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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Ellex Medical Lasers currently has negative rate of change for -11.34
Rate of Change /
Ellex Medical Lasers currently has negative rate of change for -11.34

ELX: ROC Current Signal -> (1) 19 Feb: BEARISH (2) 16 Feb: BEARISH (3) 15 Feb: BEARISH

Bear power has increased for Ellex Medical Lasers signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Ellex Medical Lasers signalling bearish conditions are likely

ELX: Elder Ray Index Recent Trading -> (1) 19 FebBull Power: -0.025Bear Power: -0.04 (2) 16 FebBull Power: -0.025Bear Power: -0.06 (3) 15 FebBull Power: -0.023Bear Power: -0.056

Exponential Moving Average /
Ellex Medical Lasers: Closing price $0.86 is below the EMA(5) @$0.865809

[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 1.2%.

Percentage Price /
The current price is still losing momentum through a fall for ELX on the short term EMA.

[BEARISH]: Ellex Medical Lasers currently has negative PPO -3.400%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Elders Force Index /
Price & volume confirms continued selling pressure for Ellex Medical Lasers is likely

[BEARISH]: Ellex Medical Lasers current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2366.

Volume Rate of Change /
Ellex Medical Lasers: Volume rate of Change (14) Crossover

[BEARISH CROSSOVER]: Ellex Medical Lasers currently has negative rate of change of -80%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.2%.

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Moving Average Envelope /
Envelope bands Oversold signal is still current for Ellex Medical Lasers [Bullish]

[BULLISH]: Ellex Medical Lasers current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.8740.

Close for ELX has surpassed the close of the previous trading session
Closing Price /
Close for ELX has surpassed the close of the previous trading session

[BULLISH]: Ellex Medical Lasers current uptrend in the first timeframe. Currently, the Close is $0.86.

Ellex Medical Lasers: Average Directional Index (21.78) has confirmed a weak trend is present
Average Directional Movement /
Ellex Medical Lasers: Average Directional Index (21.78) has confirmed a weak trend is present

[Weak Trend]: ADX for ELX has confirmed a weak trend is presentEllex Medical Lasers has an ATR(14) of 0.031, a DX of 37.39 & an ADX(14) of 21.78

Two White Soldiers /
Ellex Medical Lasers: Two White Soldiers

[BULLISH]: Ellex Medical Lasers has formed a new Two White Soldiers pattern.

Ease of Movement /
Ellex Medical Lasers Ease of Movement is 0.361 [Difficult to Move]

[BULLISH]: Ellex Medical Lasers current price have moved upwards on high volume. Currently, the Ease of Movement is 0.361

Ulcer Index /
Recent downward trend has increased drawdown exposure associated with 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 9.512.

[Bearish]: WMA(5) is serving as a resistance line for Ellex Medical Lasers
Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Ellex Medical Lasers

[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 1.2%.

Oversold MFI signal for Ellex Medical Lasers @ 18.17
Money Flow Index /
Oversold MFI signal for Ellex Medical Lasers @ 18.17

[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 18.17. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 89.68.

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 $0.015.

Chaikin Money Flow /
Ellex Medical Lasers: Negative divergence confirmed from CMF Crossover

ELX: Chaikin Oscillator Current Signal -> (1) 19 Feb: BEARISH CROSSOVER (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH CROSSOVER

Low Price /
[Bullish]: Ellex Medical Lasers has beaten previous low by 1.8 %

ELX: LOW Recent Trading -> (1) 19 Feb: 0.85 (2) 16 Feb: 0.835 (3) 15 Feb: 0.847

Recent trading for Ellex Medical Lasers has opened 1.2 % higher than previous session
Opening Price /
Recent trading for Ellex Medical Lasers has opened 1.2 % higher than previous session

ELX: OPEN Current Signal -> (1) 19 Feb: NEUTRAL (2) 16 Feb: BEARISH (3) 15 Feb: BEARISH

Potential continuation of a trend reversal (Bullish) for Ellex Medical Lasers
Commodity Channel Index /
Potential continuation of a trend reversal (Bullish) for Ellex Medical Lasers

[BULLISH]: Ellex Medical Lasers current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -113. ELX received a confirmed CCI crossover on the Feb 6 2018.The bullish signal has been active for 10 days. During the quarter, the lowest CCI value was -227.

Ellex Medical Lasers has moved below the 161.8% extension level ($17.71) [Bullish]
Fibonacci Extensions /
Ellex Medical Lasers has moved below the 161.8% extension level ($17.71) [Bullish]

Ellex Medical Lasers has moved below the 161.8% level ($17.71) [Bullish]. Look for a long limit order entry near this point. Exit price for ELX should be set @$16.75 & Stoploss for Ellex Medical Lasers should be set at $18.67

On Balance Volume /
Traders are currently accumulating Ellex Medical Lasers

[BULLISH]: Ellex Medical Lasers current price has highlighted recent accumulation. Currently, the OBV is 1.74085e+006.

Simple Moving Average /
[Downtrend]: 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 1.2%.

Accumulation / Distribution /
Confirmation of Ellex Medical Lasers is currently being accumulated

[BULLISH]: Ellex Medical Lasers current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Volume /
Ellex Medical Lasers: Daily volume performance is -86.6 [Downtrend]

[BEARISH]: Ellex Medical Lasers current volume downtrend in the first timeframe. Volume for ELX is20789 (-86.6).

William %R Oversold signal is still current for Ellex Medical Lasers [Bullish]
Williams %R /
William %R Oversold signal is still current for Ellex Medical Lasers [Bullish]

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

DVI: Distribution has been initiated for Ellex Medical Lasers
Daily Volume Index /
DVI: Distribution has been initiated for Ellex Medical Lasers

[BEARISH CROSSOVER]: Ellex Medical Lasers current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Sine Weighted Moving Average /
Ellex Medical Lasers: Sine Weighted Moving Average(5) (0.867)

[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 1.2%.

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