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

Saracen Mineral
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Average Directional Index for Saracen Mineral has signalled a strong trend is active
Average Directional Movement /
Average Directional Index for Saracen Mineral has signalled a strong trend is active

[Trend]: ADX for SAR has confirmed a strong trend is presentSaracen Mineral has an ATR(14) of 0.053, a DX of 8.46 & an ADX(14) of 29.81

Positive VROC confirmation for Saracen Mineral is a leading indicator for continued price rise
Volume Rate of Change /
Positive VROC confirmation for Saracen Mineral is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Saracen Mineral currently has positive volume of change of 40%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.3%.

Triangular Moving Average /
[Bullish]: TMA(30) is serving as a support line for Saracen Mineral

[BEARISH]: Saracen Mineral 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 -0.3%.

Williams %R /
Initiation of oversold signal for Saracen Mineral [Bullish Crossover]

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

Daily Volume Index /
Recent trading signals Saracen Mineral is being accumulated

[BULLISH CROSSOVER]: Saracen Mineral current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Exponential Moving Average /
Saracen Mineral is in a short term uptrend with the EMA(15) @$1.655

[BEARISH]: Saracen Mineral currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.3%.

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Closing Price /
Saracen Mineral: Daily closing price is $1.595 [Bearish]

[BEARISH]: Saracen Mineral current downtrend in the first timeframe. Currently, the Close is $1.595.

Saracen Mineral is still above the 61.8% retracement fan level ($0) [Bullish]
Fibonacci Fans /
Saracen Mineral is still above the 61.8% retracement fan level ($0) [Bullish]

Saracen Mineral is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for SAR should be set @$76.63 & Stoploss for Saracen Mineral should be set between $74.46

Negative ROC: Price is now trading lower for Saracen Mineral than 14 days ago
Rate of Change /
Negative ROC: Price is now trading lower for Saracen Mineral than 14 days ago

[BEARISH CROSSOVER]: Saracen Mineral currently has negative rate of change of -3.6%. 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

Close Tod Vs Close Yest /
Closing price for SAR ($1.595) signals sellers are still keener than buyers

[BEARISH]: Saracen Mineralsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for SAR adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -4.2 & the greatest daily negative change this year has been -4.2. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -17.4%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -4.2%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -2.3%

Camarilla Pivot Points /
Camarilla pivot point for SAR is bullish. Stoploss should be positioned @$1.33

Saracen Mineral has broken the first Camarilla resistance point ($1.728) [Bullish]. Look for a long limit order entry near this point. Exit price for SAR should be set @$1.86 & Stoploss for Saracen Mineral should be set between $1.33 & $1.197

Volume /
Strong volume performance from SAR has seen a higher volume of 99.9 [Uptrend]

SAR: VOLUME Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

Confirmation of Saracen Mineral is now being accumulated
Accumulation / Distribution /
Confirmation of Saracen Mineral is now being accumulated

[BULLISH CROSSOVER]: Saracen Mineral current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

The volume MACD continues to rise above the signal line for SAR [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for SAR [Bullish]

[BULLISH]: Saracen Mineral currently has positive Volume MACD of 301003. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Aroon Oscillator /
Saracen Mineral: Aroon oscillator (52) has confirmed a strong uptrend is present

SAR: Aroon Oscillator Current Signal -> (1) 11 Jan: BULLISH STRONG (2) 11 Jan: BULLISH STRONG (3) 11 Jan: BULLISH STRONG

Elder Ray Index /
Bear power has increased for Saracen Mineral signalling bearish conditions are likely

SAR: Elder Ray Index Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Simple Moving Average /
[Bullish]: SMA(30) is serving as a support line for Saracen Mineral

[BULLISH]: Saracen Mineral currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.3%.

Saracen Mineral: Bull Harami
Bull Harami /
Saracen Mineral: Bull Harami

[BULLISH]: Saracen Mineral has formed a new Bull Harami reversal pattern.

The 61.8% Fibonacci retracement level for SAR is bullish. Stoploss should be positioned @$74.46
Fibonacci Retracements /
The 61.8% Fibonacci retracement level for SAR is bullish. Stoploss should be positioned @$74.46

Saracen Mineral is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for SAR should be set @$76.63 & Stoploss for Saracen Mineral should be set between $74.46

SAR Basic Candle: Black
Black Candle /
SAR Basic Candle: Black

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

Ulcer Index /
Ulcer index has fallen as the price rises for Saracen Mineral

[BEARISH]: Saracen Mineral UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.68.

Pivot Points /
Limit order for a long position has been identified for Saracen Mineral [Bullish]

Saracen Mineral has broken the first resistance point ($1.609) [Bullish]. Look for a long limit order entry near this point. Exit price for SAR should be set @$1.624 & Stoploss for Saracen Mineral should be set between $1.56 & $1.545

Momentum /
Saracen Mineral currently has negative momentum of -0.105

SAR: MOM Recent Trading -> (1) 11 Jan: -0.105 (2) 11 Jan: -0.05 (3) 11 Jan: 0.17

Open Tod Vs Close Tod /
Saracen Mineral opened in the upper part of daily range at 93.8% & closed in the middle part of the trading range at 62.5%. This suggests the sellers have lost commitment.

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

Saracen Mineral: Daily price range is 0.032 [Downtrend]
Price Range /
Saracen Mineral: Daily price range is 0.032 [Downtrend]

[BEARISH]: Saracen Mineral current downtrend in the first timeframe. Currently, the Range is $0.032.

Saracen Mineral: Range Performance (-43.9)
Range Tod Vs Range Yest /
Saracen Mineral: Range Performance (-43.9)

SAR: Range today versus range yesterday Recent Trading -> (1) 11 Jan: -43.9% (2) 11 Jan: 20% (3) 11 Jan: -11.8%

Stochastic Oscillator /
Stochastic Oscillator for SAR has crossed below the oversold limit triggering a bullish crossover signal

SAR: Stochastic Oscillator Trading -> (1) 11 Jan: 9.2 (2) 11 Jan: 40.9 (3) 11 Jan: 82.4

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