ELX | Australian Securities Exchange

Ellex Medical Lasers
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The MACD for ELX is losing momentum through a fall on the short term EMA
MACD /
The MACD for ELX is losing momentum through a fall on the short term EMA

[BEARISH]: Ellex Medical Lasers currently has negative MACD of -0.015. This means the signal line is less than the MACD line signalling a bearish movement.

Ellex Medical Lasers has moved below the S1 Woodie pivot point ($0.668) [Bearish]
Woodie Pivot Point /
Ellex Medical Lasers has moved below the S1 Woodie pivot point ($0.668) [Bearish]

Ellex Medical Lasers has broken the first Woodie support point ($0.668) [Bearish]. Look for a short limit order entry near this point. Exit price for ELX should be set @$0.649 & short position stoploss for Ellex Medical Lasers should be set at $0.699

Ulcer Index /
Ulcer index has increased as the price has fallen 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 11.181.

Percentage Volume /
Negative momentum on volume for ELX is maintained & supports a bearish move is likely

[BEARISH]: Ellex Medical Lasers currently has negative PVO -8.4%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Rate of Change /
14-day rate of change is decreasing for Ellex Medical Lasers

ELX: ROC Current Signal -> (1) 17 Aug: BEARISH (2) 16 Aug: BEARISH (3) 15 Aug: BEARISH

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Demarks Pivot Points /
DeMark pivot point for ELX is bullish. Stoploss should be positioned @$0.668

Ellex Medical Lasers has broken the first DeMark resistance point ($0.6738) [Bullish]. Look for a long limit order entry near this point. Exit price for ELX should be set @$0.693 & Stoploss for Ellex Medical Lasers should be set at $0.668

[Bearish]: Elder Ray Index is -0.04 indicating bear power
Elder Ray Index /
[Bearish]: Elder Ray Index is -0.04 indicating bear power

[BEARISH]: Ellex Medical Lasers Elder Ray Index is signalling a Bearish movementERI is -0.04 indicating bear power. Prices are being driven below the consensus of value for ELX during the last trading session [Selling Pressure]

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

[BULLISH]: Ellex Medical Lasers currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.0%.

Commodity Channel Index /
Continuation of the oversold CCI signal for Ellex Medical Lasers

[BULLISH]: Ellex Medical Lasers (ASX:ELX) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -104. The bullish signal has been active for 6 days. During the quarter, the lowest CCI value was -257.

On Balance Volume /
Ellex Medical Lasers: On Balance Volume (1.20662e+006)

ELX: OBV Current Signal ->(1) 17 Aug: BULLISH (2) 16 Aug: BULLISH (3) 15 Aug: BULLISH

Detrended Price Oscillator /
Bearish trading conditions for Ellex Medical Lasers has been signalled from the DPO (-0.047)

[BEARISH]: Ellex Medical Lasers currently has a confirmed downtrend. Price is currently below the displaced moving average for ELX. Currently, the return on DPO20 is 0.0%.

[Downtrend]: The second timeframe trend for Ellex Medical Lasers remains intact
Medium Trend /
[Downtrend]: The second timeframe trend for Ellex Medical Lasers remains intact

[BEARISH]: Ellex Medical Lasers is in an downtrend in the medium term timeframe. The current rally number is 13 & the highest rally count for the LTM is 88. The highest rally for the month is 13

Ellex Medical Lasers currently has negative PPO -1.095
Percentage Price /
Ellex Medical Lasers currently has negative PPO -1.095

[BEARISH]: Ellex Medical Lasers currently has negative PPO -1.095%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Average Directional Movement /
[Strong Trend]: Average Directional Index @27.16 has confirmed a strong trend for ELX

[Trend]: ADX for ELX has confirmed a strong trend is present. Ellex Medical Lasers has an ATR(14) of 0.03, a DX of 37.23 & an ADX(14) of 27.16

Daily Volume Index /
Traders are currently distributing Ellex Medical Lasers

[BEARISH]: Ellex Medical Lasers (ASX:ELX) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -283.

Volume Rate of Change /
Volume rate of change(14) is decreasing for Ellex Medical Lasers

ELX: VROC Current Signal -> (1) 17 Aug: BEARISH (2) 16 Aug: BEARISH CROSSOVER (3) 15 Aug: BULLISH

Positive momentum on the volume MACD histogram for ELX is maintained & supports a bullish move is likely
MACD Volume /
Positive momentum on the volume MACD histogram for ELX is maintained & supports a bullish move is likely

[BULLISH]: Ellex Medical Lasers currently has positive Volume MACD of 7675. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Ellex Medical Lasers: Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Ellex Medical Lasers: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Ellex Medical Lasers current price has highlighted recent selling pressure. Currently, the Elders Force Index is -342.

Ellex Medical Lasers is in a short term downtrend with the closing price @$0.68
Triangular Moving Average /
Ellex Medical Lasers is in a short term downtrend with the closing price @$0.68

[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 0.0%.

Exponential Moving Average /
[Bullish]: EMA(5) is serving as a support line for Ellex Medical Lasers

[BULLISH]: Ellex Medical Lasers 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%.

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

ELX: Range today versus range yesterday Current Signal ->(1) 17 Aug: BEARISH (2) 16 Aug: BULLISH (3) 15 Aug: BEARISH

Aroon Oscillator /
[Downtrend]: Aroon oscillator @-72 has confirmed a strong downtrend for ELX

[BEARISH]: Ellex Medical Lasers has a current ARO(25) of -72. This has change 0 points from yesterday.

Chaikin Money Flow /
Ellex Medical Lasers continues negative divergence & potential shift in direction

Ellex Medical Lasers (ASX:ELX): Chaikin Oscillator Current Signal -> (1) 17 Aug: BEARISH (2) 16 Aug: BEARISH (3) 15 Aug: BEARISH CROSSOVER

Ease of Movement for Ellex Medical Lasersis 0.332 [Difficult to Move]
Ease of Movement /
Ease of Movement for Ellex Medical Lasersis 0.332 [Difficult to Move]

ELX: EOM Current Signal -> (1) 17 Aug: BULLISH HARD (2) 16 Aug: BULLISH HARD (3) 15 Aug: BULLISH HARD

The WMA trend following signal is still current for Ellex Medical Lasers [Bullish]
Weighted Moving Average /
The WMA trend following signal is still current for Ellex Medical Lasers [Bullish]

[BULLISH]: Ellex Medical Lasers currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

Bear Harami /
Ellex Medical Lasers: Bear Harami

[BEARISH]: Ellex Medical Lasers has formed a new Bear Harami reversal pattern.

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