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

Independence
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Independence: Range Performance (-30)
Range Tod Vs Range Yest /
Independence: Range Performance (-30)

[WEAK BEARISH]: Independencebuyers are becoming less eager.There has been 2 consecutive days of range decrease for IGO reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.96 & the greatest daily price range this year has been $1.83. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.5x.

Closing price for Independence has seen sellers continue to win the daily battle for performance @ -0.1%
Close Tod Vs Close Yest /
Closing price for Independence has seen sellers continue to win the daily battle for performance @ -0.1%

[BEARISH]: Independencesellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for IGO adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.6 & the greatest daily negative change this year has been -10.2. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -16.1%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.6%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily downward movement has been -1.1%

Bear Harami /
Independence: Bear Harami

IGO: Reversal (Weak) Candlestick Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Detrended Price Oscillator /
Independence: Detrended Price Oscillator(20) is 0.7198

[BULLISH]: Independence currently has a confirmed uptrend. Price is currently above the displaced moving average for IGOCurrently, the return on DPO20 is -0.1%.

Rate of Change /
Independence currently has positive rate of change for 21.148

IGO: ROC Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

High Price /
[Bullish]: Independence has beaten previous high by 0 %

IGO: HIGH Recent Trading -> (1) 20 Oct: 4.43 (2) 19 Oct: 4.43 (3) 18 Oct: 4.375

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Ex-Dividend /
The last dividends distributed to shareholders was Mar 9 2017

The last ex-dividend date recorded for IGO occurred on the Mar 9 2017. This event was 225 days from the current trading day.

[Bearish]: Independence has failed to beat previous close by -0.1 %
Closing Price /
[Bearish]: Independence has failed to beat previous close by -0.1 %

[BEARISH]: Independence current downtrend in the first timeframe. Currently, the Close is $4.325.

Potential continuation of a trend reversal (Bearish) for Independence
Commodity Channel Index /
Potential continuation of a trend reversal (Bearish) for Independence

[BEARISH]: Independence current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 162. IGO received a confirmed CCI crossover on the Oct 10 2017.The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 192.

Moving Average Envelope /
Upper envelopes overbought signal had been maintained for Independence

[BEARISH]: Independence current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 4.0530.

Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for IGO

IGO: TMA Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Advance Block /
Independence: Advance Block

[BULLISH]: Independence has formed a new Advance Block pattern.

Traders are currently accumulating Independence
Daily Volume Index /
Traders are currently accumulating Independence

[BULLISH]: Independence current accumulation has given strength to the share price and the continuation of bullish trading conditions.

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

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

Medium Trend /
Daily trading has maintained an Uptrend medium trend for Independence

IGO: Medium Term Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

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

[BULLISH]: Independence currently has positive momentum of 0.525. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.1%. The largest upward momentum rally for the last 3 months is 16 days producing a return of 23.3%%.

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

[BULLISH]: Independence current price has highlighted recent buying pressure. Currently, the Elders Force Index is 287465.

Independence is no longer overbought [Neutral]
Relative Strength Index /
Independence is no longer overbought [Neutral]

IGO: RSI Recent Trading -> (1) 20 Oct: 82.5828 (2) 19 Oct: 82.9905 (3) 18 Oct: 84.1211

Independence: MACD @0.080000 [Bullish]
MACD /
Independence: MACD @0.080000 [Bullish]

[BULLISH]: Independence currently has positive MACD of 0.080000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 13.3%.

Low for IGO has surpassed the low of the previous trading session
Low Price /
Low for IGO has surpassed the low of the previous trading session

[BEARISH]: Independence current uptrend in the first timeframe. Currently, the Low is $4.29 (1.4 %).

Opening Price /
Price for IGO has opened weaker than close of the previous trading session

[BEARISH]: Independence opening price has gapped down. Currently, the OPEN is $4.3 (0.2 %).

Pivot Points /
Pivot point for IGO is bullish. Stoploss should be positioned @$4.208

Independence has broken the first resistance point ($4.406) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$4.488 & Stoploss for Independence should be set between $4.208 & $4.126

Simple Moving Average /
[Uptrend]: Recent trading for IGO indicates ST trend is likely to continue

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.1%.

Ease of Movement /
Ease of Movement for Independenceis 0.152 [Difficult to Move]

IGO: EOM Recent Trading -> (1) 20 Oct: 0.152 (2) 19 Oct: 0.449 (3) 18 Oct: 0.484

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

[BULLISH]: Independence currently has positive PPO 4.900%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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

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

Ulcer Index /
Recent trading has highlighted low Ulcer index for Independence

[BEARISH]: Independence UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.437.

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