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

Ridley Corporation
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Stoploss for Ridley Corporation should be set between $1.2780
Demarks Pivot Points /
Stoploss for Ridley Corporation should be set between $1.2780

Ridley Corporation has broken the first DeMark support point ($1.2888) [Bearish]. Look for a short limit order entry near this point. Exit price for RIC should be set @$1.2780 & short position stoploss for Ridley Corporation should be set at $1.3230

The simple moving average and past price for RIC has confirmed bearish trading conditions
Detrended Price Oscillator /
The simple moving average and past price for RIC has confirmed bearish trading conditions

[BEARISH]: Ridley Corporation currently has a confirmed downtrend. Price is currently below the displaced moving average for RICCurrently, the return on DPO20 is 3.6%.

Chaikin Money Flow /
Selling pressure for Ridley Corporation continues - bearish signal

[BEARISH]: Ridley Corporation current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1700. RIC received a confirmed CMF crossover days on the Apr 10 2018.The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.26 occurring on the Apr 10 2018.

White Candle /
RIC Basic Candle: White

[BULLISH]: Ridley Corporation has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Aroon Oscillator /
RIC: Aroon oscillator has confirmed a strong downtrend @-56.0000

[BEARISH]: Ridley Corporation has a current ARU(25) of 24.0000 and a current ARD(25) of 80.0000

Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for RIC

[Trend]: ADX for RIC has confirmed a strong trend is presentRidley Corporation has an ATR(14) of 0.0410, a DX of 51.4800 & an ADX(14) of 47.1000

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Price Range /
Price volatility is low for RIC based on the lower price range ($0.0450) [Downtrend]

[BEARISH]: Ridley Corporation current downtrend in the first timeframe. Currently, the Range is $0.0450.

Ridley Corporation: Daily performance is 3.6 % [Uptrend]
Closing Price /
Ridley Corporation: Daily performance is 3.6 % [Uptrend]

[BULLISH]: Ridley Corporation current uptrend in the first timeframe. Currently, the Close is $1.3000.

William %R for RIC has crossed above the oversold limit triggering a neutral signal
Williams %R /
William %R for RIC has crossed above the oversold limit triggering a neutral signal

RIC: William %R Current Signal -> (1) 24 Apr: BEARISH CROSSUNDER (2) 23 Apr: BULLISH CROSSOVER (3) 24 Apr: BULLISH CROSSUNDER

Weighted Moving Average /
Ridley Corporation is in a short term uptrend with the support price @$1.2830

RIC: WMA Current Signal -> (1) 24 Apr: BEARISH (2) 23 Apr: BULLISH (3) 24 Apr: BEARISH

Range Tod Vs Range Yest /
The biggest price range this month for RIC has been $0.2450

[WEAK BULLISH]: Ridley Corporationsellers are becoming less eager. There has been 2 consecutive days of range increase for RIC reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2450 & the greatest daily price range this year has been $0.3050. The price range ratio this week versus the quarterly price range is 0.2000000000000000000x & the price range ratio this month versus the year to date price range is 0.8000000000000000000x.

Close Tod Vs Close Yest /
Over the last month the average daily win ratio has been 1.900000%

RIC: Recent performance signals ->(1) 24 Apr: BULLISH (2) 23 Apr: NEUTRAL (3) 20 Apr: BULLISH

Ridley Corporation: Daily opening performance is -1.1 % [Uptrend]
Opening Price /
Ridley Corporation: Daily opening performance is -1.1 % [Uptrend]

[BULLISH]: Ridley Corporation opening price has gapped up. Currently, the OPEN is $1.2900 (-1.1 %).

RIC: Over the last month there has been 6 trading  days with the closing price in the upper range giving a confirmation ratio of 35.3%.
Close Tod Vs Range Tod /
RIC: Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 35.3%.

RIC: Close versus price range Current Signal ->(1) 24 Apr: BULLISH (2) 23 Apr: BEARISH (3) 24 Apr: BEARISH

Low Price /
Recent trading for Ridley Corporation has surpassed the previous low by 0.0 %

RIC: LOW Recent Trading -> (1) 24 Apr: 1.2550 (2) 23 Apr: 1.2550 (3) 20 Apr: 1.2500

Momentum /
5-day momentum is now increasing for Ridley Corporation

[BULLISH CROSSOVER]: Ridley Corporation currently has positive momentum of 0.0200. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 3.6000%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0%%.

MACD /
MACD for Ridley Corporation continues to lose momentum @0.0000

[BEARISH]: Ridley Corporation currently has negative MACD of 0.0000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 3%.

DVI: Distribution still active for Ridley Corporation
Daily Volume Index /
DVI: Distribution still active for Ridley Corporation

[BEARISH]: Ridley Corporation current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1702.0000.

Recent trading for RIC has failed to beaten the previous high by -0.4 % [Downtrend]
High Price /
Recent trading for RIC has failed to beaten the previous high by -0.4 % [Downtrend]

RIC: HIGH Current Signal -> (1) 24 Apr: BEARISH (2) 23 Apr: NEUTRAL (3) 20 Apr: BULLISH

Ridley Corporation: Look for a long limit order entry @$1.3150
Pivot Points /
Ridley Corporation: Look for a long limit order entry @$1.3150

Ridley Corporation has broken the first resistance point ($1.3150) [Bullish]. Look for a long limit order entry near this point. Exit price for RIC should be set @$1.3300 & Stoploss for Ridley Corporation should be set between $1.2400 & $1.2250

Volume /
Recent trading for Ridley Corporation has surpassed the previous volume by 82.3

[BULLISH]: Ridley Corporation current volume uptrend in the first timeframe. Volume for RIC is158491 (82.3).

Triangular Moving Average /
Triangular Moving Average(5) signal is confirmed for Ridley Corporation indicating upward price movement is likely

[BULLISH]: Ridley Corporation 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 3.6%.

On Balance Volume /
Traders are currently Distributing Ridley Corporation

[BEARISH]: Ridley Corporation current price has highlighted recent distribution. Currently, the OBV is -2869516.0000.

Accumulation / Distribution /
Ridley Corporation is being actively distributed

[BEARISH]: Ridley Corporation current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -60374.0000. day.

Negative ROC: Price is trading lower for Ridley Corporation than 14 days ago
Rate of Change /
Negative ROC: Price is trading lower for Ridley Corporation than 14 days ago

[BEARISH]: Ridley Corporation currently has negative rate of change of -10.3000%. 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

[Long]: Limit orders for Ridley Corporation should be set at $4.2500
Fibonacci Extensions /
[Long]: Limit orders for Ridley Corporation should be set at $4.2500

Ridley Corporation has moved below the 161.8% level ($4.2500) [Bullish]. Look for a long limit order entry near this point. Exit price for RIC should be set @$3.9800 & Stoploss for Ridley Corporation should be set at $4.5200

Stochastic Oscillator /
Stochastic Oscillator (28.2000) for RIC is still below the oversold limit

[BULLISH]: Ridley Corporation is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

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