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

Oz Minerals
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OZL: Price continues to move above the TMA(5) @$8.93
Triangular Moving Average /
OZL: Price continues to move above the TMA(5) @$8.93

[BULLISH]: Oz Minerals currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -2.2%.

Envelope bands Oversold signal is still current for Oz Minerals [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Oz Minerals [Bullish]

[BULLISH]: Oz Minerals current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 8.5975.

Close Tod Vs Range Tod /
Currently this quarter, closing price for OZL has spent 4 days in the lower price range

[BEARISH]: Oz Minerals sellers in control. This is the first day of seller commitment for Oz Minerals 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 80 trading days with the closing price in the lower part of the range giving a confirmation ratio of 31.3%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 15.4%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 8 days in the upper range giving a ratio of 0.5x.

Medium Trend /
OZL: Medium term trend is still an Downtrend

[BEARISH]: Oz Minerals has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Feb 16 2018.

Rate of Change /
Oz Minerals currently has negative rate of change for -3.957

OZL: ROC Recent Trading -> (1) 20 Feb: -3.957 (2) 19 Feb: -2.34 (3) 16 Feb: 0

Aroon oscillator for Oz Minerals has signalled an downtrend is active
Aroon Oscillator /
Aroon oscillator for Oz Minerals has signalled an downtrend is active

[BEARISH]: Oz Minerals has a current ARO(25) of -24. This has change 0 points from yesterday.

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Black Candle /
OZL Basic Candle: Black

[BEARISH]: Oz Minerals has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Oz Minerals has moved below the S1 pivot point ($8.896) [Bearish]
Pivot Points /
Oz Minerals has moved below the S1 pivot point ($8.896) [Bearish]

Oz Minerals has broken the first support point ($8.896) [Bearish]. Look for a short limit order entry near this point. Exit price for OZL should be set @$8.813 & short position stoploss for Oz Minerals should be set between $9.223 & $9.306

[Bearish]: Continued selling pressure for Oz Minerals has been confirmed
Elders Force Index /
[Bearish]: Continued selling pressure for Oz Minerals has been confirmed

OZL: Elders Force Index Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH

Woodie Pivot Point /
Oz Minerals has moved below the S1 Woodie pivot point ($8.878) [Bearish]

Oz Minerals has broken the first Woodie support point ($8.878) [Bearish]. Look for a short limit order entry near this point. Exit price for OZL should be set @$8.804 & short position stoploss for Oz Minerals should be set at $9.214

Opening Price /
Oz Minerals: Daily opening price is $9.1

[BEARISH]: Oz Minerals opening price has gapped down. Currently, the OPEN is $9.1 (-1.1 %).

Weighted Moving Average /
Price is now trading below the Weighted Moving Average(5) for OZL

[BEARISH]: Oz Minerals 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 -2.2%.

Oz Minerals has maintained the 3rd timeframe trend [Uptrend]
Long Trend /
Oz Minerals has maintained the 3rd timeframe trend [Uptrend]

[BULLISH]: Oz Minerals has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 17 2017.

Price was difficult to move downward in recent trading on high volume causing an downtrend in price for OZL
Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for OZL

OZL: EOM Recent Trading -> (1) 20 Feb: -1.91 (2) 19 Feb: -0.769 (3) 16 Feb: 1.317

Range Tod Vs Range Yest /
Oz Minerals: Range Performance (2.5)

[BEARISH]: Oz Mineralssellers are increasingly eager. There has been 2 consecutive days of range increase for OZL adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.95 & the greatest daily price range this year has been $0.95. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 1x.

Fibonacci Fans /
Oz Minerals has moved below the 61.8% retracement fan level ($17.91) [Bearish]

Oz Minerals has moved below the 61.8% retracement level ($17.91) [Bearish]. Look for a short limit order entry near this point. Exit price for OZL should be set @$6.65 & short position stoploss for Oz Minerals should be set between $6.84

Two Crows /
Oz Minerals: Two Crows

OZL: Reversal (Weak) Candlestick Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: REVERSAL (3) 16 Feb: NEUTRAL

Ulcer index has reduced in stress level & low drawdown is expected for Oz Minerals
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Oz Minerals

[BEARISH]: Oz Minerals UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.835.

Weaker price performance from OZL has seen a lower low of -1.5 % [Downtrend]
Low Price /
Weaker price performance from OZL has seen a lower low of -1.5 % [Downtrend]

OZL: LOW Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

Oz Minerals: Volume rate of Change (-29)
Volume Rate of Change /
Oz Minerals: Volume rate of Change (-29)

[BEARISH]: Oz Minerals currently has negative rate of change of -29%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2.2%.

Open Tod Vs Close Tod /
Oz Minerals: Over the last 12 months there has been 55 trading days giving a confirmation ratio of 21.5%.

[BEARISH STRONG]: Oz Minerals opened in the upper part of daily range at 80.5% & closed in the lower part of the trading range at 22%. This suggests the sellers were in control all day. Over the last 12 months there has been 55 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 21.5%. Over the last month there has been 3 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 23.1%.

Volume /
Strong volume performance from OZL has seen a higher volume of 9.3 [Uptrend]

OZL: VOLUME Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH

MACD /
MACD oscillator remains positive for OZL

[BULLISH]: Oz Minerals currently has positive MACD of 0.016000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -2.2%.

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.112 indicating bull power

[BULLISH]: Oz MineralsElder Ray Index is signalling a Bullish movementERI is 0.112 indicating bull power. Prices are being driven above the consensus of value for OZL during the last trading session [Buying Pressure]

Percentage volume oscillator remains positive for OZL
Percentage Volume /
Percentage volume oscillator remains positive for OZL

OZL: PVO Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH CROSSOVER (3) 16 Feb: BULLISH CROSSOVER

Oz Minerals has broken the first DeMark support point ($8.9975) [Bearish]
Demarks Pivot Points /
Oz Minerals has broken the first DeMark support point ($8.9975) [Bearish]

Oz Minerals has broken the first DeMark support point ($8.9975) [Bearish]. Look for a short limit order entry near this point. Exit price for OZL should be set @$8.855 & short position stoploss for Oz Minerals should be set at $9.06

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

[BULLISH]: Oz Minerals 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 -2.2%.

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