NHC | Australian Securities Exchange

New Hope
+ Share

CMF showing selling pressure & potential change in direction for NHC.AX
Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for NHC.AX

New Hope (ASX:NHC): Chaikin Oscillator Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH

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

[BULLISH]: New Hope currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -1.1%.

Daily Volume Index /
Traders are currently distributing New Hope

[BEARISH]: New Hope (ASX:NHC) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1443.

Rate of Change /
Rate of change(14) is increasing for New Hope

NHC: ROC Current Signal -> (1) 16 Nov: BULLISH (2) 15 Nov: BULLISH (3) 14 Nov: BULLISH

Sine Weighted Moving Average /
New Hope is in a short term uptrend with the closing price @$3.76

[BULLISH]: New Hope currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -1.1%.

Exponential Moving Average /
[Uptrend]: Recent trading for NHC indicates ST trend is likely to continue

[BULLISH]: New Hope currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -1.1%.

Donchian Band Oversold signal is still current for New Hope [Bullish]
Donchian Channels /
Donchian Band Oversold signal is still current for New Hope [Bullish]

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

Momentum /
New Hope currently has positive momentum of 0.54

[BULLISH]: New Hope currently has positive momentum of 0.54. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.1%. The largest upward momentum rally for the last 3 months is 6 days producing a return of 5.8%.

William %R Overbought signal continues for New Hope indicating downward price movement is likely
Williams %R /
William %R Overbought signal continues for New Hope indicating downward price movement is likely

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

Elders Force Index /
New Hope: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: New Hope current price has highlighted recent buying pressure. Currently, the Elders Force Index is 33456.

Accumulation / Distribution /
New Hope: Confirmation of stock accumulation

[BULLISH]: New Hope (ASX:NHC) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 102682.

Fibonacci Retracements /
New Hope: 0.618 Fibonacci Retraction (2.64)

New Hope: The current Fibonacci Retraction levels are: (23.61%) $3.71: (38.2%) $2.83: (50%) $2.74: (61.8%) $2.64The current support levels are: (78.6%) $2.51: (100%) $2.35: (138.2%) $2.06: (161.8%) $1.87: (261.8%) $1.1: (423.61%) $-0.14

The biggest downward movement for New Hope this month has been -2.7
Close Tod Vs Close Yest /
The biggest downward movement for New Hope this month has been -2.7

NHC: Recent performance signals ->(1) 16 Nov: NEUTRAL (2) 15 Nov: NEUTRAL (3) 14 Nov: BULLISH

New Hope: Volume MACD @122849 [Bullish]
MACD Volume /
New Hope: Volume MACD @122849 [Bullish]

[BULLISH]: New Hope currently has positive Volume MACD of 122849. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Woodie Pivot Point /
Woodie pivot point for NHC is bearish. Stoploss should be positioned @$3.883

New Hope has broken the first Woodie support point ($3.663) [Bearish]. Look for a short limit order entry near this point. Exit price for NHC should be set @$3.663 & short position stoploss for New Hope should be set at $3.883

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

[BEARISH]: New Hope opened in the lower part of daily range at 18.2% & closed in the lower part of the trading range at 27.3%. This suggests the buyers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. 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 lower price range giving a confirmation ratio of 8.3%.

Close Tod Vs Range Tod /
Daily trading for NHC indicated sellers are now in control

[BEARISH]: New Hope sellers in control. This is the first day of seller commitment for New Hope adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 1 trading day with the closing price in the lower part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the lower range giving a confirmation ratio of 8.3%. Currently this quarter, closing price has spent 1 day in the lower price range compared to 2 days in the upper range giving a ratio of 0.5x.

DPO for NHC has confirmed price is currently above the displaced moving average
Detrended Price Oscillator /
DPO for NHC has confirmed price is currently above the displaced moving average

NHC: DPO Recent Trading -> (1) 16 Nov: 0.1845 (2) 15 Nov: 0.1945 (3) 14 Nov: 0.164

[Short]: Entry price for NHC should be set @$3.7925
Demarks Pivot Points /
[Short]: Entry price for NHC should be set @$3.7925

New Hope has broken the first DeMark support point ($3.7925) [Bearish]. Look for a short limit order entry near this point. Exit price for NHC should be set @$3.7450 & short position stoploss for New Hope should be set at $3.855

New Hope: Ulcer Index 7.183 [High Stress]
Ulcer Index /
New Hope: Ulcer Index 7.183 [High Stress]

[BULLISH]: New Hope UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.183.

Triangular Moving Average /
[Bullish]: TMA(15) is serving as a support line for New Hope

[BULLISH]: New Hope currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -1.1%.

Percentage Volume /
Volume is still above the short term EMA for NHC [Bullish]

[BULLISH]: New Hope currently has positive PVO 7.24%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -1.1%.

Percentage Price /
New Hope currently has positive PPO 0.946

[BULLISH]: New Hope currently has positive PPO 0.946%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Weighted Moving Average /
Weighted Moving Average(15) 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 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -1.1%.

NHC Basic Candle: Short White
Short White Candle /
NHC Basic Candle: Short White

[BULLISH WEAK]: New Hope has formed a Short White candlestick. This means, NHC has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Stochastic Oversold signal is still current for New Hope [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for New Hope [Bullish]

NHC: Stochastic Oscillator Signal -> (1) 16 Nov: BULLISH (2) 15 Nov: BULLISH (3) 14 Nov: BULLISH

Camarilla Pivot Points /
[Short]: Entry price for NHC should be set @$3.131

New Hope has broken the first Camarilla support point ($3.131) [Bearish]. Look for a short limit order entry near this point. Exit price for NHC should be set @$3.131 & short position stoploss for New Hope should be set between $4.39 & $4.704

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