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

Nzme
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Nzme Ease of Movement is 0.061 [Difficult to Move]
Ease of Movement /
Nzme Ease of Movement is 0.061 [Difficult to Move]

NZM: EOM Current Signal -> (1) 24 May: BULLISH HARD (2) 23 May: BEARISH HARD (3) 22 May: BULLISH HARD

Stochastic oversold signal had been maintained for Nzme
Stochastic Oscillator /
Stochastic oversold signal had been maintained for Nzme

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

Close Tod Vs Close Yest /
Closing price for NZM ($0.775) signals buyers are now keener than sellers

NZM: Recent performance signals ->(1) 24 May: BULLISH (2) 23 May: NEUTRAL (3) 22 May: BULLISH

Money Flow Index /
The MFI for NZM has returned to normal money flow

[NEUTRAL]: Nzme current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 23.54. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 75.04.

Range Tod Vs Range Yest /
Expanding price range for NZM signalling buyers are now becoming more eager

[BULLISH]: Nzme buyers are increasingly eager. This is the first day buyers have increased eagerness for NZM adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0400. & the greatest daily price range this year has been $0.1600. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.3x.

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

[BULLISH]: Nzme current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.7505.

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Detrended Price Oscillator /
The simple moving average and past price for NZM has confirmed bearish trading conditions

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

Price for NZM has opened stronger than close of the previous trading session
Opening Price /
Price for NZM has opened stronger than close of the previous trading session

[BULLISH]: Nzme opening price has gapped up. Currently, the OPEN is $0.775 (0.0 %).

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

[BEARISH]: Nzme current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -108.

Average Directional Movement /
[Strong Trend]: Average Directional Index (26.51) strong trend has been confirmed for NZM

[Trend]: ADX for NZM has confirmed a strong trend is present. Nzme has an ATR(14) of 0.017, a DX of 34.15 & an ADX(14) of 26.51

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

[BEARISH]: Nzme currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.6%.The largest downward momentum rally for the last 3 months is 7 days producing a return of -3.2%.

Volume /
[Bearish]: Lower volume has formed for NZM by -91.8 during the last trading session

[BEARISH]: Nzme current volume downtrend in the first timeframe. Volume for NZM is 41245 (-91.8).

Positive ROC: Price is now trading higher for Nzme than 14 days ago
Rate of Change /
Positive ROC: Price is now trading higher for Nzme than 14 days ago

[BULLISH CROSSOVER]: Nzme currently has positive rate of change of 0.649%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

NZM: Percentage Volume Oscillator [Bullish]
Percentage Volume /
NZM: Percentage Volume Oscillator [Bullish]

[BULLISH]: Nzme currently has positive PVO 28.26%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.6%.

Fibonacci Extensions /
Nzme has moved below the 161.8% extension level ($4.74) [Bullish]

Nzme has moved below the 161.8% level ($4.74) [Bullish]. Look for a long limit order entry near this point. Exit price for NZM should be set @$4.43 & Stoploss for Nzme should be set at $5.05

Volume Rate of Change /
Negative VROC: Volume is now lower for Nzme than 14 days ago

NZM: VROC Current Signal -> (1) 24 May: BEARISH CROSSOVER (2) 23 May: BULLISH (3) 22 May: BULLISH

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for NZM

[BEARISH]: Nzme 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 0.6%.

Nzme: Uptrend for the medium term trend is continued
Medium Trend /
Nzme: Uptrend for the medium term trend is continued

[BULLISH]: Nzme has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Mar 23 2018.

[Downtrend]: Recent trading for NZM indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Downtrend]: Recent trading for NZM indicates ST trend is likely to continue

[BEARISH]: Nzme 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 0.6%.

Nzme: Bull Harami
Bull Harami /
Nzme: Bull Harami

NZM: Reversal (Weak) Candlestick Current Signal -> (1) 24 May: BULLISH (2) 23 May: NEUTRAL (3) 22 May: NEUTRAL

Elders Force Index /
Nzme: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Nzme current price has highlighted recent selling pressure. Currently, the Elders Force Index is -493.

Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for NZM

[BEARISH]: Nzme Elder Ray Index is signalling a Bearish movementERI is -0.01 indicating bear power. Prices are being driven below the consensus of value for NZM during the last trading session [Selling Pressure]

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Nzme

[BEARISH]: Nzme UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.969.

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

NZM: OBV Current Signal ->(1) 24 May: BULLISH (2) 23 May: BULLISH (3) 22 May: BULLISH

Stoploss for Nzme should be set between $0.7650 & $0.76
Pivot Points /
Stoploss for Nzme should be set between $0.7650 & $0.76

Nzme has broken the first resistance point ($0.78) [Bullish]. Look for a long limit order entry near this point. Exit price for NZM should be set @$0.785 & Stoploss for Nzme should be set between $0.765 & $0.76

Nzme: Volume MACD oscillator (27701)
MACD Volume /
Nzme: Volume MACD oscillator (27701)

[BULLISH]: Nzme currently has positive Volume MACD of 27701. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

MACD /
Negative momentum on the MACD histogram for NZM is maintained & supports a bearish move is likely

NZM: MACD Recent Trading -> (1) 24 May: -0.0006 (2) 23 May: -0.0006 (3) 22 May: 0.0006

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