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

Forager Australian Shares
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Momentum(5) is increasing for Forager Australian Shares
Momentum /
Momentum(5) is increasing for Forager Australian Shares

[BULLISH]: Forager Australian Shares currently has positive momentum of 0.0100. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.0000%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 1%%.

Forager Australian Shares: Elder Ray Index is -0.0200 [Bearish]
Elder Ray Index /
Forager Australian Shares: Elder Ray Index is -0.0200 [Bearish]

[BEARISH]: Forager Australian SharesElder Ray Index is signalling a Bearish movementERI is -0.0200 indicating bear power. Prices are being driven below the consensus of value for FOR during the last trading session [Selling Pressure]

Average True Range /
Forager Australian Shares has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Forager Australian Shares has a TR of 0.0050, and an ATR(14) of 0.0240.

Rate of Change /
Forager Australian Shares: Rate of change (-4.9500)

[BEARISH]: Forager Australian Shares currently has negative rate of change of -5.0000%. 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

Ulcer Index /
Ulcer index has fallen as the price rises for Forager Australian Shares

[BEARISH]: Forager Australian Shares UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.9280.

Range Tod Vs Range Yest /
Sellers are now less eager for Forager Australian Shares given the price range is contracting

FOR: Range today versus range yesterday Current Signal ->(1) 23 Apr: BEARISH (2) 20 Apr: BULLISH (3) 19 Apr: BEARISH

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

[BEARISH]: Forager Australian Shares has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Apr 9 2018.

OBV: Distribution still active for Forager Australian Shares
On Balance Volume /
OBV: Distribution still active for Forager Australian Shares

[BEARISH]: Forager Australian Shares current price has highlighted recent distribution. Currently, the OBV is -329358.0000.

Price continues to trade below the Simple Moving Average(5) for FOR
Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for FOR

[BULLISH]: Forager Australian Shares currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.0%.

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Forager Australian Shares

[BEARISH]: Forager Australian Shares current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 2.0685.

Accumulation / Distribution /
Forager Australian Shares is being actively distributed

[BEARISH]: Forager Australian Shares current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -159496.0000. day.

Average Directional Movement /
Forager Australian Shares: ADX(31.9400) has signalled a strong trend is current

[Trend]: ADX for FOR has confirmed a strong trend is presentForager Australian Shares has an ATR(14) of 0.0240, a DX of 47.4600 & an ADX(14) of 31.9400

Forager Australian Shares: Over the last month there has been 6 trading days giving a confirmation ratio of 37.5%.
Open Tod Vs Close Tod /
Forager Australian Shares: Over the last month there has been 6 trading days giving a confirmation ratio of 37.5%.

[BEARISH STRONG]: Forager Australian Shares opened in the upper part of daily range at 100.000000000000000% & closed in the lower part of the trading range at 0.000000000000000%. This suggests the sellers were in control all day. Over the last 12 months there has been 55 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 20.9%. Over the last month there has been 6 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 37.5%.

[Bearish]: Continued selling pressure for Forager Australian Shares has been confirmed
Elders Force Index /
[Bearish]: Continued selling pressure for Forager Australian Shares has been confirmed

FOR: Elders Force Index Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH CROSSOVER

Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-28.0000) for Forager Australian Shares

[BEARISH]: Forager Australian Shares has a current ARU(25) of 44.0000 and a current ARD(25) of 72.0000

MACD /
MACD for Forager Australian Shares continues to lose momentum @-0.0040

[BEARISH]: Forager Australian Shares currently has negative MACD of -0.0040. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.6%.

High Price /
Recent trading for FOR has failed to beaten the previous high by -0.8 % [Downtrend]

[BEARISH]: Forager Australian Shares current downtrend in the first timeframe. Currently, the HIGH is -0.8 %.

Forager Australian Shares has broken above the 161.8% extension level ($1.2200) [Bearish]
Fibonacci Extensions /
Forager Australian Shares has broken above the 161.8% extension level ($1.2200) [Bearish]

Forager Australian Shares has moved above the 161.8% level ($1.2200) [Bearish]. Look for a short limit order entry near this point. Exit price for FOR should be set @$1.1500 & short position stoploss for Forager Australian Shares should be set at $1.2900

Forager Australian Shares: Look for a long limit order entry @$1.9213
Demarks Pivot Points /
Forager Australian Shares: Look for a long limit order entry @$1.9213

Forager Australian Shares has broken the first DeMark resistance point ($1.9213) [Bullish]. Look for a long limit order entry near this point. Exit price for FOR should be set @$1.9230 & Stoploss for Forager Australian Shares should be set at $1.9180

The WMA trend following signal is still current for Forager Australian Shares [Bearish]
Weighted Moving Average /
The WMA trend following signal is still current for Forager Australian Shares [Bearish]

[BEARISH]: Forager Australian Shares 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 0.0%.

Daily Volume Index /
Forager Australian Shares: Current trading activity signals DVI distribution is present

[BEARISH]: Forager Australian Shares current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -19.0000.

Price Range /
Range for FOR has not surpassed the range of the previous trading session

FOR: Price Range Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BULLISH (3) 19 Apr: BEARISH

Closing Price /
Forager Australian Shares: Daily performance is 0.0 % [Uptrend]

FOR: CLOSE Current Signal -> (1) 23 Apr: NEUTRAL (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH

MACD Volume /
Forager Australian Shares: Volume MACD oscillator (-1833.0000)

[BEARISH]: Forager Australian Shares currently has negative Volume MACD of -1833.0000. This means the signal line is less than the Volume MACD line signalling a bearish movement.

[Bullish]: Opening performance for FOR of -0.8 % was achieved in last trading session
Opening Price /
[Bullish]: Opening performance for FOR of -0.8 % was achieved in last trading session

[BULLISH]: Forager Australian Shares opening price has gapped up. Currently, the OPEN is $1.9250 (-0.8 %).

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

[BEARISH]: Forager Australian Shares 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 0.0%.

Ease of Movement /
Forager Australian Shares was difficult to move downward due to high volume in recent trading [Bearish]

FOR: EOM Recent Trading -> (1) 23 Apr: -0.1500 (2) 20 Apr: -0.2590 (3) 19 Apr: 0.2450

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