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

Neometals
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Neometals: Momentum(5) Crossover
Momentum /
Neometals: Momentum(5) Crossover

[BEARISH CROSSOVER]: Neometals currently has negative momentum of -0.0070 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.5000%.The largest downward momentum rally for the last 3 months is 11 days producing a return of -15.1%%.

Neometals is being actively distributed based on DVI
Daily Volume Index /
Neometals is being actively distributed based on DVI

[BEARISH]: Neometals current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1922.0000.

Percentage Price /
Neometals: Price Percentage Oscillator

NMT: PPO Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Neometals

[BULLISH]: Neometals current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.3135.

Percentage Volume /
The current volume for NMT is losing momentum through a fall against the short term EMA

[BEARISH]: Neometals currently has negative PVO -29.2000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.8%.

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.0030 indicating bull power

[BULLISH]: NeometalsElder Ray Index is signalling a Bullish movementERI is 0.0030 indicating bull power. Prices are being driven above the consensus of value for NMT during the last trading session [Buying Pressure]

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Volume /
Recent trading for Neometals fell short of the previous volume by -63.4

[BEARISH]: Neometals current volume downtrend in the first timeframe. Volume for NMT is104928 (-63.4).

Limit order for a short position has been identified for Neometals [Bearish]
Woodie Pivot Point /
Limit order for a short position has been identified for Neometals [Bearish]

Neometals has broken the first Woodie support point ($0.3220) [Bearish]. Look for a short limit order entry near this point. Exit price for NMT should be set @$0.3210 & short position stoploss for Neometals should be set at $0.3310

Neometals: Daily high performance is 0.0 % [Uptrend]
High Price /
Neometals: Daily high performance is 0.0 % [Uptrend]

NMT: HIGH Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: NEUTRAL (3) 18 Apr: BEARISH

Close Tod Vs Close Yest /
Closing price for NMT ($0.3250) signals sellers are now keener than buyers

NMT: Recent performance signals ->(1) 20 Apr: NEUTRAL (2) 19 Apr: BULLISH (3) 18 Apr: NEUTRAL

Bear Belt-Hold /
Neometals: Bear Belt-Hold

[BEARISH]: Neometals has formed a new Bear Belt-Hold reversal pattern.

Close Tod Vs Range Tod /
Trading for Neometals highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Neometals sellers in control. This is the first day of seller commitment for Neometals 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 111 trading days with the closing price in the lower part of the range giving a confirmation ratio of 42.2%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 4 days in the upper range giving a ratio of 1.5x.

Neometals: MACD @0.002000 [Bullish]
MACD /
Neometals: MACD @0.002000 [Bullish]

[BULLISH]: Neometals currently has positive MACD of 0.002000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.8%.

The TMA trend following signal is now active for Neometals [Bearish]
Triangular Moving Average /
The TMA trend following signal is now active for Neometals [Bearish]

[BEARISH]: Neometals currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.5%.

Low Price /
Low for NMT has surpassed the low of the previous trading session

NMT: LOW Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: NEUTRAL (3) 18 Apr: NEUTRAL

Average Directional Movement /
Neometals: Average Directional Index (27.2000)

[Trend]: ADX for NMT has confirmed a strong trend is presentNeometals has an ATR(14) of 0.0120, a DX of 11.7200 & an ADX(14) of 27.2000

Simple Moving Average /
The SMA trend following signal is now active for Neometals [Bearish]

[BULLISH]: Neometals currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.5%.

Open/close reversal: Sellers were in control for all the trading day for NMT
Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for NMT

[BEARISH STRONG]: Neometals opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 75 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 28.5%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 26.7%.

NMT: Stochastic Oscillator has traded below the overbought limit @66.7000
Stochastic Oscillator /
NMT: Stochastic Oscillator has traded below the overbought limit @66.7000

NMT: Stochastic Oscillator Signal -> (1) 20 Apr: BEARISH CROSSUNDER (2) 19 Apr: BULLISH CROSSOVER (3) 18 Apr: NEUTRAL

Neometals has broken the first DeMark resistance point ($0.3263) [Bullish]
Demarks Pivot Points /
Neometals has broken the first DeMark resistance point ($0.3263) [Bullish]

Neometals has broken the first DeMark resistance point ($0.3263) [Bullish]. Look for a long limit order entry near this point. Exit price for NMT should be set @$0.3280 & Stoploss for Neometals should be set at $0.3230

Exponential Moving Average /
Price is now trading below the Exponential Moving Average(5) for NMT

[BEARISH]: Neometals currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.5%.

Black Marubozu /
NMT Basic Candle: Black Marubozu

[BEARISH]: Neometals has formed a Black Marubozu candlestick. This means, NMT has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Aroon Oscillator /
[Downtrend]: Aroon oscillator (-36.0000) downtrend has been confirmed for NMT

NMT: Aroon Oscillator Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH STRONG (3) 18 Apr: BEARISH STRONG

Sine Weighted Moving Average /
The SWMA trend following signal is now active for Neometals [Bearish]

NMT: SWMA Recent Trading -> (1) 20 Apr: 0.327 (2) 19 Apr: 0.328 (3) 18 Apr: 0.328

Neometals: Daily opening price is $0.33
Opening Price /
Neometals: Daily opening price is $0.33

NMT: OPEN Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Neometals: Daily closing price is $0.3250 [Bearish]
Closing Price /
Neometals: Daily closing price is $0.3250 [Bearish]

[BEARISH]: Neometals current downtrend in the first timeframe. Currently, the Close is $0.3250.

Weighted Moving Average /
The WMA trend following signal is now active for Neometals [Bearish]

[BEARISH]: Neometals currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.5%.

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