ELX | Australian Securities Exchange

Ellex Medical Lasers
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ELX Basic Candle: Short Black
Short Black Candle /
ELX Basic Candle: Short Black

[BEARISH]: Ellex Medical Lasers has formed a Short Black candlestick. This means, ELX has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Seller commitment has continued for Ellex Medical Lasers adding strength to an downtrend in the first timeframe
Close Tod Vs Range Tod /
Seller commitment has continued for Ellex Medical Lasers adding strength to an downtrend in the first timeframe

[BEARISH]: Ellex Medical Lasers sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Ellex Medical Lasers adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 21.4%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 1 days in the upper range giving a ratio of 3x.

Ease of Movement /
Recent trading was only supported by high volume for Ellex Medical Lasers

ELX: EOM Current Signal -> (1) 18 Oct: BULLISH HARD (2) 17 Oct: BEARISH HARD (3) 16 Oct: BULLISH HARD

Exponential Moving Average /
Exponential Moving Average(15) 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 EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.0%.

Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for ELX

[BEARISH STRONG]: Ellex Medical Lasers opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 4 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.5%. Over the last month there has been 4 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 28.6%.

Ellex Medical Lasers has maintained the 2nd timeframe trend [Uptrend]
Medium Trend /
Ellex Medical Lasers has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Ellex Medical Lasers is in an uptrend in the medium term timeframe. The current rally number is 5 & the highest rally count for the LTM is 38. The highest rally for the month is 14

On Balance Volume /
OBV: Distribution still active for Ellex Medical Lasers

[BEARISH]: Ellex Medical Lasers current price has highlighted recent distribution. Currently, the OBV is -29607.8.

Continuation of the oversold CCI signal for Ellex Medical Lasers
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 -134. The bullish signal has been active for 6 days. During the quarter, the lowest CCI value was -146.

Overbought signal for the Stochastic Oscillator is still current for Ellex Medical Lasers
Stochastic Oscillator /
Overbought signal for the Stochastic Oscillator is still current for Ellex Medical Lasers

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

Williams %R /
Ellex Medical Lasers is still oversold with the William %R @-92.3

ELX: William %R Current Signal -> (1) 18 Oct: BULLISH (2) 17 Oct: BULLISH CROSSOVER (3) 16 Oct: BEARISH CROSSUNDER

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for ELX

[BULLISH]: Ellex Medical Lasers UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 13.113.

Percentage Volume /
Ellex Medical Lasers: Percentage Volume Oscillator (-23.32)

[BEARISH]: Ellex Medical Lasers currently has negative PVO -23.32%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -8.1%.

Negative VROC: Price is lower for Ellex Medical Lasers than 14 days ago
Volume Rate of Change /
Negative VROC: Price is lower for Ellex Medical Lasers than 14 days ago

ELX: VROC Current Signal -> (1) 18 Oct: BEARISH (2) 17 Oct: BEARISH (3) 16 Oct: BEARISH

Ellex Medical Lasers: Volume MACD oscillator (-20067)
MACD Volume /
Ellex Medical Lasers: Volume MACD oscillator (-20067)

[BEARISH]: Ellex Medical Lasers currently has negative Volume MACD of -20067. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Long Trend /
Ellex Medical Lasers: Long Term Trend (Uptrend)

[BULLISH]: Ellex Medical Lasers has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Sep 19 2018.

Camarilla Pivot Points /
Ellex Medical Lasers: Camarilla Pivot ($0.633)

Ellex Medical Lasers current pivot point Camarilla is: $0.633. The current resistance levels are: (R1) $0.673: (R2) $0.726: (R3) $0.778: (R4) $0.937The current support levels are: (S1) $0.567: (S2) $0.515: (S3) $0.462: (S4) $0.304

Rate of Change /
Negative ROC for Ellex Medical Lasers is a leading indicator for continued price fall

[BEARISH]: Ellex Medical Lasers currently has negative rate of change of -11.429%. 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

Ellex Medical Lasers: Detrended Price Oscillator(20) is -0.1245
Detrended Price Oscillator /
Ellex Medical Lasers: Detrended Price Oscillator(20) is -0.1245

ELX: DPO Current Signal -> (1) 18 Oct: BEARISH (2) 17 Oct: BEARISH (3) 16 Oct: BEARISH

Recent trading highlights continued selling pressure is present for ELX
Elders Force Index /
Recent trading highlights continued selling pressure is present for ELX

[BEARISH]: Ellex Medical Lasers current price has highlighted recent selling pressure. Currently, the Elders Force Index is -1283.

Ellex Medical Lasers: Pivot Point ($0.633)
Pivot Points /
Ellex Medical Lasers: Pivot Point ($0.633)

Ellex Medical Lasers current pivot point is: 0.633. The current resistance levels are: (R2) $0.673: (R2) $0.673: (R3) $0.686: The current support levels are: (S1) $0.606: (S2) $0.593: (S3) $0.566

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

[BEARISH]: Ellex Medical Lasers current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.31. Ellex Medical Lasers (ASX:ELX) received a confirmed CMF crossover days on the Sep 21 2018. The bearish signal has been active for 6 days. During the quarter, the lowest CMF value was -0.31 occurring on the Sep 21 2018.

Woodie Pivot Point /
Ellex Medical Lasers: Woodie Pivot ($0.63)

Ellex Medical Lasers current pivot point (Woodie) is: $0.63. The current resistance levels are: (R1) $0.64: (R2) $0.67The current support levels are: (S1) $0.6: (S2) $0.59

Daily Volume Index /
Distribution DVI signal for Ellex Medical Lasers is confirmed

ELX: DVI Current Signal -> (1) 18 Oct: BEARISH (2) 17 Oct: BEARISH (3) 16 Oct: BEARISH

Accumulation / Distribution /
Ellex Medical Lasers: Accumulation Distribution Line (-76912.7)

[BEARISH]: Ellex Medical Lasers (ASX:ELX) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -76912.7.

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

[BEARISH]: Ellex Medical Lasers current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the short trading conditions. Currently, the Lower Band is 0.6555.

A short term Hook Reversal has formed with Ellex Medical Lasers
Hook Reversal /
A short term Hook Reversal has formed with Ellex Medical Lasers

[BEARISH]: A short term Hook Reversal has formed with Ellex Medical Lasers which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

Sine Weighted Moving Average /
[Bearish]: SWMA(15) is serving as a resistance line for Ellex Medical Lasers

[BEARISH]: Ellex Medical Lasers currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.0%.

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