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

New Hope
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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 is 270811 (23.0).

Weighted Moving Average(5) signal continues for New Hope indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for New Hope indicating upward price movement is likely

[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 0.4%.

Elder Ray Index /
[Buying Pressure]: ERI has increased for New Hope during the last trading session

[BULLISH]: New Hope Elder Ray Index is signalling a Bullish movementERI is 0.112 indicating bull power. Prices are being driven above the consensus of value for NHC during the last trading session [Buying Pressure]

Elders Force Index /
New Hope: Elders Force Index (2708.11)

[BULLISH]: New Hope current price has highlighted recent buying pressure. Currently, the Elders Force Index is 5093.

Daily Volume Index /
Recent trading signals New Hope is being accumulated

[BULLISH]: New Hope current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1576.

Medium Trend /
Second timeframe trend of New Hope remains as an Uptrend

NHC: Medium Term Recent Trading -> (1) 21 May: Uptrend (2) 18 May: Uptrend (3) 21 May: Uptrend

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Chaikin Money Flow /
New Hope: CMF(0.25)

[BULLISH]: New Hope current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.25. NHC received a confirmed CMF crossover days on the Apr 27 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.32 occurring on the Apr 27 2018.

OBV: Accumulation still active for New Hope
On Balance Volume /
OBV: Accumulation still active for New Hope

[BULLISH]: New Hope current price has highlighted recent accumulation. Currently, the OBV is 3.1011e+006.

Detrended Price for NHC has signalled bullish price movements are likely
Detrended Price Oscillator /
Detrended Price for NHC has signalled bullish price movements are likely

[BULLISH]: New Hope currently has a confirmed uptrend. Price is currently above the displaced moving average for NHC. Currently, the return on DPO20 is 0.4%.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for NHC has moved to the upper limit. Stoploss should be positioned @$0.15

New Hope has moved above the 161.8% level ($0.28) [Bearish]. Look for a short limit order entry near this point. Exit price for NHC should be set @$0.4 & short position stoploss for New Hope should be set at $0.15

Woodie Pivot Point /
New Hope has moved above the R1 Woodie pivot point ($2.516) [Bullish]

New Hope has broken the first Woodie resistance point ($2.516) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$2.533 & Stoploss for New Hope should be set at $2.473

Exponential Moving Average /
New Hope is in a short term uptrend with the support price @$2.4764

NHC: EMA(5) Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH CROSSOVER (3) 21 May: BEARISH

New Hope has moved above the R1 pivot point ($2.516) [Bullish]
Pivot Points /
New Hope has moved above the R1 pivot point ($2.516) [Bullish]

New Hope has broken the first resistance point ($2.516) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$2.533 & Stoploss for New Hope should be set between $2.473 & $2.456

Stochastic Overbought signal continues for New Hope indicating downward price movement is likely
Stochastic Oscillator /
Stochastic Overbought signal continues for New Hope indicating downward price movement is likely

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

Momentum /
Positive momentum for New Hope is a leading indicator for continued price rise

[BULLISH]: New Hope currently has positive momentum of 0.05. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.4%. The largest upward momentum rally for the last 3 months is 17 days producing a return of 15.6%.

Accumulation / Distribution /
Accumulation signal for New Hope is confirmed

[BULLISH]: New Hope current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.27166e+006.

Average Directional Movement /
New Hope: ADX(27.29) has signalled a strong trend is current

[Trend]: ADX for NHC has confirmed a strong trend is present. New Hope has an ATR(14) of 0.077, a DX of 46.35 & an ADX(14) of 27.29

New Hope: Daily opening price is $2.5
Opening Price /
New Hope: Daily opening price is $2.5

[BULLISH]: New Hope opening price has gapped up. Currently, the OPEN is $2.5 (0.0 %).

New Hope: Price Percentage Oscillator
Percentage Price /
New Hope: Price Percentage Oscillator

[BULLISH]: New Hope currently has positive PPO 4.161%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

New Hope has initiated a positive volume rate of change of 122
Volume Rate of Change /
New Hope has initiated a positive volume rate of change of 122

NHC: VROC Current Signal -> (1) 21 May: BULLISH CROSSOVER (2) 18 May: BEARISH CROSSOVER (3) 21 May: BEARISH CROSSOVER

Aroon Oscillator /
[Uptrend]: Aroon oscillator @72 has confirmed a strong uptrend for NHC

[BULLISH]: New Hope has a current ARU(25) of 96 and a current ARD(25) of 24

Relative Strength Index /
Relative Strength Overbought signal continues for New Hope indicating downward price movement is likely

[BEARISH]: New Hope is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @77.4

Percentage Volume /
[Bearish]: New Hope currently has negative PVO -0.57

[BEARISH]: New Hope currently has negative PVO -0.57%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

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

[BULLISH]: New Hopebuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for NHC adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 7.1 & the greatest daily positive change this year has been 7.1. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 13.5%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 7.7%. 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 1.1x. Over the last month the average daily upward movement has been 2.000000%

New Hope: Daily high performance (-0.4 %)
High Price /
New Hope: Daily high performance (-0.4 %)

[BEARISH]: New Hope current downtrend in the first timeframe. Currently, the HIGH is -0.4 %.

[Downtrend]: Average True Range @0.077 has confirmed an downtrend for NHC
Average True Range /
[Downtrend]: Average True Range @0.077 has confirmed an downtrend for NHC

[Bearish]: Average True Range has confirmed an downtrend is present. New Hope has a TR of 0.03, and an ATR(14) of 0.077.

Demarks Pivot Points /
[Long]: Exit price for NHC should be set @$2.515

New Hope has broken the first DeMark support point ($2.5025) [Bearish]. Look for a short limit order entry near this point. Exit price for NHC should be set @$2.4850 & short position stoploss for New Hope should be set at $2.515

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