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

New Hope
+ Share

[Bullish]: New high has formed for NHC by 1.8 % during the last trading session
High Price /
[Bullish]: New high has formed for NHC by 1.8 % during the last trading session

[BULLISH]: New Hope current uptrend in the first timeframe. Currently, the HIGH is 1.8 %.

The SMA trend following signal is now active for New Hope [Bullish]
Simple Moving Average /
The SMA trend following signal is now active for New Hope [Bullish]

[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 0.9%.

Opening Price /
[Bearish]: Opening performance for NHC of -0.4 % was achieved in last trading session

[BEARISH]: New Hope opening price has gapped down. Currently, the OPEN is $2.24 (-0.4 %).

Rate of Change /
New Hope currently has negative rate of change for -7.317

NHC: ROC Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH CROSSOVER (3) 08 Dec: BEARISH CROSSOVER

Detrended Price Oscillator /
Price is currently above the displaced moving average for NHC [Bullish]

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

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

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

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Closing Price /
Strong price performance from NHC has seen a higher close of 0.9 % [Uptrend]

[BULLISH]: New Hope current uptrend in the first timeframe. Currently, the Close is $2.28.

NHC: Aroon oscillator has confirmed an uptrend @36
Aroon Oscillator /
NHC: Aroon oscillator has confirmed an uptrend @36

[BULLISH]: New Hope has a current ARO(25) of 36. This has change 0 points from yesterday.

New Hope: Daily volume performance is 203.6 [Uptrend]
Volume /
New Hope: Daily volume performance is 203.6 [Uptrend]

[BULLISH]: New Hope current volume uptrend in the first timeframe. Volume for NHC is376661 (203.6).

Demarks Pivot Points /
New Hope has moved above the R1 DeMark pivot point ($2.29) [Bullish]

New Hope has broken the first DeMark support point ($2.29) [Bearish]. Look for a short limit order entry near this point. Exit price for NHC should be set @$2.26 & short position stoploss for New Hope should be set at $2.34

Triangular Moving Average /
The TMA trend following signal is now active for New Hope [Bullish]

[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 0.9%.

Momentum /
New Hope: Momentum(5) Crossover

[BULLISH CROSSOVER]: New Hope currently has positive momentum of 0.01. 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 1 days producing a return of 2.3%%.

Recent trading highlights continued buying pressure is present for NHC
Elders Force Index /
Recent trading highlights continued buying pressure is present for NHC

[BULLISH]: New Hope current price has highlighted recent buying pressure. Currently, the Elders Force Index is 57601.

New Hope has broken below the 161.8% extension level ($3.33) [Bullish]
Fibonacci Extensions /
New Hope has broken below the 161.8% extension level ($3.33) [Bullish]

New Hope has moved below the 161.8% level ($3.33) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$2.76 & Stoploss for New Hope should be set at $3.9

MACD Volume /
The Volume MACD continues to fall below the signal line for NHC [Bearish]

NHC: Volume MACD Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH CROSSOVER (3) 08 Dec: BEARISH CROSSOVER

Range Tod Vs Range Yest /
Expanding price range of 33.3% on an uptick day for New Hope

[BULLISH]: New Hopebuyers are increasingly eager. This is the first day buyers have increased eagerness for NHC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.12. & the greatest daily price range this year has been $1.055. The price range ratio this week versus the quarterly price range is 0.8x & the price range ratio this month versus the year to date price range is 0.1x.

Pivot Points /
[Long]: Exit price for NHC should be set @$2.36

New Hope has broken the first resistance point ($2.32) [Bullish]. Look for a long limit order entry near this point. Exit price for NHC should be set @$2.36 & Stoploss for New Hope should be set between $2.2 & $2.16

The EMA trend following signal is now active for New Hope [Bullish]
Exponential Moving Average /
The EMA trend following signal is now active for New Hope [Bullish]

[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 0.9%.

Envelope bands Oversold signal is still current for New Hope [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for New Hope [Bullish]

[BULLISH]: New Hope current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.1280.

New Hope is no longer oversold with the William %R @-75
Williams %R /
New Hope is no longer oversold with the William %R @-75

NHC: William %R Recent Trading -> (1) 12 Dec: -75 (2) 11 Dec: -85.2 (3) 08 Dec: -78.6

Ease of Movement /
New Hope Ease of Movement is 0.637 [Difficult to Move]

NHC: EOM Current Signal -> (1) 12 Dec: BULLISH HARD (2) 11 Dec: NEUTRAL (3) 08 Dec: BULLISH HARD

Money Flow Index /
Buying pressure has led to a continued price extreme (overbought) for NHC

[BULLISH]: New Hope current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 98.19. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 40.93.

Open Tod Vs Close Tod /
Open/close reversal confirmed for New Hope signalling the buyers have lost commitment

[BULLISH WEAK]: New Hope opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 50%. This suggests the buyers have lost commitment. Over the last 12 months there has been 30 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 11.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 12.5%.

Coles Reaction Day /
[Bullish]: A higher high has been achieved for last trading day for NHC

NHC: CRD Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: NEUTRAL (3) 08 Dec: NEUTRAL

New Hope: Downtrend for the medium term trend is continued
Medium Trend /
New Hope: Downtrend for the medium term trend is continued

NHC: Medium Term Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH CONFIRM

New Hope continues positive divergence & potential shift in direction
Chaikin Money Flow /
New Hope continues positive divergence & potential shift in direction

[BULLISH]: New Hope current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.15. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.52

Percentage Price /
PPO: The shorter moving average for NHCis still above the longer term moving average

[BULLISH]: New Hope currently has positive PPO 1.900%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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