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

Pro Medicus
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Pro Medicus: Daily high performance is -1.2 % [Downtrend]
High Price /
Pro Medicus: Daily high performance is -1.2 % [Downtrend]

[BEARISH]: Pro Medicus current downtrend in the first timeframe. Currently, the HIGH is -1.2 %.

Pro Medicus: Ulcer Index 1.712 [Low Stress]
Ulcer Index /
Pro Medicus: Ulcer Index 1.712 [Low Stress]

[BEARISH]: Pro Medicus UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.712.

Price Range /
[Bullish]: Pro Medicus has beaten previous trading range

[BULLISH]: Pro Medicus current uptrend in the first timeframe. Currently, the Range is $0.35.

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for PME

[BULLISH]: Pro MedicusElder Ray Index is signalling a Bullish movementERI is 0.125 indicating bull power. Prices are being driven above the consensus of value for PME during the last trading session [Buying Pressure]

Fibonacci Extensions /
Pro Medicus has moved above the 161.8% extension level ($0) [Bearish]

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

Average Directional Movement /
Pro Medicus: Average Directional Index (43.82) has confirmed a strong trend is present

[Trend]: ADX for PME has confirmed a strong trend is presentPro Medicus has an ATR(14) of 0.296, a DX of 12.52 & an ADX(14) of 43.82

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Bill Williams Market Facilitation /
[Green Day]: Both MFI & volume are up for Pro Medicus

PME: BWMF Current Signal -> (1) 11 Jan: Green Day (2) 11 Jan: Squat Day (3) 11 Jan: Green Day

Price for PME has opened weaker than close of the previous trading session
Opening Price /
Price for PME has opened weaker than close of the previous trading session

[BEARISH]: Pro Medicus opening price has gapped down. Currently, the OPEN is $8.75 (-1.2 %).

Expanding price range for PME signalling buyers continue to be more eager
Range Tod Vs Range Yest /
Expanding price range for PME signalling buyers continue to be more eager

[BULLISH]: Pro Medicusbuyers are increasingly eager. There has been 2 consecutive days of range increase for PME adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.64 & the greatest daily price range this year has been $0.64. The price range ratio this week versus the quarterly price range is 0.9x & the price range ratio this month versus the year to date price range is 1x.

Woodie Pivot Point /
Pro Medicus has moved above the R1 Woodie pivot point ($8.714) [Bullish]

Pro Medicus has broken the first Woodie resistance point ($8.714) [Bullish]. Look for a long limit order entry near this point. Exit price for PME should be set @$8.907 & Stoploss for Pro Medicus should be set at $8.207

MACD /
Pro Medicus: MACD oscillator (-0.046000)

[BEARISH CROSSOVER]: Pro Medicus currently has negative MACD of -0.046000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -3.6%.

Volume Rate of Change /
Negative VROC for PME is a leading indicator for continued price fall

[BEARISH]: Pro Medicus currently has negative rate of change of -57%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -3%.

[Uptrend]: Recent trading for PME confirms bullish TMA(30) signal
Triangular Moving Average /
[Uptrend]: Recent trading for PME confirms bullish TMA(30) signal

[BEARISH]: Pro Medicus 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 -3%.

[Bullish]: Pro Medicus current trading has maintained the Envelope Bands to oversold status
Moving Average Envelope /
[Bullish]: Pro Medicus current trading has maintained the Envelope Bands to oversold status

[BULLISH]: Pro Medicus current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 7.8755.

Black Candle /
PME Basic Candle: Black

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

Chaikin Money Flow /
Pro Medicus: CMF Crossover confirmed signalling major shift in price direction

[BULLISH CROSSOVER]: Pro Medicus current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.26. During the quarter, the highest CMF value was 0.35

Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for PME

[BEARISH]: Pro Medicus current price have moved downwards on low volume. Currently, the Ease of Movement is -115.017

Pro Medicus has moved above the R1 DeMark pivot point ($8.5225) [Bullish]
Demarks Pivot Points /
Pro Medicus has moved above the R1 DeMark pivot point ($8.5225) [Bullish]

Pro Medicus has broken the first DeMark resistance point ($8.5225) [Bullish]. Look for a long limit order entry near this point. Exit price for PME should be set @$8.645 & Stoploss for Pro Medicus should be set at $8.295

Daily bar has confirmed has confirmed an ATR uptrend is intact for PME
Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for PME

[Bullish]: Average True Range has confirmed an uptrend is present. Pro Medicus has a TR of 0.4, and an ATR(14) of 0.296.

Closing price for PME ($8.54) signals sellers are still keener than buyers
Close Tod Vs Close Yest /
Closing price for PME ($8.54) signals sellers are still keener than buyers

[BEARISH]: Pro Medicussellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for PME adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -3 & the greatest daily negative change this year has been -3. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -14.3%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -3.6%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily downward movement has been -1.7%

Closing Price /
Pro Medicus: Daily closing price is $8.54 [Bearish]

[BEARISH]: Pro Medicus current downtrend in the first timeframe. Currently, the Close is $8.54.

Percentage Price /
Pro Medicus currently has positive PPO 3.700

[BULLISH]: Pro Medicus currently has positive PPO 3.700%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Pivot Points /
Limit order for a long position has been identified for Pro Medicus [Bullish]

Pro Medicus current pivot point is: 8.563. The current resistance levels are: (R1) $8.726: (R2) $8.913: (R3) $9.076: The current support levels are: (S1) $8.376: (S2) $8.213: (S3) $8.026

Aroon Oscillator /
Aroon oscillator for Pro Medicus has signalled a strong uptrend is active

[BULLISH]: Pro Medicus has a current ARO(25) of 64. This has change 24 points from yesterday.

The volume MACD continues to rise above the signal line for PME [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for PME [Bullish]

[BULLISH]: Pro Medicus currently has positive Volume MACD of 3737. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Pro Medicus: Daily low price is $8.4 [Lower low]
Low Price /
Pro Medicus: Daily low price is $8.4 [Lower low]

[BULLISH]: Pro Medicus current downtrend in the first timeframe. Currently, the Low is $8.4 (-3.4 %).

On Balance Volume /
OBV: Distribution still active for Pro Medicus

[BEARISH]: Pro Medicus current price has highlighted recent distribution. Currently, the OBV is -4094.

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