Technical analysis from Energy Resources Of Australia (ERA.AX.AX, ASX:ERA.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Energy Resources Of Australia
+ Share

[Bearish]: WMA(5) is serving as a resistance line for Energy Resources Of Australia
Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Energy Resources Of Australia

[BEARISH]: Energy Resources Of Australia currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.7%.

Open/close reversal confirmed for Energy Resources Of Australia signalling the sellers have lost commitment
Open Tod Vs Close Tod /
Open/close reversal confirmed for Energy Resources Of Australia signalling the sellers have lost commitment

[BEARISH WEAK]: Energy Resources Of Australia opened in the upper part of daily range at 83.3% & closed in the middle part of the trading range at 66.7%. This suggests the sellers have lost commitment. Over the last 12 months there has been 33 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 12.8%. Over the last month there has been 4 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 28.6%.

Williams %R /
William %R for ERA has crossed below the oversold limit triggering a bullish crossover signal

[BEARISH]: Energy Resources Of Australia is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Percentage Volume /
Volume is still below the short term EMA for ERA [Bearish]

[BEARISH]: Energy Resources Of Australia currently has negative PVO -25.4%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -8.4%.

Opening Price /
[Bullish]: Energy Resources Of Australia has opened 0.7 % stronger

ERA: OPEN Current Signal -> (1) 21 Feb: NEUTRAL (2) 20 Feb: NEUTRAL (3) 19 Feb: BEARISH

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

Energy Resources Of Australia Currently is a confirmed Fake Day. MFI indicator is up, volume is down for ERA. Trend continuation possible for ERA from reduced trading activity.

Top companies for
Australian Stock Exchange
Advertisment
Woodie Pivot Point /
Woodie pivot point for ERA is bearish. Stoploss should be positioned @$0.742

Energy Resources Of Australia has broken the first Woodie support point ($0.699) [Bearish]. Look for a short limit order entry near this point. Exit price for ERA should be set @$0.682 & short position stoploss for Energy Resources Of Australia should be set at $0.742

Energy Resources Of Australia: Detrended Price Oscillator(20) (-0.175)
Detrended Price Oscillator /
Energy Resources Of Australia: Detrended Price Oscillator(20) (-0.175)

[BEARISH]: Energy Resources Of Australia currently has a confirmed downtrend. Price is currently below the displaced moving average for ERACurrently, the return on DPO20 is -0.7%.

Energy Resources Of Australia: Look for a long limit order entry @$2.23
Fibonacci Extensions /
Energy Resources Of Australia: Look for a long limit order entry @$2.23

Energy Resources Of Australia has moved below the 161.8% level ($2.23) [Bullish]. Look for a long limit order entry near this point. Exit price for ERA should be set @$2.13 & Stoploss for Energy Resources Of Australia should be set at $2.33

Medium Trend /
Energy Resources Of Australia: 2nd timeframe trend Downtrend remains intact

ERA: Medium Term Current Signal -> (1) 21 Feb: BEARISH (2) 20 Feb: BEARISH (3) 19 Feb: BEARISH

Moving Average Envelope /
Oversold signal continues for Energy Resources Of Australia indicating upward price movement is likely

[BULLISH]: Energy Resources Of Australia current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.7600.

Momentum /
Energy Resources Of Australia: Momentum(5) Crossover

[BULLISH CROSSOVER]: Energy Resources Of Australia currently has positive momentum of 0.015. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0%%.

[Bullish]: Energy Resources Of Australia has beaten previous high by 0 %
High Price /
[Bullish]: Energy Resources Of Australia has beaten previous high by 0 %

ERA: HIGH Current Signal -> (1) 21 Feb: NEUTRAL (2) 20 Feb: NEUTRAL (3) 19 Feb: NEUTRAL

Energy Resources Of Australia: Current trading activity signals DVI accumulation is present
Daily Volume Index /
Energy Resources Of Australia: Current trading activity signals DVI accumulation is present

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

Stochastic Oscillator /
Energy Resources Of Australia is still oversold with the Stochastic Oscillator @18.9

[BULLISH]: Energy Resources Of Australia is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Exponential Moving Average /
Energy Resources Of Australia is in a short term downtrend with the resistance price @$0.72

[BEARISH]: Energy Resources Of Australia 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 -0.7%.

Pivot Points /
Energy Resources Of Australia has broken the first support point ($0.699) [Bearish]

Energy Resources Of Australia has broken the first support point ($0.699) [Bearish]. Look for a short limit order entry near this point. Exit price for ERA should be set @$0.682 & short position stoploss for Energy Resources Of Australia should be set between $0.742 & $0.759

Energy Resources Of Australia: Volume Rate of Change (-84)
Volume Rate of Change /
Energy Resources Of Australia: Volume Rate of Change (-84)

ERA: VROC Current Signal -> (1) 21 Feb: BEARISH (2) 20 Feb: BEARISH CROSSOVER (3) 19 Feb: BEARISH CROSSOVER

Energy Resources Of Australia: The MFI indicator has signalled an upward trend change is possible
Money Flow Index /
Energy Resources Of Australia: The MFI indicator has signalled an upward trend change is possible

[BEARISH]: Energy Resources Of Australia current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 13.88. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 78.09.

Recent trading has highlighted high Ulcer index for Energy Resources Of Australia
Ulcer Index /
Recent trading has highlighted high Ulcer index for Energy Resources Of Australia

[BULLISH]: Energy Resources Of Australia UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 17.114.

Average Directional Movement /
Energy Resources Of Australia: Average Directional Index (56.09)

[Stong Trend]: ADX for ERA has confirmed a very strong trend is presentEnergy Resources Of Australia has an ATR(14) of 0.043, a DX of 70.56 & an ADX(14) of 56.09

Black Candle /
ERA Basic Candle: Black

[BEARISH]: Energy Resources Of Australia has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Close Tod Vs Close Yest /
Daily trading performance for ERA has initiated a short term downtrend

[BEARISH]: Energy Resources Of Australiasellers are keener than buyers and are driving the price down. This is the first day of price decline for ERA adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -6.7 & the greatest daily negative change this year has been -6.7. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -21.8%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -7.2%. 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 0.9x. Over the last month the average daily downward movement has been -2.2%

Energy Resources Of Australia: Daily closing price is $0.715 [Bearish]
Closing Price /
Energy Resources Of Australia: Daily closing price is $0.715 [Bearish]

[BEARISH]: Energy Resources Of Australia current downtrend in the first timeframe. Currently, the Close is $0.715.

Negative momentum on the Volume MACD histogram for ERA is maintained & supports a bearish move is likely
MACD Volume /
Negative momentum on the Volume MACD histogram for ERA is maintained & supports a bearish move is likely

ERA: Volume MACD Current Signal -> (1) 21 Feb: BEARISH (2) 20 Feb: BEARISH CROSSOVER (3) 19 Feb: BEARISH CROSSOVER

Percentage Price /
Energy Resources Of Australia currently has negative PPO -5.900

[BEARISH]: Energy Resources Of Australia currently has negative PPO -5.900%. This means the current price is losing momentum through a fall on the short term exponential moving average.

See More   See more results
Advertisment
Advertisment
back to top