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

Independence
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Independence: Volume rate of Change (14)
Volume Rate of Change /
Independence: Volume rate of Change (14)

IGO: VROC Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: NEUTRAL

Independence: Daily price range is $0.1 [Decreasing Range]
Price Range /
Independence: Daily price range is $0.1 [Decreasing Range]

IGO: Price Range Recent Trading -> (1) 11 Jan: 0.1 (2) 10 Jan: 0.18 (3) 09 Jan: 0.11

Range Tod Vs Range Yest /
Independence: Range Performance (-44.4)

IGO: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

Close Tod Vs Close Yest /
This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -3.8%

[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 -3 & the greatest daily negative change this year has been -3. 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 -3.8%. 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 -2.2%

Pivot Points /
Independence: Look for a long limit order entry @$4.86

Independence has broken the first resistance point ($4.86) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$4.92 & Stoploss for Independence should be set between $4.72 & $4.66

Sine Weighted Moving Average /
Independence is in a short term uptrend with the SWMA(15) @$4.773

[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 -0.8%.

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Average Directional Movement /
IGO: Average Directional Index has confirmed a strong trend @28.81

[Trend]: ADX for IGO has confirmed a strong trend is presentIndependence has an ATR(14) of 0.154, a DX of 20.73 & an ADX(14) of 28.81

Independence: Daily volume is 1.60444e+006 [Lower Volume]
Volume /
Independence: Daily volume is 1.60444e+006 [Lower Volume]

IGO: VOLUME Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BEARISH (3) 09 Jan: BULLISH

IGO: Aroon oscillator has confirmed an strong uptrend @60
Aroon Oscillator /
IGO: Aroon oscillator has confirmed an strong uptrend @60

[BULLISH]: Independence has a current ARO(25) of 60. This has change -12 points from yesterday.

Triangular Moving Average /
Triangular Moving Average(30) signal is confirmed for Independence indicating upward price movement is likely

IGO: TMA Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH

MACD /
MACD oscillator is now positive for IGO

[BULLISH CROSSOVER]: Independence currently has positive MACD of 0.007000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -3.8%.

MACD Volume /
Independence: Volume MACD oscillator (-58525)

IGO: Volume MACD Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

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 3.700%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Stoploss for Independence should be set at $1.45
Fibonacci Extensions /
Stoploss for Independence should be set at $1.45

Independence has moved above the 161.8% level ($2.63) [Bearish]. Look for a short limit order entry near this point. Exit price for IGO should be set @$3.81 & short position stoploss for Independence should be set at $1.45

Low Price /
Recent trading for Independence fell short of the previous low by -1 %

[BULLISH]: Independence current downtrend in the first timeframe. Currently, the Low is $4.78 (-1 %).

Two Crows /
Independence: Two Crows

[BEARISH]: Independence has formed a new Two Crows reversal pattern.

High Price /
Independence: Daily high performance is -2.6 % [Downtrend]

[BEARISH]: Independence current downtrend in the first timeframe. Currently, the HIGH is -2.6 %.

IGO Basic Candle: Black
Black Candle /
IGO Basic Candle: Black

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

[Bullish]: SMA(30) is serving as a support line for Independence
Simple Moving Average /
[Bullish]: SMA(30) is serving as a support line for Independence

[BULLISH]: Independence 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 -0.8%.

Independence: Ulcer Index 1.591 [Low Stress]
Ulcer Index /
Independence: Ulcer Index 1.591 [Low Stress]

IGO: UIX Current Signal -> (1) 11 Jan: Low stress (2) 11 Jan: Low stress (3) 11 Jan: Low stress

Momentum /
Negative momentum: Price is trading lower for Independence than 5 days ago

IGO: MOM Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH CROSSOVER

On Balance Volume /
Recent trading signals Independence is being accumulated

[BULLISH]: Independence current price has highlighted recent accumulation. Currently, the OBV is 1.44237e+007.

Moving Average Envelope /
Upper envelope overbought signal had been initiated for Independence

[BEARISH CROSSOVER]: Independence current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 4.7145.

Exponential Moving Average /
Independence is in a short term uptrend with the EMA(15) @$4.73402

[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 -0.8%.

Independence: Daily opening performance is -3.4 % [Downntrend]
Opening Price /
Independence: Daily opening performance is -3.4 % [Downntrend]

[BEARISH]: Independence opening price has gapped down. Currently, the OPEN is $4.81 (-3.4 %).

Recent trading for IGO has failed to beaten the previous close by -0.8 % [Downtrend]
Closing Price /
Recent trading for IGO has failed to beaten the previous close by -0.8 % [Downtrend]

[BEARISH]: Independence current downtrend in the first timeframe. Currently, the Close is $4.8.

Daily Volume Index /
Independence: DVI(-31)

[BEARISH]: Independence current distribution has given weakness to the share price and the continuation of bearish trading conditions.

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