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

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

[BULLISH]: Independence has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 13 2018.

The MACD for IGO is losing momentum through a fall on the short term EMA
MACD /
The MACD for IGO is losing momentum through a fall on the short term EMA

[BEARISH]: Independence currently has negative MACD of -0.0274. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

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

[BEARISH]: Independence Elder Ray Index is signalling a Bearish movementERI is -0.134 indicating bear power. Prices are being driven below the consensus of value for IGO during the last trading session [Selling Pressure]

Percentage Volume /
Volume for Independence continues to lose momentum @-5.47)

[BEARISH]: Independence currently has negative PVO -5.47%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

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

[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 0.0%.

Momentum /
5-day momentum is decreasing for Independence

IGO: MOM Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

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Demarks Pivot Points /
Stoploss for Independence should be set between $4.895

Independence has broken the first DeMark resistance point ($4.9425) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$4.985 & Stoploss for Independence should be set at $4.895

Independence Ease of Movement is -0.335 [Difficult to Move]
Ease of Movement /
Independence Ease of Movement is -0.335 [Difficult to Move]

IGO: EOM Current Signal -> (1) 20 Jun: BEARISH HARD (2) 19 Jun: BEARISH HARD (3) 18 Jun: BEARISH HARD

Long positions for Independence should be set between $0 & $9.89
Fibonacci Retracements /
Long positions for Independence should be set between $0 & $9.89

Independence is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$9.89 & Stoploss for Independence should be set between $9.7

Volume /
Independence: Daily volume performance is 61.9 [Uptrend]

[BULLISH]: Independence current volume uptrend in the first timeframe. Volume for IGO is 1.94706e+006 (61.9).

Price Range /
Price volatility is low for IGO based on the lower price range ($0.09) [Downtrend]

[BEARISH]: Independence current downtrend in the first timeframe. Currently, the Range is $0.09.

Ulcer Index /
Ulcer index has reduced in stress level for IGO & low drawdown is expected

[BEARISH]: Independence UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.297.

Independence: Price Percentage Oscillator (0.496)
Percentage Price /
Independence: Price Percentage Oscillator (0.496)

[BULLISH]: Independence currently has positive PPO 0.496%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Independence: Daily high performance is -2.2 % [Downtrend]
High Price /
Independence: Daily high performance is -2.2 % [Downtrend]

[BEARISH]: Independence current downtrend in the first timeframe. Currently, the HIGH is -2.2 %.

Range Tod Vs Range Yest /
IGO: Price range ratio this month versus the year to date price range is 0.5000000000000000000x.

IGO: Range today versus range yesterday Current Signal ->(1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: BEARISH

Weighted Moving Average /
Independence is in a short term downtrend with the resistance price @$4.998

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

Chaikin Money Flow /
CMF highlights continued positive divergence for Independence

[BULLISH]: Independence current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.17. IGO received a confirmed CMF crossover days on the Jun 6 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.2 occurring on the Jun 6 2018.

[Bullish]: Independence current trading has maintained the Envelope Bands to oversold status
Moving Average Envelope /
[Bullish]: Independence current trading has maintained the Envelope Bands to oversold status

[BULLISH]: Independence current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 4.75.

IGO: Aroon oscillator has confirmed an uptrend @24
Aroon Oscillator /
IGO: Aroon oscillator has confirmed an uptrend @24

[BULLISH]: Independence has a current ARU(25) of 68 and a current ARD(25) of 44

IGO: Current trading activity signals OBV distribution is active
On Balance Volume /
IGO: Current trading activity signals OBV distribution is active

IGO: OBV Current Signal ->(1) 20 Jun: BEARISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

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

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

Elders Force Index /
Bullish conditions for IGO are likely to continue based on EFI (12740)

[BULLISH]: Independence current price has highlighted recent buying pressure. Currently, the Elders Force Index is 12740.

Detrended Price Oscillator /
Independence: Detrended Price Oscillator(20) is 0.078

[BULLISH]: Independence currently has a confirmed uptrend. Price is currently above the displaced moving average for IGO. Currently, the return on DPO20 is 0.0%.

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Independence indicating downward price movement is likely

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Exponential Moving Average(5) signal continues for Independence indicating downward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Independence indicating downward price movement is likely

[BEARISH]: Independence 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 0.0%.

Volume rate of change continues to build for Independence signalling a short term downtrend is likely
Volume Rate of Change /
Volume rate of change continues to build for Independence signalling a short term downtrend is likely

[BEARISH]: Independence currently has negative rate of change of -43%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

Accumulation / Distribution /
Recent trading signals Independence is being distributed

[BEARISH]: Independence current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -990200.

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