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

Evolution Mining
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The daily range for Evolution Mining has again achieved a higher high [Uptrend]
Short Trend /
The daily range for Evolution Mining has again achieved a higher high [Uptrend]

EVN: Daily Trend Recent Trading -> (1) 17 Oct: Uptrend (2) 16 Oct: Uptrend (3) 13 Oct: Inside Day

Evolution Mining: Daily low price is $2.28 [Lower Low]
Low Price /
Evolution Mining: Daily low price is $2.28 [Lower Low]

[BEARISH]: Evolution Mining current uptrend in the first timeframe. Currently, the Low is $2.28 (0.4 %).

Elders Force Index /
[Bullish]: Elders Force Index (81319) confirms buying pressure remains

[BULLISH]: Evolution Mining current price has highlighted recent buying pressure. Currently, the Elders Force Index is 81319.

Volume Rate of Change /
Evolution Mining: Volume rate of Change (14)

[BEARISH]: Evolution Mining currently has negative rate of change of -15%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.3%.

Percentage Volume /
Negative momentum on volume for EVN is maintained & supports a bearish move is likely

EVN: PVO Current Signal -> (1) 17 Oct: BEARISH (2) 16 Oct: BEARISH CROSSOVER (3) 13 Oct: BEARISH CROSSOVER

Open Tod Vs Close Tod /
Open/close reversal confirmed for Evolution Mining signalling the buyers have lost commitment

[BULLISH WEAK]: Evolution Mining opened in the lower part of daily range at 22.2% & closed in the middle part of the trading range at 55.6%. This suggests the buyers have lost commitment. Over the last 12 months there has been 31 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 11.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 16.7%.

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Commodity Channel Index /
Continuation of the overbought CCI signal for Evolution Mining

[BEARISH]: Evolution Mining current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 176. EVN received a confirmed CCI crossover on the Oct 16 2017.The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 176.

Evolution Mining: Daily high price is $2.37 [Higher High]
High Price /
Evolution Mining: Daily high price is $2.37 [Higher High]

EVN: HIGH Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH (3) 13 Oct: BEARISH

PPO: The shorter moving average for EVNis still below the longer term moving average
Percentage Price /
PPO: The shorter moving average for EVNis still below the longer term moving average

[BEARISH]: Evolution Mining currently has negative PPO -0.900%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Sine Weighted Moving Average /
EVN: Price continues to move above the SWMA(5) @$2.280

[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 1.3%.

Accumulation / Distribution /
Distribution still active for Evolution Mining

[BEARISH]: Evolution Mining current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Evolution Mining

EVN: TMA Current Signal -> (1) 17 Oct: BEARISH (2) 16 Oct: BEARISH (3) 13 Oct: BEARISH

Evolution Mining has signalled an Average Directional Index weak trend present
Average Directional Movement /
Evolution Mining has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for EVN has confirmed a weak trend is presentEvolution Mining has an ATR(14) of 0.057, a DX of 16.29 & an ADX(14) of 24.48

Limit order for a short position has been identified for Evolution Mining @$4.9)
Fibonacci Fans /
Limit order for a short position has been identified for Evolution Mining @$4.9)

Evolution Mining has moved below the 61.8% retracement level ($4.9) [Bearish]. Look for a short limit order entry near this point. Exit price for EVN should be set @$2.14 & short position stoploss for Evolution Mining should be set between $2.15

On Balance Volume /
Traders are currently Distributing Evolution Mining

[BEARISH]: Evolution Mining current price has highlighted recent distribution. Currently, the OBV is -3.58643e+007.

Fibonacci Extensions /
[Short]: Limit orders for Evolution Mining should be set at $2.1

Evolution Mining has moved above the 161.8% level ($2.1) [Bearish]. Look for a short limit order entry near this point. Exit price for EVN should be set @$2.14 & short position stoploss for Evolution Mining should be set at $2.06

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Evolution Mining

EVN: UIX Current Signal -> (1) 17 Oct: High stress (2) 16 Oct: High stress (3) 13 Oct: High stress

Evolution Mining is now overbought with the Relative Strength Index @70.4807
Relative Strength Index /
Evolution Mining is now overbought with the Relative Strength Index @70.4807

[BEARISH]: Evolution Mining is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @70.4807

Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for EVN
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for EVN

[BEARISH]: Evolution Mining has a current ARO(25) of -68. This has change 4 points from yesterday.

Closing price for EVN is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for EVN is still below the lower envelope signalling a bullish movement

[BULLISH]: Evolution Mining current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.2135.

Bollinger Bands /
Closing price for EVN has crossed above the upper Bollinger Band triggering a bearish crossover signal

[BEARISH CROSSOVER]: Evolution Mining has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 101.24% with a current width of 7.34.

Pivot Points /
Evolution Mining has moved above the R1 pivot point ($2.374) [Bullish]

Evolution Mining has broken the first resistance point ($2.374) [Bullish]. Look for a long limit order entry near this point. Exit price for EVN should be set @$2.417 & Stoploss for Evolution Mining should be set between $2.237 & $2.194

Rate of Change /
Positive ROC for Evolution Mining is a leading indicator for continued price rise

[BULLISH]: Evolution Mining currently has positive rate of change of 3.1%. 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

Bill Williams Market Facilitation /
Volume is down & Money Flow Index is up confirming a Fake Day for EVN

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

Evolution Mining: Share price rise (1.3% signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Evolution Mining: Share price rise (1.3% signals buyers are still keener than sellers

[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 2.3 & the greatest daily positive change this year has been 6.8. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 19.9%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4.3%. 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 1x. Over the last month the average daily upward movement has been 1.5%

Trading session closed higher on high volume for Evolution Mining [Bullish]
Ease of Movement /
Trading session closed higher on high volume for Evolution Mining [Bullish]

EVN: EOM Current Signal -> (1) 17 Oct: BULLISH HARD (2) 16 Oct: BULLISH HARD (3) 13 Oct: NEUTRAL

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

[BEARISH]: Evolution Mining currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.3%.

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