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

Inghams
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Inghams : Uptrend for the medium term trend is continued
Medium Trend /
Inghams : Uptrend for the medium term trend is continued

ING: Medium Term Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Daily trading has confirmed an ADX weak trend (21.48) for Inghams
Average Directional Movement /
Daily trading has confirmed an ADX weak trend (21.48) for Inghams

[Weak Trend]: ADX for ING has confirmed a weak trend is present. Inghams has an ATR(14) of 0.104, a DX of 2.58 & an ADX(14) of 21.48

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Inghams indicating upward price movement is likely

ING: TMA Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH CROSSOVER (3) 19 Jun: BEARISH CROSSOVER

Open Close Reversal /
A short term Open Close Reversal has formed with Inghams

[BEARISH]: A short term Open Close Reversal has formed with Inghams which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

Fibonacci Extensions /
Inghams has moved below the 161.8% extension level ($4.02) [Bullish]

Inghams has moved below the 161.8% level ($4.02) [Bullish]. Look for a long limit order entry near this point. Exit price for ING should be set @$4.85 & Stoploss for Inghams should be set at $3.2

Rate of Change /
Inghams currently has negative rate of change for -2.778

[BEARISH]: Inghams currently has negative rate of change of -2.778%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

ING: Average True Range has confirmed an downtrend @0.104
Average True Range /
ING: Average True Range has confirmed an downtrend @0.104

[Bearish]: Average True Range has confirmed an downtrend is present. Inghams has a TR of 0.07, and an ATR(14) of 0.104.

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Percentage Price /
The current price is still losing momentum through a fall for ING on the short term EMA.

[BEARISH]: Inghams currently has negative PPO -0.106%. This means the current price is losing momentum through a fall on the short term exponential moving average.

ING: The return on MACD is 3.5%.
MACD /
ING: The return on MACD is 3.5%.

[BEARISH]: Inghams currently has negative MACD of -0.0071. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 3.5%.

Inghams : Daily opening performance is 2.4 % [Uptrend]
Opening Price /
Inghams : Daily opening performance is 2.4 % [Uptrend]

[BULLISH]: Inghams opening price has gapped up. Currently, the OPEN is $3.9 (2.4 %).

Ulcer Index /
Ulcer index has increased as the price has fallen for Inghams

ING: UIX Current Signal -> (1) 21 Jun: High stress (2) 20 Jun: High stress (3) 19 Jun: High stress

Price Range /
Inghams has failed to achieve a higher range ($0.05)

[BEARISH]: Inghams current downtrend in the first timeframe. Currently, the Range is $0.05.

Black Marubozu /
ING Basic Candle: Black Marubozu

[BEARISH]: Inghams has formed a Black Marubozu candlestick. This means, ING has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Stoploss for Inghams  should be set at $3.813
Woodie Pivot Point /
Stoploss for Inghams should be set at $3.813

Inghams has broken the first Woodie resistance point ($3.876) [Bullish]. Look for a long limit order entry near this point. Exit price for ING should be set @$3.913 & Stoploss for Inghams should be set at $3.813

Inghams : Daily high performance is 0.3 % [Uptrend]
High Price /
Inghams : Daily high performance is 0.3 % [Uptrend]

[BULLISH]: Inghams current uptrend in the first timeframe. Currently, the HIGH is 0.3 %.

Dark Cloud Cover /
Inghams (ING): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Inghams has formed a new bearish Dark Cloud Cover reversal pattern. This means, ING has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

On Balance Volume /
Confirmation of Inghams is currently being accumulated via OBV

[BULLISH]: Inghams current price has highlighted recent accumulation. Currently, the OBV is 1.33638e+007.

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

[WEAK BEARISH]: Inghams buyers are becoming less eager.There has been 2 consecutive days of range decrease for ING reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.4550 & the greatest daily price range this year has been $0.8500. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.5000000000000000000x.

Inghams  is in a short term uptrend with the support price @$3.811
Weighted Moving Average /
Inghams is in a short term uptrend with the support price @$3.811

[BULLISH]: Inghams currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.5%.

Inghams  opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day.
Open Tod Vs Close Tod /
Inghams opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day.

[BEARISH STRONG]: Inghams opened in the upper part of daily range at 100% & 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 37 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 14.1%. Over the last month there has been 3 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 21.4%.

ING: Price continues to move above the SWMA(5) @$3.794
Sine Weighted Moving Average /
ING: Price continues to move above the SWMA(5) @$3.794

[BULLISH]: Inghams 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 0.5%.

Low Price /
Recent trading for Inghams has surpassed the previous low by 1.3 %

[BEARISH]: Inghams current uptrend in the first timeframe. Currently, the Low is $3.85 (1.3 %).

MACD Volume /
[Bearish]: Inghams currently has negative Volume MACD histogram -126851

ING: Volume MACD Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH CROSSOVER (3) 19 Jun: BULLISH

Simple Moving Average /
Simple Moving Average(5) signal continues for Inghams indicating upward price movement is likely

[BULLISH]: Inghams 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 0.5%.

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

[BULLISH]: Inghams Elder Ray Index is signalling a Bullish movementERI is 0.085 indicating bull power. Prices are being driven above the consensus of value for ING during the last trading session [Buying Pressure]

Exponential Moving Average(5) signal continues for Inghams  indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Inghams indicating upward price movement is likely

[BULLISH]: Inghams currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.5%.

Closing price for ING is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for ING is still below the lower envelope signalling a bullish movement

[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 3.629.

Bear Belt-Hold /
Inghams : Bear Belt-Hold

[BEARISH]: Inghams has formed a new Bear Belt-Hold reversal pattern.

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