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

Evolution Mining
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Triangular Moving Average(5) signal continues for Evolution Mining indicating downward price movement is likely
Triangular Moving Average /
Triangular Moving Average(5) signal continues for Evolution Mining indicating downward price movement is likely

[BEARISH]: Evolution Mining 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 0.9%.

Volatile price performance from EVN has seen a range of 0.1 [Uptrend]
Price Range /
Volatile price performance from EVN has seen a range of 0.1 [Uptrend]

[BULLISH]: Evolution Mining current uptrend in the first timeframe. Currently, the Range is $0.1.

Exponential Moving Average /
Price is now trading above the Exponential Moving Average(5) for EVN

[BULLISH]: Evolution Mining 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 0.9%.

Pivot Points /
Evolution Mining has broken the first resistance point ($3.54) [Bullish]

Evolution Mining has broken the first resistance point ($3.54) [Bullish]. Look for a long limit order entry near this point. Exit price for EVN should be set @$3.6 & Stoploss for Evolution Mining should be set between $3.4 & $3.34

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for EVN

EVN: SMA(5) Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for EVN

[BULLISH]: Evolution Mining current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 6283.

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Ease of Movement /
Evolution Mining Ease of Movement is 0.079 [Difficult to Move]

EVN: EOM Current Signal -> (1) 22 Jun: BULLISH HARD (2) 21 Jun: BULLISH HARD (3) 20 Jun: BEARISH HARD

Evolution Mining: Sellers are in control at the market close.
Close Tod Vs Range Tod /
Evolution Mining: Sellers are in control at the market close.

[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 79 trading days with the closing price in the lower part of the range giving a confirmation ratio of 30%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 20%. Currently this quarter, closing price has spent 15 days in the lower price range compared to 22 days in the upper range giving a ratio of 0.7x.

Stoploss for Evolution Mining should be set at $3.395
Woodie Pivot Point /
Stoploss for Evolution Mining should be set at $3.395

Evolution Mining has broken the first Woodie resistance point ($3.53) [Bullish]. Look for a long limit order entry near this point. Exit price for EVN should be set @$3.595 & Stoploss for Evolution Mining should be set at $3.395

Momentum /
Evolution Mining currently has negative momentum of -0.09

[BEARISH]: Evolution Mining currently has negative momentum of -0.09 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.9%.The largest downward momentum rally for the last 3 months is 7 days producing a return of -4.3%.

Volume /
EVN has achieved a lower volume of 6.01916e+006 (-35.1)

[BEARISH]: Evolution Mining current volume downtrend in the first timeframe. Volume for EVN is 6.01916e+006 (-35.1).

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

[BEARISH]: Evolution Mining current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -4.14813e+006.

Evolution Mining: Daily Performance (0.9%.)
Close Tod Vs Close Yest /
Evolution Mining: Daily Performance (0.9%.)

[BULLISH]: Evolution Miningbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for EVN adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.3 & the greatest daily positive change this year has been 6.6. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 9.9%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 8.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.2x. Over the last month the average daily upward movement has been 1.600000%

Positive ROC: Price is trading higher for Evolution Mining than 14 days ago
Rate of Change /
Positive ROC: Price is trading higher for Evolution Mining than 14 days ago

[BULLISH]: Evolution Mining currently has positive rate of change of 4.505%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Medium Trend /
Evolution Mining: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Evolution Mining is in an uptrend in the medium term timeframe. The current rally number is 114 & the highest rally count for the LTM is 114. The highest rally for the month is 15

High Price /
Evolution Mining: Daily high price is $3.56 [Higher High]

[BULLISH]: Evolution Mining current uptrend in the first timeframe. Currently, the HIGH is 1.6 %.

Elder Ray Index /
Prices are being driven above the consensus of value for EVN [Bullish]

EVN: Elder Ray Index Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Oversold signal for the Lower Envelope band is still current for Evolution Mining
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Evolution Mining

EVN: Envelope Bands Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

EVN: Price has moved above the SWMA(5) @$3.478
Sine Weighted Moving Average /
EVN: Price has moved above the SWMA(5) @$3.478

[BULLISH]: Evolution Mining 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 0.9%.

Price & volume confirms continued buying pressure for Evolution Mining is likely
Elders Force Index /
Price & volume confirms continued buying pressure for Evolution Mining is likely

EVN: Elders Force Index Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

On Balance Volume /
OBV: Accumulation still active for Evolution Mining

[BULLISH]: Evolution Mining current price has highlighted recent accumulation. Currently, the OBV is 4.62926e+007.

Weighted Moving Average /
Evolution Mining is in a short term uptrend with the closing price @$3.48

[BULLISH]: Evolution Mining currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.9%.

Percentage Price /
Signal line is still above the EMA for Evolution Mining producing positive momentum

[BULLISH]: Evolution Mining currently has positive PPO 1.983%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Short Trend /
EVN: Short term trend is still an Uptrend

EVN: Daily Trend Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BEARISH CONFIRM

Evolution Mining: Buyers are now becoming increasingly eager.
Range Tod Vs Range Yest /
Evolution Mining: Buyers are now becoming increasingly eager.

[BULLISH]: Evolution Mining buyers are increasingly eager. This is the first day buyers have increased eagerness for EVN adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.3650. & the greatest daily price range this year has been $1.1250. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.3x.

Low for EVN has surpassed the low of the previous trading session
Low Price /
Low for EVN has surpassed the low of the previous trading session

[BEARISH]: Evolution Mining current uptrend in the first timeframe. Currently, the Low is $3.46 (1.2 %).

Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (80) for Evolution Mining

[BULLISH]: Evolution Mining has a current ARU(25) of 88 and a current ARD(25) of 8

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