Technical analysis from Freedom Insurance (FIG.AX, ASX:FIG.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Freedom Insurance
+ Share

The SMA trend following signal is now active for Freedom Insurance  [Bearish]
Simple Moving Average /
The SMA trend following signal is now active for Freedom Insurance [Bearish]

[BEARISH]: Freedom Insurance 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 2.3%.

OBV: Accumulation still active for Freedom Insurance
On Balance Volume /
OBV: Accumulation still active for Freedom Insurance

[BULLISH]: Freedom Insurance current price has highlighted recent accumulation. Currently, the OBV is 2.19975e+006.

Volume Rate of Change /
Freedom Insurance currently has positive volume rate of change for 264

[BULLISH]: Freedom Insurance currently has positive volume of change of 264%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.3%.

Low Price /
Recent trading for Freedom Insurance has surpassed the previous low by 2.4 %

FIG: LOW Current Signal -> (1) 17 May: BULLISH (2) 16 May: BEARISH (3) 15 May: BEARISH

High Price /
Strong price performance from FIG has seen a higher high of 1.1 % [Uptrend]

[BULLISH]: Freedom Insurance current uptrend in the first timeframe. Currently, the HIGH is 1.1 %.

Close Tod Vs Close Yest /
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

[BULLISH]: Freedom Insurance buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for FIG adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.4 & the greatest daily positive change this year has been 11.1. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 16.3%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 15.5%. 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 2.500000%

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Accumulation / Distribution /
Distribution still active for Freedom Insurance

[BEARISH]: Freedom Insurance current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -872903.

Freedom Insurance : Daily opening price is $0.445
Opening Price /
Freedom Insurance : Daily opening price is $0.445

[BULLISH]: Freedom Insurance opening price has gapped up. Currently, the OPEN is $0.445 (0.0 %).

Recent trading signals Freedom Insurance  is being distributed
Daily Volume Index /
Recent trading signals Freedom Insurance is being distributed

[BEARISH CROSSOVER]: Freedom Insurance current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -1637.

Demarks Pivot Points /
Freedom Insurance has broken the first DeMark support point ($0.4425) [Bearish]

Freedom Insurance has broken the first DeMark support point ($0.4425) [Bearish]. Look for a short limit order entry near this point. Exit price for FIG should be set @$0.4350 & short position stoploss for Freedom Insurance should be set at $0.455

Bollinger Bands /
Freedom Insurance is no longer oversold and normal trading conditions are resumed

[BEARISH CROSSUNDER]: Freedom Insurance is no longer oversold The current level is 20.41% with a current width of 7.79.

Weighted Moving Average /
Freedom Insurance : Weighted Moving Average(5) (0.445)

[BULLISH]: Freedom Insurance 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 2.3%.

[Downtrend]: Recent trading for FIG confirms bearish EMA(5) signal
Exponential Moving Average /
[Downtrend]: Recent trading for FIG confirms bearish EMA(5) signal

FIG: EMA(5) Current Signal -> (1) 17 May: BEARISH CROSSOVER (2) 17 May: BULLISH (3) 17 May: BULLISH CROSSOVER

[Weak Trend]: Average Directional Index (22.68) weak trend has been confirmed for FIG
Average Directional Movement /
[Weak Trend]: Average Directional Index (22.68) weak trend has been confirmed for FIG

[Weak Trend]: ADX for FIG has confirmed a weak trend is present. Freedom Insurance has an ATR(14) of 0.016, a DX of 12.17 & an ADX(14) of 22.68

Close Tod Vs Range Tod /
The daily battle of control for Freedom Insurance was won by the buyers

[BULLISH]: Freedom Insurance buyers are in control at the market close. This is the first day of buyer commitment for Freedom Insurance 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 85 trading days with the closing price in the upper part of the range giving a confirmation ratio of 32.3%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 30.8%. Currently this quarter, closing price has spent 11 days in the upper price range compared to 14 days in the lower range giving a ratio of 0.8x.

Aroon Oscillator /
Aroon oscillator for Freedom Insurance has signalled an uptrend is active

[BULLISH]: Freedom Insurance has a current ARO(25) of 48. This has change 72 points from yesterday.

Commodity Channel Index /
FIG: Commodity Channel Index has continued confirmed oversold trading conditions

[BULLISH]: Freedom Insurance current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -143. The bullish signal has been active for 3 days. During the quarter, the lowest CCI value was -257.

Negative ROC: Price is trading lower for Freedom Insurance  than 14 days ago
Rate of Change /
Negative ROC: Price is trading lower for Freedom Insurance than 14 days ago

[BEARISH]: Freedom Insurance currently has negative rate of change of -2.198%. 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

Recent trading for Freedom Insurance  has surpassed the previous volume by 69.0
Volume /
Recent trading for Freedom Insurance has surpassed the previous volume by 69.0

[BULLISH]: Freedom Insurance current volume uptrend in the first timeframe. Volume for FIG is 302240 (69.0).

[Long]: Entry price for FIG should be set @$2.26
Fibonacci Extensions /
[Long]: Entry price for FIG should be set @$2.26

Freedom Insurance has moved below the 161.8% level ($2.26) [Bullish]. Look for a long limit order entry near this point. Exit price for FIG should be set @$2.07 & Stoploss for Freedom Insurance should be set at $2.46

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Freedom Insurance [Bearish]

FIG: SWMA Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BEARISH

Triangular Moving Average /
The TMA trend following signal is now active for Freedom Insurance [Bearish]

[BEARISH]: Freedom Insurance 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 2.3%.

MACD /
Freedom Insurance : MACD oscillator (-0.0046)

[BEARISH]: Freedom Insurance currently has negative MACD of -0.0046. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.9%.

Open Tod Vs Close Tod /
FIG: Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the upper price range

[BULLISH]: Freedom Insurance opened in the upper part of daily range at 75% & closed in the upper part of the trading range at 75%. This suggests the sellers have lost control. Over the last 12 months there has been 21 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 15.4%.

Recent trading for FIG has beaten the previous close by 2.3 % [Uptrend]
Closing Price /
Recent trading for FIG has beaten the previous close by 2.3 % [Uptrend]

[BULLISH]: Freedom Insurance current uptrend in the first timeframe. Currently, the Close is $0.445.

Freedom Insurance  has moved above the R1 Woodie pivot point ($0.456) [Bullish]
Woodie Pivot Point /
Freedom Insurance has moved above the R1 Woodie pivot point ($0.456) [Bullish]

Freedom Insurance has broken the first Woodie resistance point ($0.456) [Bullish]. Look for a long limit order entry near this point. Exit price for FIG should be set @$0.463 & Stoploss for Freedom Insurance should be set at $0.423

Pivot Points /
Limit order for a long position has been identified for Freedom Insurance [Bullish]

Freedom Insurance has broken the first resistance point ($0.454) [Bullish]. Look for a long limit order entry near this point. Exit price for FIG should be set @$0.462 & Stoploss for Freedom Insurance should be set between $0.422 & $0.414

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