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

Nine Entertainment
+ Share

Market conditions are indicating OBV distribution is current for NEC
On Balance Volume /
Market conditions are indicating OBV distribution is current for NEC

[BEARISH]: Nine Entertainment current price has highlighted recent distribution. Currently, the OBV is -1.18515e+007.

Nine Entertainment Ease of Movement is -0.179 [Difficult to Move]
Ease of Movement /
Nine Entertainment Ease of Movement is -0.179 [Difficult to Move]

NEC: EOM Current Signal -> (1) 22 Jun: BEARISH HARD (2) 21 Jun: BULLISH HARD (3) 20 Jun: BEARISH HARD

Daily Volume Index /
DVI: Accumulation still active for Nine Entertainment

[BULLISH]: Nine Entertainment current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 13589.

Black Candle /
NEC Basic Candle: Black

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

Closing Price /
Close for NEC has not surpassed the close of the previous trading session

[BEARISH]: Nine Entertainment current downtrend in the first timeframe. Currently, the Close is $2.49.

Medium Trend /
Nine Entertainment has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Nine Entertainment is in an uptrend in the medium term timeframe. The current rally number is 41 & the highest rally count for the LTM is 187. The highest rally for the month is 15

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Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for NEC

NEC: Average Directional Index Recent Trading -> (1) 22 Jun: 30.55 (2) 21 Jun: 30.4 (3) 20 Jun: 28.56

Nine Entertainment: Stoploss for short position should be set at $2.563
Woodie Pivot Point /
Nine Entertainment: Stoploss for short position should be set at $2.563

Nine Entertainment has broken the first Woodie support point ($2.456) [Bearish]. Look for a short limit order entry near this point. Exit price for NEC should be set @$2.423 & short position stoploss for Nine Entertainment should be set at $2.563

Nine Entertainment: Detrended Price Oscillator(20) is 0.161
Detrended Price Oscillator /
Nine Entertainment: Detrended Price Oscillator(20) is 0.161

[BULLISH]: Nine Entertainment currently has a confirmed uptrend. Price is currently above the displaced moving average for NEC. Currently, the return on DPO20 is -2.0%.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong uptrend is intact for NEC

[BULLISH]: Nine Entertainment has a current ARO(25) of 60. This has change 0 points from yesterday.

Volume Rate of Change /
14-day volume rate of change is decreasing for Nine Entertainment

[BEARISH]: Nine Entertainment currently has negative rate of change of -51%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2%.

Triangular Moving Average /
Nine Entertainment is in a short term downtrend with the resistance price @$2.494

NEC: TMA Current Signal -> (1) 22 Jun: BEARISH CROSSOVER (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Envelope bands Oversold signal is still current for Nine Entertainment [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Nine Entertainment [Bullish]

NEC: Envelope Bands Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Recent trading for Nine Entertainment fell short of the previous volume by -50.2
Volume /
Recent trading for Nine Entertainment fell short of the previous volume by -50.2

[BEARISH]: Nine Entertainment current volume downtrend in the first timeframe. Volume for NEC is 2.24834e+006 (-50.2).

Price Range /
Range for NEC has surpassed the range of the previous trading session

[BULLISH]: Nine Entertainment current uptrend in the first timeframe. Currently, the Range is $0.07.

Close Tod Vs Close Yest /
The biggest downward movement for Nine Entertainment this month has been -2.0

NEC: Recent Performance ->(1) 22 Jun: -2.0% (2) 21 Jun: 0.8% (3) 20 Jun: 0.4%

Ulcer Index /
Nine Entertainment: Ulcer Index 1.408 [Low Stress]

[BEARISH]: Nine Entertainment UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.408.

Positive momentum: Price is trading higher for Nine Entertainment than 5 days ago
Momentum /
Positive momentum: Price is trading higher for Nine Entertainment than 5 days ago

[BULLISH]: Nine Entertainment currently has positive momentum of 0.03. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -2%. The largest upward momentum rally for the last 3 months is 12 days producing a return of 11.2%.

Nine Entertainment has broken the first support point ($2.456) [Bearish]
Pivot Points /
Nine Entertainment has broken the first support point ($2.456) [Bearish]

Nine Entertainment has broken the first support point ($2.456) [Bearish]. Look for a short limit order entry near this point. Exit price for NEC should be set @$2.423 & short position stoploss for Nine Entertainment should be set between $2.563 & $2.596

Rate of change continues to build for Nine Entertainment signalling a short term uptrend is likely
Rate of Change /
Rate of change continues to build for Nine Entertainment signalling a short term uptrend is likely

[BULLISH]: Nine Entertainment currently has positive rate of change of 4.622%. 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

Range Tod Vs Range Yest /
Nine Entertainment: Range Performance (27.3)

[BEARISH]: Nine Entertainment sellers are increasingly eager. There has been 2 consecutive days of range increase for NEC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2500 & the greatest daily price range this year has been $1.1650. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.2x.

Williams %R /
Nine Entertainment is no longer overbought and normal trading conditions are resumed

NEC: William %R Recent Trading -> (1) 22 Jun: -36 (2) 21 Jun: -16 (3) 20 Jun: -20

Elders Force Index /
Nine Entertainment: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Nine Entertainment current price has highlighted recent buying pressure. Currently, the Elders Force Index is 31743.

Average True Range /
Daily trading has confirmed an ATR uptrend (0.067) for Nine Entertainment

[Bullish]: Average True Range has confirmed an uptrend is present. Nine Entertainment has a TR of 0.08, and an ATR(14) of 0.067.

Nine Entertainment is still above the 61.8% retracement level ($2.32) [Bullish]
Fibonacci Retracements /
Nine Entertainment is still above the 61.8% retracement level ($2.32) [Bullish]

Nine Entertainment is still above the 61.8% retracement level ($2.32) [Bullish]. Look for a long limit order entry near this point. Exit price for NEC should be set @$2.99 & Stoploss for Nine Entertainment should be set between $2.94

The daily range for Nine Entertainment has achieved a lower low [Downtrend]
Short Trend /
The daily range for Nine Entertainment has achieved a lower low [Downtrend]

[BEARISH]: Nine Entertainment is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Long Trend /
Recent trading indicates a continuation in T3 upward trend direction NEC [Uptrend]

[BULLISH]: Nine Entertainment has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 26 2018.

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