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

Independence
+ Share

Positive divergence for Independence @ 0.06
Chaikin Money Flow /
Positive divergence for Independence @ 0.06

[BULLISH]: Independence current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.06. IGO received a confirmed CMF crossover days on the Mar 16 2018.The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.2 occurring on the Mar 16 2018.

Upper envelopes overbought signal had been maintained for Independence
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 5.2290.

Triangular Moving Average /
[Bullish]: Trend following indicator for IGO highlights upward price direction is likely

[BULLISH]: Independence currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 7.7%.

MACD Volume /
The volume MACD continues to rise above the signal line for IGO [Bullish]

[BULLISH]: Independence currently has positive Volume MACD of 734016. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Commodity Channel Index /
IGO: Commodity Channel Index has continued confirmed overbought trading conditions

IGO: CCI Current Signal ->(1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Demarks Pivot Points /
Limit order for a long position has been identified for Independence [Bullish]

Independence has broken the first DeMark resistance point ($5.60625) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$5.723 & Stoploss for Independence should be set at $5.478

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Opening Price /
IGO opening price of $5.6 (8.5000000000000000 %)

[BULLISH]: Independence opening price has gapped up. Currently, the OPEN is $5.6 (8.5000000000000000 %).

Independence: MACD oscillator (0.070000)
MACD /
Independence: MACD oscillator (0.070000)

[BULLISH]: Independence currently has positive MACD of 0.070000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 13.3%.

IGO: Current trading activity signals DVI accumulation is active
Daily Volume Index /
IGO: Current trading activity signals DVI accumulation is active

[BULLISH]: Independence current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 5767.

Closing Price /
Recent trading for IGO has beaten the previous close by 7.7000000000000000 % [Uptrend]

[BULLISH]: Independence current uptrend in the first timeframe. Currently, the Close is $5.6.

Low Price /
Independence: Daily low performance (6.8000000000000000 %)

[BEARISH]: Independence current uptrend in the first timeframe. Currently, the Low is $5.49 (6.8000000000000000 %).

Gap Up /
A short term Gap Up has formed with Independence

[BEARISH]: A short term Gap Up has formed with Independence which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 16 occurrences of this bar reversal giving a signal probability of 6.1%.

Limit order for a long position has been identified for Independence [Bullish]
Pivot Points /
Limit order for a long position has been identified for Independence [Bullish]

Independence current pivot point is: 5.608. The current resistance levels are: (R1) $5.726: (R2) $5.853: (R3) $5.971: The current support levels are: (S1) $5.481: (S2) $5.363: (S3) $5.236

14-day rate of change is increasing for Independence
Rate of Change /
14-day rate of change is increasing for Independence

[BULLISH]: Independence currently has positive rate of change of 21.7%. 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

Money Flow Index /
Independence: Overbought signal still active

[BULLISH]: Independence current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 91.51. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 55.8.

Open Window /
Independence: Open Window

IGO: Continuation Candlestick Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: NEUTRAL

Volume /
Independence: Daily volume performance is 229.1 [Uptrend]

[BULLISH]: Independence current volume uptrend in the first timeframe. Volume for IGO is1.21044e+007 (229.1).

Independence is no longer overbought and normal trading conditions are resumed
Williams %R /
Independence is no longer overbought and normal trading conditions are resumed

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

Daily bar has confirmed has confirmed an ATR uptrend is intact for IGO
Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for IGO

[Bullish]: Average True Range has confirmed an uptrend is present. Independence has a TR of 0.535, and an ATR(14) of 0.174.

[Bullish]: SWMA(5) is serving as a support line for Independence
Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Independence

[BULLISH]: Independence 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 7.7%.

Fibonacci Extensions /
Long positions for Independence should be set between $11.34 & $10.2

Independence has moved below the 161.8% level ($11.34) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$10.2 & Stoploss for Independence should be set at $12.48

Simple Moving Average /
The SMA trend following signal is still current for Independence [Bullish]

[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 7.7%.

Stochastic Oscillator /
Independence is still overbought with the Stochastic Oscillator @88.5

IGO: Stochastic Oscillator Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for IGO

[BULLISH]: IndependenceElder Ray Index is signalling a Bullish movementERI is 0.628 indicating bull power. Prices are being driven above the consensus of value for IGO during the last trading session [Buying Pressure]

Independence has signalled an Aroon trend present [Uptrend]
Aroon Oscillator /
Independence has signalled an Aroon trend present [Uptrend]

[BULLISH]: Independence has a current ARU(25) of 100 and a current ARD(25) of 52

Woodie Pivot Point /
[Long]: Exit price for IGO should be set @$5.851

Independence has broken the first Woodie resistance point ($5.722) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$5.851 & Stoploss for Independence should be set at $5.361

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