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

Emerchants
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Emerchants: Average Directional Index (24.19) has confirmed a weak trend is present
Average Directional Movement /
Emerchants: Average Directional Index (24.19) has confirmed a weak trend is present

[Weak Trend]: ADX for EML has confirmed a weak trend is presentEmerchants has an ATR(14) of 0.067, a DX of 26.85 & an ADX(14) of 24.19

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

[BEARISH]: Emerchants current price has highlighted recent selling pressure. Currently, the Elders Force Index is -12978.

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

[BEARISH]: Emerchants 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 -3%.

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Emerchants indicating downward price movement is likely

[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 -3%.

Chaikin Money Flow /
Emerchants: Negative divergence confirmed from CMF Crossover

[BEARISH CROSSOVER]: Emerchants current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.07. During the quarter, the lowest CMF value was -0.07

Low Price /
EML has achieved a lower low of $1.765 (-1.9 %)

[BULLISH]: Emerchants current downtrend in the first timeframe. Currently, the Low is $1.765 (-1.9 %).

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Aroon Oscillator /
Aroon oscillator for Emerchants has signalled an downtrend is active

[BEARISH]: Emerchants has a current ARU(25) of 12 and a current ARD(25) of 60

Emerchants: Volume MACD oscillator (-26100)
MACD Volume /
Emerchants: Volume MACD oscillator (-26100)

[BEARISH]: Emerchants currently has negative Volume MACD of -26100. This means the signal line is less than the Volume MACD line signalling a bearish movement.

[Fake Day]: MFI indicator is up, volume is down for Emerchants
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Emerchants

Emerchants Currently is a confirmed Fake Day. MFI indicator is up, volume is down for EML. Trend continuation possible for EML from reduced trading activity.

On Balance Volume /
Market conditions are indicating OBV distribution is current for EML

[BEARISH]: Emerchants current price has highlighted recent distribution. Currently, the OBV is -91593.

Coles Reaction Day /
Emerchants: Coles Reaction Day for the daily trend is confirmed

Emerchants: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for EML

Key Reversal /
A short term Key Reversal has formed with Emerchants

[BEARISH]: A short term Key Reversal has formed with Emerchants which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 5 occurrences of this bar reversal giving a signal probability of 2%.

Recent trading for Emerchants has opened 0.3 % higher than previous session
Opening Price /
Recent trading for Emerchants has opened 0.3 % higher than previous session

[BULLISH]: Emerchants opening price has gapped up. Currently, the OPEN is $1.83 (0.3 %).

[Bearish]: SWMA(5) is serving as a resistance line for Emerchants
Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Emerchants

[BEARISH]: Emerchants 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 -3%.

Ulcer Index /
Emerchants: Ulcer Index 6.805 [High Stress]

[BULLISH]: Emerchants UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.805.

Price Range /
Emerchants: Daily price tange is $0.09 [Increasing Range]

[BULLISH]: Emerchants current uptrend in the first timeframe. Currently, the Range is $0.09.

Close Tod Vs Close Yest /
Closing price for EML ($1.765) signals sellers are now keener than buyers

[BEARISH]: Emerchantssellers are keener than buyers and are driving the price down. This is the first day of price decline for EML adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -5.2 & the greatest daily negative change this year has been -5.2. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -8.6%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -5.5%. The loss ratio for price decline 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 downward movement has been -2.1%

Initiation of oversold signal for Emerchants
Moving Average Envelope /
Initiation of oversold signal for Emerchants

[BULLISH CROSSOVER]: Emerchants current price has driven Envelope Bands to become oversold signalling the start of bullish trading conditions. Currently, the Lower Band is 1.7670.

Price percentage oscillator has negative momentum signalling a continuation of the downward price fall for EML
Percentage Price /
Price percentage oscillator has negative momentum signalling a continuation of the downward price fall for EML

[BEARISH]: Emerchants currently has negative PPO -1.900%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Long Black Candle /
EML Basic Candle: Long Black

[BEARISH]: Emerchants has formed a Long Black candlestick. This means, EML has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Average True Range /
Average True Range for Emerchants has signalled an uptrend is active

[Bullish]: Average True Range has confirmed an uptrend is present. Emerchants has a TR of 0.09, and an ATR(14) of 0.067.

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

[BEARISH]: EmerchantsElder Ray Index is signalling a Bearish movementERI is -0.054 indicating bear power. Prices are being driven below the consensus of value for EML during the last trading session [Selling Pressure]

Close Tod Vs Range Tod /
Trading for Emerchants highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Emerchants sellers in control. This is the first day of seller commitment for Emerchants adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 62 trading days with the closing price in the lower part of the range giving a confirmation ratio of 24.2%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 15.4%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 8 days in the upper range giving a ratio of 0.8x.

Emerchants Ease of Movement is -0.601 [Difficult to Move]
Ease of Movement /
Emerchants Ease of Movement is -0.601 [Difficult to Move]

EML: EOM Current Signal -> (1) 20 Feb: BEARISH HARD (2) 19 Feb: BULLISH HARD (3) 16 Feb: BULLISH HARD

[Downtrend]: Recent trading for EML confirms bearish TMA(5) signal
Triangular Moving Average /
[Downtrend]: Recent trading for EML confirms bearish TMA(5) signal

[BEARISH]: Emerchants currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -3%.

Woodie Pivot Point /
Woodie pivot point for EML is bullish. Stoploss should be positioned @$1.697

Emerchants has broken the first Woodie resistance point ($1.809) [Bullish]. Look for a long limit order entry near this point. Exit price for EML should be set @$1.877 & Stoploss for Emerchants should be set at $1.697

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