SOM | Australian Securities Exchange

Somnomed
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Woodie pivot point for SOM is bullish. Stoploss should be positioned @$1.968
Woodie Pivot Point /
Woodie pivot point for SOM is bullish. Stoploss should be positioned @$1.968

Somnomed current pivot point (Woodie) is: $2.038. The current resistance levels are: (R1) $2.086: (R2) $2.108The current support levels are: (S1) $2.016: (S2) $1.968

Percentage Price /
The current price is still losing momentum through a fall for SOM on the short term EMA.

[BEARISH]: Somnomed currently has negative PPO -2.401%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Demarks Pivot Points /
[Long]: Limit orders for Somnomed should be set at $2.04

Somnomed has broken the first DeMark resistance point ($2.0400) [Bullish]. Look for a long limit order entry near this point. Exit price for SOM should be set @$2.09 & Stoploss for Somnomed should be set at $2.02

Rate of Change /
Somnomed has initiated a positive rate of change of 2.5

[BULLISH CROSSOVER]: Somnomed currently has positive rate of change of 2.5%. 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

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

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

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Donchian Channels /
Upper Donchian Band Overbought signal had been maintained for Somnomed

[BEARISH]: Somnomed is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Sine Weighted Moving Average(5) signal continues for Somnomed indicating upward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Somnomed indicating upward price movement is likely

SOM: SWMA Current Signal -> (1) 20 Aug: BULLISH (2) 17 Aug: BULLISH (3) 16 Aug: BULLISH

Stochastic Oscillator (83.3) for SOM is now above the overbought limit
Stochastic Oscillator /
Stochastic Oscillator (83.3) for SOM is now above the overbought limit

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

Detrended Price Oscillator /
[Bearish]: Displaced moving average is currently above the price for SOM

[BEARISH]: Somnomed currently has a confirmed downtrend. Price is currently below the displaced moving average for SOM. Currently, the return on DPO20 is 3.0%.

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Somnomed indicating upward price movement is likely

[BULLISH]: Somnomed currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 3.0%.

Ulcer Index /
Ulcer index has increased as the price has fallen for Somnomed

[BULLISH]: Somnomed UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 16.76.

Somnomed: Range Performance (-44.0)
Range Tod Vs Range Yest /
Somnomed: Range Performance (-44.0)

[WEAK BEARISH]: Somnomed buyers are becoming less eager. This is the first day buyers have decreased eagerness for SOM reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2400 & the greatest daily price range this year has been $2.0800. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.1x.

Chaikin Oscillator showing selling pressure for SOM.AX
Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for SOM.AX

[BEARISH]: Somnomed current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.11. Somnomed (ASX:SOM) received a confirmed CMF crossover days on the Jul 23 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.37 occurring on the Jul 23 2018.

Volume Rate of Change /
Somnomed: Volume rate of Change (14)

[BEARISH]: Somnomed currently has negative rate of change of -77%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 3%.

Aroon Oscillator /
Somnomed has signalled an Aroon trend present [Downtrend]

[BEARISH]: Somnomed has a current ARO(25) of -40. This has change 0 points from yesterday.

White Opening Marubozu /
SOM Basic Candle: White Opening Marubozu

SOM: Basic Candlestick Current Signal -> (1) 20 Aug: BULLISH (2) 17 Aug: BEARISH (3) 16 Aug: BULLISH

The MACD continues to rise above the signal line for SOM [Bullish]
MACD /
The MACD continues to rise above the signal line for SOM [Bullish]

[BULLISH]: Somnomed currently has positive MACD of 0.0237. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 4%.

Somnomed: 2nd timeframe trend Downtrend remains intact
Medium Trend /
Somnomed: 2nd timeframe trend Downtrend remains intact

[BEARISH]: Somnomed has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Aug 16 2018.

Somnomed was easily moved upward on low volume in recent trading [Bullish]
Ease of Movement /
Somnomed was easily moved upward on low volume in recent trading [Bullish]

SOM: EOM Current Signal -> (1) 20 Aug: BULLISH EASY (2) 17 Aug: BEARISH EASY (3) 16 Aug: BULLISH EASY

Percentage Volume /
Somnomed: Percentage Volume Oscillator @-42.13 [Bearish]

[BEARISH]: Somnomed currently has negative PVO -42.13%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Close Tod Vs Range Tod /
Daily trading for SOM indicated buyers are now in control

[BULLISH]: Somnomed buyers are in control at the market close. This is the first day of buyer commitment for Somnomed 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 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 14.3%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 3 days in the lower range giving a ratio of 0.7x.

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Somnomed

[BULLISH]: Somnomed current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.938.

Elders Force Index /
[Buying Pressure]: EFI (56) confirms bullish conditions for Somnomed

[BULLISH]: Somnomed current price has highlighted recent buying pressure. Currently, the Elders Force Index is 56.

Somnomed: Volume MACD oscillator (3958)
MACD Volume /
Somnomed: Volume MACD oscillator (3958)

[BULLISH]: Somnomed currently has positive Volume MACD of 3958. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Somnomed: Current trading activity signals accumulation is present
Accumulation / Distribution /
Somnomed: Current trading activity signals accumulation is present

[BULLISH]: Somnomed (ASX:SOM) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.47565e+006.

Elder Ray Index /
[Bull Power]: ERI has increased for Somnomed during the last trading session

[BULLISH]: Somnomed Elder Ray Index is signalling a Bullish movementERI is 0.068 indicating bull power. Prices are being driven above the consensus of value for SOM during the last trading session [Buying Pressure]

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