical Lasers: Average Directional Index (28.6600) has confirmed a strong trend is present

[Trend]: ADX for ELX has confirmed a strong trend is presentEllex Medical Lasers has an ATR(14) of 0.0330, a DX of 37.3400 & an ADX(14) of 28.6600

ELX Basic Candle: Black Marubozu
Black Marubozu /
ELX Basic Candle: Black Marubozu

ELX: Basic Candlestick Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

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 -0.7%.

Momentum /
Negative momentum: Price is trading lower for Ellex Medical Lasers than 5 days ago

[BEARISH]: Ellex Medical Lasers currently has negative momentum of -0.0800 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.7000%.The largest downward momentum rally for the last 3 months is 11 days producing a return of -12.1%%.

Close Tod Vs Range Tod /
Ellex Medical Lasers: Sellers are in control at the market close.

ELX: Close versus price range Current Signal ->(1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

MACD /
ELX: The return on MACD is -14.3%.

[BEARISH]: Ellex Medical Lasers currently has negative MACD of -0.0120. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -14.3%.

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

ELX: SWMA Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Daily bar has confirmed has confirmed an ATR downtrend is intact for ELX
Average True Range /
Daily bar has confirmed has confirmed an ATR downtrend is intact for ELX

[Bearish]: Average True Range has confirmed an downtrend is present. Ellex Medical Lasers has a TR of 0.0100, and an ATR(14) of 0.0330.

Medium Trend /
Second timeframe trend of Ellex Medical Lasers remains as an Downtrend

[BEARISH]: Ellex Medical Lasers is in an downtrend in the medium term timeframe. The current rally number is 38 & the highest rally count for the LTM is 38. The highest rally for the month is 15

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