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

Nzme
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NZM: Average True Range has confirmed an downtrend @0.018
Average True Range /
NZM: Average True Range has confirmed an downtrend @0.018

[Bearish]: Average True Range has confirmed an downtrend is present. Nzme has a TR of 0.01, and an ATR(14) of 0.018.

NZM: Closing price of $0.775 (0.6 %)
Closing Price /
NZM: Closing price of $0.775 (0.6 %)

[BULLISH]: Nzme current uptrend in the first timeframe. Currently, the Close is $0.775.

Open Tod Vs Close Tod /
Open/close reversal: Buyers have lost commitment during the trading day for Nzme

[BULLISH WEAK]: Nzme 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 26 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 10%. Over the last month there has been 3 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 37.5%.

Simple Moving Average /
[Bullish]: SMA(5) is serving as a support line for Nzme

NZM: SMA(5) Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

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

[BULLISH]: Nzme 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 0.6%.

Volume /
Nzme: Daily volume is 93031 [Lower Volume]

[BEARISH]: Nzme current volume downtrend in the first timeframe. Volume for NZM is93031 (-26.6).

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Elders Force Index /
Recent trading highlights initial selling pressure is present for NZM

[BEARISH]: Nzme current price has highlighted recent selling pressure. Currently, the Elders Force Index is -786.

Nzme: Current trading activity signals distribution is present
Accumulation / Distribution /
Nzme: Current trading activity signals distribution is present

NZM: ADLINE Recent Trading -> (1) 11 Jan: -176832 (2) 11 Jan: -52937 (3) 11 Jan: -4.58431e+006

No confirmation signal from the CMF indicator for NZM
Chaikin Money Flow /
No confirmation signal from the CMF indicator for NZM

NZM: Chaikin Oscillator Recent Trading -> (1) 11 Jan: -0.01 (2) 11 Jan: -0.19 (3) 11 Jan: -0.1

Stochastic Oscillator /
Nzme is now oversold with the Stochastic Oscillator @23.1

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

Weighted Moving Average /
The WMA trend following signal is still current for Nzme [Bullish]

[BULLISH]: Nzme 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 0.6%.

Medium Trend /
Nzme: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Nzme is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 47. The highest rally for the month is 8

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

[BEARISH]: Nzme currently has negative PVO -0.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Limit order for a long position has been identified for Nzme @$30.59
Fibonacci Extensions /
Limit order for a long position has been identified for Nzme @$30.59

Nzme has moved below the 161.8% level ($30.59) [Bullish]. Look for a long limit order entry near this point. Exit price for NZM should be set @$29.86 & Stoploss for Nzme should be set at $31.32

Percentage Price /
Nzme currently has negative PPO -1.000

NZM: PPO Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

On Balance Volume /
Nzme is being actively accumulated based on OBV

[BULLISH]: Nzme current price has highlighted recent accumulation. Currently, the OBV is 61627.

Range Tod Vs Range Yest /
Nzme: Sellers are still becoming increasingly eager.

NZM: Range today versus range yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH

Nzme has failed to achieve a lower high of $0.78 (-0.6 %)
High Price /
Nzme has failed to achieve a lower high of $0.78 (-0.6 %)

[BEARISH]: Nzme current downtrend in the first timeframe. Currently, the HIGH is -0.6 %.

Nzme: Daily opening performance is 0 % [Uptrend]
Opening Price /
Nzme: Daily opening performance is 0 % [Uptrend]

NZM: OPEN Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: NEUTRAL (3) 09 Jan: BEARISH

NZM has achieved a lower range ($0.01)
Price Range /
NZM has achieved a lower range ($0.01)

[BEARISH]: Nzme current downtrend in the first timeframe. Currently, the Range is $0.01.

Camarilla Pivot Points /
Short positions for Nzme should be set between $0.775 & $0.71

Nzme has broken the first Camarilla support point ($0.71) [Bearish]. Look for a short limit order entry near this point. Exit price for NZM should be set @$0.646 & short position stoploss for Nzme should be set between $0.904 & $0.969

Detrended Price Oscillator /
[Bearish]: Displaced moving average is now above the price for NZM

[BEARISH]: Nzme currently has a confirmed downtrend. Price is currently below the displaced moving average for NZMCurrently, the return on DPO20 is 0.6%.

Aroon Oscillator /
[Downtrend]: Aroon oscillator (-80) strong downtrend has been confirmed for NZM

[BEARISH]: Nzme has a current ARU(25) of 12 and a current ARD(25) of 92

Pivot Points /
Nzme: Pivot Point ($0.775)

Nzme has broken the first support point ($0.77) [Bearish]. Look for a short limit order entry near this point. Exit price for NZM should be set @$0.765 & short position stoploss for Nzme should be set between $0.785 & $0.79

Nzme: Closing price $0.775 is below the Lower Envelope Band ($0.7600)
Moving Average Envelope /
Nzme: Closing price $0.775 is below the Lower Envelope Band ($0.7600)

NZM: Envelope Bands Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Nzme: Volume MACD oscillator (-11217)
MACD Volume /
Nzme: Volume MACD oscillator (-11217)

[BEARISH CROSSOVER]: Nzme currently has negative Volume MACD of -11217. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Short White Candle /
NZM Basic Candle: Short White

[BULLISH WEAK]: Nzme has formed a Short White candlestick. This means, NZM 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.

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