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

Evolution Mining
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Evolution Mining: Close versus price range (0%.)
Close Tod Vs Range Tod /
Evolution Mining: Close versus price range (0%.)

[BEARISH]: Evolution Mining sellers in control. This is the first day of seller commitment for Evolution Mining 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 84 trading days with the closing price in the lower part of the range giving a confirmation ratio of 32.8%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 23.1%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 6 days in the upper range giving a ratio of 1x.

Price is now trading below the Simple Moving Average(5) for EVN
Simple Moving Average /
Price is now trading below the Simple Moving Average(5) for EVN

[BULLISH]: Evolution Mining 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 -1.7%.

Momentum /
Negative momentum confirmation for Evolution Mining is a leading indicator for continued price falls

EVN: MOM Current Signal -> (1) 20 Feb: BEARISH CROSSOVER (2) 19 Feb: BULLISH CROSSOVER (3) 16 Feb: BULLISH CROSSOVER

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

[BULLISH]: Evolution MiningElder Ray Index is signalling a Bullish movementERI is 0.054 indicating bull power. Prices are being driven above the consensus of value for EVN during the last trading session [Buying Pressure]

High Price /
[Bearish]: Evolution Mining has failed beat previous high by -0.5 %

[BEARISH]: Evolution Mining current downtrend in the first timeframe. Currently, the HIGH is -0.5 %.

Sine Weighted Moving Average /
Evolution Mining is in a short term downtrend with the closing price @$2.81

[BEARISH]: Evolution Mining 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 -1.7%.

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

[BEARISH]: Evolution Mining current price has highlighted recent distribution. Currently, the OBV is -2.50394e+007.

Volume MACD oscillator remains negative for EVN
MACD Volume /
Volume MACD oscillator remains negative for EVN

[BEARISH]: Evolution Mining currently has negative Volume MACD of -1.27777e+006. This means the signal line is less than the Volume MACD line signalling a bearish movement.

[Short]: Entry price for EVN should be set @$2.19
Fibonacci Extensions /
[Short]: Entry price for EVN should be set @$2.19

Evolution Mining has moved above the 161.8% level ($2.19) [Bearish]. Look for a short limit order entry near this point. Exit price for EVN should be set @$2 & short position stoploss for Evolution Mining should be set at $2.39

Low Price /
EVN has achieved a new low of $2.81 (0.7 %)

[BEARISH]: Evolution Mining current uptrend in the first timeframe. Currently, the Low is $2.81 (0.7 %).

Accumulation / Distribution /
Evolution Mining: Current trading activity signals accumulation is present

EVN: ADLINE Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH CROSSOVER

Rate of Change /
Rate of change is now falling for Evolution Mining signalling an downtrend will persist

[BEARISH CROSSOVER]: Evolution Mining currently has negative rate of change of -1.4%. 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

Evolution Mining continues positive divergence & potential shift in direction
Chaikin Money Flow /
Evolution Mining continues positive divergence & potential shift in direction

[BULLISH]: Evolution Mining current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.18. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.21

Negative VROC for Evolution Mining is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC for Evolution Mining is a leading indicator for continued price fall

[BEARISH]: Evolution Mining currently has negative rate of change of -47%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.7%.

Stochastic Oscillator /
Evolution Mining is no longer overbought [Neutral]

EVN: Stochastic Oscillator Signal -> (1) 20 Feb: BEARISH CROSSUNDER (2) 19 Feb: BULLISH CROSSOVER (3) 16 Feb: NEUTRAL

Price Range /
Evolution Mining: Daily price range is 0.045 [Downtrend]

[BEARISH]: Evolution Mining current downtrend in the first timeframe. Currently, the Range is $0.045.

Long Trend /
Evolution Mining: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Evolution Mining has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 15 2018.

Price spike from high volume trading for Evolution Mining during last trading session
Ease of Movement /
Price spike from high volume trading for Evolution Mining during last trading session

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

Open/close reversal confirmed for Evolution Mining signalling the sellers were in control all day
Open Tod Vs Close Tod /
Open/close reversal confirmed for Evolution Mining signalling the sellers were in control all day

[BEARISH STRONG]: Evolution Mining opened in the upper part of daily range at 88.9% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 44 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 17.2%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 15.4%.

[Bearish]: Trend following indicator for EVN highlights downward price direction is likely
Weighted Moving Average /
[Bearish]: Trend following indicator for EVN highlights downward price direction is likely

EVN: WMA Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH CROSSOVER

Detrended Price Oscillator /
DPO for EVN has confirmed price is currently above the displaced moving average

[BULLISH]: Evolution Mining currently has a confirmed uptrend. Price is currently above the displaced moving average for EVNCurrently, the return on DPO20 is -1.7%.

Opening Price /
Evolution Mining: Daily opening price is $2.85

[BEARISH]: Evolution Mining opening price has gapped down. Currently, the OPEN is $2.85 (1.1 %).

Average True Range /
Evolution Mining: ATR (0.089)

EVN: Average True Range Recent Trading -> (1) 20 Feb: 0.089 (2) 19 Feb: 0.092 (3) 16 Feb: 0.093

The current price is still gaining momentum through a rise for EVN on the short term EMA.
Percentage Price /
The current price is still gaining momentum through a rise for EVN on the short term EMA.

[BULLISH]: Evolution Mining currently has positive PPO 1.700%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Percentage Volume /
Percentage volume oscillator is now negative for EVN

[BEARISH CROSSOVER]: Evolution Mining currently has negative PVO -1.5%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

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