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

Freelancer
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Market conditions are indicating distribution is now confirmed for FLN
Accumulation / Distribution /
Market conditions are indicating distribution is now confirmed for FLN

FLN: ADLINE Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Limit order for a long position has been identified for Freelancer @$0)
Fibonacci Fans /
Limit order for a long position has been identified for Freelancer @$0)

Freelancer is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for FLN should be set @$2 & Stoploss for Freelancer should be set between $1.91

MACD Volume /
Freelancer: Volume MACD oscillator (-7551)

[BEARISH CROSSOVER]: Freelancer currently has negative Volume MACD of -7551. This means the signal line is less than the Volume MACD line signalling a bearish movement.

On Balance Volume /
Recent trading signals Freelancer is being distributed

[BEARISH]: Freelancer current price has highlighted recent distribution. Currently, the OBV is -913546.

Average Directional Movement /
Freelancer has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for FLN has confirmed a weak trend is presentFreelancer has an ATR(14) of 0.017, a DX of 11.84 & an ADX(14) of 9.29

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for FLN

FLN: WMA Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

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Long Black Candle /
FLN Basic Candle: Long Black

FLN: Basic Candlestick Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: NEUTRAL (3) 11 Jan: BULLISH

[Downtrend]: Price for Freelancer is currently below the displaced moving average
Detrended Price Oscillator /
[Downtrend]: Price for Freelancer is currently below the displaced moving average

[BEARISH]: Freelancer currently has a confirmed downtrend. Price is currently below the displaced moving average for FLNCurrently, the return on DPO20 is -1%.

Freelancer has broken above the 161.8% extension level ($0) [Bearish]
Fibonacci Extensions /
Freelancer has broken above the 161.8% extension level ($0) [Bearish]

Freelancer: The current Fibonacci Extension levels are: (23.61%) $0.49: (38.2%) $0.5: (50%) $0.51: (61.8%) $0.52The current support levels are: (78.6%) $0.53: (100%) $0.55: (138.2%) $0.57: (161.8%) $0.59: (261.8%) $0.66: (423.61%) $0.77

Elders Force Index /
Bearish conditions for FLN are likely to continue based on EFI (-39)

[BEARISH]: Freelancer current price has highlighted recent selling pressure. Currently, the Elders Force Index is -39.

Moving Average Envelope /
Freelancer is still oversold with the Lower Envelope Band @$0.4750

[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 0.4750.

Low Price /
Freelancer has failed to achieve a lower low of $0.48 (-2 %)

[BULLISH]: Freelancer current downtrend in the first timeframe. Currently, the Low is $0.48 (-2 %).

[Bullish]: Freelancer has beaten previous high by 1 %
High Price /
[Bullish]: Freelancer has beaten previous high by 1 %

[BULLISH]: Freelancer current uptrend in the first timeframe. Currently, the HIGH is 1 %.

[Downtrend]: Recent trading for FLN indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Downtrend]: Recent trading for FLN indicates ST trend is likely to continue

[BEARISH]: Freelancer 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 -1%.

Simple Moving Average /
FLN: Price continues to move below the SMA(5) @$0.493

FLN: SMA(5) Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

Pivot Points /
Pivot point for FLN is bearish. Stoploss should be positioned @$0.508

Freelancer has broken the first support point ($0.476) [Bearish]. Look for a short limit order entry near this point. Exit price for FLN should be set @$0.468 & short position stoploss for Freelancer should be set between $0.508 & $0.516

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

FLN: UIX Current Signal -> (1) 11 Jan: High stress (2) 11 Jan: Low stress (3) 11 Jan: High stress

Freelancer: Look for a long limit order entry @$0
Fibonacci Retracements /
Freelancer: Look for a long limit order entry @$0

Freelancer is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for FLN should be set @$2 & Stoploss for Freelancer should be set between $1.91

The TMA trend following signal is still current for Freelancer [Bearish]
Triangular Moving Average /
The TMA trend following signal is still current for Freelancer [Bearish]

[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 -1%.

Freelancer is no longer oversold [Neutral]
Williams %R /
Freelancer is no longer oversold [Neutral]

FLN: William %R Recent Trading -> (1) 11 Jan: -77.8 (2) 11 Jan: -83.3 (3) 11 Jan: -27.8

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

FLN: CRD Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: NEUTRAL (3) 11 Jan: BULLISH

Momentum /
Negative momentum for Freelancer is a leading indicator for continued price falls

[BEARISH]: Freelancer currently has negative momentum of -0.015 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -2.1%%.

Open Tod Vs Close Tod /
Freelancer: Sellers were in control all day.

[BEARISH STRONG]: Freelancer opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 25%. This suggests the sellers were in control all day. Over the last 12 months there has been 67 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 25.7%. 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 50%.

Medium Trend /
Freelancer: 2nd timeframe trend Downtrend has been confirmed

[BEARISH]: Freelancer is in an downtrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 87. The highest rally for the month is 8

Freelancer: Bull Harami
Bull Harami /
Freelancer: Bull Harami

[BULLISH]: Freelancer has formed a new Bull Harami reversal pattern.

Positive VROC confirmation for FLN is a leading indicator for continued price rise
Volume Rate of Change /
Positive VROC confirmation for FLN is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Freelancer currently has positive volume of change of 19%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1%.

Volume /
Strong volume performance from FLN has seen a higher volume of 406.2 [Uptrend]

[BULLISH]: Freelancer current volume uptrend in the first timeframe. Volume for FLN is238888 (406.2).

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