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

Supply Network
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Oversold signal continues for Supply Network indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Supply Network indicating upward price movement is likely

[BULLISH]: Supply Network current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.2110.

CMF showing selling pressure & potential change in direction for SNL
Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for SNL

SNL: Chaikin Oscillator Recent Trading -> (1) 16 Feb: -0.12 (2) 15 Feb: -0.12 (3) 14 Feb: -0.1

Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 22.7%

[BULLISH]: Supply Networkbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for SNL adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.5 & the greatest daily positive change this year has been 4.5. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 22.7%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 1.3x. Over the last month the average daily upward movement has been 1.4%

Gap Up /
A short term Gap Up has formed with Supply Network

[BEARISH]: A short term Gap Up has formed with Supply Network which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 31 occurrences of this bar reversal giving a signal probability of 12.2%.

MACD Volume /
The Volume MACD continues to fall below the signal line for SNL [Bearish]

[BEARISH]: Supply Network currently has negative Volume MACD of -707. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Rate of Change /
14-day rate of change is decreasing for Supply Network

[BEARISH]: Supply Network currently has negative rate of change of -1.7%. 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

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

Supply Network has broken the first Woodie resistance point ($3.37) [Bullish]. Look for a long limit order entry near this point. Exit price for SNL should be set @$3.37 & Stoploss for Supply Network should be set at $3.37

William %R overbought signal has just been triggered for Supply Network
Williams %R /
William %R overbought signal has just been triggered for Supply Network

[BULLISH]: Supply Network is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Recent trading indicates an upward price direction SNL [Bullish]
Coles Reaction Day /
Recent trading indicates an upward price direction SNL [Bullish]

Supply Network: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for SNL

Sine Weighted Moving Average /
[Bullish]: Trend following indicator for SNL highlights upward price direction is likely

[BULLISH]: Supply Network 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 1.8%.

Detrended Price Oscillator /
[Downtrend]: Price for Supply Network is currently below the displaced moving average

[BEARISH]: Supply Network currently has a confirmed downtrend. Price is currently below the displaced moving average for SNLCurrently, the return on DPO20 is 1.8%.

Accumulation / Distribution /
Recent trading signals Supply Network is being distributed

SNL: ADLINE Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Stochastic Oscillator for SNL has crossed above the overbought limit triggering a bearish crossover signal
Stochastic Oscillator /
Stochastic Oscillator for SNL has crossed above the overbought limit triggering a bearish crossover signal

SNL: Stochastic Oscillator Signal -> (1) 16 Feb: BULLISH CROSSOVER (2) 15 Feb: NEUTRAL (3) 14 Feb: NEUTRAL

SNL: The return on PVO is 1.8%.
Percentage Volume /
SNL: The return on PVO is 1.8%.

[BEARISH]: Supply Network currently has negative PVO -4.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.8%.

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

SNL: TMA Recent Trading -> (1) 16 Feb: 3.298 (2) 15 Feb: 3.283 (3) 14 Feb: 3.275

Closing Price /
Recent trading for Supply Network has surpassed the previous close by 1.8 %

[BULLISH]: Supply Network current uptrend in the first timeframe. Currently, the Close is $3.37.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Supply Network indicating upward price movement is likely

[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 1.8%.

Volume rate of change(14) is decreasing for Supply Network
Volume Rate of Change /
Volume rate of change(14) is decreasing for Supply Network

[BEARISH]: Supply Network currently has negative rate of change of -14%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.8%.

Strong price performance from SNL has seen a lower low of 1.8 % [Uptrend]
Low Price /
Strong price performance from SNL has seen a lower low of 1.8 % [Uptrend]

SNL: LOW Current Signal -> (1) 16 Feb: BULLISH (2) 15 Feb: NEUTRAL (3) 14 Feb: NEUTRAL

Price for SNL has opened stronger than close of the previous trading session
Opening Price /
Price for SNL has opened stronger than close of the previous trading session

[BULLISH]: Supply Network opening price has gapped up. Currently, the OPEN is $3.37 (1.2 %).

Fibonacci Extensions /
Supply Network has moved above the 161.8% extension level ($0) [Bearish]

Supply Network has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for SNL should be set @$0 & short position stoploss for Supply Network should be set at $0

Price Range /
Supply Network: Daily price range is 0 [Downtrend]

[BEARISH]: Supply Network current downtrend in the first timeframe. Currently, the Range is $0.

High Price /
Recent trading for SNL has beaten the previous high by 1.2 % [Uptrend]

[BULLISH]: Supply Network current uptrend in the first timeframe. Currently, the HIGH is 1.2 %.

Percentage Price /
Supply Network: Price Percentage Oscillator (-1.100)

[BEARISH]: Supply Network currently has negative PPO -1.100%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Supply Network has signalled an ATR trend present [Uptrend]
Average True Range /
Supply Network has signalled an ATR trend present [Uptrend]

[Bullish]: Average True Range has confirmed an uptrend is present. Supply Network has a TR of 0.06, and an ATR(14) of 0.041.

Supply Network: Range Performance (0)
Range Tod Vs Range Yest /
Supply Network: Range Performance (0)

[WEAK BEARISH]: Supply Networkbuyers are becoming less eager. This is the first day buyers have decreased eagerness for SNL reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.26 & the greatest daily price range this year has been $0.43. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.6x.

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for SNL

[BULLISH]: Supply NetworkElder Ray Index is signalling a Bullish movementERI is 0.042 indicating bull power. Prices are being driven above the consensus of value for SNL during the last trading session [Buying Pressure]

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