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

Pro Medicus
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Bearish trading conditions for Pro Medicus has initiated a bearish crossover from the DPO (-0.0055)
Detrended Price Oscillator /
Bearish trading conditions for Pro Medicus has initiated a bearish crossover from the DPO (-0.0055)

[BEARISH]: Pro Medicus currently has a confirmed downtrend. Price is currently below the displaced moving average for PME. Currently, the return on DPO20 is -1.4%.

Recent trading for PME has failed to beaten the previous close by -1.4 % [Downtrend]
Closing Price /
Recent trading for PME has failed to beaten the previous close by -1.4 % [Downtrend]

[BEARISH]: Pro Medicus current downtrend in the first timeframe. Currently, the Close is $7.59.

Elders Force Index /
[Bullish]: Continued buying pressure for Pro Medicus has been confirmed

[BULLISH]: Pro Medicus current price has highlighted recent buying pressure. Currently, the Elders Force Index is 2164.

Key Reversal /
A short term Key Reversal has formed with Pro Medicus

[BEARISH]: A short term Key Reversal has formed with Pro Medicus which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 3 occurrences of this bar reversal giving a signal probability of 1.1%.

Bear Belt-Hold /
Pro Medicus: Bear Belt-Hold

[BEARISH]: Pro Medicus has formed a new Bear Belt-Hold reversal pattern.

Fibonacci Fans /
[Short]: Exit price for PME should be set @$5.3

Pro Medicus has moved below the 61.8% retracement level ($8.06) [Bearish]. Look for a short limit order entry near this point. Exit price for PME should be set @$5.3 & short position stoploss for Pro Medicus should be set between $5.45

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Woodie Pivot Point /
[Short]: Exit price for PME should be set @$7.418

Pro Medicus current pivot point (Woodie) is: $7.608. The current resistance levels are: (R1) $7.686: (R2) $7.798The current support levels are: (S1) $7.496: (S2) $7.418

Pro Medicus: Percentage Volume Oscillator @-28.02 [Bearish]
Percentage Volume /
Pro Medicus: Percentage Volume Oscillator @-28.02 [Bearish]

[BEARISH]: Pro Medicus currently has negative PVO -28.02%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 3.3%.

Pro Medicus: Elder Ray Index is 0.166 [Bullish]
Elder Ray Index /
Pro Medicus: Elder Ray Index is 0.166 [Bullish]

[BULLISH]: Pro Medicus Elder Ray Index is signalling a Bullish movementERI is 0.166 indicating bull power. Prices are being driven above the consensus of value for PME during the last trading session [Buying Pressure]

Volume /
Strong volume performance from PME has seen a higher volume of 22.2 [Uptrend]

[BULLISH]: Pro Medicus current volume uptrend in the first timeframe. Volume for PME is 47060 (22.2).

Pivot Points /
Pro Medicus has broken the first support point ($7.506) [Bearish]

Pro Medicus current pivot point is: 7.613. The current resistance levels are: (R1) $7.696: (R2) $7.803: (R3) $7.886: The current support levels are: (S1) $7.506: (S2) $7.423: (S3) $7.316

Moving Average Envelope /
Oversold signal continues for Pro Medicus indicating upward price movement is likely

[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 7.2295.

PME: Medium term trend is still an Uptrend
Medium Trend /
PME: Medium term trend is still an Uptrend

[BULLISH]: Pro Medicus has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 12 2018.

Ulcer index has fallen as the price rises for Pro Medicus
Ulcer Index /
Ulcer index has fallen as the price rises for Pro Medicus

[BEARISH]: Pro Medicus UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.844.

Low Price /
Weaker price performance from PME has seen a lower low of -0.9 % [Downtrend]

[BULLISH]: Pro Medicus current downtrend in the first timeframe. Currently, the Low is $7.53 (-0.9 %).

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

Pro Medicus Currently is a confirmed Green Day. Both MFI & volume are down for PME. Trend continuation likely for PME from increased trading activity.

Ease of Movement /
Recent trading was only supported by low volume for Pro Medicus

PME: EOM Current Signal -> (1) 19 Jun: BEARISH EASY (2) 18 Jun: BEARISH EASY (3) 15 Jun: BULLISH EASY

[Downtrend]: Recent trading for PME confirms bearish WMA(5) signal
Weighted Moving Average /
[Downtrend]: Recent trading for PME confirms bearish WMA(5) signal

PME: WMA Current Signal -> (1) 19 Jun: BEARISH CROSSOVER (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH CROSSOVER

Pro Medicus is no longer overbought
Commodity Channel Index /
Pro Medicus is no longer overbought

[NEUTRAL]: Pro Medicus current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 92. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 186.

MACD oscillator remains positive for PME
MACD /
MACD oscillator remains positive for PME

PME: MACD Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BULLISH CROSSOVER

Coles Reaction Day /
[Bearish]: A lower low has been achieved for last trading day for PME

Pro Medicus: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for PME

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

PME: ROC Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BULLISH CROSSOVER

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Pro Medicus & are driving the price down.

PME: Recent performance signals ->(1) 19 Jun: NEUTRAL (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Percentage Price /
Price percentage oscillator: Downward momentum is still present for Pro Medicus

PME: PPO Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: BEARISH CROSSOVER (3) 15 Jun: BEARISH CROSSOVER

Stochastic overbought signal has just been neutralized for Pro Medicus
Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Pro Medicus

PME: Stochastic Oscillator Signal -> (1) 19 Jun: BEARISH CROSSUNDER (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BULLISH CROSSUNDER

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

[BULLISH]: Pro Medicus current uptrend in the first timeframe. Currently, the Range is $0.19.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for PME has moved to the upper limit. Stoploss should be positioned @$6.85

Pro Medicus has moved above the 161.8% level ($6.23) [Bearish]. Look for a short limit order entry near this point. Exit price for PME should be set @$5.61 & short position stoploss for Pro Medicus should be set at $6.85

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