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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Recent trading for Emerchants has surpassed the previous low by 1.9 %
Low Price /
Recent trading for Emerchants has surpassed the previous low by 1.9 %

[BEARISH]: Emerchants current uptrend in the first timeframe. Currently, the Low is $1.83 (1.9 %).

Recent trading for Emerchants has surpassed the previous high by 1.4 %
High Price /
Recent trading for Emerchants has surpassed the previous high by 1.4 %

[BULLISH]: Emerchants current uptrend in the first timeframe. Currently, the HIGH is 1.4 %.

Volume Rate of Change /
14-day volume rate of change is now increasing for Emerchants

[BULLISH CROSSOVER]: Emerchants currently has positive volume of change of 220%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 3.6%.

Percentage Volume /
Volume for Emerchants continues to lose momentum @-15.2)

[BEARISH]: Emerchants currently has negative PVO -15.2%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 6.6%.

Aroon Oscillator /
Aroon oscillator for Emerchants has signalled a strong downtrend is active

[BEARISH]: Emerchants has a current ARU(25) of 12 and a current ARD(25) of 76

Close Tod Vs Close Yest /
Buyers are now keener than sellers for Emerchants & are driving the price up.

[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 3.6 & the greatest daily positive change this year has been 7.8. The longest consecutive upswing rally over the last 12 months has been 2 days giving a total rally upward movement of 7.8%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 5.9%. 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 1x. Over the last month the average daily upward movement has been 2.1%

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Close Tod Vs Range Tod /
Emerchants: Close versus price range (77.9%.)

[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 250 trading days with the closing price in the upper part of the range giving a confirmation ratio of 95.1%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 36 days in the upper price range compared to 37 days in the lower range giving a ratio of 1x.

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

EML: WMA Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for EML

EML: Chaikin Oscillator Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

Demarks Pivot Points /
[Long]: Entry price for EML should be set @$1.8835

Emerchants has broken the first DeMark resistance point ($1.8835) [Bullish]. Look for a long limit order entry near this point. Exit price for EML should be set @$1.937 & Stoploss for Emerchants should be set at $1.86

Percentage Price /
Emerchants currently has negative PPO -3.300

[BEARISH]: Emerchants currently has negative PPO -3.300%. This means the current price is losing momentum through a fall on the short term exponential moving average.

EML Basic Candle: White
White Candle /
EML Basic Candle: White

EML: Basic Candlestick Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BEARISH (3) 08 Dec: BULLISH

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

[BULLISH]: Emerchants UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 14.124.

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

[BEARISH]: Emerchants current price has highlighted recent distribution. Currently, the OBV is -1.49347e+007.

Sine Weighted Moving Average /
Emerchants: Closing price $1.89 is above the SWMA(5) @$1.831

[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 3.6%.

Opening Price /
[Bullish]: Opening performance for EML of -1.6 % was achieved in last trading session

EML: OPEN Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH

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 0.048 indicating bull power. Prices are being driven above the consensus of value for EML during the last trading session [Buying Pressure]

Pivot point for EML is bullish. Stoploss should be positioned @$1.799
Pivot Points /
Pivot point for EML is bullish. Stoploss should be positioned @$1.799

Emerchants has broken the first resistance point ($1.922) [Bullish]. Look for a long limit order entry near this point. Exit price for EML should be set @$1.953 & Stoploss for Emerchants should be set between $1.799 & $1.768

Positive momentum: Price is trading higher for Emerchants than 5 days ago
Momentum /
Positive momentum: Price is trading higher for Emerchants than 5 days ago

[BULLISH]: Emerchants currently has positive momentum of 0.09. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 3.6%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 5.9%%.

Rate of Change /
Rate of change(14) is decreasing for Emerchants

[BEARISH]: Emerchants currently has negative rate of change of -6%. 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

Ease of Movement /
Price moved on high volume to close higher for the day for EML [Difficult to Move]

[BULLISH]: Emerchants current price have moved upwards on high volume. Currently, the Ease of Movement is 0.482

Simple Moving Average /
Emerchants is in a short term uptrend with the support price @$1.832

EML: SMA(5) Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

Price Range /
Emerchants: Daily price range is 0.077 [Downtrend]

[BEARISH]: Emerchants current downtrend in the first timeframe. Currently, the Range is $0.077.

Volume MACD oscillator remains negative for EML
MACD Volume /
Volume MACD oscillator remains negative for EML

[BEARISH]: Emerchants currently has negative Volume MACD of -79430. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Emerchants: Buyers were in control all day.
Open Tod Vs Close Tod /
Emerchants: Buyers were in control all day.

EML: Open today versus close yesterday Current Signal ->(1) 12 Dec: BULLISH STRONG (2) 11 Dec: BEARISH WEAK (3) 08 Dec: BULLISH STRONG

Medium Trend /
Daily bar has maintained 2nd timeframe Downtrend for EML

[BEARISH]: Emerchants is in an downtrend in the medium term timeframe. The current rally number is 10 & the highest rally count for the LTM is 10. The highest rally for the month is 8

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