Australian Securities Exchange

Pro Medicus
+ Share

[Long]: Limit orders for Pro Medicus should be set at $8.425
Demarks Pivot Points /
[Long]: Limit orders for Pro Medicus should be set at $8.425

Pro Medicus has broken the first DeMark resistance point ($8.4250) [Bullish]. Look for a long limit order entry near this point. Exit price for PME should be set @$8.65 & Stoploss for Pro Medicus should be set at $8.35

Rate of change(14) is decreasing for Pro Medicus
Rate of Change /
Rate of change(14) is decreasing for Pro Medicus

[BEARISH]: Pro Medicus currently has negative rate of change of -0.352%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Weighted Moving Average /
Price is now trading above the Weighted Moving Average(5) for PME

[BULLISH]: Pro Medicus 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 3.7%.

Percentage Volume /
Volume is still above the short term EMA for PME [Bullish]

[BULLISH]: Pro Medicus currently has positive PVO 7.98%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.9%.

Momentum /
Pro Medicus currently has negative momentum of -0.1

[BEARISH]: Pro Medicus currently has negative momentum of -0.1 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 3.7%.The largest downward momentum rally for the last 3 months is 4 days producing a return of -2.7%.

Woodie Pivot Point /
Pro Medicus: Look for a long limit order entry @$8.65

Pro Medicus current pivot point (Woodie) is: $8.425. The current resistance levels are: (R1) $8.65: (R2) $8.725The current support levels are: (S1) $8.35: (S2) $8.125

[Low Stress]: Low drawdown associated with recent trading of PME
Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of PME

[BEARISH]: Pro Medicus UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.538.

White Marubozu /
PME Basic Candle: White Marubozu

[BULLISH]: Pro Medicus has formed a White Marubozu candlestick. This means, PME has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Daily trading produced a rally day for Pro Medicus
Coles Reaction Day /
Daily trading produced a rally day for Pro Medicus

Pro Medicus: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for PME

PME: Price continues to move below the SMA(5) @$8.526
Simple Moving Average /
PME: Price continues to move below the SMA(5) @$8.526

PME: SMA(5) Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH (3) 10 Aug: BEARISH CROSSOVER

Open Tod Vs Close Tod /
Open/close reversal confirmed for Pro Medicus signalling the buyers were in control all day.

[BULLISH STRONG]: Pro Medicus opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 35 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 13.3%. Over the last month there has been 4 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 40%.

Triangular Moving Average /
Pro Medicus: Closing price $8.5 is below the TMA(5) @$8.578

[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 3.7%.

Williams %R /
Pro Medicus is no longer oversold and normal trading conditions are resumed

PME: William %R Current Signal -> (1) 14 Aug: BEARISH CROSSUNDER (2) 13 Aug: BULLISH CROSSOVER (3) 10 Aug: BULLISH CROSSUNDER

[Bullish]: Displaced moving average is currently below the price for PME
Detrended Price Oscillator /
[Bullish]: Displaced moving average is currently below the price for PME

[BULLISH]: Pro Medicus currently has a confirmed uptrend. Price is currently above the displaced moving average for PME. Currently, the return on DPO20 is 3.7%.

Recent trading indicates Aroon upward trend direction likely for PME [Strong Uptrend]
Aroon Oscillator /
Recent trading indicates Aroon upward trend direction likely for PME [Strong Uptrend]

[BULLISH]: Pro Medicus has a current ARU(25) of 84 and a current ARD(25) of 4

MACD /
Pro Medicus: MACD oscillator (-0.0449)

[BEARISH]: Pro Medicus currently has negative MACD of -0.0449. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 1%.

Donchian Channels /
PME: Price continues to move below the Lower Donchian Band @$7.89

[BULLISH]: Pro Medicus is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

Accumulation / Distribution /
Traders are now accumulating PME.AX

[BULLISH CROSSOVER]: Pro Medicus (ASX:PME) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the ADLINE is 89287.

[Bullish Crossover]: Pro Medicus currently has positive Volume MACD histogram 1656
MACD Volume /
[Bullish Crossover]: Pro Medicus currently has positive Volume MACD histogram 1656

PME: Volume MACD Current Signal -> (1) 14 Aug: BULLISH CROSSOVER (2) 13 Aug: BEARISH (3) 10 Aug: BEARISH

Pro Medicus was easily moved upward on low volume in recent trading [Bullish]
Ease of Movement /
Pro Medicus was easily moved upward on low volume in recent trading [Bullish]

PME: EOM Current Signal -> (1) 14 Aug: BULLISH EASY (2) 13 Aug: BEARISH EASY (3) 10 Aug: BEARISH EASY

Closing price for PME ($8.5) signals buyers are now keener than sellers
Close Tod Vs Close Yest /
Closing price for PME ($8.5) signals buyers are now keener than sellers

[BULLISH]: Pro Medicusbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for PME adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.7 & the greatest daily positive change this year has been 304.1. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 317.4%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 317.4%. 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 1.1x. Over the last month the average daily upward movement has been 1.500000%

Percentage Price /
Pro Medicus currently has positive PPO 1.794

[BULLISH]: Pro Medicus currently has positive PPO 1.794%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Range Tod Vs Range Yest /
Pro Medicus: Range Performance (-23.1)

[WEAK BEARISH]: Pro Medicus buyers are becoming less eager. This is the first day buyers have decreased eagerness for PME reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.8900 & the greatest daily price range this year has been $2.1900. 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 0.4x.

Short Trend /
Daily bar has closed the day with an Uptrend for PME

[BULLISH]: Pro Medicus is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Close Tod Vs Range Tod /
PME: Over the last month there has been 1 trading day with the closing price in the upper range giving a confirmation ratio of 10%.

[BULLISH]: Pro Medicus buyers are in control at the market close. This is the first day of buyer commitment for Pro Medicus adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 112 trading days with the closing price in the upper part of the range giving a confirmation ratio of 42.6%. Over the last month there has been 1 trading day with the closing price in the upper range giving a confirmation ratio of 10%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 10 days in the lower range giving a ratio of 0.8x.

Pro Medicus currently has negative volume rate of change for -43
Volume Rate of Change /
Pro Medicus currently has negative volume rate of change for -43

[BEARISH]: Pro Medicus currently has negative rate of change of -43%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 3.7%.

Envelope bands Oversold signal is still current for Pro Medicus [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Pro Medicus [Bullish]

[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 7.8945.

Elder Ray Index /
[Bull Power]: ERI has increased for Pro Medicus during the last trading session

[BULLISH]: Pro Medicus Elder Ray Index is signalling a Bullish movementERI is 0.04 indicating bull power. Prices are being driven above the consensus of value for PME during the last trading session [Buying Pressure]

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