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

Resapp Health
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Positive momentum confirmation for RAP is a leading indicator for continued price rise
Momentum /
Positive momentum confirmation for RAP is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Resapp Health currently has positive momentum of 0.011. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 3.3%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 7.1%%.

RAP Basic Candle: Black
Black Candle /
RAP Basic Candle: Black

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

Woodie Pivot Point /
Resapp Health has moved below the S1 Woodie pivot point ($0.09) [Bearish]

Resapp Health has broken the first Woodie support point ($0.09) [Bearish]. Look for a short limit order entry near this point. Exit price for RAP should be set @$0.087 & short position stoploss for Resapp Health should be set at $0.101

Elders Force Index /
Bullish conditions for RAP have commenced based on EFI (4328)

[BULLISH]: Resapp Health current price has highlighted recent buying pressure. Currently, the Elders Force Index is 4328.

Closing Price /
Resapp Health: Closing price is $0.093 (3.3 %)

[BULLISH]: Resapp Health current uptrend in the first timeframe. Currently, the Close is $0.093.

Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for RAP

RAP: Chaikin Oscillator Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH CROSSOVER

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Opening Price /
Resapp Health opening price of $0.096 (9.1 %)

[BULLISH]: Resapp Health opening price has gapped up. Currently, the OPEN is $0.096 (9.1 %).

Resapp Health: Confirmation of stock distribution
Accumulation / Distribution /
Resapp Health: Confirmation of stock distribution

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

Resapp Health: Average Directional Index (36.81) has confirmed a strong trend is present
Average Directional Movement /
Resapp Health: Average Directional Index (36.81) has confirmed a strong trend is present

[Trend]: ADX for RAP has confirmed a strong trend is presentResapp Health has an ATR(14) of 0.01, a DX of 62.4 & an ADX(14) of 36.81

Weighted Moving Average /
RAP: Price has moved above the WMA(5) @$0.09

[BULLISH]: Resapp Health 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 3.3%.

Volume Rate of Change /
Volume rate of change(14) is decreasing for Resapp Health

RAP: VROC Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

Aroon Oscillator /
Resapp Health: Aroon Oscillator (32)

[BULLISH]: Resapp Health has a current ARO(25) of 32. This has change 96 points from yesterday.

Closing price for Resapp Health has seen buyers continue to win the daily battle for performance @ 3.3%
Close Tod Vs Close Yest /
Closing price for Resapp Health has seen buyers continue to win the daily battle for performance @ 3.3%

[BULLISH]: Resapp Healthbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for RAP adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 7.1 & the greatest daily positive change this year has been 7.1. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 57.4%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 7.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.7x. Over the last month the average daily upward movement has been 3.8%

Resapp Health: Ease of Movement(0.001)
Ease of Movement /
Resapp Health: Ease of Movement(0.001)

RAP: EOM Current Signal -> (1) 11 Jan: BULLISH HARD (2) 11 Jan: BULLISH HARD (3) 11 Jan: BEARISH HARD

Pivot Points /
Pivot point for RAP is bearish. Stoploss should be positioned @$0.101

Resapp Health has broken the first support point ($0.09) [Bearish]. Look for a short limit order entry near this point. Exit price for RAP should be set @$0.087 & short position stoploss for Resapp Health should be set between $0.101 & $0.104

Percentage Volume /
Volume for Resapp Health is now losing momentum @-9.5)

[BEARISH CROSSOVER]: Resapp Health currently has negative PVO -9.5%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 5.6%.

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of RAP

[BULLISH]: Resapp Health UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 11.348.

Trading for Resapp Health highlights the commitment of sellers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Resapp Health highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Resapp Health sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Resapp Health 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 120 trading days with the closing price in the lower part of the range giving a confirmation ratio of 46%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Resapp Health: Range Performance (133.3)
Range Tod Vs Range Yest /
Resapp Health: Range Performance (133.3)

RAP: Range today versus range yesterday Current Signal ->(1) 11 Jan: NEUTRAL (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Resapp Health: Rate of change (16.25)
Rate of Change /
Resapp Health: Rate of change (16.25)

[BULLISH CROSSOVER]: Resapp Health currently has positive rate of change of 16.3%. 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

Coles Reaction Day /
RAP: Short term trend has confirmed a rally day

Resapp Health: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for RAP

Stochastic Oscillator /
Initiation of overbought signal for Resapp Health [Bearish Crossover]

[BEARISH]: Resapp Health is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Price Range /
Resapp Health: Daily price range is $0.007 [Uptrend]

RAP: Price Range Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BEARISH (3) 09 Jan: BEARISH

MACD /
Resapp Health: MACD oscillator (0.001000)

[BULLISH CROSSOVER]: Resapp Health currently has positive MACD of 0.001000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 5.6%.

RAP: Over the last 12 months there has been 58 trading days with the opening price in the upper shadow & the closing the price in the lower shadow
Open Tod Vs Close Tod /
RAP: Over the last 12 months there has been 58 trading days with the opening price in the upper shadow & the closing the price in the lower shadow

RAP: Open today versus close yesterday Current Signal ->(1) 11 Jan: BEARISH STRONG (2) 11 Jan: NEUTRAL (3) 11 Jan: BEARISH WEAK

Resapp Health (RAP): Dark Cloud Cover short-term pattern has been confirmed
Dark Cloud Cover /
Resapp Health (RAP): Dark Cloud Cover short-term pattern has been confirmed

Resapp Health(RAP): Reversal (Strong) Candlestick - Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

Detrended Price Oscillator /
Bullish trading conditions for Resapp Health has initiated a bullish crossover from the DPO (0.0198)

[BULLISH]: Resapp Health currently has a confirmed uptrend. Price is currently above the displaced moving average for RAPCurrently, the return on DPO20 is 3.3%.

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