Oz Minerals has moved above the 161.8% level ($3.38) [Bearish]. Look for a short limit order entry near this point. Exit price for OZL should be set @$4.5 & short position stoploss for Oz Minerals should be set at $2.26
[BEARISH CROSSOVER]: Oz Minerals current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 8.3580.
OZL: EOM Recent Trading -> (1) 17 Oct: 2.915 (2) 16 Oct: 1.94 (3) 13 Oct: 1.578
[BULLISH]: Oz Minerals has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 17 2017.
Australian Stock Exchange
[BEARISH STRONG]: National Storage 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 43 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 16.3%. Over the last month there has been 3 trading days with the opening price in the lower upper range
[BULLISH]: Oz Minerals current uptrend in the first timeframe. Currently, the Close is $8.52.
[BULLISH]: Oz Mineralsbuyers are keener than sellers and are driving the price up. There has been 6 consecutive days of price rise for OZL adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 4.3 & the greatest daily positive change this year has been 5.7. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 13.8%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 8.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 1.4%
Oz Minerals has broken the first resistance point ($8.626) [Bullish]. Look for a long limit order entry near this point. Exit price for OZL should be set @$8.733 & Stoploss for Oz Minerals should be set between $8.173 & $8.066
[BULLISH]: Oz Minerals opening price has gapped up. Currently, the OPEN is $8.3 (1.7 %).
[BEARISH CROSSOVER]: Oz Minerals has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 113.72% with a current width of 15.83.
[BULLISH]: Oz Minerals is in an uptrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 6
[BEARISH]: Oz Minerals currently has negative PVO -8.9%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 12%.
[BULLISH]: Oz Mineralsbuyers are increasingly eager. There has been 3 consecutive days of range increase for OZL adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.16 & the greatest daily price range this year has been $3.77. 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 0.3x.
[BULLISH CROSSOVER]: Oz Minerals currently has positive Volume MACD of 66089. This means the signal line is greater than the Volume MACD line signalling a bullish movement.
[BEARISH]: Oz Minerals current distribution has given weakness to the share price and the continuation of bearish trading conditions.
[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 4.3%.
[BULLISH]: Oz MineralsElder Ray Index is signalling a Bullish movementERI is 0.577 indicating bull power. Prices are being driven above the consensus of value for OZL during the last trading session [Buying Pressure]
OZL: Medium Term Current Signal -> (1) 17 Oct: BULLISH CONFIRM (2) 16 Oct: BEARISH (3) 13 Oct: BEARISH CONFIRM
[BULLISH]: Oz Minerals currently has positive momentum of 0.655. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 4.3%. The largest upward momentum rally for the last 3 months is 12 days producing a return of 14%%.
[BULLISH]: Oz Minerals 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 4.3%.