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

Supply Network
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Positive VROC for Supply Network is a leading indicator for continued price rise
Volume Rate of Change /
Positive VROC for Supply Network is a leading indicator for continued price rise

[BULLISH]: Supply Network currently has positive volume of change of 1770%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.7%.

[Bullish]: TMA(5) is serving as a support line for Supply Network
Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Supply Network

[BULLISH]: Supply Network 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 1.7%.

Detrended Price Oscillator /
Supply Network: Detrended Price Oscillator(20) is 0.46 [Bullish Crossover]

[BULLISH]: Supply Network currently has a confirmed uptrend. Price is currently above the displaced moving average for SNL. Currently, the return on DPO20 is 1.7%.

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Supply Network & are driving the price up.

SNL: Recent Performance ->(1) 17 May: 1.7% (2) 17 May: 0.5% (3) 17 May: 2.6%

Percentage Price /
PPO: The shorter moving average for SNL is now above the longer term moving average

[BULLISH CROSSOVER]: Supply Network currently has positive PPO 2.375%. 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 Supply Network [Bullish]

SNL: WMA Current Signal -> (1) 17 May: BULLISH (2) 17 May: BULLISH CROSSOVER (3) 17 May: BEARISH CROSSOVER

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Ulcer Index /
Supply Network: Ulcer Index 1.691 [Low Stress]

[BEARISH]: Supply Network UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.691.

Supply Network: Look for a short limit order entry @$3.72
Fibonacci Retracements /
Supply Network: Look for a short limit order entry @$3.72

Supply Network has moved below the 61.8% retracement level ($3.72) [Bearish]. Look for a short limit order entry near this point. Exit price for SNL should be set @$3.58 & short position stoploss for Supply Network should be set between $3.62

Rate of change continues to build for Supply Network signalling a short term uptrend is likely
Rate of Change /
Rate of change continues to build for Supply Network signalling a short term uptrend is likely

[BULLISH]: Supply Network currently has positive rate of change of 15.873%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Volume /
Recent trading for Supply Network fell short of the previous volume by -43.7

[BEARISH]: Supply Network current volume downtrend in the first timeframe. Volume for SNL is 13091 (-43.7).

Opening Price /
Recent trading for Supply Network has opened 4.0 % higher than previous session

SNL: OPEN Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BEARISH

Camarilla Pivot Points /
Supply Network has broken the first Camarilla resistance point ($3.953) [Bullish]

Supply Network has broken the first Camarilla resistance point ($3.953) [Bullish]. Look for a long limit order entry near this point. Exit price for SNL should be set @$4.256 & Stoploss for Supply Network should be set between $3.044 & $2.741

Limit order for a long position has been identified for Supply Network [Bullish]
Pivot Points /
Limit order for a long position has been identified for Supply Network [Bullish]

Supply Network has broken the first resistance point ($3.664) [Bullish]. Look for a long limit order entry near this point. Exit price for SNL should be set @$3.677 & Stoploss for Supply Network should be set between $3.597 & $3.584

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

[BULLISH]: Supply Network currently has positive Volume MACD of 989. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Money Flow Index /
MFI Overbought signal is still current for Supply Network

[BULLISH]: Supply Network current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 83.51. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 14.7.

Medium Trend /
SNL: Medium term trend is still an Uptrend

[BULLISH]: Supply Network has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 15 2018.

Moving Average Envelope /
Supply Network is no longer oversold with the Lower Envelope Band @$3.1445

[NEUTRAL]: Supply Network current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 3.1445.

Relative Strength Overbought signal continues for Supply Network indicating downward price movement is likely
Relative Strength Index /
Relative Strength Overbought signal continues for Supply Network indicating downward price movement is likely

[BEARISH]: Supply Network is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @77

Bollinger Overbought signal continues for Supply Network indicating downward price movement is likely
Bollinger Bands /
Bollinger Overbought signal continues for Supply Network indicating downward price movement is likely

[BEARISH]: Supply Network is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 110.68% with a current width of 17.81.

Open/close reversal confirmed for Supply Network signalling the sellers have lost control
Open Tod Vs Close Tod /
Open/close reversal confirmed for Supply Network signalling the sellers have lost control

[BULLISH]: Supply Network opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 9 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 3.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 7.7%.

Elder Ray Index /
[Buying Pressure]: ERI has increased for Supply Network during the last trading session

[BULLISH]: Supply Network Elder Ray Index is signalling a Bullish movementERI is 0.25 indicating bull power. Prices are being driven above the consensus of value for SNL during the last trading session [Buying Pressure]

Percentage Volume /
Supply Network: Percentage Volume Oscillator (42.72)

[BULLISH]: Supply Network currently has positive PVO 42.72%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 7.9%.

Average True Range /
Average True Range for Supply Network has signalled an uptrend is active

[Bullish]: Average True Range has confirmed an uptrend is present. Supply Network has a TR of 0.06, and an ATR(14) of 0.06.

Close Tod Vs Range Tod /
SNL: Over the last 12 months there has been 36 trading days with the closing price in the upper part of the range giving a confirmation ratio of 13.7%.

[BULLISH]: Supply Network buyers are in control at the market close. This is the first day of buyer commitment for Supply Network adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 36 trading days with the closing price in the upper part of the range giving a confirmation ratio of 13.7%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 23.1%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 7 days in the lower range giving a ratio of 0.4x.

Supply Network: Look for a long limit order entry @$4.86
Fibonacci Extensions /
Supply Network: Look for a long limit order entry @$4.86

Supply Network: The current Fibonacci Extension levels are: (23.61%) $3.53: (38.2%) $3.46: (50%) $3.4: (61.8%) $3.33The current support levels are: (78.6%) $3.25: (100%) $3.14: (138.2%) $2.95: (161.8%) $2.82: (261.8%) $2.31: (423.61%) $1.49

Supply Network is in a short term uptrend with the support price @$3.5133
Exponential Moving Average /
Supply Network is in a short term uptrend with the support price @$3.5133

[BULLISH]: Supply Network currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.7%.

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