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

New Hope
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Dividends for NHC were last paid to shareholders on the Apr 18 2017
Ex-Dividend /
Dividends for NHC were last paid to shareholders on the Apr 18 2017

The last ex-dividend date recorded for NHC occurred on the Apr 18 2017. This event was 185 days from the current trading day.

Closing price for NHC is still above the upper envelope signalling a bearish movement
Moving Average Envelope /
Closing price for NHC is still above the upper envelope signalling a bearish movement

[BEARISH]: New Hope current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 2.0055.

Relative Strength Index /
Relative Strength Index for NHC has crossed below the overbought limit triggering a neutral signal

NHC: RSI Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BULLISH CROSSOVER (3) 18 Oct: NEUTRAL

VALUE /
New Hope: P/E ratio is 134.67

New Hope Key financial metrics: (1) EPS: $0.17 (2) P/E Ratio: 134.67

Pivot Points /
Limit order for a long position has been identified for New Hope [Bullish]

New Hope has broken the first resistance point ($2.04) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$2.06 & Stoploss for New Hope should be set between $1.98 & $1.96

Detrended Price Oscillator /
The simple moving average and past price for NHC has confirmed bullish trading conditions

[BULLISH]: New Hope currently has a confirmed uptrend. Price is currently above the displaced moving average for NHCCurrently, the return on DPO20 is 0.2%.

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

[BULLISH]: New Hope currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.2%.

New Hope: Price-Sales ratio is 2.48
PROFIT /
New Hope: Price-Sales ratio is 2.48

New Hope Key financial metrics: (1) Revenue: $676.63M (2) EBITDA: $143.68M (3) Price-Sales ratio: 2.48

Daily trading performance for NHC has continued a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for NHC has continued a short term uptrend

[BULLISH]: New Hopebuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for NHC adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.6 & the greatest daily positive change this year has been 4.5. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 6.1%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 4.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.3x. Over the last month the average daily upward movement has been 0.9%

GROWTH /
The current PEG ratio of New Hope is 134.67

New Hope Key financial metrics: (1) Book Value: $2.17 (2) Market-to-Book ratio: 0.93 (3) PEG Ratio: 134.67

Daily Volume Index /
New Hope is being actively distributed based on DVI

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

Dark Cloud Cover /
New Hope (NHC): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: New Hope has formed a new bearish Dark Cloud Cover reversal pattern. This means, NHC 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.

Stoploss for New Hope should be set between $1.99
Demarks Pivot Points /
Stoploss for New Hope should be set between $1.99

New Hope has broken the first DeMark resistance point ($2.015) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$2.03 & Stoploss for New Hope should be set at $1.99

New Hope is in a short term uptrend with the support price @$2.00202
Exponential Moving Average /
New Hope is in a short term uptrend with the support price @$2.00202

[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 0.2%.

Ulcer Index /
Ulcer index has fallen as the price rises for New Hope

[BEARISH]: New Hope UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.435.

Stochastic Oscillator /
New Hope is no longer overbought and normal trading conditions are resumed

[BEARISH]: New Hope is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

On Balance Volume /
New Hope: Current trading activity signals OBV accumulation is present

[BULLISH]: New Hope current price has highlighted recent accumulation. Currently, the OBV is 835107.

14-day rate of change is increasing for New Hope
Rate of Change /
14-day rate of change is increasing for New Hope

NHC: ROC Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

New Hope has signalled an ATR trend present [Downtrend]
Average True Range /
New Hope has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. New Hope has a TR of 0.04, and an ATR(14) of 0.048.

New Hope: Coles Rally Day has been confirmed
Coles Reaction Day /
New Hope: Coles Rally Day has been confirmed

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

Closing Price /
Close for NHC has surpassed the close of the previous trading session

NHC: CLOSE Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Fibonacci Extensions /
Limit order for a long position has been identified for New Hope @$7.05

New Hope has moved below the 161.8% level ($7.05) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$6.26 & Stoploss for New Hope should be set at $7.84

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for New Hope

[BEARISH WEAK]: New Hope opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 50%. This suggests the sellers have lost commitment. Over the last 12 months there has been 12 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 13.5%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 20%.

Percentage Price /
New Hope: Price Percentage Oscillator

[BULLISH]: New Hope currently has positive PPO 3.200%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

NHC has achieved a lower range ($0.04)
Price Range /
NHC has achieved a lower range ($0.04)

[BEARISH]: New Hope current downtrend in the first timeframe. Currently, the Range is $0.04.

William %R overbought signal had been cancelled for New Hope
Williams %R /
William %R overbought signal had been cancelled for New Hope

[BULLISH]: New Hope is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Low Price /
Strong price performance from NHC has seen a lower low of 1.5 % [Uptrend]

[BEARISH]: New Hope current uptrend in the first timeframe. Currently, the Low is $2 (1.5 %).

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