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

Saracen Mineral
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Initiation of William %R overbought signal for Saracen Mineral
Williams %R /
Initiation of William %R overbought signal for Saracen Mineral

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

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

[BULLISH]: Saracen Mineral currently has a confirmed uptrend. Price is currently above the displaced moving average for SAR. Currently, the return on DPO20 is 0.4%.

Momentum /
Positive momentum: Price is trading higher for Saracen Mineral than 5 days ago

[BULLISH]: Saracen Mineral currently has positive momentum of 0.06. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.4%. The largest upward momentum rally for the last 3 months is 15 days producing a return of 11%.

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

Saracen Mineral current pivot point (DeMark) is: (R1) $2.275. The current pivot point (DeMark) is: (S1) $2.22.

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

[BEARISH]: Saracen Mineral current downtrend in the first timeframe. Currently, the Range is $0.055.

Medium Trend /
[Uptrend]: The second timeframe trend has continued for SAR

[BULLISH]: Saracen Mineral is in an uptrend in the medium term timeframe. The current rally number is 91 & the highest rally count for the LTM is 91. The highest rally for the month is 15

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

SAR: UIX Current Signal -> (1) 22 Jun: Low stress (2) 21 Jun: Low stress (3) 20 Jun: Low stress

Saracen Mineral: High Wave Line
High Wave Line /
Saracen Mineral: High Wave Line

[REVERSAL]: Saracen Mineral has formed a new High Wave Line reversal pattern.

Volume MACD oscillator remains positive for SAR
MACD Volume /
Volume MACD oscillator remains positive for SAR

[BULLISH]: Saracen Mineral currently has positive Volume MACD of 172443. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Closing Price /
[Bullish]: A higher close performance for SAR by 0.4 % achieved during last session

[BULLISH]: Saracen Mineral current uptrend in the first timeframe. Currently, the Close is $2.26.

Moving Average Envelope /
Initiation of overbought signal for Saracen Mineral

[BEARISH CROSSOVER]: Saracen Mineral current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 2.2575.

Daily Volume Index /
Saracen Mineral is being actively distributed based on DVI

SAR: DVI Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

[Bullish]: Continued buying pressure for Saracen Mineral has been confirmed
Elders Force Index /
[Bullish]: Continued buying pressure for Saracen Mineral has been confirmed

[BULLISH]: Saracen Mineral current price has highlighted recent buying pressure. Currently, the Elders Force Index is 8668.

Buyers continue to be keener than sellers for Saracen Mineral & are driving the price up.
Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Saracen Mineral & are driving the price up.

[BULLISH]: Saracen Mineralbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for SAR adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 4.7 & the greatest daily positive change this year has been 5.6. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 11.5%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 5.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.3x. Over the last month the average daily upward movement has been 2.100000%

Volume /
Saracen Mineral: Daily volume performance is -52.3 [Downtrend]

[BEARISH]: Saracen Mineral current volume downtrend in the first timeframe. Volume for SAR is 2.67401e+006 (-52.3).

On Balance Volume /
Recent trading signals Saracen Mineral is being accumulated

[BULLISH]: Saracen Mineral current price has highlighted recent accumulation. Currently, the OBV is 1.59302e+007.

Opening Price /
[Bullish]: Saracen Mineral has opened 3.2 % stronger

[BULLISH]: Saracen Mineral opening price has gapped up. Currently, the OPEN is $2.27 (3.2 %).

Distribution still active for Saracen Mineral
Accumulation / Distribution /
Distribution still active for Saracen Mineral

[BEARISH]: Saracen Mineral current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -2.67018e+006.

SAR: Average True Range has confirmed an downtrend @0.067
Average True Range /
SAR: Average True Range has confirmed an downtrend @0.067

[Bearish]: Average True Range has confirmed an downtrend is present. Saracen Mineral has a TR of 0.055, and an ATR(14) of 0.067.

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

[BEARISH]: Saracen Mineral has formed a Short Black candlestick. This means, SAR has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Percentage Volume /
Positive momentum on volume for SAR is maintained & supports a bullish move is likely

[BULLISH]: Saracen Mineral currently has positive PVO 11.59%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 2.9%.

Sine Weighted Moving Average /
Saracen Mineral is in a short term uptrend with the closing price @$2.26

SAR: SWMA Recent Trading -> (1) 22 Jun: 2.224 (2) 21 Jun: 2.222 (3) 20 Jun: 2.222

Rate of Change /
Positive ROC: Price is trading higher for Saracen Mineral than 14 days ago

[BULLISH]: Saracen Mineral currently has positive rate of change of 8.134%. 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

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Saracen Mineral indicating upward price movement is likely

[BULLISH]: Saracen Mineral currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.4%.

Saracen Mineral: Elder Ray Index is 0.089 [Bullish]
Elder Ray Index /
Saracen Mineral: Elder Ray Index is 0.089 [Bullish]

[BULLISH]: Saracen Mineral Elder Ray Index is signalling a Bullish movementERI is 0.089 indicating bull power. Prices are being driven above the consensus of value for SAR during the last trading session [Buying Pressure]

Continuation of the overbought CCI signal for Saracen Mineral
Commodity Channel Index /
Continuation of the overbought CCI signal for Saracen Mineral

[BEARISH]: Saracen Mineral current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 128. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 207.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong uptrend is intact for SAR

[BULLISH]: Saracen Mineral has a current ARU(25) of 96 and a current ARD(25) of 12

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