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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Recent trading for Smartgroup fell short of the previous price range ($0.1850)
Price Range /
Recent trading for Smartgroup fell short of the previous price range ($0.1850)

[BEARISH]: Smartgroup current downtrend in the first timeframe. Currently, the Range is $0.1850.

Recent trading for Smartgroup has opened -1.6 % higher than previous session
Opening Price /
Recent trading for Smartgroup has opened -1.6 % higher than previous session

[BULLISH]: Smartgroup opening price has gapped up. Currently, the OPEN is $10.8200 (-1.6 %).

Elders Force Index /
Smartgroup: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Smartgroup current price has highlighted recent buying pressure. Currently, the Elders Force Index is 29361.0000.

Detrended Price Oscillator /
Detrended Price for SIQ has signalled bullish price movements are likely

[BULLISH]: Smartgroup currently has a confirmed uptrend. Price is currently above the displaced moving average for SIQCurrently, the return on DPO20 is 1.2%.

Triangular Moving Average /
The TMA trend following signal is still current for Smartgroup [Bearish]

[BEARISH]: Smartgroup 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 1.2%.

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for SIQ

[BULLISH]: Smartgroup current price have moved upwards on high volume. Currently, the Ease of Movement is 0.2160

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Accumulation / Distribution /
Distribution still active for Smartgroup

[BEARISH]: Smartgroup current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -2764297.0000. day.

Smartgroup: Average Directional Index (11.8300) has confirmed a weak trend is present
Average Directional Movement /
Smartgroup: Average Directional Index (11.8300) has confirmed a weak trend is present

[Weak Trend]: ADX for SIQ has confirmed a weak trend is presentSmartgroup has an ATR(14) of 0.2500, a DX of 3.4400 & an ADX(14) of 11.8300

SIQ Basic Candle: Short White
Short White Candle /
SIQ Basic Candle: Short White

[BULLISH WEAK]: Smartgroup has formed a Short White candlestick. This means, SIQ has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Fibonacci Extensions /
Stoploss for Smartgroup should be set at $21.3400

Smartgroup: The current Fibonacci Extension levels are: (23.61%) $10.6100: (38.2%) $10.7600: (50%) $10.8800: (61.8%) $10.9900The current support levels are: (78.6%) $11.1600: (100%) $11.3700: (138.2%) $11.7500: (161.8%) $11.9800: (261.8%) $12.9700: (423.61%) $14.5700

Percentage Price /
PPO continues to signal a continuation of upward price rise for Smartgroup

[BULLISH]: Smartgroup currently has positive PPO 0.0000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for SIQ

[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 1.2%.

Smartgroup: Momentum(5)
Momentum /
Smartgroup: Momentum(5)

SIQ: MOM Current Signal -> (1) 24 Apr: BEARISH (2) 23 Apr: BEARISH CROSSOVER (3) 24 Apr: BULLISH

SIQ has achieved a lower high of $10.9800 (-0.5 %)
High Price /
SIQ has achieved a lower high of $10.9800 (-0.5 %)

[BEARISH]: Smartgroup current downtrend in the first timeframe. Currently, the HIGH is -0.5 %.

Average True Range /
Smartgroup: Average True Range (0.2500) has confirmed an downtrend is present

SIQ: Average True Range Recent Trading -> (1) 24 Apr: 0.2500 (2) 23 Apr: 0.2520 (3) 20 Apr: 0.2480

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

[BEARISH CROSSOVER]: Smartgroup currently has negative rate of change of -6.0000%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.2000%.

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 0.0960 indicating bull power. Prices are being driven above the consensus of value for SIQ during the last trading session [Buying Pressure]

[Bearish]: Trend following indicator for SIQ highlights downward price direction is likely
Simple Moving Average /
[Bearish]: Trend following indicator for SIQ highlights downward price direction is likely

[BULLISH]: Smartgroup currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.2%.

SIQ: Current trading activity signals DVI accumulation is active
Daily Volume Index /
SIQ: Current trading activity signals DVI accumulation is active

[BULLISH]: Smartgroup current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 86.0000.

Smartgroup opened in the lower part of daily range at 13.500000000000000% & closed in the middle part of the trading range at 45.900000000000000%. This suggests the buyers have lost commitment.
Open Tod Vs Close Tod /
Smartgroup opened in the lower part of daily range at 13.500000000000000% & closed in the middle part of the trading range at 45.900000000000000%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Smartgroup opened in the lower part of daily range at 13.500000000000000% & closed in the middle part of the trading range at 45.900000000000000%. This suggests the buyers have lost commitment. Over the last 12 months there has been 36 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 13.7%. Over the last month there has been 5 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 29.4%.

Pivot Points /
Smartgroup has moved above the R1 pivot point ($10.9750) [Bullish]

Smartgroup has broken the first resistance point ($10.9750) [Bullish]. Look for a long limit order entry near this point. Exit price for SIQ should be set @$11.0700 & Stoploss for Smartgroup should be set between $10.7000 & $10.6050

MACD /
MACD for Smartgroup continues to gain momentum @0.0140

[BULLISH]: Smartgroup currently has positive MACD of 0.0140. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -1.1%.

Closing Price /
Recent trading for SIQ has beaten the previous close by 1.2 % [Uptrend]

SIQ: CLOSE Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BEARISH (3) 20 Apr: BEARISH

Rate of Change /
Smartgroup: Rate of change (1.9680)

SIQ: ROC Current Signal -> (1) 24 Apr: BULLISH CROSSOVER (2) 23 Apr: BEARISH CROSSOVER (3) 24 Apr: BULLISH

Smartgroup is in a short term downtrend with the closing price @$10.8800
Weighted Moving Average /
Smartgroup is in a short term downtrend with the closing price @$10.8800

[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 1.2%.

[Low Stress]: Low drawdown associated with recent trading of SIQ
Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of SIQ

[BEARISH]: Smartgroup UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.5670.

Demarks Pivot Points /
Smartgroup has moved above the R1 DeMark pivot point ($10.9088) [Bullish]

Smartgroup has broken the first DeMark resistance point ($10.9088) [Bullish]. Look for a long limit order entry near this point. Exit price for SIQ should be set @$11.0230 & Stoploss for Smartgroup should be set at $10.8380

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