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

Shriro
+ Share

High for SHM has not surpassed the high of the previous trading session
High Price /
High for SHM has not surpassed the high of the previous trading session

[BEARISH]: Shriro current downtrend in the first timeframe. Currently, the HIGH is -0.1 %.

The SMA trend following signal is still current for Shriro [Bullish]
Simple Moving Average /
The SMA trend following signal is still current for Shriro [Bullish]

SHM: SMA(5) Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH CROSSOVER

Range Tod Vs Range Yest /
Sellers are still less eager for Shriro given the price range is contracting

SHM: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Williams %R /
William %R for SHM has crossed below the oversold limit triggering a bullish crossover signal

[BEARISH]: Shriro is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for SHM

SHM: Aroon Oscillator Recent Trading -> (1) 11 Jan: 16 (2) 11 Jan: 88 (3) 11 Jan: 48

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

[BEARISH CROSSOVER]: Shriro currently has negative rate of change of -73%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.3%.

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Moving Average Envelope /
SHM: Price continues to move below the Lower Envelope Band @$1.5295

[BULLISH]: Shriro current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.5295.

Elders Force Index (-371) has signalled selling pressure has initiated for SHM
Elders Force Index /
Elders Force Index (-371) has signalled selling pressure has initiated for SHM

[BEARISH]: Shriro current price has highlighted recent selling pressure. Currently, the Elders Force Index is -371.

The 161.8% Fibonacci extension level for SHM has moved to the upper limit. Stoploss should be positioned @$0.37
Fibonacci Extensions /
The 161.8% Fibonacci extension level for SHM has moved to the upper limit. Stoploss should be positioned @$0.37

Shriro has moved above the 161.8% level ($0.49) [Bearish]. Look for a short limit order entry near this point. Exit price for SHM should be set @$0.61 & short position stoploss for Shriro should be set at $0.37

Daily Volume Index /
Accumulation DVI signal for Shriro is confirmed

[BULLISH]: Shriro current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Camarilla Pivot Points /
Camarilla pivot point for SHM is bearish. Stoploss should be positioned @$1.845

Shriro current pivot point Camarilla is: $1.588. The current resistance levels are: (R1) $1.712: (R2) $1.845: (R3) $1.977: (R4) $2.374The current support levels are: (S1) $1.448: (S2) $1.315: (S3) $1.183: (S4) $0.786

Close Tod Vs Range Tod /
Shriro: Close versus price range (0%.)

[BEARISH]: Shriro sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Shriro adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 102 trading days with the closing price in the lower part of the range giving a confirmation ratio of 39.1%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Shriro: Stoploss for short position should be set between $1.58625 & $1.593
Demarks Pivot Points /
Shriro: Stoploss for short position should be set between $1.58625 & $1.593

Shriro has broken the first DeMark support point ($1.58625) [Bearish]. Look for a short limit order entry near this point. Exit price for SHM should be set @$1.568 & short position stoploss for Shriro should be set at $1.593

Shriro: Stoploss for short position should be set between $1.613 & $1.621
Pivot Points /
Shriro: Stoploss for short position should be set between $1.613 & $1.621

Shriro has broken the first support point ($1.571) [Bearish]. Look for a short limit order entry near this point. Exit price for SHM should be set @$1.563 & short position stoploss for Shriro should be set between $1.613 & $1.621

Price Range /
[Bearish]: Shriro has failed beat previous trading range

[BEARISH]: Shriro current downtrend in the first timeframe. Currently, the Range is $0.025.

Rate of Change /
Rate of change is now building for Shriro signalling a short term downtrend is likely

[BEARISH CROSSOVER]: Shriro currently has negative rate of change of -4.8%. 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

Opening Price /
Shriro: Daily opening performance is 1.3 % [Downntrend]

[BEARISH]: Shriro opening price has gapped down. Currently, the OPEN is $1.59 (1.3 %).

[Bearish]: Lower close has formed for SHM by -1.2 % during the last trading session
Closing Price /
[Bearish]: Lower close has formed for SHM by -1.2 % during the last trading session

[BEARISH]: Shriro current downtrend in the first timeframe. Currently, the Close is $1.58.

Bullish trading conditions for Shriro has been signalled from the DPO (0.0067)
Detrended Price Oscillator /
Bullish trading conditions for Shriro has been signalled from the DPO (0.0067)

[BULLISH]: Shriro currently has a confirmed uptrend. Price is currently above the displaced moving average for SHMCurrently, the return on DPO20 is -1.3%.

Percentage Price /
Shriro: Price Percentage Oscillator

[BULLISH]: Shriro currently has positive PPO 1.000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Bill Williams Market Facilitation /
Recent trading has confirmed a Fake Day for Shriro

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

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.015 indicating bull power

[BULLISH]: ShriroElder Ray Index is signalling a Bullish movementERI is 0.015 indicating bull power. Prices are being driven above the consensus of value for SHM during the last trading session [Buying Pressure]

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of SHM

SHM: UIX Current Signal -> (1) 11 Jan: High stress (2) 11 Jan: Low stress (3) 11 Jan: Low stress

Volume MACD oscillator remains positive for SHM
MACD Volume /
Volume MACD oscillator remains positive for SHM

[BULLISH]: Shriro currently has positive Volume MACD of 2546. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Open/close reversal:  Sellers have taken control during the trading day for Shriro
Open Tod Vs Close Tod /
Open/close reversal: Sellers have taken control during the trading day for Shriro

[BEARISH]: Shriro opened in the middle part of daily range at 40% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 30 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 11.5%. Over the last month there has been 3 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 37.5%.

Close Tod Vs Close Yest /
Daily trading performance for SHM has initiated a short term downtrend

SHM: Recent performance signals ->(1) 11 Jan: NEUTRAL (2) 11 Jan: BULLISH (3) 11 Jan: NEUTRAL

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