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

Shine Corporate
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Shine Corporate has broken the first Camarilla support point ($0.637) [Bearish]
Camarilla Pivot Points /
Shine Corporate has broken the first Camarilla support point ($0.637) [Bearish]

Shine Corporate has broken the first Camarilla support point ($0.637) [Bearish]. Look for a short limit order entry near this point. Exit price for SHJ should be set @$0.579 & short position stoploss for Shine Corporate should be set between $0.811 & $0.869

[Buying Pressure]: EFI (223) confirms bullish conditions for Shine Corporate
Elders Force Index /
[Buying Pressure]: EFI (223) confirms bullish conditions for Shine Corporate

[BULLISH]: Shine Corporate current price has highlighted recent buying pressure. Currently, the Elders Force Index is 223.

Opening Price /
Shine Corporate: Daily opening price is $0.695

SHJ: OPEN Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: NEUTRAL (3) 09 Jan: BEARISH

MACD /
MACD for Shine Corporate continues to lose momentum @-0.002000

[BEARISH]: Shine Corporate currently has negative MACD of -0.002000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 4.5%.

Low Price /
Recent trading for Shine Corporate has surpassed the previous low by 4.5 %

[BEARISH]: Shine Corporate current uptrend in the first timeframe. Currently, the Low is $0.695 (4.5 %).

Average True Range /
Daily trading has confirmed an ATR downtrend (0.027) for Shine Corporate

[Bearish]: Average True Range has confirmed an downtrend is present. Shine Corporate has a TR of 0, and an ATR(14) of 0.027.

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MACD Volume /
The Volume MACD for SHJ is gaining momentum through a rise on the short term EMA

[BULLISH]: Shine Corporate currently has positive Volume MACD of 1691. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Stochastic oversold signal had been cancelled for Shine Corporate
Stochastic Oscillator /
Stochastic oversold signal had been cancelled for Shine Corporate

SHJ: Stochastic Oscillator Trading -> (1) 11 Jan: 75 (2) 11 Jan: 24.2 (3) 11 Jan: 8.9

Shine Corporate has moved below the S1 pivot point ($0.695) [Bearish]
Pivot Points /
Shine Corporate has moved below the S1 pivot point ($0.695) [Bearish]

Shine Corporate has broken the first support point ($0.695) [Bearish]. Look for a short limit order entry near this point. Exit price for SHJ should be set @$0.695 & short position stoploss for Shine Corporate should be set between $0.695 & $0.695

Medium Trend /
Shine Corporate: Medium term trend (Uptrend)

SHJ: Medium Term Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CONFIRM (3) 11 Jan: BEARISH CONFIRM

Percentage Volume /
Percentage volume oscillator remains negative for SHJ

[BEARISH]: Shine Corporate currently has negative PVO -42.5%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 4.5%.

Commodity Channel Index /
Shine Corporate is no longer oversold @ 83

[NEUTRAL]: Shine Corporate current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is 83. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was 8.

Recent trading signals Shine Corporate is being accumulated
On Balance Volume /
Recent trading signals Shine Corporate is being accumulated

[BULLISH]: Shine Corporate current price has highlighted recent accumulation. Currently, the OBV is 1.341e+006.

Shine Corporate: Elder Ray Index is 0.013 [Bullish]
Elder Ray Index /
Shine Corporate: Elder Ray Index is 0.013 [Bullish]

[BULLISH]: Shine CorporateElder Ray Index is signalling a Bullish movementERI is 0.013 indicating bull power. Prices are being driven above the consensus of value for SHJ during the last trading session [Buying Pressure]

Ulcer Index /
Drawdown for Shine Corporate is currently low signalling low stress

[BEARISH]: Shine Corporate UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.625.

Exponential Moving Average /
The EMA trend following signal is now active for Shine Corporate [Bullish]

[BULLISH]: Shine Corporate 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 0%.

Simple Moving Average /
The SMA trend following signal is now active for Shine Corporate [Bullish]

[BEARISH]: Shine Corporate 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%.

Strong price performance from SHJ has seen a higher high of 0 % [Uptrend]
High Price /
Strong price performance from SHJ has seen a higher high of 0 % [Uptrend]

SHJ: HIGH Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: NEUTRAL (3) 09 Jan: NEUTRAL

Positive ROC confirmation for Shine Corporate is a leading indicator for continued price rise
Rate of Change /
Positive ROC confirmation for Shine Corporate is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Shine Corporate currently has positive rate of change of 7.8%. 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

Shine Corporate: Current trading activity signals DVI accumulation is present
Daily Volume Index /
Shine Corporate: Current trading activity signals DVI accumulation is present

SHJ: DVI Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

Aroon Oscillator /
[Uptrend]: Aroon oscillator (48) uptrend has been confirmed for SHJ

[BULLISH]: Shine Corporate has a current ARU(25) of 56 and a current ARD(25) of 8

Woodie Pivot Point /
Short positions for Shine Corporate should be set between $0.695 & $0.695

Shine Corporate has broken the first Woodie support point ($0.695) [Bearish]. Look for a short limit order entry near this point. Exit price for SHJ should be set @$0.695 & short position stoploss for Shine Corporate should be set at $0.695

Accumulation / Distribution /
Market conditions are indicating accumulation is now confirmed for SHJ

[BULLISH CROSSOVER]: Shine Corporate current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Shine Corporate indicating upward price movement is likely

SHJ: SWMA Recent Trading -> (1) 11 Jan: 0.684 (2) 11 Jan: 5.977 (3) 11 Jan: 4.407

Closing price for SHJ has crossed above the upper envelope triggering a bearish crossover signal
Moving Average Envelope /
Closing price for SHJ has crossed above the upper envelope triggering a bearish crossover signal

[BEARISH CROSSOVER]: Shine Corporate current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 0.6930.

Momentum(5) is decreasing for Shine Corporate
Momentum /
Momentum(5) is decreasing for Shine Corporate

[BEARISH]: Shine Corporate currently has negative momentum of -0.005 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -4.3%%.

Volume Rate of Change /
Negative VROC: Volume is now lower for Shine Corporate than 14 days ago

[BEARISH CROSSOVER]: Shine Corporate currently has negative rate of change of -100%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

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