[BULLISH]: Kogan is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
[BEARISH]: Kogan sellers in control. This is the first day of seller commitment for Kogan adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 81 trading days with the closing price in the lower part of the range giving a confirmation ratio of 30.8%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 23 days in the lower price range compared to 18 days in the upper range giving a ratio of 1.3x.
[Bearish]: Average True Range has confirmed an downtrend is present. Kogan has a TR of 0.26, and an ATR(14) of 0.43.
[BEARISH]: Kogan 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 -2.2%.
[BEARISH STRONG]: Kogan opened in the upper part of daily range at 69.2% & closed in the lower part of the trading range at 3.8%. This suggests the sellers were in control all day. Over the last 12 months there has been 56 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 21.3%. Over the last month there has been 5 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 33.3%.
Australian Stock Exchange
KGN: SMA Recent Trading -> (1) 22 Jun: 7.25 (2) 21 Jun: 7.322 (3) 20 Jun: 7.304
[BULLISH]: Kogan opening price has gapped up. Currently, the OPEN is $7.36 (2.6 %).
[BULLISH]: Kogan currently has positive PVO 7.08%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -21.5%.
Kogan Currently is a confirmed Fake Day. MFI indicator is up, volume is down for KGN. Trend continuation possible for KGN from reduced trading activity.
Kogan current pivot point (Woodie) is: $7.25. The current resistance levels are: (R1) $7.32: (R2) $7.51The current support levels are: (S1) $7.06: (S2) $6.99
[BEARISH]: Kogan has formed a new bearish Dark Cloud Cover reversal pattern. This means, KGN 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.
Kogan has broken the first DeMark resistance point ($7.2475) [Bullish]. Look for a long limit order entry near this point. Exit price for KGN should be set @$7.315 & Stoploss for Kogan should be set at $7.055
KGN: Aroon Oscillator Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH
KGN: William %R Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH
Kogan: The current Fibonacci Extension levels are: (23.61%) $7.66: (38.2%) $8.07: (50%) $8.4: (61.8%) $8.73The current support levels are: (78.6%) $9.2: (100%) $9.8: (138.2%) $10.87: (161.8%) $11.53: (261.8%) $14.33: (423.61%) $18.86
[BEARISH]: Kogan currently has a confirmed downtrend. Price is currently below the displaced moving average for KGN. Currently, the return on DPO20 is -2.2%.
[BEARISH]: Kogan current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.21. KGN received a confirmed CMF crossover days on the May 31 2018. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.26 occurring on the May 31 2018.
[BEARISH CROSSOVER]: Kogan currently has negative momentum of -0.36 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.2%.The largest downward momentum rally for the last 3 months is 13 days producing a return of -20.3%.
[BEARISH]: Kogan Elder Ray Index is signalling a Bearish movementERI is -0.449 indicating bear power. Prices are being driven below the consensus of value for KGN during the last trading session [Selling Pressure]