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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FOR: Current trading activity signals DVI accumulation has commenced
Daily Volume Index /
FOR: Current trading activity signals DVI accumulation has commenced

[BULLISH CROSSOVER]: Forager Australian Shares current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

[Bearish]: Forager Australian Shares has failed to beat the previous volume by -98.5
Volume /
[Bearish]: Forager Australian Shares has failed to beat the previous volume by -98.5

[BEARISH]: Forager Australian Shares current volume downtrend in the first timeframe. Volume for FOR is750 (-98.5).

Pivot Points /
Pivot point for FOR is bearish. Stoploss should be positioned @$2.03

Forager Australian Shares has broken the first support point ($2.03) [Bearish]. Look for a short limit order entry near this point. Exit price for FOR should be set @$2.03 & short position stoploss for Forager Australian Shares should be set between $2.03 & $2.03

Medium Trend /
FOR: Medium term trend has confirmed an Downtrend

[BEARISH]: Forager Australian Shares is in an downtrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 24. The highest rally for the month is 8

Williams %R /
Initiation of oversold signal for Forager Australian Shares

[BEARISH]: Forager Australian Shares is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for FOR

[BEARISH]: Forager Australian SharesElder Ray Index is signalling a Bearish movementERI is -0.017 indicating bear power. Prices are being driven below the consensus of value for FOR during the last trading session [Selling Pressure]

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Elders Force Index /
Bearish conditions for FOR are likely to continue based on EFI (-18)

[BEARISH]: Forager Australian Shares current price has highlighted recent selling pressure. Currently, the Elders Force Index is -18.

Closing price for FOR ($2.03) signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Closing price for FOR ($2.03) signals sellers are now keener than buyers

[BEARISH]: Forager Australian Sharessellers are keener than buyers and are driving the price down. This is the first day of price decline for FOR adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1 & the greatest daily negative change this year has been -1. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -5.7%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.8%

CMF signal weak & within zero line tolerance for FOR
Chaikin Money Flow /
CMF signal weak & within zero line tolerance for FOR

FOR: Chaikin Oscillator Recent Trading -> (1) 11 Jan: 0.02 (2) 11 Jan: -0.06 (3) 11 Jan: 0.22

Momentum /
Negative momentum confirmation for Forager Australian Shares is a leading indicator for continued price falls

FOR: MOM Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Exponential Moving Average /
[Downtrend]: Recent trading for FOR confirms bearish EMA(5) signal

[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 -1%.

Ulcer Index /
Ulcer index has reduced in stress level for FOR & low drawdown is expected

[BEARISH]: Forager Australian Shares UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.049.

Forager Australian Shares: Average True Range (0.017) has confirmed an downtrend is present
Average True Range /
Forager Australian Shares: Average True Range (0.017) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Forager Australian Shares has a TR of 0.02, and an ATR(14) of 0.017.

Volume rate of change is now building for Forager Australian Shares signalling a short term downtrend is likely
Volume Rate of Change /
Volume rate of change is now building for Forager Australian Shares signalling a short term downtrend is likely

FOR: VROC Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Moving Average Envelope /
Envelope bands Oversold signal is still current for Forager Australian Shares [Bullish]

[BULLISH]: Forager Australian Shares current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.9475.

Opening Price /
Forager Australian Shares: Daily opening price is $2.03

[BEARISH]: Forager Australian Shares opening price has gapped down. Currently, the OPEN is $2.03 (-0.5 %).

Low Price /
[Bullish]: Forager Australian Shares has beaten previous low by 0 %

FOR: LOW Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: NEUTRAL (3) 09 Jan: NEUTRAL

Lower Bollinger Band oversold signal had been initiated for Forager Australian Shares
Bollinger Bands /
Lower Bollinger Band oversold signal had been initiated for Forager Australian Shares

[BULLISH CROSSOVER]: Forager Australian Shares has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is 7.61% with a current width of 2.47.

Forager Australian Shares has moved below the S1 Camarilla pivot point ($1.861) [Bearish]
Camarilla Pivot Points /
Forager Australian Shares has moved below the S1 Camarilla pivot point ($1.861) [Bearish]

Forager Australian Shares has broken the first Camarilla support point ($1.861) [Bearish]. Look for a short limit order entry near this point. Exit price for FOR should be set @$1.692 & short position stoploss for Forager Australian Shares should be set between $2.368 & $2.537

FOR: Aroon oscillator has confirmed an uptrend @24
Aroon Oscillator /
FOR: Aroon oscillator has confirmed an uptrend @24

[BULLISH]: Forager Australian Shares has a current ARU(25) of 64 and a current ARD(25) of 40

Range Tod Vs Range Yest /
Sellers have decreased eagerness for FOR reducing strength of a continued downtrend in the first timeframe.

[WEAK BULLISH]: Forager Australian Sharessellers are becoming less eager. There has been 2 consecutive days of range increase for FOR reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.03 & the greatest daily price range this year has been $0.03. 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 1x.

MACD Volume /
[Bullish]: Forager Australian Shares currently has positive Volume MACD histogram 2367

[BULLISH]: Forager Australian Shares currently has positive Volume MACD of 2367. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Accumulation / Distribution /
Forager Australian Shares: Current trading activity signals distribution is present

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

Rate of Change /
Negative ROC confirmation for FOR is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Forager Australian Shares currently has negative rate of change of -0.5%. 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

[Bearish]: WMA(30) is serving as a resistance line for Forager Australian Shares
Weighted Moving Average /
[Bearish]: WMA(30) is serving as a resistance line for Forager Australian Shares

[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 -1%.

Stochastic Oscillator for FOR has crossed below the oversold limit triggering a bullish crossover signal
Stochastic Oscillator /
Stochastic Oscillator for FOR has crossed below the oversold limit triggering a bullish crossover signal

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

Average Directional Movement /
[Weak Trend]: Average Directional Index @17.9 has confirmed a weak trend for FOR

[Weak Trend]: ADX for FOR has confirmed a weak trend is presentForager Australian Shares has an ATR(14) of 0.017, a DX of 17.08 & an ADX(14) of 17.9

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