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

IFN
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William %R oversold signal has just been triggered for IFN
Williams %R /
William %R oversold signal has just been triggered for IFN

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

IFN: Sellers are in control at the market close.
Close Tod Vs Range Tod /
IFN: Sellers are in control at the market close.

[BEARISH]: IFN sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for IFN adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 89 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.1%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 6 days in the upper range giving a ratio of 1.3x.

Momentum /
Momentum(5) is decreasing for IFN

[BEARISH]: IFN currently has negative momentum of -0.005 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.7%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -1.5%%.

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for IFN

[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 -0.7%.

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

[BEARISH CROSSOVER]: IFN currently has negative PPO -0.400%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Elders Force Index /
Price & volume confirms selling pressure for IFN is likely

[BEARISH]: IFN current price has highlighted recent selling pressure. Currently, the Elders Force Index is -4641.

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Average True Range /
IFN: Average True Range has confirmed an downtrend @0.017

IFN: Average True Range Recent Trading -> (1) 11 Jan: 0.017 (2) 11 Jan: 0.023 (3) 11 Jan: 0.183

IFN has moved below the S1 DeMark pivot point ($0.6725) [Bearish]
Demarks Pivot Points /
IFN has moved below the S1 DeMark pivot point ($0.6725) [Bearish]

IFN has broken the first DeMark support point ($0.6725) [Bearish]. Look for a short limit order entry near this point. Exit price for IFN should be set @$0.665 & short position stoploss for IFN should be set at $0.675

[Downtrend]: Recent trading for IFN indicates ST trend is likely to continue
Triangular 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 TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.7%.

Percentage Volume /
IFN: Percentage Volume Oscillator @-23 [Bearish]

[BEARISH]: IFN currently has negative PVO -23%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.7%.

Bill Williams Market Facilitation /
BWFI has signalled a Fake Day 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.

Fibonacci Extensions /
IFN has moved below the 161.8% extension level ($13.26) [Bullish]

IFN: The current Fibonacci Extension levels are: (23.61%) $0.66: (38.2%) $0.67: (50%) $0.68: (61.8%) $0.68The current support levels are: (78.6%) $0.69: (100%) $0.7: (138.2%) $0.71: (161.8%) $0.72: (261.8%) $0.76: (423.61%) $0.82

The EMA trend following signal is still current for IFN [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for IFN [Bearish]

[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 -0.7%.

[Short]: Exit price for IFN should be set @$0.663
Pivot Points /
[Short]: Exit price for IFN should be set @$0.663

IFN current pivot point is: 0.673. The current resistance levels are: (R1) $0.676: (R2) $0.683: (R3) $0.686: The current support levels are: (S1) $0.666: (S2) $0.663: (S3) $0.656

Opening Price /
IFN: Daily opening price is $0.675

IFN: OPEN Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: NEUTRAL (3) 09 Jan: BEARISH

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

IFN has broken the first Camarilla support point ($0.614) [Bearish]. Look for a short limit order entry near this point. Exit price for IFN should be set @$0.558 & short position stoploss for IFN should be set between $0.782 & $0.838

Price Range /
IFN: Daily price range is $0.01 [Decreasing Range]

[BEARISH]: IFN current downtrend in the first timeframe. Currently, the Range is $0.01.

IFN Basic Candle: Black
Black Candle /
IFN Basic Candle: Black

[BEARISH]: IFN has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Closing price for IFN ($0.67) signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Closing price for IFN ($0.67) signals sellers are now keener than buyers

IFN: Recent Performance ->(1) 11 Jan: -0.7% (2) 11 Jan: -1.2% (3) 11 Jan: -0.7%

IFN: Daily high performance is -0.7 % [Downtrend]
High Price /
IFN: Daily high performance is -0.7 % [Downtrend]

[BEARISH]: IFN current downtrend in the first timeframe. Currently, the HIGH is -0.7 %.

Accumulation / Distribution /
IFN: Accumulation Distribution Line (-1.25965e+006)

[BEARISH CROSSOVER]: IFN current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Volume /
[Bearish]: Lower volume has formed for IFN by -57.8 during the last trading session

IFN: VOLUME Recent Trading -> (1) 11 Jan: 757671 (2) 10 Jan: 1.79715e+006 (3) 09 Jan: 549650

Money Flow Index /
The volume weighted RSI for IFN has become oversold during last trading session

[BEARISH]: IFN current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 19.07. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 44.36.

MACD /
The MACD continues to fall below the signal line for IFN [Bearish]

[BEARISH]: IFN currently has negative MACD of -0.002000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.7%.

Contracting price range of -33.3% on an down tick day for IFN
Range Tod Vs Range Yest /
Contracting price range of -33.3% on an down tick day for IFN

[WEAK BULLISH]: IFNsellers are becoming less eager. There has been 2 consecutive days of range increase for IFN reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.02 & the greatest daily price range this year has been $0.02. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 1x.

IFN has failed to achieve a higher close of $0.67 (-0.7 %)
Closing Price /
IFN has failed to achieve a higher close of $0.67 (-0.7 %)

[BEARISH]: IFN current downtrend in the first timeframe. Currently, the Close is $0.67.

Woodie Pivot Point /
IFN: Stoploss for short position should be set at $0.683

IFN has broken the first Woodie support point ($0.666) [Bearish]. Look for a short limit order entry near this point. Exit price for IFN should be set @$0.663 & short position stoploss for IFN should be set at $0.683

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