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

Sims
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Sims : Daily performance is 1.3 % [Uptrend]
Closing Price /
Sims : Daily performance is 1.3 % [Uptrend]

[BULLISH]: Sims current uptrend in the first timeframe. Currently, the Close is $17.01.

[Fake Day]: MFI indicator is up, volume is down SGM
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down SGM

Sims Currently is a confirmed Fake Day. MFI indicator is up, volume is down for SGM. Trend continuation possible for SGM from reduced trading activity.

Average Directional Movement /
Sims : Average Directional Index (23.78) has confirmed a weak trend is present

[Weak Trend]: ADX for SGM has confirmed a weak trend is presentSims has an ATR(14) of 0.574, a DX of 24.18 & an ADX(14) of 23.78

Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Sims

[BULLISH]: Sims currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.3%.

Pivot Points /
Limit order for a long position has been identified for Sims [Bullish]

Sims has broken the first resistance point ($17.436) [Bullish]. Look for a long limit order entry near this point. Exit price for SGM should be set @$17.863 & Stoploss for Sims should be set between $16.213 & $15.786

Coles Reaction Day /
[Bearish]: A lower low has been achieved for Sims

Sims : Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for SGM

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Percentage Volume /
SGM: The return on PVO is 7.9%.

[BULLISH]: Sims currently has positive PVO 19.6%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 7.9%.

Sims : Sellers have lost commitment.
Open Tod Vs Close Tod /
Sims : Sellers have lost commitment.

[BEARISH WEAK]: Sims opened in the upper part of daily range at 94.5% & closed in the middle part of the trading range at 44.8%. This suggests the sellers have lost commitment. Over the last 12 months there has been 34 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 13.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 9.1%.

The SWMA trend following signal is still current for Sims  [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Sims [Bullish]

[BULLISH]: Sims currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 1.3%.

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

[BULLISH CROSSOVER]: Sims currently has positive rate of change of 1.2%. 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

Momentum /
Positive momentum for SGM is a leading indicator for continued price rise

[BULLISH]: Sims currently has positive momentum of 0.73. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.3%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 8.8%%.

Accumulation / Distribution /
Confirmation of Sims is currently being distributed

[BEARISH]: Sims current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Sims : Look for a long limit order entry @$17.422
Woodie Pivot Point /
Sims : Look for a long limit order entry @$17.422

Sims has broken the first Woodie resistance point ($17.422) [Bullish]. Look for a long limit order entry near this point. Exit price for SGM should be set @$17.856 & Stoploss for Sims should be set at $16.206

The WMA trend following signal is still current for Sims  [Bullish]
Weighted Moving Average /
The WMA trend following signal is still current for Sims [Bullish]

[BULLISH]: Sims currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 1.3%.

Chaikin Money Flow /
Sims continues negative divergence & potential shift in direction

[BEARISH]: Sims current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.13. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.16

Average True Range /
Sims : Average True Range (0.574) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Sims has a TR of 0.825, and an ATR(14) of 0.574.

Close Tod Vs Close Yest /
This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4.8%

[BULLISH]: Sims buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for SGM adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.3 & the greatest daily positive change this year has been 3.4. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 15%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 4.8%. 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 1x. Over the last month the average daily upward movement has been 1.6%

Daily trading has maintained an Uptrend medium trend for Sims
Medium Trend /
Daily trading has maintained an Uptrend medium trend for Sims

[BULLISH]: Sims has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Feb 9 2018.

Price moved on low volume to close higher for the day for SGM [Easily Moved]
Ease of Movement /
Price moved on low volume to close higher for the day for SGM [Easily Moved]

SGM: EOM Current Signal -> (1) 16 Feb: BULLISH EASY (2) 15 Feb: BULLISH EASY (3) 14 Feb: BEARISH EASY

Sims : DVI(-2008)
Daily Volume Index /
Sims : DVI(-2008)

SGM: DVI Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Moving Average Envelope /
Closing price ($17.01) for SGM is still below the Lower Envelope Band

[BULLISH]: Sims current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 15.9600.

Percentage Price /
Sims currently has positive PPO 0.300

[BULLISH]: Sims currently has positive PPO 0.300%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Opening Price /
Recent trading for Sims has opened 4.2 % higher than previous session

[BULLISH]: Sims opening price has gapped up. Currently, the OPEN is $17.42 (4.2 %).

Fibonacci Extensions /
Sims has moved above the 161.8% extension level ($1.58) [Bearish]

Sims has moved above the 161.8% level ($1.58) [Bearish]. Look for a short limit order entry near this point. Exit price for SGM should be set @$1.71 & short position stoploss for Sims should be set at $1.45

Recent downward trend has increased drawdown exposure associated with Sims
Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Sims

[BULLISH]: Sims UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.082.

Sims : Volume MACD @131450 [Bullish]
MACD Volume /
Sims : Volume MACD @131450 [Bullish]

SGM: Volume MACD Recent Trading -> (1) 16 Feb: 131450 (2) 15 Feb: 111259 (3) 14 Feb: 62742

Volume /
Sims has failed to achieve a lower volume of 2.04656e+006 (-6.1)

[BEARISH]: Sims current volume downtrend in the first timeframe. Volume for SGM is2.04656e+006 (-6.1).

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