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

IFN
+ Share

[Bullish]: New low has formed for IFN by 0.7 % during the last trading session
Low Price /
[Bullish]: New low has formed for IFN by 0.7 % during the last trading session

IFN: LOW Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BEARISH

Recent trading signals IFN is being distributed
Daily Volume Index /
Recent trading signals IFN is being distributed

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

Open Tod Vs Close Tod /
IFN: Sellers were in control all day.

[BEARISH STRONG]: IFN opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 58 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 22.1%. Over the last month there has been 7 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 46.7%.

PROFIT /
Operating profitability for IFN is now $142.51M

IFN Key financial metrics: (1) Revenue: $196.66M (2) EBITDA: $142.51M (3) Price-Sales ratio: 3.527

Simple Moving Average /
IFN: Price continues to move below the SMA(5) @$0.7315

[BULLISH]: IFN 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 -1%.

Detrended Price Oscillator /
DPO(20) for IFN has confirmed bearish direction is likely to continue

[BEARISH]: IFN currently has a confirmed downtrend. Price is currently below the displaced moving average for IFNCurrently, the return on DPO20 is -1%.

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Percentage Price /
IFN currently has negative PPO -1.000

[BEARISH]: IFN currently has negative PPO -1.000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

IFN: Volume MACD @438136 [Bullish]
MACD Volume /
IFN: Volume MACD @438136 [Bullish]

[BULLISH]: IFN currently has positive Volume MACD of 438136. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

A short term Hook Reversal has formed with IFN
Hook Reversal /
A short term Hook Reversal has formed with IFN

[BEARISH]: A short term Hook Reversal has formed with IFN 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%.

Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for IFN

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

Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for IFN

IFN: Chaikin Oscillator Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Exponential Moving Average /
[Downtrend]: Recent trading for IFN indicates ST trend is likely to continue

[BEARISH]: IFN 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%.

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

[BEARISH]: IFNElder Ray Index is signalling a Bearish movementERI is -0.012 indicating bear power. Prices are being driven below the consensus of value for IFN during the last trading session [Selling Pressure]

IFN currently has negative momentum of -0.02
Momentum /
IFN currently has negative momentum of -0.02

[BEARISH]: IFN currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1%.The largest downward momentum rally for the last 3 months is 6 days producing a return of -3.3%%.

TRADE /
Shares outstanding for IFN is 950258000

IFN key financial metrics: (1) MCAP: $688.94M (2) Shares: 950258000 (3) Free Float: 642004000

GROWTH /
IFN: Asset valuation ($0.504)

IFN Key financial metrics: (1) Book Value: $0.504 (2) Market-to-Book ratio: 1.448 (3) PEG Ratio: 18.125

Price Range /
IFN: Daily price range is 0.005 [Downtrend]

IFN: Price Range Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BULLISH

Woodie pivot point for IFN is bearish. Stoploss should be positioned @$0.731
Woodie Pivot Point /
Woodie pivot point for IFN is bearish. Stoploss should be positioned @$0.731

IFN current pivot point (Woodie) is: $0.726. The current resistance levels are: (R1) $0.727: (R2) $0.731The current support levels are: (S1) $0.722: (S2) $0.721

IFN: Closing price $0.725 is below the TMA(5) @$0.737
Triangular Moving Average /
IFN: Closing price $0.725 is below the TMA(5) @$0.737

[BEARISH]: IFN currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1%.

IFN: Daily performance is -1 % [Downtrend]
Closing Price /
IFN: Daily performance is -1 % [Downtrend]

[BEARISH]: IFN current downtrend in the first timeframe. Currently, the Close is $0.725.

Short Black Candle /
IFN Basic Candle: Short Black

IFN: Basic Candlestick Recent Trading -> (1) 20 Oct: Short Black Candle (2) 19 Oct: Short White Candle (3) 18 Oct: Black Candle

Volume Rate of Change /
IFN:Volume rate of Change (20)

[BULLISH]: IFN currently has positive volume of change of 20%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1%.

On Balance Volume /
IFN is being actively accumulated based on OBV

[BULLISH]: IFN current price has highlighted recent accumulation. Currently, the OBV is 1.60893e+006.

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

[BULLISH]: IFN current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.7030.

IFN: Daily opening price is $0.73
Opening Price /
IFN: Daily opening price is $0.73

[BEARISH]: IFN opening price has gapped down. Currently, the OPEN is $0.73 (1.4 %).

The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -16%
Close Tod Vs Close Yest /
The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -16%

[BEARISH]: IFNsellers are keener than buyers and are driving the price down. This is the first day of price decline for IFN adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2 & the greatest daily negative change this year has been -4.5. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -16%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -3.6%. 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 0.9x. Over the last month the average daily downward movement has been -1.3%

Demarks Pivot Points /
IFN has broken the first DeMark support point ($0.72625) [Bearish]

IFN has broken the first DeMark support point ($0.72625) [Bearish]. Look for a short limit order entry near this point. Exit price for IFN should be set @$0.723 & short position stoploss for IFN should be set at $0.728

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