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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SGM Basic Candle: White
White Candle /
SGM Basic Candle: White

[BULLISH]: Sims has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Sims : Momentum(5)
Momentum /
Sims : Momentum(5)

SGM: MOM Recent Trading -> (1) 19 Apr: 1.1 (2) 18 Apr: 0.89 (3) 17 Apr: 0.26

Closing Price /
SGM: Closing price of $15.9 (2.3000000000000000 %)

SGM: CLOSE Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BEARISH

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

[BULLISH WEAK]: Sims opened in the lower part of daily range at 12.8% & closed in the middle part of the trading range at 41%. This suggests the buyers have lost commitment. Over the last 12 months there has been 29 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 11%. 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 14.3%.

Price Range /
[Bearish]: Range has decreased for SGM during the last trading session

[BEARISH]: Sims current downtrend in the first timeframe. Currently, the Range is $0.39.

MACD Volume /
Sims : Volume MACD @36692 [Bullish]

[BULLISH]: Sims currently has positive Volume MACD of 36692. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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Exponential Moving Average /
Sims is in a short term uptrend with the closing price @$15.9

[BULLISH]: Sims currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.3%.

[Long]: Exit price for SGM should be set @$16.308
Woodie Pivot Point /
[Long]: Exit price for SGM should be set @$16.308

Sims has broken the first Woodie resistance point ($16.096) [Bullish]. Look for a long limit order entry near this point. Exit price for SGM should be set @$16.308 & Stoploss for Sims should be set at $15.528

Bullish conditions for SGM are likely to continue based on EFI (162038)
Elders Force Index /
Bullish conditions for SGM are likely to continue based on EFI (162038)

[BULLISH]: Sims current price has highlighted recent buying pressure. Currently, the Elders Force Index is 162038.

Daily Volume Index /
SGM: Current trading activity signals DVI accumulation is active

[BULLISH]: Sims current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 887.

Relative Strength Index /
Relative Strength overbought signal had been initiated for Sims

[BEARISH]: Sims is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @71.6140

Weighted Moving Average /
[Uptrend]: Recent trading for SGM indicates ST trend is likely to continue

[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 2.3%.

SGM: Price continues to move below the Lower Envelope Band @$14.4115
Moving Average Envelope /
SGM: Price continues to move below the Lower Envelope Band @$14.4115

[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 14.4115.

Rate of change(14) is increasing for Sims
Rate of Change /
Rate of change(14) is increasing for Sims

[BULLISH]: Sims currently has positive rate of change of 10.1%. 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

Low Price /
[Bullish]: New low has formed for SGM by 3.3000000000000000 % during the last trading session

[BEARISH]: Sims current uptrend in the first timeframe. Currently, the Low is $15.74 (3.3000000000000000 %).

Volume /
Sims : Daily volume is 1.20682e+006 [Lower Volume]

[BEARISH]: Sims current volume downtrend in the first timeframe. Volume for SGM is1.20682e+006 (-24).

Fibonacci Extensions /
Stoploss for Sims should be set at $2.03

Sims has moved above the 161.8% level ($2.27) [Bearish]. Look for a short limit order entry near this point. Exit price for SGM should be set @$2.51 & short position stoploss for Sims should be set at $2.03

Sims : Detrended Price Oscillator(20) is 0.704
Detrended Price Oscillator /
Sims : Detrended Price Oscillator(20) is 0.704

[BULLISH]: Sims currently has a confirmed uptrend. Price is currently above the displaced moving average for SGMCurrently, the return on DPO20 is 2.3%.

Sims  is being actively distributed based on OBV
On Balance Volume /
Sims is being actively distributed based on OBV

[BEARISH]: Sims current price has highlighted recent distribution. Currently, the OBV is -2.27841e+006.

Buyers continue to be keener than sellers for Sims  & are driving the price up.
Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Sims & are driving the price up.

[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 4.4 & the greatest daily positive change this year has been 4.4. 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 4 days giving a total rally upward movement of 7.9%. 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 2.1%

Medium Trend /
Sims : 2nd timeframe trend Uptrend remains intact

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

Williams %R /
[Neutral]: Sims current trading has moved to overbought status

SGM: William %R Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH CROSSOVER (3) 17 Apr: BULLISH CROSSUNDER

Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for SGM

[BEARISH]: Sims currently has negative PPO -0.500%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Accumulation / Distribution /
Accumulation still active for Sims

[BULLISH]: Sims current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 244801. day.

Stoploss for Sims  should be set between $15.82
Demarks Pivot Points /
Stoploss for Sims should be set between $15.82

Sims has broken the first DeMark resistance point ($15.975) [Bullish]. Look for a long limit order entry near this point. Exit price for SGM should be set @$16.21 & Stoploss for Sims should be set at $15.82

Potential continuation of a trend reversal (Bearish) for Sims
Commodity Channel Index /
Potential continuation of a trend reversal (Bearish) for Sims

[BEARISH]: Sims current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 209. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 209.

Stochastic Oscillator /
Sims is no longer overbought and normal trading conditions are resumed

SGM: Stochastic Oscillator Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

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