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

Highfield Resources
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Highfield Resources: Detrended Price Oscillator(20) (-0.055)
Detrended Price Oscillator /
Highfield Resources: Detrended Price Oscillator(20) (-0.055)

[BEARISH]: Highfield Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for HFR. Currently, the return on DPO20 is -3.9%.

HFR Basic Candle: Short Black
Short Black Candle /
HFR Basic Candle: Short Black

HFR: Basic Candlestick Current Signal -> (1) 19 Jun: BEARISH WEAK (2) 18 Jun: BULLISH (3) 15 Jun: BEARISH

Close Tod Vs Range Tod /
Daily trading for HFR indicated sellers are now in control

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

Weighted Moving Average /
Price continues to trade above the Weighted Moving Average(5) for HFR

[BULLISH]: Highfield Resources 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 -3.9%.

Hook Reversal /
A short term Hook Reversal has formed with Highfield Resources

[BEARISH]: A short term Hook Reversal has formed with Highfield Resources which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 6 occurrences of this bar reversal giving a signal probability of 2.3%.

Accumulation / Distribution /
Traders are currently Distributing Highfield Resources

[BEARISH]: Highfield Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.17231e+006.

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Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Highfield Resources indicating upward price movement is likely

[BULLISH]: Highfield Resources 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 -3.9%.

Lower envelope oversold signal had been maintained for Highfield Resources
Moving Average Envelope /
Lower envelope oversold signal had been maintained for Highfield Resources

[BEARISH]: Highfield Resources current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 0.8085.

Recent trading for Highfield Resources fell short of the previous close by -3.9 %
Closing Price /
Recent trading for Highfield Resources fell short of the previous close by -3.9 %

HFR: CLOSE Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: BULLISH (3) 15 Jun: BEARISH

Medium Trend /
Second timeframe trend of Highfield Resources remains as an Downtrend

[BEARISH]: Highfield Resources has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jun 13 2018.

Elders Force Index /
Bearish conditions for HFR are likely to continue based on EFI (-660)

HFR: Elders Force Index Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: BEARISH (3) 15 Jun: BEARISH

MACD Volume /
Volume MACD for Highfield Resources continues to gain momentum @14366

HFR: Volume MACD Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BULLISH CROSSOVER

Rate of change(14) is now decreasing for Highfield Resources
Rate of Change /
Rate of change(14) is now decreasing for Highfield Resources

[BEARISH CROSSOVER]: Highfield Resources currently has negative rate of change of -1.974%. 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

HFR: Average Directional Index has confirmed a weak trend @13.25
Average Directional Movement /
HFR: Average Directional Index has confirmed a weak trend @13.25

[Weak Trend]: ADX for HFR has confirmed a weak trend is present. Highfield Resources has an ATR(14) of 0.034, a DX of 12.55 & an ADX(14) of 13.25

Demarks Pivot Points /
Highfield Resources has moved above the R1 DeMark pivot point ($0.7513) [Bullish]

Highfield Resources has broken the first DeMark resistance point ($0.7513) [Bullish]. Look for a long limit order entry near this point. Exit price for HFR should be set @$0.763 & Stoploss for Highfield Resources should be set at $0.723

Daily Volume Index /
DVI: Distribution still active for Highfield Resources

[BEARISH]: Highfield Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -720.

Simple Moving Average /
Simple Moving Average(5) signal continues for Highfield Resources indicating upward price movement is likely

[BULLISH]: Highfield Resources 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 -3.9%.

Limit order for a long position has been identified for Highfield Resources @$1.37
Fibonacci Extensions /
Limit order for a long position has been identified for Highfield Resources @$1.37

Highfield Resources has moved below the 161.8% level ($1.37) [Bullish]. Look for a long limit order entry near this point. Exit price for HFR should be set @$1.87 & Stoploss for Highfield Resources should be set at $0.87

Highfield Resources: Over the last 12 months there has been 60 trading days giving a confirmation ratio of 22.8%.
Open Tod Vs Close Tod /
Highfield Resources: Over the last 12 months there has been 60 trading days giving a confirmation ratio of 22.8%.

[BEARISH STRONG]: Highfield Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 12.5%. This suggests the sellers were in control all day. Over the last 12 months there has been 60 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 22.8%. Over the last month there has been 6 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 50%.

HFR has achieved a lower range ($0.04)
Price Range /
HFR has achieved a lower range ($0.04)

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

Close Tod Vs Close Yest /
The win ratio for price fall in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x

[BEARISH]: Highfield Resourcessellers are keener than buyers and are driving the price down. This is the first day of price decline for HFR adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.6 & the greatest daily negative change this year has been -6.3. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -13.5%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -10.7%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -2.200000%

Aroon Oscillator /
[Downtrend]: Aroon oscillator (-88) strong downtrend has been confirmed for HFR

[BEARISH]: Highfield Resources has a current ARO(25) of -88. This has change 4 points from yesterday.

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

[BEARISH]: Highfield Resources currently has negative PPO -2.474%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Volume Rate of Change /
Highfield Resources currently has positive volume rate of change for 300

[BULLISH]: Highfield Resources currently has positive volume of change of 300%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -3.9%.

Highfield Resources: Daily volume performance is 143.8 [Uptrend]
Volume /
Highfield Resources: Daily volume performance is 143.8 [Uptrend]

[BULLISH]: Highfield Resources current volume uptrend in the first timeframe. Volume for HFR is 231844 (143.8).

Price spike from high volume trading for Highfield Resources during last trading session
Ease of Movement /
Price spike from high volume trading for Highfield Resources during last trading session

HFR: EOM Recent Trading -> (1) 19 Jun: 0.216 (2) 18 Jun: 2.76 (3) 15 Jun: -0.966

Percentage Volume /
Volume has now risen above the short term EMA for HFR [Bullish Crossover]

HFR: PVO Current Signal -> (1) 19 Jun: BULLISH CROSSOVER (2) 18 Jun: BEARISH (3) 15 Jun: BEARISH

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