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

New Hope
+ Share

[Bullish]: New high has formed for NHC by 2.2 % during the last trading session
High Price /
[Bullish]: New high has formed for NHC by 2.2 % during the last trading session

NHC: HIGH Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

[Long]: Entry price for NHC should be set @$2.3
Pivot Points /
[Long]: Entry price for NHC should be set @$2.3

New Hope has broken the first resistance point ($2.3) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$2.33 & Stoploss for New Hope should be set between $2.19 & $2.16

Open Tod Vs Close Tod /
Open/close reversal confirmed for New Hope signalling the buyers were in control all day.

[BULLISH STRONG]: New Hope opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 71.4%. 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 3 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 23.1%.

MACD Volume /
The Volume MACD for NHC is gaining momentum through a rise on the short term EMA

NHC: Volume MACD Recent Trading -> (1) 20 Feb: 15293 (2) 19 Feb: 16751 (3) 16 Feb: 33521

Range Tod Vs Range Yest /
The biggest price range this month for NHC has been $0.54

NHC: Range today versus range yesterday Current Signal ->(1) 20 Feb: BULLISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

Accumulation / Distribution /
NHC: Current trading activity signals distribution is active

NHC: ADLINE Recent Trading -> (1) 20 Feb: -1.19266e+006 (2) 19 Feb: -1.32155e+006 (3) 16 Feb: -1.25347e+006

[Bear Power]: Prices are being driven below the consensus of value for NHC during the last trading session
Elder Ray Index /
[Bear Power]: Prices are being driven below the consensus of value for NHC during the last trading session

[BEARISH]: New HopeElder Ray Index is signalling a Bearish movementERI is -0.091 indicating bear power. Prices are being driven below the consensus of value for NHC during the last trading session [Selling Pressure]

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Medium Trend /
Daily trading has maintained an Uptrend medium trend for New Hope

[BULLISH]: New Hope has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Feb 19 2018.

Negative momentum on the MACD histogram for NHC is maintained & supports a bearish move is likely
MACD /
Negative momentum on the MACD histogram for NHC is maintained & supports a bearish move is likely

[BEARISH]: New Hope currently has negative MACD of -0.034000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -5.9%.

New Hope: Aroon oscillator (-32) has confirmed a downtrend is present
Aroon Oscillator /
New Hope: Aroon oscillator (-32) has confirmed a downtrend is present

[BEARISH]: New Hope has a current ARU(25) of 52 and a current ARD(25) of 84

Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for New Hope

[BULLISH]: New Hope currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.7%.

Volume Rate of Change /
Positive VROC confirmation for New Hope is a leading indicator for continued price rise

[BULLISH CROSSOVER]: New Hope currently has positive volume of change of 83%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.7%.

Average True Range /
Daily bar has confirmed has confirmed an ATR downtrend is intact for NHC

[Bearish]: Average True Range has confirmed an downtrend is present. New Hope has a TR of 0.08, and an ATR(14) of 0.1.

NHC Basic Candle: White Opening Marubozu
White Opening Marubozu /
NHC Basic Candle: White Opening Marubozu

[BULLISH]: New Hope has formed a White Opening Marubozu candlestick. This means, NHC has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Market conditions are indicating DVI distribution is current for NHC
Daily Volume Index /
Market conditions are indicating DVI distribution is current for NHC

[BEARISH]: New Hope current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(5) for NHC

NHC: SWMA Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 16 Feb: NEUTRAL

Exponential Moving Average /
New Hope is in a short term uptrend with the closing price @$2.27

[BULLISH]: New Hope 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 2.7%.

Closing Price /
New Hope: Daily performance is 2.7 % [Uptrend]

NHC: CLOSE Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

New Hope is in a short term uptrend with the support price @$2.206
Simple Moving Average /
New Hope is in a short term uptrend with the support price @$2.206

[BEARISH]: New Hope 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 2.7%.

Volume for NHC has surpassed the volume of the previous trading session
Volume /
Volume for NHC has surpassed the volume of the previous trading session

[BULLISH]: New Hope current volume uptrend in the first timeframe. Volume for NHC is300748 (120.9).

NHC: Short term trend has confirmed a rally day
Coles Reaction Day /
NHC: Short term trend has confirmed a rally day

New Hope: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for NHC

Rate of Change /
New Hope currently has negative rate of change for -9.921

[BEARISH]: New Hope currently has negative rate of change of -9.9%. 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

Low Price /
New Hope: Daily low price is $2.22 [Lower Low]

[BEARISH]: New Hope current uptrend in the first timeframe. Currently, the Low is $2.22 (0.9 %).

Close Tod Vs Range Tod /
Buyers of New Hope were in control at the market close.

[BULLISH]: New Hope buyers are in control at the market close. This is the first day of buyer commitment for New Hope 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 124 trading days with the closing price in the upper part of the range giving a confirmation ratio of 48.4%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 23.1%. Currently this quarter, closing price has spent 7 days in the upper price range compared to 7 days in the lower range giving a ratio of 1x.

Elders Force Index /
Bearish conditions for NHC are likely to continue based on EFI (-20346)

[BEARISH]: New Hope current price has highlighted recent selling pressure. Currently, the Elders Force Index is -20346.

New Hope: Daily opening performance is 0 % [Uptrend]
Opening Price /
New Hope: Daily opening performance is 0 % [Uptrend]

[BULLISH]: New Hope opening price has gapped up. Currently, the OPEN is $2.22 (0 %).

[High Stress]: High drawdown associated with recent trading of NHC
Ulcer Index /
[High Stress]: High drawdown associated with recent trading of NHC

[BULLISH]: New Hope UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 11.023.

Woodie Pivot Point /
[Long]: Limit orders for New Hope should be set at $2.304

New Hope has broken the first Woodie resistance point ($2.304) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$2.332 & Stoploss for New Hope should be set at $2.192

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