Technical analysis from Shine Corporate (SHJ.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: Look for a long limit order entry @$1.0313
Demarks Pivot Points /
Shine Corporate: Look for a long limit order entry @$1.0313

Shine Corporate has broken the first DeMark resistance point ($1.0313) [Bullish]. Look for a long limit order entry near this point. Exit price for SHJ should be set @$1.043 & Stoploss for Shine Corporate should be set at $1.003

Oversold signal for the Lower Envelope band is still current for Shine Corporate
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Shine Corporate

[BULLISH]: Shine Corporate current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.969.

Momentum /
5-day momentum is decreasing for Shine Corporate

[BEARISH]: Shine Corporate currently has negative momentum of -0.02 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.4%.The largest downward momentum rally for the last 3 months is 8 days producing a return of -5.4%.

Elder Ray Index /
Buying pressure for SHJ highlights ability of buyers to drive the price upwards

[BULLISH]: Shine Corporate Elder Ray Index is signalling a Bullish movementERI is 0.021 indicating bull power. Prices are being driven above the consensus of value for SHJ during the last trading session [Buying Pressure]

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for SHJ

[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 -1.4%.

Closing Price /
Weaker price performance from SHJ has seen a lower close of -1.4 % [Downtrend]

[BEARISH]: Shine Corporate current downtrend in the first timeframe. Currently, the Close is $1.025.

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Volume Rate of Change /
Shine Corporate currently has negative volume rate of change for -63

[BEARISH]: Shine Corporate currently has negative rate of change of -63%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.4%.

Shine Corporate: MACD oscillator (-0.0054)
MACD /
Shine Corporate: MACD oscillator (-0.0054)

SHJ: MACD Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: BEARISH CROSSOVER (3) 15 Jun: BEARISH CROSSOVER

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

[BEARISH]: Shine Corporate 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 -1.4%.

Average True Range /
SHJ: Average True Range has confirmed an uptrend @0.032

SHJ: Average True Range Recent Trading -> (1) 19 Jun: 0.032 (2) 18 Jun: 0.031 (3) 15 Jun: 0.03

Close Tod Vs Close Yest /
Sellers continue to be keener than buyers for Shine Corporate & are driving the price down.

SHJ: Recent Performance ->(1) 19 Jun: -1.4% (2) 18 Jun: -1.9% (3) 15 Jun: 0.0%

Elders Force Index /
Elders Force Index (-1156) has signalled bearish conditions in recent trading for SHJ

[BEARISH]: Shine Corporate current price has highlighted recent selling pressure. Currently, the Elders Force Index is -1156.

Average Directional Index for Shine Corporate has signalled a weak trend is active
Average Directional Movement /
Average Directional Index for Shine Corporate has signalled a weak trend is active

[Weak Trend]: ADX for SHJ has confirmed a weak trend is present. Shine Corporate has an ATR(14) of 0.032, a DX of 1.86 & an ADX(14) of 21.72

Shine Corporate: Price Percentage Oscillator
Percentage Price /
Shine Corporate: Price Percentage Oscillator

[BULLISH]: Shine Corporate currently has positive PPO 2.229%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Weighted Moving Average /
The WMA trend following signal is still current for Shine Corporate [Bearish]

[BEARISH]: Shine Corporate 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 -1.4%.

Woodie Pivot Point /
[Long]: Limit orders for Shine Corporate should be set at $1.046

Shine Corporate has broken the first Woodie resistance point ($1.046) [Bullish]. Look for a long limit order entry near this point. Exit price for SHJ should be set @$1.073 & Stoploss for Shine Corporate should be set at $0.993

Ulcer Index /
Ulcer index has fallen as the price rises for Shine Corporate

[BEARISH]: Shine Corporate UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.996.

Shine Corporate opened in the middle part of daily range at 50% & closed in the lower part of the trading range at 12.5%. This suggests the sellers have taken control.
Open Tod Vs Close Tod /
Shine Corporate opened in the middle part of daily range at 50% & closed in the lower part of the trading range at 12.5%. This suggests the sellers have taken control.

[BEARISH]: Shine Corporate opened in the middle part of daily range at 50% & closed in the lower part of the trading range at 12.5%. This suggests the sellers have taken control. Over the last 12 months there has been 17 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 6.5%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 8.3%.

SHJ Basic Candle: Black
Black Candle /
SHJ Basic Candle: Black

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

Selling pressure for Shine Corporate continues - bearish signal
Chaikin Money Flow /
Selling pressure for Shine Corporate continues - bearish signal

[BEARISH]: Shine Corporate current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1. SHJ received a confirmed CMF crossover days on the Jun 13 2018. The bearish signal has been active for 6 days. During the quarter, the lowest CMF value was -0.23 occurring on the Jun 13 2018.

Close Tod Vs Range Tod /
Sellers of Shine Corporate were in control at the market close.

SHJ: Close versus price range Recent Trading ->(1) 19 Jun: 12.500000000000000% (2) 18 Jun: 50.000000000000000% (3) 15 Jun: 50.000000000000000%

Rate of Change /
Shine Corporate has initiated a negative rate of change of -1.442

[BEARISH CROSSOVER]: Shine Corporate currently has negative rate of change of -1.442%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Daily Volume Index /
Shine Corporate: Confirmation of stock distribution

[BEARISH]: Shine Corporate current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -435.

Accumulation / Distribution /
Traders are currently accumulating Shine Corporate

[BULLISH]: Shine Corporate current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 150533.

Shine Corporate: Detrended Price Oscillator(20) is 0.0227
Detrended Price Oscillator /
Shine Corporate: Detrended Price Oscillator(20) is 0.0227

[BULLISH]: Shine Corporate currently has a confirmed uptrend. Price is currently above the displaced moving average for SHJ. Currently, the return on DPO20 is -1.4%.

Shine Corporate: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Shine Corporate: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Shine Corporate is in an uptrend in the medium term timeframe. The current rally number is 253 & the highest rally count for the LTM is 253. The highest rally for the month is 12

Pivot Points /
Shine Corporate has moved above the R1 pivot point ($1.05) [Bullish]

Shine Corporate has broken the first resistance point ($1.05) [Bullish]. Look for a long limit order entry near this point. Exit price for SHJ should be set @$1.075 & Stoploss for Shine Corporate should be set between $0.995 & $0.97

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