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

Netcomm
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A short term Hook Reversal has formed with Netcomm
Hook Reversal /
A short term Hook Reversal has formed with Netcomm

[BULLISH]: A short term Hook Reversal has formed with Netcomm which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 6 occurrences of this bar reversal giving a signal probability of 2.3%.

Stochastic Oscillator for NTC has crossed above the oversold limit triggering a neutral signal
Stochastic Oscillator /
Stochastic Oscillator for NTC has crossed above the oversold limit triggering a neutral signal

NTC: Stochastic Oscillator Signal -> (1) 21 Jun: BULLISH CROSSUNDER (2) 20 Jun: BEARISH CROSSOVER (3) 19 Jun: NEUTRAL

Chaikin Money Flow /
CMF signal undefined from zero line for NTC

NTC: Chaikin Oscillator Current Signal -> (1) 21 Jun: NEUTRAL (2) 20 Jun: BEARISH CROSSOVER (3) 19 Jun: NEUTRAL

Short White Candle /
NTC Basic Candle: Short White

[BULLISH WEAK]: Netcomm has formed a Short White candlestick. This means, NTC 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.

Volume Rate of Change /
VROC continues to rise for Netcomm signalling an uptrend will persist

[BULLISH]: Netcomm currently has positive volume of change of 208%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 4%.

Momentum /
Negative momentum for NTC is a leading indicator for continued price falls

[BEARISH]: Netcomm currently has negative momentum of -0.13 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 4%.The largest downward momentum rally for the last 3 months is 13 days producing a return of -13.2%.

Weaker price performance from NTC has seen a lower high of -2.1 % [Downtrend]
High Price /
Weaker price performance from NTC has seen a lower high of -2.1 % [Downtrend]

[BEARISH]: Netcomm current downtrend in the first timeframe. Currently, the HIGH is -2.1 %.

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Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Netcomm indicating downward price movement is likely

[BEARISH]: Netcomm currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 4.0%.

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

[BEARISH]: Netcomm 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 4.0%.

Netcomm currently has negative PPO -1.67
Percentage Price /
Netcomm currently has negative PPO -1.67

NTC: PPO Current Signal -> (1) 21 Jun: BEARISH (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Netcomm indicating downward price movement is likely

[BEARISH]: Netcomm 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 4.0%.

Bull Harami /
Netcomm: Bull Harami

[BULLISH]: Netcomm has formed a new Bull Harami reversal pattern.

Close Tod Vs Close Yest /
The biggest upward movement for Netcomm this month has been 14.5

NTC: Recent performance signals ->(1) 21 Jun: BULLISH (2) 20 Jun: NEUTRAL (3) 19 Jun: NEUTRAL

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

[BULLISH]: Netcomm currently has positive PVO 21.22%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -2.6%.

Strong price performance from NTC has seen a lower low of 1.8 % [Uptrend]
Low Price /
Strong price performance from NTC has seen a lower low of 1.8 % [Uptrend]

[BEARISH]: Netcomm current uptrend in the first timeframe. Currently, the Low is $1.13 (1.8 %).

Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for NTC

[BEARISH]: Netcomm 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 4.0%.

Fibonacci Fans /
Netcomm: Look for a long limit order entry @$0

Netcomm is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for NTC should be set @$3.06 & Stoploss for Netcomm should be set between $2.78

Closing Price /
Strong price performance from NTC has seen a higher close of 4.0 % [Uptrend]

NTC: CLOSE Recent Trading -> (1) 21 Jun: 1.17 (2) 20 Jun: 1.125 (3) 19 Jun: 1.19

Netcomm has broken above the 161.8% extension level ($0) [Bearish]
Fibonacci Extensions /
Netcomm has broken above the 161.8% extension level ($0) [Bearish]

Netcomm has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for NTC should be set @$0 & short position stoploss for Netcomm should be set at $0

Recent trading has confirmed a Fake Day for Netcomm
Bill Williams Market Facilitation /
Recent trading has confirmed a Fake Day for Netcomm

Netcomm Currently is a confirmed Fake Day. MFI indicator is up, volume is down for NTC. Trend continuation possible for NTC from reduced trading activity.

Netcomm: Confirmation of stock distribution
On Balance Volume /
Netcomm: Confirmation of stock distribution

[BEARISH]: Netcomm current price has highlighted recent distribution. Currently, the OBV is -2.57389e+006.

MACD /
Positive momentum on the MACD histogram for NTC is maintained & supports a bullish move is likely

[BULLISH]: Netcomm currently has positive MACD of 0.0029. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -10.1%.

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of NTC

NTC: UIX Current Signal -> (1) 21 Jun: High stress (2) 20 Jun: High stress (3) 19 Jun: High stress

Woodie Pivot Point /
Netcomm has broken the first Woodie resistance point ($1.192) [Bullish]

Netcomm has broken the first Woodie resistance point ($1.192) [Bullish]. Look for a long limit order entry near this point. Exit price for NTC should be set @$1.206 & Stoploss for Netcomm should be set at $1.116

Close Tod Vs Range Tod /
NTC: Over the last 12 months there has been 54 trading days with the closing price in the upper part of the range giving a confirmation ratio of 20.5%.

[BULLISH]: Netcomm buyers are in control at the market close. This is the first day of buyer commitment for Netcomm adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 54 trading days with the closing price in the upper part of the range giving a confirmation ratio of 20.5%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 21.4%. Currently this quarter, closing price has spent 17 days in the upper price range compared to 27 days in the lower range giving a ratio of 0.6x.

DPO for NTC has confirmed price is currently below the displaced moving average
Detrended Price Oscillator /
DPO for NTC has confirmed price is currently below the displaced moving average

[BEARISH]: Netcomm currently has a confirmed downtrend. Price is currently below the displaced moving average for NTC. Currently, the return on DPO20 is 4.0%.

Distribution still active for Netcomm
Accumulation / Distribution /
Distribution still active for Netcomm

[BEARISH]: Netcomm current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -244146.

Elder Ray Index /
Netcomm: Bull power (-0.021) & Bear power (-0.066)

[BEARISH]: Netcomm Elder Ray Index is signalling a Bearish movementERI is -0.066 indicating bear power. Prices are being driven below the consensus of value for NTC during the last trading session [Selling Pressure]

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