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

Sandfire Resources
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[Low Stress]: Low drawdown associated with recent trading of SFR
Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of SFR

[BEARISH]: Sandfire Resources UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.189.

Sandfire Resources: Volume MACD oscillator (18180)
MACD Volume /
Sandfire Resources: Volume MACD oscillator (18180)

[BULLISH]: Sandfire Resources currently has positive Volume MACD of 18180. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Demarks Pivot Points /
Sandfire Resources has moved below the S1 DeMark pivot point ($7.09875) [Bearish]

Sandfire Resources current pivot point (DeMark) is: (R1) $7.138. The current pivot point (DeMark) is: (S1) $7.002.

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

[BULLISH]: Sandfire Resources current downtrend in the first timeframe. Currently, the Low is $7.06 (-1.8 %).

Two Crows /
Sandfire Resources: Two Crows

[BEARISH]: Sandfire Resources has formed a new Two Crows reversal pattern.

MACD /
Positive momentum on the MACD histogram for SFR is maintained & supports a bullish move is likely

SFR: MACD Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

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Fibonacci Extensions /
The 161.8% Fibonacci extension level for SFR has moved to the upper limit. Stoploss should be positioned @$1.41

Sandfire Resources has moved above the 161.8% level ($1.48) [Bearish]. Look for a short limit order entry near this point. Exit price for SFR should be set @$1.55 & short position stoploss for Sandfire Resources should be set at $1.41

Recent trading indicates a continuation in T2 upward trend direction SFR [Uptrend]
Medium Trend /
Recent trading indicates a continuation in T2 upward trend direction SFR [Uptrend]

[BULLISH]: Sandfire Resources has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 8 2018.

Camarilla pivot point for SFR is bearish. Stoploss should be positioned @$8.265
Camarilla Pivot Points /
Camarilla pivot point for SFR is bearish. Stoploss should be positioned @$8.265

Sandfire Resources has broken the first Camarilla support point ($6.487) [Bearish]. Look for a short limit order entry near this point. Exit price for SFR should be set @$5.895 & short position stoploss for Sandfire Resources should be set between $8.265 & $8.858

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for SFR

[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 -1.7%.

Black Candle /
SFR Basic Candle: Black

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

Short Trend /
Daily bar has again closed the day with an Downtrend for SFR

[BEARISH]: Sandfire Resources is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

The SWMA trend following signal is still current for Sandfire Resources [Bearish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Sandfire Resources [Bearish]

[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 -1.7%.

Sandfire Resources: Chaikin Oscillator crossover has formed from increased selling pressure
Chaikin Money Flow /
Sandfire Resources: Chaikin Oscillator crossover has formed from increased selling pressure

[BEARISH CROSSOVER]: Sandfire Resources current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.08. During the quarter, the lowest CMF value was -0.08

Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Sandfire Resources

SFR: SMA(5) Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

On Balance Volume /
Traders are currently accumulating Sandfire Resources

[BULLISH]: Sandfire Resources current price has highlighted recent accumulation. Currently, the OBV is 4.58962e+006.

Moving Average Envelope /
Initiation of overbought signal for Sandfire Resources [Bearish Crossover]

[BEARISH CROSSOVER]: Sandfire Resources current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 7.0770.

Sandfire Resources: Percentage Volume Oscillator (0.6)
Percentage Volume /
Sandfire Resources: Percentage Volume Oscillator (0.6)

[BULLISH CROSSOVER]: Sandfire Resources currently has positive PVO 0.6%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

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

[BEARISH]: Sandfire ResourcesElder Ray Index is signalling a Bearish movementERI is -0.02 indicating bear power. Prices are being driven below the consensus of value for SFR during the last trading session [Selling Pressure]

DVI: Distribution has been initiated for Sandfire Resources
Daily Volume Index /
DVI: Distribution has been initiated for Sandfire Resources

[BEARISH CROSSOVER]: Sandfire Resources current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for SFR

[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 -1.7%.

Opening Price /
Price for SFR has opened weaker than close of the previous trading session

SFR: OPEN Recent Trading -> (1) 11 Jan: 7.18 (2) 10 Jan: 7.33 (3) 09 Jan: 7.29

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 -1.7%.

Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for SFR

[Trend]: ADX for SFR has confirmed a strong trend is presentSandfire Resources has an ATR(14) of 0.152, a DX of 32.92 & an ADX(14) of 41.31

5-day momentum is decreasing for Sandfire Resources
Momentum /
5-day momentum is decreasing for Sandfire Resources

SFR: MOM Recent Trading -> (1) 11 Jan: -0.17 (2) 11 Jan: -0.09 (3) 11 Jan: -0.015

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

[BEARISH]: Sandfire Resources sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Sandfire Resources adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 108 trading days with the closing price in the lower part of the range giving a confirmation ratio of 41.4%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Average True Range /
[Downtrend]: Average True Range (0.152) downtrend has been confirmed for SFR

[Bearish]: Average True Range has confirmed an downtrend is present. Sandfire Resources has a TR of 0.14, and an ATR(14) of 0.152.

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