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

Folkestone
+ Share

Limit order for a long position has been identified for Folkestone @$7.99
Fibonacci Extensions /
Limit order for a long position has been identified for Folkestone @$7.99

Folkestone has moved below the 161.8% level ($7.99) [Bullish]. Look for a long limit order entry near this point. Exit price for FLK should be set @$6.92 & Stoploss for Folkestone should be set at $9.06

Stoploss for Folkestone should be set at $1.101
Woodie Pivot Point /
Stoploss for Folkestone should be set at $1.101

Folkestone has broken the first Woodie support point ($1.102) [Bearish]. Look for a short limit order entry near this point. Exit price for FLK should be set @$1.101 & short position stoploss for Folkestone should be set at $1.111

Accumulation / Distribution /
Distribution signal for Folkestone is confirmed

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

Open Tod Vs Close Tod /
Folkestone: Over the last month there has been 4 trading days giving a confirmation ratio of 30.8%.

[BEARISH STRONG]: Folkestone opened in the upper part of daily range at 100% & 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 4 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 30.8%.

Closing Price /
Strong price performance from FLK has seen a higher close of 0 % [Uptrend]

FLK: CLOSE Current Signal -> (1) 20 Feb: NEUTRAL (2) 19 Feb: NEUTRAL (3) 16 Feb: BEARISH

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

FLK: Elder Ray Index Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

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Low Price /
Folkestone: Daily low performance is 0 % [Uptrend]

FLK: LOW Current Signal -> (1) 20 Feb: NEUTRAL (2) 19 Feb: BULLISH (3) 16 Feb: BEARISH

Folkestone: ATR (0.015)
Average True Range /
Folkestone: ATR (0.015)

[Bearish]: Average True Range has confirmed an downtrend is present. Folkestone has a TR of 0.005, and an ATR(14) of 0.015.

Bearish trading conditions for Folkestone has been signalled from the DPO (-0.0877)
Detrended Price Oscillator /
Bearish trading conditions for Folkestone has been signalled from the DPO (-0.0877)

[BEARISH]: Folkestone currently has a confirmed downtrend. Price is currently below the displaced moving average for FLKCurrently, the return on DPO20 is 0%.

Pivot Points /
Folkestone has broken the first resistance point ($1.109) [Bullish]

Folkestone has broken the first resistance point ($1.109) [Bullish]. Look for a long limit order entry near this point. Exit price for FLK should be set @$1.112 & Stoploss for Folkestone should be set between $1.102 & $1.099

Black Marubozu /
FLK Basic Candle: Black Marubozu

[BEARISH]: Folkestone has formed a Black Marubozu candlestick. This means, FLK has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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

[BEARISH]: Folkestone current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 1.2075.

Folkestone: Volume Rate of Change (-70)
Volume Rate of Change /
Folkestone: Volume Rate of Change (-70)

[BEARISH CROSSOVER]: Folkestone currently has negative rate of change of -70%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

The MACD continues to rise above the signal line for FLK [Bullish]
MACD /
The MACD continues to rise above the signal line for FLK [Bullish]

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

Stochastic Oscillator /
Oversold signal for the Stochastic Oscillator is still current for Folkestone

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

Range Tod Vs Range Yest /
This is the first day buyers have increased eagerness for FLK adding strength to an uptrend in the first timeframe.

[BULLISH]: Folkestonebuyers are increasingly eager. This is the first day buyers have increased eagerness for FLK adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.055. & the greatest daily price range this year has been $0.165. The price range ratio this week versus the quarterly price range is 0.1x & the price range ratio this month versus the year to date price range is 0.3x.

On Balance Volume /
Folkestone is being actively distributed based on OBV

[BEARISH]: Folkestone current price has highlighted recent distribution. Currently, the OBV is -1.05591e+006.

[Bearish]: TMA(5) is serving as a resistance line for Folkestone
Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Folkestone

[BEARISH]: Folkestone 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%.

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

[BEARISH]: Folkestone currently has negative rate of change of -3.1%. 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

[High Stress]: High drawdown associated with recent trading of FLK
Ulcer Index /
[High Stress]: High drawdown associated with recent trading of FLK

[BULLISH]: Folkestone UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.623.

Money Flow Index /
Folkestone: Oversold signal still active

[BEARISH]: Folkestone current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 16.54. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 42.74.

Simple Moving Average /
Folkestone: Closing price $1.105 is below the SMA(5) @$1.11

FLK: SMA(5) Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH CROSSOVER

Elders Force Index /
Elders Force Index (-197) has signalled bearish conditions in recent trading for FLK

[BEARISH]: Folkestone current price has highlighted recent selling pressure. Currently, the Elders Force Index is -197.

Folkestone: ARO(-72) has signalled and strong downtrend is current
Aroon Oscillator /
Folkestone: ARO(-72) has signalled and strong downtrend is current

FLK: Aroon Oscillator Current Signal -> (1) 20 Feb: BEARISH STRONG (2) 19 Feb: BEARISH STRONG (3) 16 Feb: BEARISH STRONG

Folkestone has moved above the R1 DeMark pivot point ($1.10625) [Bullish]
Demarks Pivot Points /
Folkestone has moved above the R1 DeMark pivot point ($1.10625) [Bullish]

Folkestone has broken the first DeMark resistance point ($1.10625) [Bullish]. Look for a long limit order entry near this point. Exit price for FLK should be set @$1.107 & Stoploss for Folkestone should be set at $1.102

Chaikin Money Flow /
CMF has negative divergence between price and volume

[BEARISH]: Folkestone current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.08. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.44

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