SOM | Australian Securities Exchange

Somnomed
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Tricklar trend of Somnomed remains as an Uptrend
Tricklar Trend /
Tricklar trend of Somnomed remains as an Uptrend

[BULLISH]: Somnomed has a Tricklar uptrend confirmation. This was confirmed through a price breakout on the Jan 10 2019.

Ease of Movement for Somnomedis -9.31 [Easily Moved]
Ease of Movement /
Ease of Movement for Somnomedis -9.31 [Easily Moved]

SOM: EOM Current Signal -> (1) 17 Jan: BEARISH EASY (2) 16 Jan: BULLISH EASY (3) 15 Jan: NEUTRAL

Percentage Volume /
Negative momentum on volume for SOM is maintained & supports a bearish move is likely

[BEARISH]: Somnomed currently has negative PVO -17.88%. The recent volume is losing momentum through a fall on the short term exponential moving average.

MACD /
Somnomed: MACD oscillator (-0.0002)

[BEARISH CROSSOVER]: Somnomed currently has negative MACD of -0.0002. This means the signal line is less than the MACD line signalling a bearish movement.

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Somnomed & are driving the price down.

SOM: Recent performance signals ->(1) 17 Jan: NEUTRAL (2) 16 Jan: BULLISH (3) 15 Jan: NEUTRAL

Triangular Moving Average /
[Downtrend]: Recent trading for SOM confirms bearish TMA(15) signal

SOM: TMA Current Signal -> (1) 17 Jan: BEARISH CROSSOVER (2) 16 Jan: BULLISH CROSSOVER (3) 15 Jan: BEARISH

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Daily Volume Index /
Market conditions are indicating DVI accumulation is current for SOM.AX

[BULLISH]: Somnomed (ASX:SOM) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1.

Price percentage oscillator: Upward momentum is still present for Somnomed
Percentage Price /
Price percentage oscillator: Upward momentum is still present for Somnomed

[BULLISH]: Somnomed currently has positive PPO 0.411%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Ulcer index has increased in stress level & high drawdown is expected for Somnomed
Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Somnomed

[BULLISH]: Somnomed UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.375.

Williams %R /
William %R (-66.7) for SOM is now below the overbought limit

SOM: William %R Current Signal -> (1) 17 Jan: BULLISH CROSSUNDER (2) 16 Jan: BEARISH (3) 15 Jan: BEARISH

Stochastic Oscillator /
Stochastic Oscillator for SOM has crossed above the oversold limit triggering a neutral signal

SOM: Stochastic Oscillator Signal -> (1) 17 Jan: BULLISH CROSSUNDER (2) 16 Jan: BULLISH (3) 15 Jan: BULLISH

Bollinger Bands /
Closing price for SOM has crossed above the upper Bollinger Band triggering a bearish crossover signal

[BEARISH CROSSOVER]: Somnomed has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 37.32% with a current width of 10.06.

Somnomed: Over the last 12 months there has been 1 trading days giving a confirmation ratio of 0.4%.
Open Tod Vs Close Tod /
Somnomed: Over the last 12 months there has been 1 trading days giving a confirmation ratio of 0.4%.

[BEARISH]: Somnomed opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 8.3%.

Somnomed is being actively accumulated
Accumulation / Distribution /
Somnomed is being actively accumulated

[BULLISH]: Somnomed (ASX:SOM) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1706.9.

Close Tod Vs Range Tod /
SOM: Over the last month there has been 1 trading day with the closing price in the lower range giving a confirmation ratio of 8.3%.

[BEARISH]: Somnomed sellers in control. This is the first day of seller commitment for Somnomed adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 1 trading day with the closing price in the lower part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the lower range giving a confirmation ratio of 8.3%. Currently this quarter, closing price has spent 1 day in the lower price range compared to 1 days in the upper range giving a ratio of 1x.

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

[BULLISH]: Somnomed currently has positive rate of change of 2.857%. 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

Camarilla Pivot Points /
Somnomed has moved below the S2 Camarilla pivot point ($1.5) [Bearish]

Somnomed has broken the first Camarilla support point ($1.5) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$1.5 & short position stoploss for Somnomed should be set between $2.1 & $2.251

[Bearish]: WMA(15) is serving as a resistance line for Somnomed
Weighted Moving Average /
[Bearish]: WMA(15) is serving as a resistance line for Somnomed

[BEARISH]: Somnomed currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -4.8%.

Momentum(14) is increasing for Somnomed
Momentum /
Momentum(14) is increasing for Somnomed

[BULLISH]: Somnomed currently has positive momentum of 0.05. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -4.8%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 2.7%.

Somnomed: 0.618 Fibonacci Fan ($3.03)
Fibonacci Fans /
Somnomed: 0.618 Fibonacci Fan ($3.03)

Somnomed: The current Fibonacci Fan levels are: (23.61%) $2.9: (38.2%) $2.95: (50%) $3: (61.8%) $3.03The current support levels are: (78.6%) $3.08: (100%) $3.14: (138.2%) $3.25: (161.8%) $3.34: (261.8%) $3.64: (423.61%) $4.13

Volume Rate of Change /
Volume rate of change continues to build for Somnomed signalling a short term uptrend is likely

SOM: VROC Current Signal -> (1) 17 Jan: BULLISH (2) 16 Jan: BULLISH CROSSOVER (3) 15 Jan: NEUTRAL

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

SOM: Volume MACD Current Signal -> (1) 17 Jan: BULLISH (2) 16 Jan: BULLISH (3) 15 Jan: BULLISH

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

SOM: Aroon Oscillator Current Signal -> (1) 17 Jan: BEARISH (2) 16 Jan: BEARISH (3) 15 Jan: BEARISH

Fibonacci Retracements /
Stoploss for Somnomed should be set at $5.82

Somnomed has moved below the 61.8% retracement level ($5.87) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$5.82 & short position stoploss for Somnomed should be set between $5.82

Somnomed has moved below the S2 pivot point ($1.797) [Bearish]
Pivot Points /
Somnomed has moved below the S2 pivot point ($1.797) [Bearish]

Somnomed has broken the first support point ($1.797) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$1.797 & short position stoploss for Somnomed should be set between $1.807 & $1.809

Bear power has increased for Somnomed signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Somnomed signalling bearish conditions are likely

[BEARISH]: Somnomed Elder Ray Index is signalling a Bearish movementERI is -0.033 indicating bear power. Prices are being driven below the consensus of value for SOM during the last trading session [Selling Pressure]

Simple Moving Average /
Simple Moving Average(15) signal is confirmed for Somnomed indicating downward price movement is likely

[BEARISH]: Somnomed currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -4.8%.

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