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

Forager Australian Shares
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Recent trading for Forager Australian Shares has surpassed the previous low by 0.5 %
Low Price /
Recent trading for Forager Australian Shares has surpassed the previous low by 0.5 %

FOR: LOW Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: NEUTRAL

Recent trading for Forager Australian Shares fell short of the previous close by -0.9 %
Closing Price /
Recent trading for Forager Australian Shares fell short of the previous close by -0.9 %

FOR: CLOSE Recent Trading -> (1) 22 Jun: 2.09 (2) 21 Jun: 2.11 (3) 20 Jun: 2.1

Close Tod Vs Close Yest /
Daily trading performance for FOR has initiated a short term downtrend

FOR: Recent performance signals ->(1) 22 Jun: NEUTRAL (2) 21 Jun: BULLISH (3) 20 Jun: NEUTRAL

Fibonacci Extensions /
Forager Australian Shares has moved above the 161.8% extension level ($0) [Bearish]

Forager Australian Shares has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for FOR should be set @$0 & short position stoploss for Forager Australian Shares should be set at $0

MACD Volume /
Forager Australian Shares: Volume MACD @1496 [Bullish]

[BULLISH]: Forager Australian Shares currently has positive Volume MACD of 1496. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for FOR

Forager Australian Shares Currently is a confirmed Fake Day. MFI indicator is up, volume is down for FOR. Trend continuation possible for FOR from reduced trading activity.

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Black Candle /
FOR Basic Candle: Black

FOR: Basic Candlestick Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: NEUTRAL (3) 20 Jun: NEUTRAL

Forager Australian Shares opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 50%. This suggests the sellers have lost commitment.
Open Tod Vs Close Tod /
Forager Australian Shares opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 50%. This suggests the sellers have lost commitment.

[BEARISH WEAK]: Forager Australian Shares opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 50%. This suggests the sellers have lost commitment. Over the last 12 months there has been 7 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 2.7%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 6.7%.

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

FOR: EOM Current Signal -> (1) 22 Jun: BULLISH HARD (2) 21 Jun: BEARISH HARD (3) 20 Jun: BEARISH HARD

Percentage Volume /
The current volume for FOR is gaining momentum through a rise on the short term EMA

[BULLISH]: Forager Australian Shares currently has positive PVO 13.85%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 4.2%.

Percentage Price /
Forager Australian Shares: Price Percentage Oscillator (1.365)

[BULLISH]: Forager Australian Shares currently has positive PPO 1.365%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Pivot Points /
[Short]: Limit orders for Forager Australian Shares should be set at $2.07

Forager Australian Shares has broken the first support point ($2.07) [Bearish]. Look for a short limit order entry near this point. Exit price for FOR should be set @$2.05 & short position stoploss for Forager Australian Shares should be set between $2.13 & $2.15

Forager Australian Shares has yet to break the 61.8% retracement fan level ($0) [Bullish]
Fibonacci Fans /
Forager Australian Shares has yet to break the 61.8% retracement fan level ($0) [Bullish]

Forager Australian Shares is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for FOR should be set @$63.42 & Stoploss for Forager Australian Shares should be set between $62

Forager Australian Shares: Range Performance (-20.0)
Range Tod Vs Range Yest /
Forager Australian Shares: Range Performance (-20.0)

[WEAK BEARISH]: Forager Australian Shares buyers are becoming less eager. This is the first day buyers have decreased eagerness for FOR reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0900 & the greatest daily price range this year has been $0.2900. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.3x.

Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for FOR

[BULLISH]: Forager Australian Shares current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.1. FOR received a confirmed CMF crossover days on the May 11 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.52 occurring on the May 11 2018.

Rate of Change /
Positive ROC: Price is trading higher for Forager Australian Shares than 14 days ago

[BULLISH]: Forager Australian Shares currently has positive rate of change of 1.951%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Volume Rate of Change /
Forager Australian Shares has initiated a negative volume rate of change of -18

[BEARISH CROSSOVER]: Forager Australian Shares currently has negative rate of change of -18%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.9%.

Forager Australian Shares: Confirmation of stock accumulation
On Balance Volume /
Forager Australian Shares: Confirmation of stock accumulation

[BULLISH]: Forager Australian Shares current price has highlighted recent accumulation. Currently, the OBV is 393622.

The 61.8% Fibonacci retracement level for FOR is bullish. Stoploss should be positioned @$62
Fibonacci Retracements /
The 61.8% Fibonacci retracement level for FOR is bullish. Stoploss should be positioned @$62

Forager Australian Shares is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for FOR should be set @$63.42 & Stoploss for Forager Australian Shares should be set between $62

Forager Australian Shares: Elder Ray Index is 0.015 [Bullish]
Elder Ray Index /
Forager Australian Shares: Elder Ray Index is 0.015 [Bullish]

[BULLISH]: Forager Australian Shares Elder Ray Index is signalling a Bullish movementERI is 0.015 indicating bull power. Prices are being driven above the consensus of value for FOR during the last trading session [Buying Pressure]

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Forager Australian Shares

FOR: Stochastic Oscillator Signal -> (1) 22 Jun: BEARISH CROSSUNDER (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Price Range /
Recent trading for FOR has failed to beat the previous range ($0.04) [Downtrend]

FOR: Price Range Recent Trading -> (1) 22 Jun: 0.04 (2) 21 Jun: 0.05 (3) 20 Jun: 0.01

Elders Force Index /
Bearish conditions for FOR have commenced based on EFI (-39)

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

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

[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 2.1735.

The EMA trend following signal is now active for Forager Australian Shares [Bearish]
Exponential Moving Average /
The EMA trend following signal is now active for Forager Australian Shares [Bearish]

[BEARISH]: Forager Australian Shares currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.9%.

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

[BEARISH]: Forager Australian Shares 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 -0.9%.

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

FOR: UIX Current Signal -> (1) 22 Jun: Low stress (2) 21 Jun: Low stress (3) 20 Jun: Low stress

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