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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Saracen Mineral: Daily high performance is -1.3 % [Downtrend]
High Price /
Saracen Mineral: Daily high performance is -1.3 % [Downtrend]

[BEARISH]: Saracen Mineral current downtrend in the first timeframe. Currently, the HIGH is -1.3 %.

Saracen Mineral: Volume MACD oscillator (139204.0000)
MACD Volume /
Saracen Mineral: Volume MACD oscillator (139204.0000)

SAR: Volume MACD Current Signal -> (1) 23 Apr: BULLISH (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH

Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for SAR

SAR: EOM Recent Trading -> (1) 23 Apr: -0.0020 (2) 20 Apr: -0.0440 (3) 19 Apr: 0.0000

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.

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Saracen Mineral & are driving the price down.

[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 -2.1 & the greatest daily negative change this year has been -5.3. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -12.9%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.6%. 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 -1.100000%

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

[BULLISH]: Saracen Mineral currently has positive momentum of 0.0600. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.5000%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 0.5%%.

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Demarks Pivot Points /
Saracen Mineral has moved above the R1 DeMark pivot point ($1.8563) [Bullish]

Saracen Mineral has broken the first DeMark resistance point ($1.8563) [Bullish]. Look for a long limit order entry near this point. Exit price for SAR should be set @$1.8630 & Stoploss for Saracen Mineral should be set at $1.8430

Saracen Mineral: MACD oscillator (0.0060)
MACD /
Saracen Mineral: MACD oscillator (0.0060)

[BULLISH]: Saracen Mineral currently has positive MACD of 0.0060. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -1%.

Saracen Mineral is being actively accumulated
Accumulation / Distribution /
Saracen Mineral is being actively accumulated

[BULLISH]: Saracen Mineral current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 27508875.0000. day.

Fibonacci Fans /
Saracen Mineral is still above the 61.8% retracement fan level ($0.0000) [Bullish]

Saracen Mineral is still above the 61.8% retracement level ($0.0000) [Bullish]. Look for a long limit order entry near this point. Exit price for SAR should be set @$4.8800 & Stoploss for Saracen Mineral should be set between $4.6950

On Balance Volume /
Saracen Mineral: Confirmation of stock accumulation

[BULLISH]: Saracen Mineral current price has highlighted recent accumulation. Currently, the OBV is 36599041.0000.

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 SARCurrently, the return on DPO20 is -0.5%.

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

SAR: UIC Recent Trading -> (1) 23 Apr: 3.0970 (2) 20 Apr: 3.2780 (3) 19 Apr: 3.5300

CMF has positive divergence between price and volume
Chaikin Money Flow /
CMF has positive divergence between price and volume

[BULLISH]: Saracen Mineral current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.1400. SAR received a confirmed CMF crossover days on the Feb 15 2018.The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.27 occurring on the Feb 15 2018.

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 -0.5%.

Medium Trend /
Saracen Mineral: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Saracen Mineral is in an uptrend in the medium term timeframe. The current rally number is 48 & the highest rally count for the LTM is 74. The highest rally for the month is 16

Volume /
Saracen Mineral: Daily volume performance is -9.9 [Downtrend]

[BEARISH]: Saracen Mineral current volume downtrend in the first timeframe. Volume for SAR is4011512 (-9.9).

SAR opening price of $1.8650 (-1.3 %)
Opening Price /
SAR opening price of $1.8650 (-1.3 %)

SAR: OPEN Current Signal -> (1) 23 Apr: NEUTRAL (2) 20 Apr: BEARISH (3) 19 Apr: BULLISH

Saracen Mineral: Average True Range (0.0400) has confirmed an downtrend is present
Average True Range /
Saracen Mineral: Average True Range (0.0400) has confirmed an downtrend is present

SAR: Average True Range Recent Trading -> (1) 23 Apr: 0.0400 (2) 20 Apr: 0.0420 (3) 19 Apr: 0.0400

Saracen Mineral: Daily performance is -0.5 % [Downtrend]
Closing Price /
Saracen Mineral: Daily performance is -0.5 % [Downtrend]

[BEARISH]: Saracen Mineral current downtrend in the first timeframe. Currently, the Close is $1.8550.

Elder Ray Index /
[Bull Power]: ERI has increased for Saracen Mineral during the last trading session

[BULLISH]: Saracen MineralElder Ray Index is signalling a Bullish movementERI is 0.0290 indicating bull power. Prices are being driven above the consensus of value for SAR during the last trading session [Buying Pressure]

Percentage Price /
Price percentage oscillator: Upward momentum is still present for Saracen Mineral

[BULLISH]: Saracen Mineral currently has positive PPO 1.8000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Moving Average Envelope /
Oversold signal continues for Saracen Mineral indicating upward price movement is likely

[BULLISH]: Saracen Mineral current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.7290.

Hook Reversal /
A short term Hook Reversal has formed with Saracen Mineral

[BEARISH]: A short term Hook Reversal has formed with Saracen Mineral which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

Price is now trading below the Exponential Moving Average(5) for SAR
Exponential Moving Average /
Price is now trading below the Exponential Moving Average(5) for SAR

[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 -0.5%.

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

SAR: Close versus price range Current Signal ->(1) 23 Apr: BEARISH (2) 20 Apr: NEUTRAL (3) 19 Apr: BULLISH

Fibonacci Retracements /
Saracen Mineral has yet to break the 61.8% retracement level ($0.0000) [Bullish]

Saracen Mineral is still above the 61.8% retracement level ($0.0000) [Bullish]. Look for a long limit order entry near this point. Exit price for SAR should be set @$4.8800 & Stoploss for Saracen Mineral should be set between $4.6950

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