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

Nine Entertainment
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Nine Entertainment has broken the first DeMark resistance point ($1.65125) [Bullish]
Demarks Pivot Points /
Nine Entertainment has broken the first DeMark resistance point ($1.65125) [Bullish]

Nine Entertainment has broken the first DeMark resistance point ($1.65125) [Bullish]. Look for a long limit order entry near this point. Exit price for NEC should be set @$1.683 & Stoploss for Nine Entertainment should be set at $1.638

Nine Entertainment continues positive divergence & potential shift in direction
Chaikin Money Flow /
Nine Entertainment continues positive divergence & potential shift in direction

[BULLISH]: Nine Entertainment current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.13. The bullish signal has been active for 3 days. During the quarter, the highest CMF value was 0.14

Elder Ray Index /
Buying pressure for NEC highlights ability of buyers to drive the price upwards

[BULLISH]: Nine EntertainmentElder Ray Index is signalling a Bullish movementERI is 0.041 indicating bull power. Prices are being driven above the consensus of value for NEC during the last trading session [Buying Pressure]

Triangular Moving Average /
Nine Entertainment is in a short term uptrend with the closing price @$1.655

NEC: TMA Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 20 Feb: BEARISH

Close Tod Vs Range Tod /
NEC: Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 38.5%.

[BULLISH]: Nine Entertainment buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Nine Entertainment adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 95 trading days with the closing price in the upper part of the range giving a confirmation ratio of 37.1%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 38.5%. Currently this quarter, closing price has spent 9 days in the upper price range compared to 3 days in the lower range giving a ratio of 3x.

Price Range /
Nine Entertainment: Daily price range is 0.045 [Downtrend]

[BEARISH]: Nine Entertainment current downtrend in the first timeframe. Currently, the Range is $0.045.

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Detrended Price Oscillator /
Bullish trading conditions for Nine Entertainment has been signalled from the DPO (0.0495)

[BULLISH]: Nine Entertainment currently has a confirmed uptrend. Price is currently above the displaced moving average for NECCurrently, the return on DPO20 is 0.9%.

[Long]: Limit orders for Nine Entertainment should be set at $1.674
Pivot Points /
[Long]: Limit orders for Nine Entertainment should be set at $1.674

Nine Entertainment has broken the first resistance point ($1.674) [Bullish]. Look for a long limit order entry near this point. Exit price for NEC should be set @$1.692 & Stoploss for Nine Entertainment should be set between $1.602 & $1.584

Nine Entertainment: Rate of Change (14)
Rate of Change /
Nine Entertainment: Rate of Change (14)

NEC: ROC Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 20 Feb: BULLISH

Average Directional Movement /
Nine Entertainment: Average Directional Index (13.67) has confirmed a weak trend is present

[Weak Trend]: ADX for NEC has confirmed a weak trend is presentNine Entertainment has an ATR(14) of 0.044, a DX of 4.39 & an ADX(14) of 13.67

Sine Weighted Moving Average /
[Bullish]: Trend following indicator for NEC highlights upward price direction is likely

[BULLISH]: Nine Entertainment 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 0.9%.

Pivot Reversal /
A short term Pivot Reversal has formed with Nine Entertainment

NEC: Bar Reversal Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 20 Feb: NEUTRAL

Volume MACD for Nine Entertainment continues to lose momentum @-179040)
MACD Volume /
Volume MACD for Nine Entertainment continues to lose momentum @-179040)

[BEARISH]: Nine Entertainment currently has negative Volume MACD of -179040. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Elders Force Index (-6260) has signalled bearish conditions in recent trading for NEC
Elders Force Index /
Elders Force Index (-6260) has signalled bearish conditions in recent trading for NEC

[BEARISH]: Nine Entertainment current price has highlighted recent selling pressure. Currently, the Elders Force Index is -6260.

Ease of Movement /
NEC was difficult to move upward during the last trading day indicating a ST uptrend

NEC: EOM Current Signal -> (1) 20 Feb: BULLISH HARD (2) 19 Feb: BEARISH HARD (3) 20 Feb: BULLISH HARD

Fibonacci Extensions /
The 161.8% Fibonacci extension level for NEC has moved to the lower limit. Stoploss should be positioned @$4.24

Nine Entertainment has moved below the 161.8% level ($3.81) [Bullish]. Look for a long limit order entry near this point. Exit price for NEC should be set @$3.38 & Stoploss for Nine Entertainment should be set at $4.24

Simple Moving Average /
Nine Entertainment is in a short term uptrend with the closing price @$1.655

[BEARISH]: Nine Entertainment 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 0.9%.

Momentum(5) is increasing for Nine Entertainment
Momentum /
Momentum(5) is increasing for Nine Entertainment

[BULLISH]: Nine Entertainment currently has positive momentum of 0.075. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.9%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 2.1%%.

Negative VROC for Nine Entertainment is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC for Nine Entertainment is a leading indicator for continued price fall

[BEARISH]: Nine Entertainment currently has negative rate of change of -55%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.9%.

Drawdown for Nine Entertainment is currently low signalling low stress
Ulcer Index /
Drawdown for Nine Entertainment is currently low signalling low stress

[BEARISH]: Nine Entertainment UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.712.

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for NEC

[BULLISH]: Nine Entertainment 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 0.9%.

Bill Williams Market Facilitation /
Trend continuation possible for NEC from reduced trading activity

Nine Entertainment Currently is a confirmed Fake Day. MFI indicator is up, volume is down for NEC. Trend continuation possible for NEC from reduced trading activity.

Open Tod Vs Close Tod /
Open/close reversal: Buyers were in control of trading all day for NEC

[BULLISH STRONG]: Nine Entertainment opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 77.8%. This suggests the buyers were in control all day. Over the last 12 months there has been 32 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 12.5%. Over the last month there has been 0 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 0%.

Two White Soldiers /
Nine Entertainment: Two White Soldiers

[BULLISH]: Nine Entertainment has formed a new Two White Soldiers pattern.

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

[BULLISH]: Nine Entertainment has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Feb 14 2018.

Nine Entertainment: Daily performance is 0.9 % [Uptrend]
Closing Price /
Nine Entertainment: Daily performance is 0.9 % [Uptrend]

[BULLISH]: Nine Entertainment current uptrend in the first timeframe. Currently, the Close is $1.655.

Percentage Price /
The current price is still gaining momentum through a rise for NEC on the short term EMA.

[BULLISH]: Nine Entertainment currently has positive PPO 0.600%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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