IGO | Australian Securities Exchange

Independence
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[Selling Pressure]: ERI has increased for Independence during the last trading session
Elder Ray Index /
[Selling Pressure]: ERI has increased for Independence during the last trading session

[BEARISH]: Independence Elder Ray Index is signalling a Bearish movementERI is -0.172 indicating bear power. Prices are being driven below the consensus of value for IGO during the last trading session [Selling Pressure]

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

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 1.9%.

Bollinger Bands /
Upper Bollinger Band Overbought signal had been maintained for Independence

[BEARISH]: Independence is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 16.76% with a current width of 13.54.

Weighted Moving Average /
[Bearish]: WMA(15) is serving as a resistance line for Independence

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 1.9%.

White Candle /
IGO Basic Candle: White

IGO: Basic Candlestick Current Signal -> (1) 16 Oct: BULLISH (2) 15 Oct: NEUTRAL (3) 12 Oct: BULLISH

Close Tod Vs Close Yest /
Closing price for IGO ($4.35) signals buyers are now keener than sellers

[BULLISH]: Independencebuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for IGO adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.5 & the greatest daily positive change this year has been 96.7. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 98.6%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 5.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.4x. Over the last month the average daily upward movement has been 2.700000%

Independence: 0.618 Fibonacci Retraction (3.63)
Fibonacci Retracements /
Independence: 0.618 Fibonacci Retraction (3.63)

Independence: The current Fibonacci Retraction levels are: (23.61%) $4.7: (38.2%) $3.81: (50%) $3.72: (61.8%) $3.63The current support levels are: (78.6%) $3.5: (100%) $3.34: (138.2%) $3.04: (161.8%) $2.86: (261.8%) $2.08: (423.61%) $0.83

Fibonacci Extensions /
Independence: 1.618 Fibonacci Extension ($3.63)

Independence: The current Fibonacci Extension levels are: (23.61%) $4.7: (38.2%) $4.59: (50%) $4.5: (61.8%) $4.41The current support levels are: (78.6%) $4.28: (100%) $4.11: (138.2%) $3.81: (161.8%) $3.63: (261.8%) $2.86: (423.61%) $1.6

Independence: Woodie Pivot ($4.343)
Woodie Pivot Point /
Independence: Woodie Pivot ($4.343)

Independence current pivot point (Woodie) is: $4.343. The current resistance levels are: (R1) $4.406: (R2) $4.453The current support levels are: (S1) $4.296: (S2) $4.233

Independence currently has negative volume rate of change for -58
Volume Rate of Change /
Independence currently has negative volume rate of change for -58

[BEARISH]: Independence currently has negative rate of change of -58%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.9%.

Momentum /
14-day momentum is decreasing for Independence

[BEARISH]: Independence currently has negative momentum of -0.27 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.9%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -5.8%.

Pivot Points /
Independence: Pivot Point ($4.34)

Independence current pivot point is: 4.34. The current resistance levels are: (R2) $4.45: (R2) $4.45: (R3) $4.51: The current support levels are: (S1) $4.29: (S2) $4.23: (S3) $4.18

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

IGO: William %R Current Signal -> (1) 16 Oct: BEARISH CROSSUNDER (2) 15 Oct: BULLISH CROSSOVER (3) 12 Oct: BEARISH CROSSUNDER

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

IGO: ROC Current Signal -> (1) 16 Oct: BEARISH (2) 15 Oct: BEARISH (3) 12 Oct: BEARISH

Independence: Current trading activity signals distribution is present
Accumulation / Distribution /
Independence: Current trading activity signals distribution is present

IGO: ADLINE Current Signal -> (1) 16 Oct: BEARISH (2) 15 Oct: BEARISH (3) 12 Oct: BEARISH

Camarilla Pivot Points /
Independence: Camarilla Pivot ($4.34)

Independence current pivot point Camarilla is: $4.34. The current resistance levels are: (R1) $4.712: (R2) $5.073: (R3) $5.435: (R4) $6.52The current support levels are: (S1) $3.988: (S2) $3.627: (S3) $3.265: (S4) $2.18

Sine Weighted Moving Average /
Sine Weighted Moving Average(15) signal continues for Independence indicating downward price movement is likely

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 1.9%.

On Balance Volume /
Traders are currently Distributing Independence

[BEARISH]: Independence current price has highlighted recent distribution. Currently, the OBV is -310671.

A short term Pivot Reversal has formed with Independence
Pivot Reversal /
A short term Pivot Reversal has formed with Independence

[BULLISH]: A short term Pivot Reversal has formed with Independence which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

Independence: Coles Rally Day for the daily trend is confirmed
Coles Reaction Day /
Independence: Coles Rally Day for the daily trend is confirmed

IGO: CRD Current Signal -> (1) 16 Oct: BULLISH (2) 15 Oct: NEUTRAL (3) 12 Oct: BEARISH

Recent trading was only supported by high volume for Independence
Ease of Movement /
Recent trading was only supported by high volume for Independence

IGO: EOM Current Signal -> (1) 16 Oct: BULLISH HARD (2) 15 Oct: BEARISH HARD (3) 12 Oct: BULLISH HARD

Open Tod Vs Close Tod /
Open/close reversal: Buyers have lost commitment during the trading day for Independence

[BULLISH WEAK]: Independence opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 63.6%. This suggests the buyers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 16.7%.

Daily Volume Index /
Confirmation of Independence is currently being accumulated via DVI

[BULLISH]: Independence (ASX:IGO) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 8211.

Short Trend /
Recent trading indicates an upward price direction IGO [Uptrend]

[BULLISH]: Independence is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 4

Aroon Oscillator /
Aroon oscillator for Independence has signalled a strong uptrend is active

IGO: Aroon Oscillator Current Signal -> (1) 16 Oct: BULLISH STRONG (2) 15 Oct: BULLISH STRONG (3) 12 Oct: BULLISH STRONG

Bullish trading conditions for Independence has initiated a bullish crossover from the DPO (0.018)
Detrended Price Oscillator /
Bullish trading conditions for Independence has initiated a bullish crossover from the DPO (0.018)

[BULLISH]: Independence currently has a confirmed uptrend. Price is currently above the displaced moving average for IGO. Currently, the return on DPO20 is 1.9%.

Drawdown for Independence is currently high signalling high stress
Ulcer Index /
Drawdown for Independence is currently high signalling high stress

[BULLISH]: Independence UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.809.

Long Trend /
IGO: Long term trend is still an Uptrend

[BULLISH]: Independence is in an uptrend in the medium term timeframe.. The highest rally for the month is 12

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