Technical analysis from Emerchants (EML.AX, ASX:EML) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Emerchants
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Emerchants has broken the first DeMark resistance point ($2.1175) [Bullish]
Demarks Pivot Points /
Emerchants has broken the first DeMark resistance point ($2.1175) [Bullish]

Emerchants has broken the first DeMark support point ($2.1175) [Bearish]. Look for a short limit order entry near this point. Exit price for EML should be set @$2.095 & short position stoploss for Emerchants should be set at $2.145

Oversold signal continues for Emerchants indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Emerchants indicating upward price movement is likely

[BEARISH]: Emerchants current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 2.1420.

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Emerchants indicating upward price movement is likely

[BULLISH]: Emerchants 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 1%.

Chaikin Money Flow /
CMF Crossover from decreased selling pressure for Emerchants

[BEARISH CROSSOVER]: Emerchants current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.05. During the quarter, the lowest CMF value was -0.05

Accumulation / Distribution /
Emerchants is being actively accumulated

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

Detrended Price Oscillator /
[Uptrend]: Price for Emerchants is currently above the displaced moving average

[BULLISH]: Emerchants currently has a confirmed uptrend. Price is currently above the displaced moving average for EMLCurrently, the return on DPO20 is 1%.

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PROFIT /
The current revenue for Emerchants is $57.96M

Emerchants Key financial metrics: (1) Revenue: $57.96M (2) EBITDA: $3.28M (3) Price-Sales ratio: 9.03

Emerchants is in a short term uptrend with the support price @$2.111
Weighted Moving Average /
Emerchants is in a short term uptrend with the support price @$2.111

[BULLISH]: Emerchants 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 1%.

EML: Price has moved above the TMA(5) @$2.118
Triangular Moving Average /
EML: Price has moved above the TMA(5) @$2.118

[BULLISH]: Emerchants currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1%.

TRADE /
Market capitalization for Emerchants is $523.13M

Emerchants key financial metrics: (1) MCAP: $523.13M (2) Shares: 246761000 (3) Free Float: 163970000

Ease of Movement /
Emerchants Ease of Movement is 0.137 [Difficult to Move]

EML: EOM Current Signal -> (1) 20 Oct: BULLISH HARD (2) 19 Oct: BEARISH HARD (3) 18 Oct: NEUTRAL

Sine Weighted Moving Average /
Price is now trading above the Sine Weighted Moving Average(5) for EML

[BULLISH]: Emerchants currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1%.

Emerchants is being actively accumulated based on DVI
Daily Volume Index /
Emerchants is being actively accumulated based on DVI

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

Daily trading has maintained an Uptrend long term trend for Emerchants
Long Trend /
Daily trading has maintained an Uptrend long term trend for Emerchants

[BULLISH]: Emerchants is in an uptrend in the medium term timeframe. The current rally number is 17 & the highest rally count for the LTM is 17. The highest rally for the month is 15

Momentum /
5-day momentum is now increasing for Emerchants

[BULLISH CROSSOVER]: Emerchants currently has positive momentum of 0.01. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 9.8%%.

Pivot Points /
Emerchants has broken the first resistance point ($2.144) [Bullish]

Emerchants has broken the first resistance point ($2.144) [Bullish]. Look for a long limit order entry near this point. Exit price for EML should be set @$2.167 & Stoploss for Emerchants should be set between $2.067 & $2.044

On Balance Volume /
Emerchants: Current trading activity signals OBV accumulation is present

[BULLISH]: Emerchants current price has highlighted recent accumulation. Currently, the OBV is 8.66372e+006.

Buying pressure for EML highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for EML highlights ability of buyers to drive the price upwards

[BULLISH]: EmerchantsElder Ray Index is signalling a Bullish movementERI is 0.034 indicating bull power. Prices are being driven above the consensus of value for EML during the last trading session [Buying Pressure]

Closing price for Emerchants has seen buyers win the daily battle for performance @ 1%
Close Tod Vs Close Yest /
Closing price for Emerchants has seen buyers win the daily battle for performance @ 1%

[BULLISH]: Emerchantsbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for EML adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 5.4 & the greatest daily positive change this year has been 92.9. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 8.5%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 5.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily upward movement has been 2.8%

Emerchants: Daily opening performance is 1 % [Uptrend]
Opening Price /
Emerchants: Daily opening performance is 1 % [Uptrend]

[BULLISH]: Emerchants opening price has gapped up. Currently, the OPEN is $2.12 (1 %).

Medium Trend /
EML: Medium term trend is still an Uptrend

[BULLISH]: Emerchants has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 12 2017.

GROWTH /
P/B ratio for Emerchants is 4.34

Emerchants Key financial metrics: (1) Book Value: $0.49 (2) Market-to-Book ratio: 4.34 (3) PEG Ratio:

Range Tod Vs Range Yest /
This is the first day buyers have increased eagerness for EML adding strength to an uptrend in the first timeframe.

EML: Range today versus range yesterday Recent Trading -> (1) 20 Oct: 66.7% (2) 19 Oct: -57.1% (3) 18 Oct: 0%

MACD /
The MACD for EML is losing momentum through a fall on the short term EMA

[BEARISH]: Emerchants currently has negative MACD of -0.017000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.5%.

Emerchants currently has negative volume rate of change for -51
Volume Rate of Change /
Emerchants currently has negative volume rate of change for -51

[BEARISH]: Emerchants currently has negative rate of change of -51%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1%.

Ulcer index has reduced in stress level & low drawdown is expected for Emerchants
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Emerchants

[BEARISH]: Emerchants UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.058.

Percentage Volume /
Volume for Emerchants continues to lose momentum @-18.9)

[BEARISH]: Emerchants currently has negative PVO -18.9%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.5%.

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