SFR | Australian Securities Exchange

Sandfire Resources
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Sandfire Resources has moved above the 161.8% extension level ($2.58) [Bearish]
Fibonacci Extensions /
Sandfire Resources has moved above the 161.8% extension level ($2.58) [Bearish]

Sandfire Resources has moved above the 161.8% level ($2.58) [Bearish]. Look for a short limit order entry near this point. Exit price for SFR should be set @$2.88 & short position stoploss for Sandfire Resources should be set at $2.28

Daily trading has confirmed an ATR downtrend (0.257) for Sandfire Resources
Average True Range /
Daily trading has confirmed an ATR downtrend (0.257) for Sandfire Resources

[Bearish]: Average True Range has confirmed an downtrend is present. Sandfire Resources has a TR of 0.115, and an ATR(14) of 0.257.

Triangular Moving Average /
SFR: Price continues to move below the TMA(5) @$7.528

[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 0.8%.

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of SFR

[BULLISH]: Sandfire Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 14.696.

Percentage Price /
The current price is still losing momentum through a fall for SFR on the short term EMA.

[BEARISH]: Sandfire Resources currently has negative PPO -4.965%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Ease of Movement /
Sandfire Resources was difficult to move downward due to high volume in recent trading [Bearish]

[BEARISH]: Sandfire Resources current price have moved downwards on high volume. Currently, the Ease of Movement is -0.789

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Stochastic Oscillator /
Stochastic Oversold signal is still current for Sandfire Resources [Bullish]

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

SFR.AX: Current trading activity signals DVI distribution is active
Daily Volume Index /
SFR.AX: Current trading activity signals DVI distribution is active

[BEARISH]: Sandfire Resources (ASX:SFR) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -11035.

Momentum /
Sandfire Resources currently has negative momentum of -0.44

[BEARISH]: Sandfire Resources currently has negative momentum of -0.44 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.8%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -3.8%.

Percentage Volume /
Percentage volume oscillator is now negative for SFR

[BEARISH CROSSOVER]: Sandfire Resources currently has negative PVO -2.18%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Short White Candle /
SFR Basic Candle: Short White

[BULLISH WEAK]: Sandfire Resources has formed a Short White candlestick. This means, SFR has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Sandfire Resources: 3rd timeframe trend Uptrend remains intact
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 Jul 13 2018.

Donchian Overbought signal continues for Sandfire Resources indicating downward price movement is likely
Donchian Channels /
Donchian Overbought signal continues for Sandfire Resources indicating downward price movement is likely

[BEARISH]: Sandfire Resources is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

On Balance Volume /
Sandfire Resources: Confirmation of stock accumulation

SFR: OBV Current Signal ->(1) 17 Aug: BULLISH (2) 16 Aug: BULLISH (3) 15 Aug: BULLISH

Exponential Moving Average /
The EMA trend following signal is still current for Sandfire Resources [Bearish]

[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 0.8%.

Relative Strength Index /
SFR: Relative Strength Index has traded above the oversold limit @31.4

SFR: RSI Current Signal -> (1) 17 Aug: BULLISH CROSSUNDER (2) 16 Aug: BEARISH CROSSOVER (3) 15 Aug: NEUTRAL

Daily trading performance for SFR has initiated a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for SFR has initiated a short term uptrend

[BULLISH]: Sandfire Resourcesbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for SFR adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.1 & the greatest daily positive change this year has been 6.7. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 14.5%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 3.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.5x. Over the last month the average daily upward movement has been 1.900000%

Sandfire Resources opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 47.6%. This suggests the buyers have lost commitment.
Open Tod Vs Close Tod /
Sandfire Resources opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 47.6%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Sandfire Resources opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 47.6%. This suggests the buyers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 15.4%.

CMF has a negative momentum of the acc/dist line
Chaikin Money Flow /
CMF has a negative momentum of the acc/dist line

Sandfire Resources (ASX:SFR): Chaikin Oscillator Current Signal -> (1) 17 Aug: BEARISH (2) 16 Aug: BEARISH (3) 15 Aug: BEARISH

Williams %R /
William %R for SFR is still below the oversold limit signalling a bullish movement

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

Medium Trend /
SFR: Medium term trend is still an Downtrend

[BEARISH]: Sandfire Resources is in an downtrend in the medium term timeframe. The current rally number is 21 & the highest rally count for the LTM is 21. The highest rally for the month is 13

Elders Force Index /
Price & volume confirms continued selling pressure for Sandfire Resources is likely

[BEARISH]: Sandfire Resources current price has highlighted recent selling pressure. Currently, the Elders Force Index is -20563.

Demarks Pivot Points /
DeMark pivot point for SFR is bearish. Stoploss should be positioned @$7.22

Sandfire Resources has broken the first DeMark support point ($7.155) [Bearish]. Look for a short limit order entry near this point. Exit price for SFR should be set @$7.1150 & short position stoploss for Sandfire Resources should be set at $7.22

The SMA trend following signal is still current for Sandfire Resources [Bearish]
Simple Moving Average /
The SMA trend following signal is still current for Sandfire Resources [Bearish]

[BEARISH]: Sandfire Resources currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.8%.

[Selling Pressure]: ERI has increased for Sandfire Resources during the last trading session
Elder Ray Index /
[Selling Pressure]: ERI has increased for Sandfire Resources during the last trading session

[BEARISH]: Sandfire Resources Elder Ray Index is signalling a Bearish movementERI is -0.442 indicating bear power. Prices are being driven below the consensus of value for SFR during the last trading session [Selling Pressure]

MACD Volume /
The Volume MACD continues to fall below the signal line for SFR [Bearish]

[BEARISH]: Sandfire Resources currently has negative Volume MACD of -32717. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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