SHM | Australian Securities Exchange

Shriro
+ Share

Confirmation of Shriro is currently being distributed
Accumulation / Distribution /
Confirmation of Shriro is currently being distributed

[BEARISH]: Shriro (ASX:SHM) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -4.08909e+006.

[Long]: Entry price for SHM should be set @$1.076
Pivot Points /
[Long]: Entry price for SHM should be set @$1.076

Shriro has broken the first resistance point ($1.076) [Bullish]. Look for a long limit order entry near this point. Exit price for SHM should be set @$1.103 & Stoploss for Shriro should be set between $1.023 & $0.996

MACD Volume /
Positive momentum on the Volume MACD histogram for SHM has been confirmed & supports a bullish move is likely

SHM: Volume MACD Current Signal -> (1) 21 Aug: BULLISH CROSSOVER (2) 20 Aug: BEARISH (3) 17 Aug: BEARISH

Percentage Price /
Shriro currently has negative PPO -2.789

[BEARISH]: Shriro currently has negative PPO -2.789%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Dark Cloud Cover /
Shriro (SHM): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Shriro has formed a new bearish Dark Cloud Cover reversal pattern. This means, SHM has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Simple Moving Average /
[Bullish]: Trend following indicator for SHM highlights upward price direction is likely

SHM: SMA(5) Current Signal -> (1) 21 Aug: BULLISH (2) 20 Aug: BULLISH CROSSOVER (3) 17 Aug: BEARISH CROSSOVER

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

Shriro has broken the first DeMark resistance point ($1.0600) [Bullish]. Look for a long limit order entry near this point. Exit price for SHM should be set @$1.07 & Stoploss for Shriro should be set at $1.03

Close Tod Vs Close Yest /
Shriro: Share price fall (-0.5% signals sellers are now keener than buyers

[BEARISH]: Shrirosellers are keener than buyers and are driving the price down. This is the first day of price decline for SHM adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -7.5 & the greatest daily negative change this year has been -95.5. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -97.2%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -97.2%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -1.300000%

Shriro has broken above the 161.8% extension level ($0.74) [Bearish]
Fibonacci Extensions /
Shriro has broken above the 161.8% extension level ($0.74) [Bearish]

Shriro: The current Fibonacci Extension levels are: (23.61%) $1.02: (38.2%) $1.05: (50%) $1.07: (61.8%) $1.09The current support levels are: (78.6%) $1.12: (100%) $1.16: (138.2%) $1.23: (161.8%) $1.27: (261.8%) $1.45: (423.61%) $1.74

[Bullish]: Elder Ray Index is 0.041 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.041 indicating bull power

[BULLISH]: Shriro Elder Ray Index is signalling a Bullish movementERI is 0.041 indicating bull power. Prices are being driven above the consensus of value for SHM during the last trading session [Buying Pressure]

Detrended Price Oscillator /
[Bearish]: Displaced moving average is currently above the price for SHM

[BEARISH]: Shriro currently has a confirmed downtrend. Price is currently below the displaced moving average for SHM. Currently, the return on DPO20 is -0.5%.

Shooting Star /
Shriro: Shooting Star

SHM: Star Recent Trading -> (1) 21 Aug: Shooting Star (2) 20 Aug: (3) 17 Aug:

Chaikin Money Flow /
CMF highlights continued negative divergence for Shriro

[BEARISH]: Shriro current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.65. Shriro (ASX:SHM) received a confirmed CMF crossover days on the Aug 9 2018. The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.65 occurring on the Aug 9 2018.

Shriro: Momentum(5)
Momentum /
Shriro: Momentum(5)

[BULLISH]: Shriro currently has positive momentum of 0.035. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.5%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 2.4%.

SHM Basic Candle: Black
Black Candle /
SHM Basic Candle: Black

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

Money Flow Index /
The MFI for Shriro has returned to stable trading conditions

[NEUTRAL]: Shriro (ASX:SHM) current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 50.02. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 58.17.

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-60) for Shriro

[BEARISH]: Shriro has a current ARO(25) of -60. This has change 0 points from yesterday.

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

[BULLISH]: Shriro 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 -0.5%.

Shriro: Confirmation of stock distribution
On Balance Volume /
Shriro: Confirmation of stock distribution

SHM: OBV Current Signal ->(1) 21 Aug: BEARISH (2) 20 Aug: BEARISH (3) 17 Aug: BEARISH

Drawdown for Shriro is currently high signalling high stress
Ulcer Index /
Drawdown for Shriro is currently high signalling high stress

[BULLISH]: Shriro UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 9.284.

Moving Average Envelope /
Closing price ($1.05) for SHM is still below the Lower Envelope Band

[BEARISH]: Shriro current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 1.134.

Range Tod Vs Range Yest /
This is the first day buyers have increased eagerness for SHM adding strength to an uptrend in the first timeframe.

[BULLISH]: Shriro buyers are increasingly eager. This is the first day buyers have increased eagerness for SHM adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1450. & the greatest daily price range this year has been $0.7700. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.2x.

Average Directional Movement /
Shriro has signalled an Average Directional Index strong trend present

[Trend]: ADX for SHM has confirmed a strong trend is present. Shriro has an ATR(14) of 0.034, a DX of 1.1 & an ADX(14) of 27.12

Medium Trend /
Shriro has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Shriro is in an uptrend in the medium term timeframe. The current rally number is 75 & the highest rally count for the LTM is 83. The highest rally for the month is 15

Shriro currently has positive volume rate of change for 2663
Volume Rate of Change /
Shriro currently has positive volume rate of change for 2663

SHM: VROC Recent Trading -> (1) 21 Aug: 2663.0000 (2) 20 Aug: 77.0000 (3) 17 Aug: 379.0000

Price continues to trade above the Weighted Moving Average(5) for SHM
Weighted Moving Average /
Price continues to trade above the Weighted Moving Average(5) for SHM

[BULLISH]: Shriro 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 -0.5%.

Triangular Moving Average /
The TMA trend following signal is still current for Shriro [Bullish]

SHM: TMA Current Signal -> (1) 21 Aug: BULLISH (2) 20 Aug: BULLISH CROSSOVER (3) 17 Aug: BEARISH CROSSOVER

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