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

Smartgroup
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Smartgroup: ADX(25.46) has signalled a strong trend is current
Average Directional Movement /
Smartgroup: ADX(25.46) has signalled a strong trend is current

[Trend]: ADX for SIQ has confirmed a strong trend is presentSmartgroup has an ATR(14) of 0.288, a DX of 27.62 & an ADX(14) of 25.46

Smartgroup is in a short term uptrend with the support price @$11.271
Triangular Moving Average /
Smartgroup is in a short term uptrend with the support price @$11.271

[BULLISH]: Smartgroup currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -3.2%.

Percentage Price /
The current price is now gaining momentum through a rise for SIQ on the short term EMA.

[BULLISH CROSSOVER]: Smartgroup currently has positive PPO 2.600%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Weighted Moving Average /
[Bullish]: WMA(30) is serving as a support line for Smartgroup

[BEARISH]: Smartgroup 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 -3.2%.

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Smartgroup

[BEARISH]: Smartgroup UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.067.

On Balance Volume /
Smartgroup: Current trading activity signals OBV accumulation is present

[BULLISH]: Smartgroup current price has highlighted recent accumulation. Currently, the OBV is 1.88501e+006.

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Pivot Reversal /
A short term Pivot Reversal has formed with Smartgroup

[BEARISH]: A short term Pivot Reversal has formed with Smartgroup which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 18 occurrences of this bar reversal giving a signal probability of 6.9%.

[Fake Day]: MFI indicator is up, volume is down SIQ
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down SIQ

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

Smartgroup: EMA(15) $11.1584 is above the EMA(30) @$10.8804
Exponential Moving Average /
Smartgroup: EMA(15) $11.1584 is above the EMA(30) @$10.8804

[BEARISH]: Smartgroup currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -3.2%.

Demarks Pivot Points /
Smartgroup has moved above the R1 DeMark pivot point ($11.3375) [Bullish]

Smartgroup has broken the first DeMark resistance point ($11.3375) [Bullish]. Look for a long limit order entry near this point. Exit price for SIQ should be set @$11.435 & Stoploss for Smartgroup should be set at $11.135

MACD Volume /
The volume MACD continues to rise above the signal line for SIQ [Bullish]

[BULLISH]: Smartgroup currently has positive Volume MACD of 13747. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Black Candle /
SIQ Basic Candle: Black

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

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

[BEARISH]: Smartgroup current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 11.3295.

The simple moving average and past price for SIQ has confirmed bullish trading conditions
Detrended Price Oscillator /
The simple moving average and past price for SIQ has confirmed bullish trading conditions

[BULLISH]: Smartgroup currently has a confirmed uptrend. Price is currently above the displaced moving average for SIQCurrently, the return on DPO20 is -3.2%.

Range Tod Vs Range Yest /
Smartgroup: Range Performance (-21.1)

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

Average True Range /
Smartgroup: ATR (0.288) has signalled an uptrend is current

[Bullish]: Average True Range has confirmed an uptrend is present. Smartgroup has a TR of 0.46, and an ATR(14) of 0.288.

Price Range /
SIQ has achieved a lower range ($0.3)

[BEARISH]: Smartgroup current downtrend in the first timeframe. Currently, the Range is $0.3.

Smartgroup currently has negative rate of change for -0.788
Rate of Change /
Smartgroup currently has negative rate of change for -0.788

[BEARISH]: Smartgroup currently has negative rate of change of -0.8%. 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

Bullish conditions for SIQ are likely to continue based on EFI (5544)
Elders Force Index /
Bullish conditions for SIQ are likely to continue based on EFI (5544)

[BULLISH]: Smartgroup current price has highlighted recent buying pressure. Currently, the Elders Force Index is 5544.

Negative VROC confirmation for SIQ is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC confirmation for SIQ is a leading indicator for continued price fall

SIQ: VROC Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH CROSSOVER

Pivot Points /
Smartgroup: Look for a long limit order entry @$11.5

Smartgroup current pivot point is: 11.37. The current resistance levels are: (R1) $11.5: (R2) $11.67: (R3) $11.8: The current support levels are: (S1) $11.2: (S2) $11.07: (S3) $10.9

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

SIQ: HIGH Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for SIQ

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

Percentage Volume /
Volume for Smartgroup continues to lose momentum @-8.3)

[BEARISH]: Smartgroup currently has negative PVO -8.3%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.7%.

Smartgroup currently has positive momentum of 0.18
Momentum /
Smartgroup currently has positive momentum of 0.18

[BULLISH]: Smartgroup currently has positive momentum of 0.18. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -3.2%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 2.7%%.

Trading session closed lower on low volume for Smartgroup [Bearish]
Ease of Movement /
Trading session closed lower on low volume for Smartgroup [Bearish]

SIQ: EOM Recent Trading -> (1) 11 Jan: -93.667 (2) 11 Jan: 0.692 (3) 11 Jan: 0.369

Elder Ray Index /
Daily trading has increased the bull power to drive prices for Smartgroup

[BULLISH]: SmartgroupElder Ray Index is signalling a Bullish movementERI is 0.334 indicating bull power. Prices are being driven above the consensus of value for SIQ during the last trading session [Buying Pressure]

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