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

Fairfax
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Limit order for a short position has been identified for Fairfax [Bearish]
Pivot Points /
Limit order for a short position has been identified for Fairfax [Bearish]

Fairfax has broken the first support point ($0.759) [Bearish]. Look for a short limit order entry near this point. Exit price for FXJ should be set @$0.752 & short position stoploss for Fairfax should be set between $0.782 & $0.789

Negative VROC for Fairfax is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC for Fairfax is a leading indicator for continued price fall

[BEARISH]: Fairfax currently has negative rate of change of -20%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.6%.

Elder Ray Index /
Fairfax: Elder Ray Index is 0.003 [Bullish]

[BULLISH]: FairfaxElder Ray Index is signalling a Bullish movementERI is 0.003 indicating bull power. Prices are being driven above the consensus of value for FXJ during the last trading session [Buying Pressure]

Ease of Movement /
Fairfax: Ease of Movement(-0.003)

FXJ: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BULLISH HARD (3) 11 Jan: NEUTRAL

Woodie Pivot Point /
Limit order for a short position has been identified for Fairfax [Bearish]

Fairfax has broken the first Woodie support point ($0.757) [Bearish]. Look for a short limit order entry near this point. Exit price for FXJ should be set @$0.751 & short position stoploss for Fairfax should be set at $0.781

MACD /
Fairfax: MACD oscillator (0.002000)

[BULLISH CROSSOVER]: Fairfax currently has positive MACD of 0.002000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -1.2%.

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

[BULLISH]: Fairfax current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.08. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.17

Trend continuation possible for FXJ from reduced trading activity
Bill Williams Market Facilitation /
Trend continuation possible for FXJ from reduced trading activity

Fairfax Currently is a confirmed Fake Day. MFI indicator is up, volume is down for FXJ. Trend continuation possible for FXJ from reduced trading activity.

The current price is now losing momentum through a fall for FXJ on the short term EMA.
Percentage Price /
The current price is now losing momentum through a fall for FXJ on the short term EMA.

[BEARISH CROSSOVER]: Fairfax currently has negative PPO -0.900%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Rate of Change /
14-day rate of change is decreasing for Fairfax

[BEARISH]: Fairfax currently has negative rate of change of -1.9%. 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

Exponential Moving Average /
FXJ: Price continues to move below the EMA(5) @$0.771686

[BEARISH]: Fairfax 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 -0.6%.

On Balance Volume /
Market conditions are indicating OBV accumulation is current for FXJ

[BULLISH]: Fairfax current price has highlighted recent accumulation. Currently, the OBV is 5.91954e+007.

Daily bar has confirmed has confirmed an Aroon uptrend is intact for FXJ
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for FXJ

[BULLISH]: Fairfax has a current ARO(25) of 40. This has change -4 points from yesterday.

Price is now trading below the Simple Moving Average(5) for FXJ
Simple Moving Average /
Price is now trading below the Simple Moving Average(5) for FXJ

[BULLISH]: Fairfax 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 -0.6%.

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.

Price Range /
Volatile price performance from FXJ has seen a range of 0.015 [Uptrend]

[BULLISH]: Fairfax current uptrend in the first timeframe. Currently, the Range is $0.015.

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

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

Fairfax: Daily volume is 4.44378e+006 (-13.4)
Volume /
Fairfax: Daily volume is 4.44378e+006 (-13.4)

[BEARISH]: Fairfax current volume downtrend in the first timeframe. Volume for FXJ is4.44378e+006 (-13.4).

Fairfax: Daily closing price is $0.765 [Bearish]
Closing Price /
Fairfax: Daily closing price is $0.765 [Bearish]

[BEARISH]: Fairfax current downtrend in the first timeframe. Currently, the Close is $0.765.

Fairfax: Detrended Price Oscillator(20) is 0.0255
Detrended Price Oscillator /
Fairfax: Detrended Price Oscillator(20) is 0.0255

[BULLISH]: Fairfax currently has a confirmed uptrend. Price is currently above the displaced moving average for FXJCurrently, the return on DPO20 is -0.6%.

Elders Force Index /
Fairfax: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Fairfax current price has highlighted recent buying pressure. Currently, the Elders Force Index is 6883.

Range Tod Vs Range Yest /
Fairfax: Range Performance (50)

FXJ: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Percentage Volume /
Fairfax: Percentage Volume Oscillator (-20.6)

[BEARISH]: Fairfax currently has negative PVO -20.6%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.2%.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for FXJ has moved to the upper limit. Stoploss should be positioned @$0

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

Stochastic Oversold signal is still current for Fairfax [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for Fairfax [Bullish]

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

[Short]: Exit price for FXJ should be set @$0.637
Camarilla Pivot Points /
[Short]: Exit price for FXJ should be set @$0.637

Fairfax has broken the first Camarilla support point ($0.701) [Bearish]. Look for a short limit order entry near this point. Exit price for FXJ should be set @$0.637 & short position stoploss for Fairfax should be set between $0.893 & $0.957

Moving Average Envelope /
Oversold signal continues for Fairfax indicating upward price movement is likely

[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 0.7220.

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