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

Freelancer
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Freelancer: Sine Weighted Moving Average(5) (0.433)
Sine Weighted Moving Average /
Freelancer: Sine Weighted Moving Average(5) (0.433)

[BULLISH]: Freelancer 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 0.0%.

This is the first day of seller commitment for Freelancer adding strength to an downtrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of seller commitment for Freelancer adding strength to an downtrend in the first timeframe

[BEARISH]: Freelancer sellers in control. This is the first day of seller commitment for Freelancer 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 121 trading days with the closing price in the lower part of the range giving a confirmation ratio of 46%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 27 days in the lower price range compared to 13 days in the upper range giving a ratio of 2.1x.

Bill Williams Market Facilitation /
Trend continuation possible for FLN from reduced trading activity

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

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

[BULLISH]: Freelancer current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.418.

Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for FLN

[BEARISH]: Freelancer currently has negative PPO -0.725%. This means the current price is losing momentum through a fall on the short term exponential moving average.

MACD /
Negative momentum on the MACD histogram for FLN is maintained & supports a bearish move is likely

FLN: MACD Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH CROSSOVER (3) 19 Jun: BEARISH CROSSOVER

[Long]: Entry price for FLN should be set @$0.437
Woodie Pivot Point /
[Long]: Entry price for FLN should be set @$0.437

Freelancer has broken the first Woodie resistance point ($0.437) [Bullish]. Look for a long limit order entry near this point. Exit price for FLN should be set @$0.441 & Stoploss for Freelancer should be set at $0.431

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Demarks Pivot Points /
Long positions for Freelancer should be set between $0.4363 & $0.438

Freelancer has broken the first DeMark resistance point ($0.4363) [Bullish]. Look for a long limit order entry near this point. Exit price for FLN should be set @$0.438 & Stoploss for Freelancer should be set at $0.433

Price is currently below the displaced moving average for FLN [Bearish]
Detrended Price Oscillator /
Price is currently below the displaced moving average for FLN [Bearish]

[BEARISH]: Freelancer currently has a confirmed downtrend. Price is currently below the displaced moving average for FLN. Currently, the return on DPO20 is 0.0%.

Stochastic Oversold signal is still current for Freelancer [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for Freelancer [Bullish]

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

Elder Ray Index /
[Bear Power]: ERI has increased for Freelancer during the last trading session

[BEARISH]: Freelancer Elder Ray Index is signalling a Bearish movementERI is -0.005 indicating bear power. Prices are being driven below the consensus of value for FLN during the last trading session [Selling Pressure]

Daily Volume Index /
Freelancer is being actively distributed based on DVI

[BEARISH]: Freelancer current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -787.

Elders Force Index /
Freelancer: Direction, extent & volume have decreased in recent trading [Selling Pressure]

FLN: Elders Force Index Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

[Long]: Entry price for FLN should be set @$2.48
Fibonacci Extensions /
[Long]: Entry price for FLN should be set @$2.48

Freelancer has moved below the 161.8% level ($2.48) [Bullish]. Look for a long limit order entry near this point. Exit price for FLN should be set @$2.64 & Stoploss for Freelancer should be set at $2.32

[Long]: Exit price for FLN should be set @$0.442
Pivot Points /
[Long]: Exit price for FLN should be set @$0.442

Freelancer current pivot point is: 0.437. The current resistance levels are: (R1) $0.439: (R2) $0.442: (R3) $0.444: The current support levels are: (S1) $0.434: (S2) $0.432: (S3) $0.429

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for FLN

FLN: EOM Current Signal -> (1) 21 Jun: BULLISH HARD (2) 20 Jun: BEARISH HARD (3) 19 Jun: BULLISH HARD

Momentum /
Momentum(5) is decreasing for Freelancer

FLN: MOM Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

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

[BEARISH]: Freelancer current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.18. FLN received a confirmed CMF crossover days on the Mar 27 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.65 occurring on the Mar 27 2018.

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

[BEARISH]: Freelancer UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.472.

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

FLN: LOW Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: NEUTRAL (3) 19 Jun: NEUTRAL

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

FLN: William %R Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH CROSSOVER (3) 19 Jun: NEUTRAL

Weighted Moving Average /
Freelancer: Weighted Moving Average(5) (0.434)

FLN: WMA Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

Percentage Volume /
FLN: Percentage Volume Oscillator [Bearish Crossover]

[BEARISH CROSSOVER]: Freelancer currently has negative PVO -3.89%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Triangular Moving Average /
FLN: Price continues to move below the TMA(5) @$0.442

[BEARISH]: Freelancer 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 0.0%.

On Balance Volume /
Freelancer: Current trading activity OBV signals distribution is present

[BEARISH]: Freelancer current price has highlighted recent distribution. Currently, the OBV is -194395.

FLN: Aroon oscillator has confirmed an strong uptrend @68
Aroon Oscillator /
FLN: Aroon oscillator has confirmed an strong uptrend @68

[BULLISH]: Freelancer has a current ARO(25) of 68. This has change 0 points from yesterday.

FLN: Short term trend has confirmed a rally day
Coles Reaction Day /
FLN: Short term trend has confirmed a rally day

Freelancer: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for FLN

Volume Rate of Change /
14-day volume rate of change is now decreasing for Freelancer

[BEARISH CROSSOVER]: Freelancer currently has negative rate of change of -65%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

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