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

Flexigroup
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Flexigroup is in a short term uptrend with the closing price @$2.17
Weighted Moving Average /
Flexigroup is in a short term uptrend with the closing price @$2.17

[BULLISH]: Flexigroup currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 1.9%.

Price was difficult to move downward in recent trading on high volume causing an downtrend in price for FXL
Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for FXL

FXL: EOM Current Signal -> (1) 21 May: BEARISH HARD (2) 18 May: BULLISH HARD (3) 21 May: BEARISH HARD

Commodity Channel Index /
Price extreme for CCI confirms signal reversal for Flexigroup

[BEARISH CROSSOVER]: Flexigroup current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 105. During the quarter, the highest CCI value was 248. The last overbought signal occurred on May 18 2018

Rate of Change /
Flexigroup currently has positive rate of change for 5.34

[BULLISH]: Flexigroup currently has positive rate of change of 5.34%. 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

Average Directional Movement /
FXL: Average Directional Index has confirmed a strong trend @30.23

FXL: Average Directional Index Recent Trading -> (1) 21 May: 30.23 (2) 18 May: 29.46 (3) 21 May: 35.81

Average True Range /
Average True Range for Flexigroup has signalled an downtrend is active

[Bearish]: Average True Range has confirmed an downtrend is present. Flexigroup has a TR of 0.04, and an ATR(14) of 0.062.

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Williams %R /
Flexigroup is now overbought with the William %R @-8.9

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

Ulcer index has fallen as the price rises for Flexigroup
Ulcer Index /
Ulcer index has fallen as the price rises for Flexigroup

[BEARISH]: Flexigroup UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.949.

Closing price for Flexigroup has seen buyers win the daily battle for performance @ 1.9%
Close Tod Vs Close Yest /
Closing price for Flexigroup has seen buyers win the daily battle for performance @ 1.9%

[BULLISH]: Flexigroupbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for FXL adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.3 & the greatest daily positive change this year has been 7.0. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 19.7%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 11.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 2.500000%

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Flexigroup indicating upward price movement is likely

[BULLISH]: Flexigroup currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.9%.

Daily Volume Index /
Traders are currently accumulating Flexigroup

[BULLISH]: Flexigroup current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 9068.

Chaikin Money Flow /
CMF highlights continued positive divergence for Flexigroup

FXL: Chaikin Oscillator Recent Trading -> (1) 21 May: 0.53 (2) 18 May: 0.48 (3) 21 May: 0.13

Long positions for Flexigroup should be set between $2.16 & $2.19
Woodie Pivot Point /
Long positions for Flexigroup should be set between $2.16 & $2.19

Flexigroup has broken the first Woodie resistance point ($2.19) [Bullish]. Look for a long limit order entry near this point. Exit price for FXL should be set @$2.2 & Stoploss for Flexigroup should be set at $2.12

Volume is still above the short term EMA for FXL [Bullish]
Percentage Volume /
Volume is still above the short term EMA for FXL [Bullish]

[BULLISH]: Flexigroup currently has positive PVO 5.99%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 9.9%.

On Balance Volume /
OBV: Accumulation still active for Flexigroup

FXL: OBV Current Signal ->(1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

Demarks Pivot Points /
Flexigroup has moved above the R1 DeMark pivot point ($2.16) [Bullish]

Flexigroup has broken the first DeMark resistance point ($2.1600) [Bullish]. Look for a long limit order entry near this point. Exit price for FXL should be set @$2.19 & Stoploss for Flexigroup should be set at $2.15

Medium Trend /
Daily bar has maintained 2nd timeframe Uptrend for FXL

[BULLISH]: Flexigroup is in an uptrend in the medium term timeframe. The current rally number is 126 & the highest rally count for the LTM is 126. The highest rally for the month is 15

Flexigroup: Daily price range is 0.04 [Downtrend]
Price Range /
Flexigroup: Daily price range is 0.04 [Downtrend]

[BEARISH]: Flexigroup current downtrend in the first timeframe. Currently, the Range is $0.04.

PPO: The shorter moving average for FXL is still above the longer term moving average
Percentage Price /
PPO: The shorter moving average for FXL is still above the longer term moving average

[BULLISH]: Flexigroup currently has positive PPO 4.268%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Pivot point for FXL is bullish. Stoploss should be positioned @$2.117
Pivot Points /
Pivot point for FXL is bullish. Stoploss should be positioned @$2.117

Flexigroup current pivot point is: 2.157. The current resistance levels are: (R1) $2.184: (R2) $2.197: (R3) $2.224: The current support levels are: (S1) $2.144: (S2) $2.117: (S3) $2.104

Moving Average Envelope /
Closing price for FXL is still above the upper envelope signalling a bearish movement

[BEARISH]: Flexigroup current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 2.1.

Fibonacci Extensions /
[Long]: Limit orders for Flexigroup should be set at $48.02

Flexigroup has moved below the 161.8% level ($48.02) [Bullish]. Look for a long limit order entry near this point. Exit price for FXL should be set @$58.01 & Stoploss for Flexigroup should be set at $38.03

Elders Force Index /
Price & volume confirms continued buying pressure for Flexigroup is likely

FXL: Elders Force Index Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

Stochastic Oscillator /
Overbought signal for the Stochastic Oscillator is still current for Flexigroup

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

Positive momentum on the MACD histogram for FXL is maintained & supports a bullish move is likely
MACD /
Positive momentum on the MACD histogram for FXL is maintained & supports a bullish move is likely

[BULLISH]: Flexigroup currently has positive MACD of 0.0036. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 16.9%.

Trading for Flexigroup highlights the commitment of buyers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Flexigroup highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Flexigroup buyers are in control at the market close. This is the first day of buyer commitment for Flexigroup adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 104 trading days with the closing price in the upper part of the range giving a confirmation ratio of 39.5%. Over the last month there has been 9 trading days with the closing price in the upper range giving a confirmation ratio of 60%. Currently this quarter, closing price has spent 15 days in the upper price range compared to 7 days in the lower range giving a ratio of 2.1x.

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

[BULLISH]: Flexigroup currently has positive momentum of 0.04. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.9%. The largest upward momentum rally for the last 3 months is 9 days producing a return of 15.3%.

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