Technical analysis from Sandfire Resources (SFR.AX, ASX:SFR.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Sandfire Resources
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Price continues to trade below the Sine Weighted Moving Average(5) for SFR
Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(5) for SFR

[BEARISH]: Sandfire Resources currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -2.1%.

[Long]: Exit price for SFR should be set @$9.683
Woodie Pivot Point /
[Long]: Exit price for SFR should be set @$9.683

Sandfire Resources has broken the first Woodie support point ($9.176) [Bearish]. Look for a short limit order entry near this point. Exit price for SFR should be set @$9.103 & short position stoploss for Sandfire Resources should be set at $9.683

Moving Average Envelope /
Envelope bands Oversold signal is still current for Sandfire Resources [Bullish]

[BULLISH]: Sandfire Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 8.569.

Average Directional Movement /
Sandfire Resources: Average Directional Index (44.72) has confirmed a strong trend is present

[Trend]: ADX for SFR has confirmed a strong trend is present. Sandfire Resources has an ATR(14) of 0.272, a DX of 38.46 & an ADX(14) of 44.72

Low Price /
low for SFR has not surpassed the low of the previous trading session

SFR: LOW Recent Trading -> (1) 19 Jun: 9.32 (2) 18 Jun: 9.45 (3) 15 Jun: 9.66

Open Tod Vs Close Tod /
Sandfire Resources: Sellers have taken control.

[BEARISH]: Sandfire Resources opened in the middle part of daily range at 58.6% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 33 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 12.5%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 8.3%.

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Weighted Moving Average /
Weighted Moving Average(5) signal continues for Sandfire Resources indicating downward price movement is likely

[BEARISH]: Sandfire Resources currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -2.1%.

Buying pressure for Sandfire Resources continues - bullish signal
Chaikin Money Flow /
Buying pressure for Sandfire Resources continues - bullish signal

[BULLISH]: Sandfire Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.11. SFR received a confirmed CMF crossover days on the Jun 7 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.17 occurring on the Jun 7 2018.

Range for SFR has surpassed the range of the previous trading session
Price Range /
Range for SFR has surpassed the range of the previous trading session

SFR: Price Range Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: NEUTRAL (3) 15 Jun: BEARISH

Bill Williams Market Facilitation /
Market movement acceleration likely for SFR as a result of Green Day

SFR: BWMF Current Signal -> (1) 19 Jun: Green Day (2) 18 Jun: Fake Day (3) 15 Jun: Fade Day

Percentage Price /
Signal line is still above the EMA for Sandfire Resources producing positive momentum

[BULLISH]: Sandfire Resources currently has positive PPO 3.544%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

High Price /
Recent trading for Sandfire Resources has surpassed the previous high by 0.2 %

[BULLISH]: Sandfire Resources current uptrend in the first timeframe. Currently, the HIGH is 0.2 %.

[Bearish]: Opening performance for SFR of -0.1 % was achieved in last trading session
Opening Price /
[Bearish]: Opening performance for SFR of -0.1 % was achieved in last trading session

[BEARISH]: Sandfire Resources opening price has gapped down. Currently, the OPEN is $9.49 (-0.1 %).

SFR Basic Candle: Long Black
Long Black Candle /
SFR Basic Candle: Long Black

[BEARISH]: Sandfire Resources has formed a Long Black candlestick. This means, SFR has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Daily Volume Index /
Traders are currently accumulating Sandfire Resources

[BULLISH]: Sandfire Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 2073.

Long Trend /
Sandfire Resources: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Sandfire Resources has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 12 2018.

Coles Reaction Day /
Sandfire Resources: Coles reaction day has been confirmed

SFR: CRD Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: NEUTRAL (3) 15 Jun: BULLISH

Closing price for Sandfire Resources has seen sellers continue to win the daily battle for performance @ -2.1%
Close Tod Vs Close Yest /
Closing price for Sandfire Resources has seen sellers continue to win the daily battle for performance @ -2.1%

[BEARISH]: Sandfire Resourcessellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for SFR adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -3.0 & the greatest daily negative change this year has been -4.4. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -9.1%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -5.3%. 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 1.2x. Over the last month the average daily downward movement has been -1.800000%

Sandfire Resources: Rate of Change (14)
Rate of Change /
Sandfire Resources: Rate of Change (14)

SFR: ROC Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Volume rate of change continues to build for Sandfire Resources signalling a short term uptrend is likely
Volume Rate of Change /
Volume rate of change continues to build for Sandfire Resources signalling a short term uptrend is likely

[BULLISH]: Sandfire Resources currently has positive volume of change of 166%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -2.1%.

Exponential Moving Average /
Sandfire Resources is in a short term downtrend with the closing price @$9.32

[BEARISH]: Sandfire Resources 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 -2.1%.

Accumulation / Distribution /
Traders are currently Distributing Sandfire Resources

[BEARISH]: Sandfire Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -2.65455e+006.

Momentum /
Negative momentum confirmation for SFR is a leading indicator for continued price falls

[BEARISH CROSSOVER]: Sandfire Resources currently has negative momentum of -0.59 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.1%.The largest downward momentum rally for the last 3 months is 10 days producing a return of -8.4%.

MACD /
MACD oscillator remains positive for SFR

[BULLISH]: Sandfire Resources currently has positive MACD of 0.0126. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 3.5%.

The Volume MACD has now fallen below the signal line for SFR [Bearish Crossover]
MACD Volume /
The Volume MACD has now fallen below the signal line for SFR [Bearish Crossover]

[BEARISH CROSSOVER]: Sandfire Resources currently has negative Volume MACD of -10095. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Sandfire Resources: Closing price $9.32 is below the TMA(5) @$9.636
Triangular Moving Average /
Sandfire Resources: Closing price $9.32 is below the TMA(5) @$9.636

[BEARISH]: Sandfire Resources 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 -2.1%.

Close Tod Vs Range Tod /
Sandfire Resources closed in the lower part of daily range at 0%.

SFR: Close versus price range Current Signal ->(1) 19 Jun: BEARISH (2) 18 Jun: NEUTRAL (3) 15 Jun: BEARISH

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