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

Somnomed
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Weak opening from SOM has seen an decrease of 0.5 % [Downtrend]
Opening Price /
Weak opening from SOM has seen an decrease of 0.5 % [Downtrend]

[BEARISH]: Somnomed opening price has gapped down. Currently, the OPEN is $3.78 (0.5 %).

Somnomed: Bullish relationship forming between price & volume
Chaikin Money Flow /
Somnomed: Bullish relationship forming between price & volume

[BULLISH]: Somnomed current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.44. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.44

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

[BEARISH]: Somnomed UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.878.

Weighted Moving Average /
Somnomed is in a short term uptrend with the support price @$3.792

SOM: WMA Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

Demarks Pivot Points /
Somnomed: Stoploss for short position should be set between $3.865 & $3.95

Somnomed has broken the first DeMark support point ($3.865) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$3.83 & short position stoploss for Somnomed should be set at $3.95

Medium Trend /
[Uptrend]: The second timeframe trend for Somnomed remains intact

[BULLISH]: Somnomed is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 56. The highest rally for the month is 8

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Detrended Price for SOM has signalled bullish price movements are likely
Detrended Price Oscillator /
Detrended Price for SOM has signalled bullish price movements are likely

[BULLISH]: Somnomed currently has a confirmed uptrend. Price is currently above the displaced moving average for SOMCurrently, the return on DPO20 is 2.4%.

5-day momentum is now increasing for Somnomed
Momentum /
5-day momentum is now increasing for Somnomed

SOM: MOM Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH CROSSOVER

Daily Volume Index /
Confirmation of Somnomed is currently being accumulated via DVI

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

Average Directional Movement /
[Strong Trend]: Average Directional Index @27.44 has confirmed a strong trend for SOM

[Trend]: ADX for SOM has confirmed a strong trend is presentSomnomed has an ATR(14) of 0.077, a DX of 42.36 & an ADX(14) of 27.44

Pivot Points /
Somnomed has moved below the S1 pivot point ($3.806) [Bearish]

Somnomed has broken the first support point ($3.806) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$3.733 & short position stoploss for Somnomed should be set between $3.973 & $4.046

The CCI indicator for Somnomed has risen above the overbought limit
Commodity Channel Index /
The CCI indicator for Somnomed has risen above the overbought limit

[BEARISH CROSSOVER]: Somnomed current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 154. During the quarter, the highest CCI value was 154. The last overbought signal occurred on Jan 4 2018

SOM: The return on MACD is 3.5%.
MACD /
SOM: The return on MACD is 3.5%.

SOM: MACD Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH CROSSOVER

Range Tod Vs Range Yest /
Somnomed: Range Performance (140)

SOM: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: NEUTRAL

Fibonacci Extensions /
Somnomed has moved below the 161.8% extension level ($17.09) [Bullish]

Somnomed has moved below the 161.8% level ($17.09) [Bullish]. Look for a long limit order entry near this point. Exit price for SOM should be set @$18.58 & Stoploss for Somnomed should be set at $15.6

Elders Force Index /
Elders Force Index (2736) has signalled bullish conditions in recent trading for SOM

SOM: Elders Force Index Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Price spike caused by low volume trading for Somnomed during last trading session
Ease of Movement /
Price spike caused by low volume trading for Somnomed during last trading session

SOM: EOM Current Signal -> (1) 11 Jan: BULLISH EASY (2) 11 Jan: BEARISH EASY (3) 11 Jan: NEUTRAL

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

SOM: PPO Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

[Bullish]: A higher high has been achieved for Somnomed
Coles Reaction Day /
[Bullish]: A higher high has been achieved for Somnomed

SOM: CRD Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

Bollinger Bands /
Closing price ($3.88) for SOM is now above the Upper Bollinger Band

[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 100.6% with a current width of 14.43.

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

SOM: VROC Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: NEUTRAL

Close Tod Vs Close Yest /
Closing price for SOM ($3.88) signals buyers are still keener than sellers

[BULLISH]: Somnomedbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for SOM adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.4 & the greatest daily positive change this year has been 2.4. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 14%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 3.5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 1.5%

Exponential Moving Average /
Somnomed is in a short term uptrend with the closing price @$3.88

SOM: EMA(5) Recent Trading -> (1) 11 Jan: 3.78126 (2) 11 Jan: 17.7849 (3) 11 Jan: 4.95505

Somnomed: Elder Ray Index is 0.191 [Bullish]
Elder Ray Index /
Somnomed: Elder Ray Index is 0.191 [Bullish]

SOM: Elder Ray Index Recent Trading -> (1) 11 JanBull Power: 0.191Bear Power: 0.071 (2) 11 JanBull Power: -0.005Bear Power: -0.155 (3) 11 JanBull Power: 0.135Bear Power: 0.135

SOM Basic Candle: White Opening Marubozu
White Opening Marubozu /
SOM Basic Candle: White Opening Marubozu

[BULLISH]: Somnomed has formed a White Opening Marubozu candlestick. This means, SOM has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Aroon Oscillator /
Somnomed has signalled an Aroon trend present [Strong Uptrend]

[BULLISH]: Somnomed has a current ARO(25) of 96. This has change 20 points from yesterday.

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