Lynas Corporation

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LYC Basic Candle: Long Black

LYC Basic Candle: Long Black

[BEARISH]: Lynas Corporation has formed a Long Black candlestick. This means, LYC has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Lynas Corporation: Daily Performance (-3.3%.)

Lynas Corporation: Daily Performance (-3.3%.)

[BEARISH]: Lynas Corporationsellers are keener than buyers and are driving the price down. This is the first day of price decline for LYC adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.1 & the greatest daily negative change this year has been -5.4. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -28.2%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -6.2%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.7x. Over the last month the average daily downward movement has been -2.200000%

LYC: 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

[BEARISH STRONG]: Lynas Corporation opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 13.3%. This suggests the sellers were in control all day. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.1%. 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 16.7%.

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