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

Fairfax
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Fairfax: Daily performance is -1.4 % [Downtrend]
Closing Price /
Fairfax: Daily performance is -1.4 % [Downtrend]

[BEARISH]: Fairfax current downtrend in the first timeframe. Currently, the Close is $0.73.

Fairfax has broken the first DeMark resistance point ($0.7325) [Bullish]
Demarks Pivot Points /
Fairfax has broken the first DeMark resistance point ($0.7325) [Bullish]

Fairfax has broken the first DeMark resistance point ($0.7325) [Bullish]. Look for a long limit order entry near this point. Exit price for FXJ should be set @$0.74 & Stoploss for Fairfax should be set at $0.715

Long Black Candle /
FXJ Basic Candle: Long Black

[BEARISH]: Fairfax has formed a Long Black candlestick. This means, FXJ has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Bill Williams Market Facilitation /
[Green Day]: Both MFI & volume are up for Fairfax

Fairfax Currently is a confirmed Green Day. Both MFI & volume are down for FXJ. Trend continuation likely for FXJ from increased trading activity.

Volume /
Recent trading for Fairfax has surpassed the previous volume by 148.9

[BULLISH]: Fairfax current volume uptrend in the first timeframe. Volume for FXJ is 4.88766e+006 (148.9).

Sine Weighted Moving Average /
[Downtrend]: Recent trading for FXJ confirms bearish SWMA(5) signal

[BEARISH]: Fairfax 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 -1.4%.

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MACD Volume /
Fairfax: Volume MACD oscillator (-220840)

[BEARISH]: Fairfax currently has negative Volume MACD of -220840. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Fairfax currently has positive rate of change for 0.69
Rate of Change /
Fairfax currently has positive rate of change for 0.69

[BULLISH]: Fairfax currently has positive rate of change of 0.69%. 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

Bearish conditions for FXJ are likely to continue based on EFI (-4878)
Elders Force Index /
Bearish conditions for FXJ are likely to continue based on EFI (-4878)

[BEARISH]: Fairfax current price has highlighted recent selling pressure. Currently, the Elders Force Index is -4878.

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

FXJ: EMA(5) Current Signal -> (1) 19 Jun: BEARISH CROSSOVER (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Close Tod Vs Range Tod /
FXJ: Over the last month there has been 1 trading day with the closing price in the lower range giving a confirmation ratio of 8.3%.

FXJ: Close versus price range Current Signal ->(1) 19 Jun: BEARISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Williams %R /
FXJ: William %R has traded below the overbought limit @-28.6

FXJ: William %R Current Signal -> (1) 19 Jun: BULLISH CROSSUNDER (2) 18 Jun: BEARISH (3) 15 Jun: BEARISH CROSSOVER

Closing price for Fairfax has seen sellers win the daily battle for performance @ -1.4%
Close Tod Vs Close Yest /
Closing price for Fairfax has seen sellers win the daily battle for performance @ -1.4%

FXJ: Recent Performance ->(1) 19 Jun: -1.4% (2) 18 Jun: 1.4% (3) 15 Jun: 0.0%

Volatile price performance from FXJ has seen a range of 0.025 [Uptrend]
Price Range /
Volatile price performance from FXJ has seen a range of 0.025 [Uptrend]

[BULLISH]: Fairfax current uptrend in the first timeframe. Currently, the Range is $0.025.

Percentage Volume /
Fairfax: Percentage Volume Oscillator (-5.18)

[BEARISH]: Fairfax currently has negative PVO -5.18%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.4%.

Woodie Pivot Point /
Fairfax has broken the first Woodie resistance point ($0.743) [Bullish]

Fairfax has broken the first Woodie resistance point ($0.743) [Bullish]. Look for a long limit order entry near this point. Exit price for FXJ should be set @$0.759 & Stoploss for Fairfax should be set at $0.709

High Price /
Strong price performance from FXJ has seen a higher high of 1.4 % [Uptrend]

[BULLISH]: Fairfax current uptrend in the first timeframe. Currently, the HIGH is 1.4 %.

[Bearish]: SMA(5) is serving as a resistance line for Fairfax
Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Fairfax

FXJ: SMA(5) Current Signal -> (1) 19 Jun: BEARISH CROSSOVER (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

[Long]: Entry price for FXJ should be set @$0.745
Pivot Points /
[Long]: Entry price for FXJ should be set @$0.745

Fairfax has broken the first resistance point ($0.745) [Bullish]. Look for a long limit order entry near this point. Exit price for FXJ should be set @$0.76 & Stoploss for Fairfax should be set between $0.71 & $0.695

low for FXJ has not surpassed the low of the previous trading session
Low Price /
low for FXJ has not surpassed the low of the previous trading session

[BULLISH]: Fairfax current downtrend in the first timeframe. Currently, the Low is $0.725 (-0.7 %).

Momentum /
Positive momentum for FXJ is a leading indicator for continued price rise

FXJ: MOM Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Aroon Oscillator /
Fairfax: ARO(-52) has signalled and strong downtrend is current

[BEARISH]: Fairfax has a current ARU(25) of 4 and a current ARD(25) of 56

Detrended Price Oscillator /
DPO for FXJ has confirmed price is currently below the displaced moving average

FXJ: DPO Recent Trading -> (1) 19 Jun: -0.0133 (2) 18 Jun: -0.0065 (3) 15 Jun: -0.0188

Fibonacci Extensions /
Limit order for a long position has been identified for Fairfax @$4.74

Fairfax has moved below the 161.8% level ($4.74) [Bullish]. Look for a long limit order entry near this point. Exit price for FXJ should be set @$5.84 & Stoploss for Fairfax should be set at $3.64

Fairfax: On Balance Volume (2.41733e+007)
On Balance Volume /
Fairfax: On Balance Volume (2.41733e+007)

[BULLISH]: Fairfax current price has highlighted recent accumulation. Currently, the OBV is 2.41733e+007.

Envelope bands Oversold signal is still current for Fairfax [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Fairfax [Bullish]

[BULLISH]: Fairfax current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.703.

Daily Volume Index /
Fairfax: Current trading activity signals DVI accumulation is present

[BULLISH]: Fairfax current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 9448.

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