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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Evolution Mining was easily moved downward on high volume in recent trading
Ease of Movement /
Evolution Mining was easily moved downward on high volume in recent trading

[BEARISH]: Evolution Mining current price have moved downwards on high volume. Currently, the Ease of Movement is -0.023

low for EVN has not surpassed the low of the previous trading session
Low Price /
low for EVN has not surpassed the low of the previous trading session

[BULLISH]: Evolution Mining current downtrend in the first timeframe. Currently, the Low is $2.35 (-0.8 %).

Momentum /
Evolution Mining currently has negative momentum of -0.06

EVN: MOM Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH CROSSOVER (3) 08 Dec: BEARISH CROSSOVER

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

[BULLISH]: Evolution Mining current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -130. EVN received a confirmed CCI crossover on the Dec 6 2017.The bullish signal has been active for 5 days. During the quarter, the lowest CCI value was -142.

Opening Price /
Price for EVN has opened stronger than close of the previous trading session

[BULLISH]: Evolution Mining opening price has gapped up. Currently, the OPEN is $2.4 (0.4 %).

Williams %R /
William %R Oversold signal is still current for Evolution Mining [Bullish]

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

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Medium Trend /
EVN: Medium term trend is still an Downtrend

[BEARISH]: Evolution Mining is in an downtrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 3. The highest rally for the month is 8

Evolution Mining: Detrended Price Oscillator(20) is -0.085
Detrended Price Oscillator /
Evolution Mining: Detrended Price Oscillator(20) is -0.085

[BEARISH]: Evolution Mining currently has a confirmed downtrend. Price is currently below the displaced moving average for EVNCurrently, the return on DPO20 is 0.4%.

[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

[BEARISH]: Evolution Mining 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 0.4%.

Closing Price /
[Bullish]: Evolution Mining has beaten previous close by 0.4 %

EVN: CLOSE Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

Average True Range /
Evolution Mining: ATR (0.058) has signalled an downtrend is current

EVN: Average True Range Recent Trading -> (1) 12 Dec: 0.058 (2) 11 Dec: 0.059 (3) 08 Dec: 0.058

Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Evolution Mining

[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 0.4%.

Stochastic oversold signal continues for Evolution Mining indicating upward price movement is likely
Stochastic Oscillator /
Stochastic oversold signal continues for Evolution Mining indicating upward price movement is likely

[BULLISH]: Evolution Mining is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

The EMA trend following signal is still current for Evolution Mining [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Evolution Mining [Bearish]

[BEARISH]: Evolution Mining 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 0.4%.

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

[BEARISH]: Evolution Mining currently has negative rate of change of -5.2%. 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

Demarks Pivot Points /
[Long]: Limit orders for Evolution Mining should be set at $2.37

Evolution Mining has broken the first DeMark resistance point ($2.37) [Bullish]. Look for a long limit order entry near this point. Exit price for EVN should be set @$2.39 & Stoploss for Evolution Mining should be set at $2.34

MACD Volume /
Evolution Mining: Volume MACD @-333601 [Bearish]

[BEARISH]: Evolution Mining currently has negative Volume MACD of -333601. This means the signal line is less than the Volume MACD line signalling a bearish movement.

This is the first day sellers have decreased eagerness for EVN reducing strength of a continued downtrend in the first timeframe.
Range Tod Vs Range Yest /
This is the first day sellers have decreased eagerness for EVN reducing strength of a continued downtrend in the first timeframe.

EVN: Range today versus range yesterday Current Signal ->(1) 12 Dec: BEARISH (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH

Evolution Mining: ARO(-44) has signalled a downtrend is current
Aroon Oscillator /
Evolution Mining: ARO(-44) has signalled a downtrend is current

[BEARISH]: Evolution Mining has a current ARU(25) of 56 and a current ARD(25) of 100

The biggest upward movement for Evolution Mining this month has been 0.4
Close Tod Vs Close Yest /
The biggest upward movement for Evolution Mining this month has been 0.4

[BULLISH]: Evolution Miningbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for EVN adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 0.4 & the greatest daily positive change this year has been 6.8. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 9.8%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4%. 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 1.1x. Over the last month the average daily upward movement has been 0.4%

Fibonacci Fans /
Evolution Mining has moved below the 61.8% retracement fan level ($2.5) [Bearish]

Evolution Mining has moved below the 61.8% retracement level ($2.5) [Bearish]. Look for a short limit order entry near this point. Exit price for EVN should be set @$2.125 & short position stoploss for Evolution Mining should be set between $2.15

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

[BEARISH]: Evolution MiningElder Ray Index is signalling a Bearish movementERI is -0.08 indicating bear power. Prices are being driven below the consensus of value for EVN during the last trading session [Selling Pressure]

On Balance Volume /
Evolution Mining is being actively distributed based on OBV

[BEARISH]: Evolution Mining current price has highlighted recent distribution. Currently, the OBV is -980935.

Triangular Moving Average /
[Downtrend]: Recent trading for EVN indicates ST trend is likely to continue

EVN: TMA Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH CROSSOVER

Accumulation still active for Evolution Mining
Accumulation / Distribution /
Accumulation still active for Evolution Mining

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

Recent upward trend has reduced drawdown exposure associated with Evolution Mining
Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Evolution Mining

[BEARISH]: Evolution Mining UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.934.

High Price /
Evolution Mining: Daily high price is $2.4 [Lower High]

[BEARISH]: Evolution Mining current downtrend in the first timeframe. Currently, the HIGH is -1.6 %.

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