Australian Securities Exchange

Emerchants
+ Share

[Bullish]: TMA(5) is serving as a support line for Emerchants
Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Emerchants

[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 0.6%.

Prices are being driven above the consensus of value for EML [Bullish]
Elder Ray Index /
Prices are being driven above the consensus of value for EML [Bullish]

[BULLISH]: Emerchants Elder Ray Index is signalling a Bullish movementERI is 0.032 indicating bull power. Prices are being driven above the consensus of value for EML during the last trading session [Buying Pressure]

Open Tod Vs Close Tod /
Open/close reversal confirmed for Emerchants signalling the buyers have taken control

[BULLISH]: Emerchants opened in the middle part of daily range at 40% & closed in the upper part of the trading range at 80%. This suggests the buyers have taken control. Over the last 12 months there has been 23 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 8.7%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 20%.

Elders Force Index /
Price & volume confirms continued buying pressure for Emerchants is likely

[BULLISH]: Emerchants current price has highlighted recent buying pressure. Currently, the Elders Force Index is 29428.

Daily Volume Index /
DVI: Accumulation still active for EML.AX

[BULLISH]: Emerchants (ASX:EML) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 3869.

Simple Moving Average /
[Bullish]: SMA(5) is serving as a support line for Emerchants

[BULLISH]: Emerchants 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 0.6%.

Positive ROC for EML is a leading indicator for continued price rise
Rate of Change /
Positive ROC for EML is a leading indicator for continued price rise

[BULLISH]: Emerchants currently has positive rate of change of 12.925%. 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

Two White Soldiers /
Emerchants: Two White Soldiers

[BULLISH]: Emerchants has formed a new Two White Soldiers pattern.

Emerchants: Percentage Volume Oscillator (-25.89)
Percentage Volume /
Emerchants: Percentage Volume Oscillator (-25.89)

[BEARISH]: Emerchants currently has negative PVO -25.89%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.22045e-016%.

Emerchants: Volume rate of Change (14)
Volume Rate of Change /
Emerchants: Volume rate of Change (14)

[BEARISH]: Emerchants currently has negative rate of change of -71%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.6%.

Average Directional Movement /
Emerchants: Average Directional Index (31.3) has confirmed a strong trend is present

[Trend]: ADX for EML has confirmed a strong trend is present. Emerchants has an ATR(14) of 0.053, a DX of 16.26 & an ADX(14) of 31.3

Money Flow Index /
Buying pressure has led to a continued price extreme (overbought) for EML.AX

[BULLISH]: Emerchants (ASX:EML) current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 87.75. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 25.59.

Sine Weighted Moving Average /
Sine Weighted 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 SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.6%.

[Bullish]: Trend following indicator for EML highlights upward price direction is likely
Exponential Moving Average /
[Bullish]: Trend following indicator for EML highlights upward price direction 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 0.6%.

Buying pressure for Emerchants continues - bullish signal
Chaikin Money Flow /
Buying pressure for Emerchants continues - bullish signal

[BULLISH]: Emerchants current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.42. Emerchants (ASX:EML) received a confirmed CMF crossover days on the Jul 6 2018. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.42 occurring on the Jul 6 2018.

Momentum /
5-day momentum is decreasing for Emerchants

[BEARISH]: Emerchants currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.6%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -1.7%.

On Balance Volume /
Traders are currently accumulating Emerchants

[BULLISH]: Emerchants current price has highlighted recent accumulation. Currently, the OBV is 2.70278e+006.

Close Tod Vs Range Tod /
Emerchants: Buyers are in control at the market close.

[BULLISH]: Emerchants buyers are in control at the market close. This is the first day of buyer commitment for Emerchants adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 85 trading days with the closing price in the upper part of the range giving a confirmation ratio of 32.3%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 13 days in the upper price range compared to 5 days in the lower range giving a ratio of 2.6x.

Donchian oversold signal continues for Emerchants indicating upward price movement is likely
Donchian Channels /
Donchian oversold signal continues for Emerchants indicating upward price movement is likely

[BULLISH]: Emerchants is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

Daily trading has maintained an Uptrend medium trend for Emerchants
Medium Trend /
Daily trading has maintained an Uptrend medium trend for Emerchants

[BULLISH]: Emerchants has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 8 2018.

[Long]: Entry price for EML should be set @$1.6575
Demarks Pivot Points /
[Long]: Entry price for EML should be set @$1.6575

Emerchants has broken the first DeMark resistance point ($1.6575) [Bullish]. Look for a long limit order entry near this point. Exit price for EML should be set @$1.675 & Stoploss for Emerchants should be set at $1.65

Fibonacci Extensions /
Emerchants: Look for a short limit order entry @$0.07

Emerchants has moved above the 161.8% level ($0.07) [Bearish]. Look for a short limit order entry near this point. Exit price for EML should be set @$0.06 & short position stoploss for Emerchants should be set at $0.09

Accumulation / Distribution /
EML.AX: Current trading activity signals accumulation is active

[BULLISH]: Emerchants (ASX:EML) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 3.67023e+006.

Percentage Price /
Emerchants currently has positive PPO 3.634

[BULLISH]: Emerchants currently has positive PPO 3.634%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Average True Range /
Daily trading has confirmed an ATR downtrend (0.053) for Emerchants

[Bearish]: Average True Range has confirmed an downtrend is present. Emerchants has a TR of 0.025, and an ATR(14) of 0.053.

[Bullish]: Displaced moving average is currently below the price for EML
Detrended Price Oscillator /
[Bullish]: Displaced moving average is currently below the price for EML

[BULLISH]: Emerchants currently has a confirmed uptrend. Price is currently above the displaced moving average for EML. Currently, the return on DPO20 is 0.6%.

Emerchants has signalled an Aroon trend present [Uptrend]
Aroon Oscillator /
Emerchants has signalled an Aroon trend present [Uptrend]

[BULLISH]: Emerchants has a current ARU(25) of 68 and a current ARD(25) of 52

Williams %R /
William %R (-14.3) for EML is still above the Overbought limit

EML: William %R Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH CROSSOVER (3) 10 Aug: BEARISH CROSSUNDER

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