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

Polynovo
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Polynovo: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
Polynovo: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Polynovo current price has highlighted recent buying pressure. Currently, the Elders Force Index is 13855.

[Uptrend]: Aroon oscillator (92) strong uptrend has been confirmed for PNV
Aroon Oscillator /
[Uptrend]: Aroon oscillator (92) strong uptrend has been confirmed for PNV

[BULLISH]: Polynovo has a current ARU(25) of 96 and a current ARD(25) of 4

Price Range /
Range for PNV has not surpassed the range of the previous trading session

[BEARISH]: Polynovo current downtrend in the first timeframe. Currently, the Range is $0.02.

Ease of Movement /
Polynovo was easily moved downward on high volume in recent trading

PNV: EOM Recent Trading -> (1) 17 Oct: -0.006 (2) 16 Oct: 0.055 (3) 13 Oct: 0.022

Rate of Change /
Rate of change continues to build for Polynovo signalling a short term uptrend is likely

[BULLISH]: Polynovo currently has positive rate of change of 29.1%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Relative Strength Index /
Relative Strength overbought signal had been cancelled for Polynovo

[BEARISH]: Polynovo is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @74.0741

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Camarilla Pivot Points /
[Long]: Entry price for PNV should be set @$0.385

Polynovo current pivot point Camarilla is: $0.358. The current resistance levels are: (R1) $0.385: (R2) $0.415: (R3) $0.445: (R4) $0.534The current support levels are: (S1) $0.325: (S2) $0.295: (S3) $0.265: (S4) $0.176

Daily trading has increased the bull power to drive prices for Polynovo
Elder Ray Index /
Daily trading has increased the bull power to drive prices for Polynovo

[BULLISH]: PolynovoElder Ray Index is signalling a Bullish movementERI is 0.063 indicating bull power. Prices are being driven above the consensus of value for PNV during the last trading session [Buying Pressure]

Volume for PNV has not surpassed the volume of the previous trading session
Volume /
Volume for PNV has not surpassed the volume of the previous trading session

[BEARISH]: Polynovo current volume downtrend in the first timeframe. Volume for PNV is1.55687e+006 (-57.4).

GROWTH /
Polynovo: Asset valuation ($0.019)

Polynovo Key financial metrics: (1) Book Value: $0.019 (2) Market-to-Book ratio: 17.895 (3) PEG Ratio:

VALUE /
Polynovo: P/E ratio is

Polynovo Key financial metrics: (1) EPS: $-0.009 (2) P/E Ratio:

Low Price /
Recent trading for PNV has beaten the previous low by 2.9 % [Uptrend]

PNV: LOW Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH (3) 13 Oct: BULLISH

Polynovo: Sellers are in control at the market close.
Close Tod Vs Range Tod /
Polynovo: Sellers are in control at the market close.

[BEARISH]: Polynovo sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Polynovo 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 45 trading days with the closing price in the lower part of the range giving a confirmation ratio of 52.9%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 41.7%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.7x.

Negative divergence for Polynovo @ -0.19
Chaikin Money Flow /
Negative divergence for Polynovo @ -0.19

[BEARISH]: Polynovo current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.19. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.34

Demarks Pivot Points /
Polynovo has broken the first DeMark resistance point ($0.36125) [Bullish]

Polynovo has broken the first DeMark resistance point ($0.36125) [Bullish]. Look for a long limit order entry near this point. Exit price for PNV should be set @$0.372 & Stoploss for Polynovo should be set at $0.352

Daily Volume Index /
Market conditions are indicating DVI distribution is current for PNV

[BEARISH]: Polynovo current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Polynovo

[BULLISH]: Polynovo 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 4.4%.

PNV Basic Candle: Short White
Short White Candle /
PNV Basic Candle: Short White

[BULLISH WEAK]: Polynovo has formed a Short White candlestick. This means, PNV has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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

[BEARISH]: Polynovo UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.149.

Polynovo is still overbought with the Upper Envelope Band @$0.3045
Moving Average Envelope /
Polynovo is still overbought with the Upper Envelope Band @$0.3045

[BEARISH]: Polynovo current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 0.3045.

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

[BULLISH]: Polynovo currently has positive PVO 36.4%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 15.7%.

Medium Trend /
Polynovo has maintained the 2nd timeframe trend [Downtrend]

[BEARISH]: Polynovo is in an downtrend in the medium term timeframe. The current rally number is 47 & the highest rally count for the LTM is 47. The highest rally for the month is 12

Open Tod Vs Close Tod /
Polynovo: Buyers have lost control.

[BEARISH]: Polynovo opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 25%. This suggests the buyers have lost control. Over the last 12 months there has been 9 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 10.6%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 25%.

Closing Price /
Recent trading for Polynovo has surpassed the previous close by 4.4 %

[BULLISH]: Polynovo current uptrend in the first timeframe. Currently, the Close is $0.355.

[Bearish]: Lower high has formed for PNV by -5.1 % during the last trading session
High Price /
[Bearish]: Lower high has formed for PNV by -5.1 % during the last trading session

[BEARISH]: Polynovo current downtrend in the first timeframe. Currently, the HIGH is -5.1 %.

Polynovo is no longer overbought and normal trading conditions are resumed
Bollinger Bands /
Polynovo is no longer overbought and normal trading conditions are resumed

[BEARISH]: Polynovo is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 116.93% with a current width of 33.49.

Triangular Moving Average /
[Uptrend]: Recent trading for PNV indicates ST trend is likely to continue

[BULLISH]: Polynovo 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 4.4%.

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