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

Somnomed
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Recent trading indicates ATR upward trend direction likely for SOM [Uptrend]
Average True Range /
Recent trading indicates ATR upward trend direction likely for SOM [Uptrend]

SOM: Average True Range Recent Trading -> (1) 21 Jun: 0.085 (2) 20 Jun: 0.081 (3) 19 Jun: 0.08

Somnomed has broken the first support point ($2.06) [Bearish]
Pivot Points /
Somnomed has broken the first support point ($2.06) [Bearish]

Somnomed has broken the first support point ($2.06) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$2 & short position stoploss for Somnomed should be set between $2.28 & $2.34

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

[BEARISH]: Somnomed is in an downtrend in the medium term timeframe. The current rally number is 44 & the highest rally count for the LTM is 44. The highest rally for the month is 14

Commodity Channel Index /
Potential continuation of a trend reversal (Bullish) for Somnomed

[BULLISH]: Somnomed current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -165. The bullish signal has been active for 4 days. During the quarter, the lowest CCI value was -308.

Accumulation / Distribution /
Traders are currently accumulating Somnomed

[BULLISH]: Somnomed current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 501669.

Elder Ray Index /
Somnomed: Elder Ray Index is -0.191 [Bearish]

[BEARISH]: Somnomed Elder Ray Index is signalling a Bearish movementERI is -0.191 indicating bear power. Prices are being driven below the consensus of value for SOM during the last trading session [Selling Pressure]

Open/close reversal confirmed for Somnomed signalling the sellers were in control all day
Open Tod Vs Close Tod /
Open/close reversal confirmed for Somnomed signalling the sellers were in control all day

SOM: Open today versus close yesterday Current Signal ->(1) 21 Jun: BEARISH STRONG (2) 20 Jun: BULLISH (3) 19 Jun: BEARISH STRONG

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

[BULLISH]: Somnomed current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1950.

Somnomed: Daily Performance (-3.2%.)
Close Tod Vs Close Yest /
Somnomed: Daily Performance (-3.2%.)

[BEARISH]: Somnomedsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for SOM adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -5.1 & the greatest daily negative change this year has been -13.8. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -14.7%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -10.7%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -3.000000%

Bollinger oversold signal has just been triggered for Somnomed
Bollinger Bands /
Bollinger oversold signal has just been triggered for Somnomed

[BULLISH CROSSOVER]: Somnomed has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is -0.8% with a current width of 17.86.

Long Black Candle /
SOM Basic Candle: Long Black

SOM: Basic Candlestick Recent Trading -> (1) 21 Jun: Long Black Candle (2) 20 Jun: Black Candle (3) 19 Jun: Short Black Candle

Exponential Moving Average /
[Downtrend]: Recent trading for SOM indicates ST trend is likely to continue

[BEARISH]: Somnomed 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%.

Daily Volume Index /
Somnomed: Current trading activity signals DVI accumulation is present

[BULLISH]: Somnomed current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 286.

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

SOM: VROC Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

The MFI for Somnomed has returned to stable trading conditions
Money Flow Index /
The MFI for Somnomed has returned to stable trading conditions

[NEUTRAL]: Somnomed current trading price has closed out money flow index oversold status and signalled the initiation of normal trading conditions. Currently, the MFI is 67.27. The previous bullish signal was active for 0 day. During the quarter, the lowest MFI value was 10.26.

Volume /
Volume for SOM has surpassed the volume of the previous trading session

[BULLISH]: Somnomed current volume uptrend in the first timeframe. Volume for SOM is 554791 (920.1).

Moving Average Envelope /
Lower envelope oversold signal had been maintained 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 2.318.

Low Price /
Weaker price performance from SOM has seen a lower low of -1.0 % [Downtrend]

SOM: LOW Recent Trading -> (1) 21 Jun: 2.08 (2) 20 Jun: 2.1 (3) 19 Jun: 2.2

Limit order for a short position has been identified for Somnomed [Bearish]
Woodie Pivot Point /
Limit order for a short position has been identified for Somnomed [Bearish]

Somnomed has broken the first Woodie support point ($2.05) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$1.995 & short position stoploss for Somnomed should be set at $2.275

Somnomed: Triangular Moving Average(5) (2.259)
Triangular Moving Average /
Somnomed: Triangular Moving Average(5) (2.259)

[BEARISH]: Somnomed 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 -3.2%.

Somnomed: Opening price is $2.2 (0.0 %)
Opening Price /
Somnomed: Opening price is $2.2 (0.0 %)

[BULLISH]: Somnomed opening price has gapped up. Currently, the OPEN is $2.2 (0.0 %).

Closing Price /
Weaker price performance from SOM has seen a lower close of -3.2 % [Downtrend]

[BEARISH]: Somnomed current downtrend in the first timeframe. Currently, the Close is $2.12.

Fibonacci Extensions /
Somnomed has moved above the 161.8% extension level ($0.71) [Bearish]

Somnomed has moved above the 161.8% level ($0.71) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$0.61 & short position stoploss for Somnomed should be set at $0.8

Williams %R /
Somnomed is now oversold with the William %R @-87.1

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

Simple Moving Average /
The SMA trend following signal is still current for Somnomed [Bearish]

[BEARISH]: Somnomed currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -3.2%.

CMF has positive divergence between price and volume
Chaikin Money Flow /
CMF has positive divergence between price and volume

[BULLISH]: Somnomed current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.16. SOM received a confirmed CMF crossover days on the Jun 4 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.78 occurring on the Jun 4 2018.

Percentage volume oscillator remains positive for SOM
Percentage Volume /
Percentage volume oscillator remains positive for SOM

[BULLISH]: Somnomed currently has positive PVO 42.59%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -10%.

Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a very strong trend is intact for SOM

[Stong Trend]: ADX for SOM has confirmed a very strong trend is present. Somnomed has an ATR(14) of 0.085, a DX of 78.25 & an ADX(14) of 68.83

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