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

Inghams
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Open/close reversal: Sellers were in control for all the trading day for Inghams
Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for Inghams

[BEARISH STRONG]: Inghams opened in the upper part of daily range at 80% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 23 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 8.8%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 25%.

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

[BULLISH]: Inghams current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.2775.

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

[BEARISH]: Inghams currently has negative rate of change of -27%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2.3%.

Momentum /
Momentum(5) is increasing for Inghams

[BULLISH]: Inghams currently has positive momentum of 0.12. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -2.3%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 3.8%%.

Elders Force Index /
[Buying Pressure]: Elders Force Index (1362) confirms bullish conditions are intact

[BULLISH]: Inghams current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1362.

Woodie Pivot Point /
Inghams : Woodie Pivot ($3.455)

Inghams has broken the first Woodie resistance point ($3.48) [Bullish]. Look for a long limit order entry near this point. Exit price for ING should be set @$3.555 & Stoploss for Inghams should be set at $3.355

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Detrended Price Oscillator /
Inghams : Detrended Price Oscillator(20) is -0.0665 [Bearish Crossover]

[BEARISH]: Inghams currently has a confirmed downtrend. Price is currently below the displaced moving average for INGCurrently, the return on DPO20 is -2.3%.

Inghams  has initiated a 2nd timeframe trend [Downtrend]
Medium Trend /
Inghams has initiated a 2nd timeframe trend [Downtrend]

[BEARISH]: Inghams has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Dec 28 2017.

Positive momentum on the Volume MACD histogram for ING has been confirmed & supports a bullish move is likely
MACD Volume /
Positive momentum on the Volume MACD histogram for ING has been confirmed & supports a bullish move is likely

[BULLISH CROSSOVER]: Inghams currently has positive Volume MACD of 14641. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Ease of Movement /
Inghams was difficult to move upward due to high volume in recent trading [Bullish]

ING: EOM Recent Trading -> (1) 11 Jan: 0.724 (2) 11 Jan: -0.671 (3) 11 Jan: -1.191

Camarilla Pivot Points /
Inghams has broken the first Camarilla resistance point ($3.719) [Bullish]

Inghams has broken the first Camarilla resistance point ($3.719) [Bullish]. Look for a long limit order entry near this point. Exit price for ING should be set @$4.007 & Stoploss for Inghams should be set between $2.853 & $2.564

Fibonacci Extensions /
Limit order for a long position has been identified for Inghams @$3.5

Inghams has moved below the 161.8% level ($3.5) [Bullish]. Look for a long limit order entry near this point. Exit price for ING should be set @$3.37 & Stoploss for Inghams should be set at $3.63

Inghams  is in a short term uptrend with the closing price @$3.43
Simple Moving Average /
Inghams is in a short term uptrend with the closing price @$3.43

[BEARISH]: Inghams 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 -2.3%.

The biggest downward movement for Inghams  this month has been -2.3
Close Tod Vs Close Yest /
The biggest downward movement for Inghams this month has been -2.3

[BEARISH]: Inghams sellers are keener than buyers and are driving the price down. This is the first day of price decline for ING adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.3 & the greatest daily negative change this year has been -2.3. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -7%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -2.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1.2%

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

[BEARISH]: Inghams current price has highlighted recent distribution. Currently, the OBV is -5.31437e+006.

Average True Range /
Average True Range for Inghams has signalled an uptrend is active

ING: Average True Range Recent Trading -> (1) 11 Jan: 0.093 (2) 11 Jan: 0.049 (3) 11 Jan: 0.077

Volume /
[Bearish]: Lower volume has formed for ING by -36.3 during the last trading session

[BEARISH]: Inghams current volume downtrend in the first timeframe. Volume for ING is345197 (-36.3).

Inghams : Average Directional Index (28.68) has confirmed a strong trend is present
Average Directional Movement /
Inghams : Average Directional Index (28.68) has confirmed a strong trend is present

[Trend]: ADX for ING has confirmed a strong trend is presentInghams has an ATR(14) of 0.093, a DX of 4.33 & an ADX(14) of 28.68

The TMA trend following signal is still current for Inghams  [Bullish]
Triangular Moving Average /
The TMA trend following signal is still current for Inghams [Bullish]

[BULLISH]: Inghams 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 -2.3%.

Inghams  is no longer overbought and normal trading conditions are resumed
Stochastic Oscillator /
Inghams is no longer overbought and normal trading conditions are resumed

ING: Stochastic Oscillator Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: NEUTRAL

Rate of Change /
Inghams : Rate of Change (14)

[BULLISH]: Inghams currently has positive rate of change of 0.3%. 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

Pivot Points /
Stoploss for Inghams should be set between $3.363 & $3.296

Inghams has broken the first resistance point ($3.496) [Bullish]. Look for a long limit order entry near this point. Exit price for ING should be set @$3.563 & Stoploss for Inghams should be set between $3.363 & $3.296

Black Candle /
ING Basic Candle: Black

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

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Inghams [Bullish]

ING: SWMA Recent Trading -> (1) 11 Jan: 3.423 (2) 11 Jan: 2.779 (3) 11 Jan: 3.047

Inghams : Current trading activity signals DVI distribution has commenced
Daily Volume Index /
Inghams : Current trading activity signals DVI distribution has commenced

ING: DVI Recent Trading -> (1) 11 Jan: -820 (2) 11 Jan: 167 (3) 11 Jan: 7270

[Downtrend]: Aroon oscillator @-48 has confirmed a downtrend for ING
Aroon Oscillator /
[Downtrend]: Aroon oscillator @-48 has confirmed a downtrend for ING

[BEARISH]: Inghams has a current ARU(25) of 32 and a current ARD(25) of 80

Bear Harami /
Inghams : Bear Harami

[BEARISH]: Inghams has formed a new Bear Harami reversal pattern.

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