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

Emerchants
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Emerchants has moved below the S1 Woodie pivot point ($1.33) [Bearish]
Woodie Pivot Point /
Emerchants has moved below the S1 Woodie pivot point ($1.33) [Bearish]

Emerchants current pivot point (Woodie) is: $1.365. The current resistance levels are: (R1) $1.38: (R2) $1.415The current support levels are: (S1) $1.33: (S2) $1.315

Emerchants: Daily volume performance is -37.9 [Downtrend]
Volume /
Emerchants: Daily volume performance is -37.9 [Downtrend]

[BEARISH]: Emerchants current volume downtrend in the first timeframe. Volume for EML is 121570 (-37.9).

Pivot Points /
Pivot point for EML is bearish. Stoploss should be positioned @$1.418

Emerchants has broken the first support point ($1.336) [Bearish]. Look for a short limit order entry near this point. Exit price for EML should be set @$1.318 & short position stoploss for Emerchants should be set between $1.418 & $1.436

Rate of Change /
Emerchants currently has positive rate of change for 9.274

[BULLISH]: Emerchants currently has positive rate of change of 9.274%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Opening Price /
Emerchants opening price of $1.39 (0.7 %)

[BULLISH]: Emerchants opening price has gapped up. Currently, the OPEN is $1.39 (0.7 %).

Range Tod Vs Range Yest /
The biggest price range this month for EML has been $0.2050

[WEAK BULLISH]: Emerchants sellers are becoming less eager. There has been 2 consecutive days of range increase for EML reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2050 & the greatest daily price range this year has been $1.0050. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.2x.

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Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(5) for EML

EML: SWMA Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH CROSSOVER

EML Basic Candle: Black
Black Candle /
EML Basic Candle: Black

[BEARISH]: Emerchants has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Exponential Moving Average(5) signal continues for Emerchants indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues 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 -2.2%.

Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for EML

EML: BWMF Current Signal -> (1) 19 Jun: Fake Day (2) 18 Jun: Fake Day (3) 15 Jun: Squat Day

Weighted Moving Average /
Emerchants is in a short term downtrend with the resistance price @$1.356

EML: WMA Current Signal -> (1) 19 Jun: BEARISH CROSSOVER (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH CROSSOVER

Momentum /
Momentum(5) is increasing for Emerchants

[BULLISH]: Emerchants currently has positive momentum of 0.055. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -2.2%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 12.1%.

Stochastic overbought signal has just been neutralized for Emerchants
Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Emerchants

EML: Stochastic Oscillator Signal -> (1) 19 Jun: BEARISH CROSSUNDER (2) 18 Jun: BEARISH (3) 15 Jun: BULLISH CROSSOVER

Emerchants is no longer overbought [Neutral]
Bollinger Bands /
Emerchants is no longer overbought [Neutral]

[BULLISH CROSSUNDER]: Emerchantsis no longer overbought The current level is 84.03% with a current width of 15.64.

MACD /
EML: Moving Average Convergence Divergence [Bullish]

[BULLISH]: Emerchants currently has positive MACD of 0.0156. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 4.2%.

Elder Ray Index /
[Buying Pressure]: ERI has increased for Emerchants during the last trading session

[BULLISH]: Emerchants Elder Ray Index is signalling a Bullish movementERI is 0.087 indicating bull power. Prices are being driven above the consensus of value for EML during the last trading session [Buying Pressure]

Fibonacci Extensions /
[Short]: Exit price for EML should be set @$0.14

Emerchants has moved above the 161.8% level ($0.16) [Bearish]. Look for a short limit order entry near this point. Exit price for EML should be set @$0.14 & short position stoploss for Emerchants should be set at $0.19

Price percentage oscillator has positive momentum signalling a continuation of the upward price rise for EML
Percentage Price /
Price percentage oscillator has positive momentum signalling a continuation of the upward price rise for EML

[BULLISH]: Emerchants currently has positive PPO 1.993%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

EML: Volume Moving Average Convergence Divergence [Bearish]
MACD Volume /
EML: Volume Moving Average Convergence Divergence [Bearish]

[BEARISH]: Emerchants currently has negative Volume MACD of -62001. This means the signal line is less than the Volume MACD line signalling a bearish movement.

[Long]: Entry price for EML should be set @$1.3638
Demarks Pivot Points /
[Long]: Entry price for EML should be set @$1.3638

Emerchants has broken the first DeMark resistance point ($1.3638) [Bullish]. Look for a long limit order entry near this point. Exit price for EML should be set @$1.378 & Stoploss for Emerchants should be set at $1.328

Detrended Price Oscillator /
Emerchants: Detrended Price Oscillator(20) is 0.0978

[BULLISH]: Emerchants currently has a confirmed uptrend. Price is currently above the displaced moving average for EML. Currently, the return on DPO20 is -2.2%.

Accumulation / Distribution /
Confirmation of Emerchants is currently being accumulated

[BULLISH]: Emerchants current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 122127.

Triangular Moving Average /
Emerchants is in a short term uptrend with the closing price @$1.355

EML: TMA Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH CROSSOVER

Closing Price /
Weaker price performance from EML has seen a lower close of -2.2 % [Downtrend]

[BEARISH]: Emerchants current downtrend in the first timeframe. Currently, the Close is $1.355.

[Downtrend]: A lower low has been achieved for Emerchants
Short Trend /
[Downtrend]: A lower low has been achieved for Emerchants

[BEARISH]: Emerchants is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 4

Emerchants: Daily price range is 0.05 [Downtrend]
Price Range /
Emerchants: Daily price range is 0.05 [Downtrend]

[BEARISH]: Emerchants current downtrend in the first timeframe. Currently, the Range is $0.05.

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