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

Energy Resources Of Australia
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Energy Resources Of Australia has moved above the R1 pivot point ($0.531) [Bullish]
Pivot Points /
Energy Resources Of Australia has moved above the R1 pivot point ($0.531) [Bullish]

Energy Resources Of Australia has broken the first resistance point ($0.531) [Bullish]. Look for a long limit order entry near this point. Exit price for ERA should be set @$0.538 & Stoploss for Energy Resources Of Australia should be set between $0.498 & $0.491

The SMA trend following signal is still current for Energy Resources Of Australia [Bullish]
Simple Moving Average /
The SMA trend following signal is still current for Energy Resources Of Australia [Bullish]

[BULLISH]: Energy Resources Of Australia 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 1.9%.

Daily Volume Index /
DVI: Accumulation still active for Energy Resources Of Australia

[BULLISH]: Energy Resources Of Australia current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 2264.

Moving Average Envelope /
Energy Resources Of Australia is still oversold with the Lower Envelope Band @$0.494

[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 0.494.

Williams %R /
William %R (-66.7) for ERA is now above the oversold limit

ERA: William %R Recent Trading -> (1) 17 May: -66.7 (2) 16 May: -90.9 (3) 15 May: -81.8

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

ERA: PPO Recent Trading -> (1) 17 May: -1.188 (2) 17 May: -0.405 (3) 17 May: -0.009

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Elders Force Index /
Bullish conditions for ERA are likely to continue based on EFI (1113)

ERA: Elders Force Index Current Signal -> (1) 17 May: BULLISH (2) 17 May: BULLISH CROSSOVER (3) 17 May: BEARISH

Energy Resources Of Australia: Daily closing price is $0.525 [Bullish]
Closing Price /
Energy Resources Of Australia: Daily closing price is $0.525 [Bullish]

[BULLISH]: Energy Resources Of Australia current uptrend in the first timeframe. Currently, the Close is $0.525.

CMF showing buying pressure & potential change in direction for ERA
Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for ERA

[BULLISH]: Energy Resources Of Australia current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.51. ERA received a confirmed CMF crossover days on the May 2 2018. The bullish signal has been active for 3 days. During the quarter, the highest CMF value was 0.51 occurring on the May 2 2018.

Average True Range /
[Downtrend]: Average True Range @0.024 has confirmed an downtrend for ERA

[Bearish]: Average True Range has confirmed an downtrend is present. Energy Resources Of Australia has a TR of 0.02, and an ATR(14) of 0.024.

Open Tod Vs Close Tod /
Energy Resources Of Australia: Buyers have taken control.

[BULLISH]: Energy Resources Of Australia opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 33 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 12.5%. Over the last month there has been 3 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 23.1%.

Accumulation / Distribution /
ERA: Current trading activity signals accumulation is active

[BULLISH]: Energy Resources Of Australia current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.12146e+006.

ERA Basic Candle: White
White Candle /
ERA Basic Candle: White

[BULLISH]: Energy Resources Of Australia has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Percentage volume oscillator remains negative for ERA
Percentage Volume /
Percentage volume oscillator remains negative for ERA

[BEARISH]: Energy Resources Of Australia currently has negative PVO -9.31%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.9%.

Triangular Moving Average /
Energy Resources Of Australia is in a short term uptrend with the closing price @$0.525

ERA: TMA Current Signal -> (1) 17 May: BULLISH (2) 17 May: BULLISH CROSSOVER (3) 17 May: BEARISH

On Balance Volume /
Recent trading signals Energy Resources Of Australia is being accumulated

ERA: OBV Current Signal ->(1) 17 May: BULLISH CROSSOVER (2) 17 May: BEARISH CROSSOVER (3) 17 May: BULLISH

Volume /
Recent trading for Energy Resources Of Australia has surpassed the previous volume by 138.0

[BULLISH]: Energy Resources Of Australia current volume uptrend in the first timeframe. Volume for ERA is 253898 (138.0).

Energy Resources Of Australia: Daily low performance is -1.0 % [Downtrend]
Low Price /
Energy Resources Of Australia: Daily low performance is -1.0 % [Downtrend]

[BULLISH]: Energy Resources Of Australia current downtrend in the first timeframe. Currently, the Low is $0.505 (-1.0 %).

Energy Resources Of Australia has broken below the 161.8% extension level ($6.15) [Bullish]
Fibonacci Extensions /
Energy Resources Of Australia has broken below the 161.8% extension level ($6.15) [Bullish]

Energy Resources Of Australia has moved below the 161.8% level ($6.15) [Bullish]. Look for a long limit order entry near this point. Exit price for ERA should be set @$6.93 & Stoploss for Energy Resources Of Australia should be set at $5.36

The EMA trend following signal is still current for Energy Resources Of Australia [Bullish]
Exponential Moving Average /
The EMA trend following signal is still current for Energy Resources Of Australia [Bullish]

[BULLISH]: Energy Resources Of Australia 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 1.9%.

Aroon Oscillator /
Energy Resources Of Australia: Aroon oscillator (16) has confirmed an uptrend is present

[BULLISH]: Energy Resources Of Australia has a current ARU(25) of 28 and a current ARD(25) of 12

Close Tod Vs Close Yest /
The biggest upward movement for Energy Resources Of Australia this month has been 4.7

[BULLISH]: Energy Resources Of Australiabuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for ERA adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.7 & the greatest daily positive change this year has been 9.9. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 27.7%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 10.9%. 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 0.8x. Over the last month the average daily upward movement has been 1.900000%

Range Tod Vs Range Yest /
Energy Resources Of Australia: Range Performance (33.3)

[BEARISH]: Energy Resources Of Australia sellers are increasingly eager. There has been 3 consecutive days of range increase for ERA adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0600 & the greatest daily price range this year has been $0.4700. 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 0.1x.

Rate of Change /
Negative ROC: Price is trading lower for Energy Resources Of Australia than 14 days ago

[BEARISH]: Energy Resources Of Australia currently has negative rate of change of -2.778%. 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

The simple moving average and past price for ERA has confirmed bearish trading conditions
Detrended Price Oscillator /
The simple moving average and past price for ERA has confirmed bearish trading conditions

ERA: DPO Recent Trading -> (1) 17 May: -0.0028 (2) 16 May: -0.011 (3) 15 May: -0.0048

This is the first day of buyer commitment for Energy Resources Of Australia adding strength to an uptrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of buyer commitment for Energy Resources Of Australia adding strength to an uptrend in the first timeframe

[BULLISH]: Energy Resources Of Australia buyers are in control at the market close. This is the first day of buyer commitment for Energy Resources Of Australia 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 142 trading days with the closing price in the upper part of the range giving a confirmation ratio of 54%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 46.2%. Currently this quarter, closing price has spent 11 days in the upper price range compared to 9 days in the lower range giving a ratio of 1.2x.

Woodie Pivot Point /
Energy Resources Of Australia has broken the first Woodie support point ($0.515) [Bearish]

Energy Resources Of Australia current pivot point (Woodie) is: $0.52. The current resistance levels are: (R1) $0.535: (R2) $0.54The current support levels are: (S1) $0.515: (S2) $0.5

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