SOM | Australian Securities Exchange

Somnomed
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Somnomed has moved below the S2 Woodie pivot point ($1.701) [Bearish]
Woodie Pivot Point /
Somnomed has moved below the S2 Woodie pivot point ($1.701) [Bearish]

Somnomed current pivot point (Woodie) is: $1.733. The current resistance levels are: (R1) $1.746: (R2) $1.765The current support levels are: (S1) $1.714: (S2) $1.701

[Bearish]: Trend following indicator for SOM highlights downward price direction is likely
Sine Weighted Moving Average /
[Bearish]: Trend following indicator for SOM highlights downward price direction is likely

SOM: SWMA Current Signal -> (1) 18 Oct: BEARISH (2) 17 Oct: BEARISH (3) 16 Oct: BEARISH

Medium Trend /
SOM: Medium term trend is still an Downtrend

[BEARISH]: Somnomed is in an downtrend in the medium term timeframe. The current rally number is 5 & the highest rally count for the LTM is 67. The highest rally for the month is 14

Pivot Reversal /
A short term Pivot Reversal has formed with Somnomed

SOM: Bar Reversal Recent Trading -> (1) 18 Oct: Pivot Reversal (2) 17 Oct: Gap Up (3) 16 Oct: Gap Up

On Balance Volume /
Somnomed: Current trading activity OBV signals distribution is present

[BEARISH]: Somnomed current price has highlighted recent distribution. Currently, the OBV is -5707.2.

Camarilla Pivot Points /
Limit order for a short position has been identified for Somnomed [Bearish]

Somnomed has broken the first Camarilla support point ($1.441) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$1.441 & short position stoploss for Somnomed should be set between $2.019 & $2.164

Negative ROC for Somnomed is a leading indicator for continued price fall
Rate of Change /
Negative ROC for Somnomed is a leading indicator for continued price fall

[BEARISH]: Somnomed currently has negative rate of change of -8.223%. 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

Pivot Points /
Somnomed has broken the first support point ($1.702) [Bearish]

Somnomed has broken the first support point ($1.702) [Bearish]. Look for a short limit order entry near this point. Exit price for SOM should be set @$1.702 & short position stoploss for Somnomed should be set between $1.766 & $1.78

MACD for Somnomed continues to lose momentum @-0.0046
MACD /
MACD for Somnomed continues to lose momentum @-0.0046

[BEARISH]: Somnomed currently has negative MACD of -0.0046. This means the signal line is less than the MACD line signalling a bearish movement.

Somnomed: Volume MACD oscillator (1896)
MACD Volume /
Somnomed: Volume MACD oscillator (1896)

[BULLISH]: Somnomed currently has positive Volume MACD of 1896. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Chaikin Money Flow /
SOM.AX: CMF has negative divergence between price and volume

[BEARISH]: Somnomed current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.49. Somnomed (ASX:SOM) received a confirmed CMF crossover days on the Oct 2 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.6 occurring on the Oct 2 2018.

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Somnomed

[BEARISH]: Somnomed currently has a confirmed downtrend. Price is currently below the displaced moving average for SOM. Currently, the return on DPO20 is -1.7%.

Open Tod Vs Close Tod /
Somnomed: Over the last month there has been 2 trading days giving a confirmation ratio of 14.3%.

SOM: Open today versus close yesterday Recent Trading ->(1) 18 Oct: 100% (2) 17 Oct: 0% (3) 16 Oct: 100%

Negative momentum: Price is trading lower for Somnomed than 14 days ago
Momentum /
Negative momentum: Price is trading lower for Somnomed than 14 days ago

[BEARISH]: Somnomed currently has negative momentum of -0.155 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.7%.The largest downward momentum rally for the last 3 months is 6 days producing a return of -5%.

Aroon oscillator for Somnomed has signalled a strong downtrend is active
Aroon Oscillator /
Aroon oscillator for Somnomed has signalled a strong downtrend is active

SOM: Aroon Oscillator Current Signal -> (1) 18 Oct: BEARISH STRONG (2) 17 Oct: BEARISH STRONG (3) 16 Oct: BEARISH STRONG

Fibonacci Retracements /
Somnomed: 0.618 Fibonacci Retraction (1.82)

Somnomed: The current Fibonacci Retraction levels are: (23.61%) $1.75: (38.2%) $1.78: (50%) $1.8: (61.8%) $1.82The current support levels are: (78.6%) $1.86: (100%) $1.9: (138.2%) $1.98: (161.8%) $2.02: (261.8%) $2.22: (423.61%) $2.55

Commodity Channel Index /
Somnomed: The CCI oversold signal has been confirmed

[BULLISH CROSSOVER]: Somnomed (ASX:SOM) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -102. During the quarter, the lowest CCI value was -220. The last oversold signal occurred on Oct 17 2018

Elders Force Index /
Bearish conditions for SOM are likely to continue based on EFI (-343)

[BEARISH]: Somnomed current price has highlighted recent selling pressure. Currently, the Elders Force Index is -343.

Somnomed: Range Performance (220.0)
Range Tod Vs Range Yest /
Somnomed: Range Performance (220.0)

SOM: Range today versus range yesterday Current Signal ->(1) 18 Oct: BULLISH (2) 17 Oct: BULLISH (3) 16 Oct: NEUTRAL

Somnomed: Price Percentage Oscillator (-2.359)
Percentage Price /
Somnomed: Price Percentage Oscillator (-2.359)

[BEARISH]: Somnomed currently has negative PPO -2.359%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Somnomed: Percentage Volume Oscillator (-0.26)
Percentage Volume /
Somnomed: Percentage Volume Oscillator (-0.26)

[BEARISH]: Somnomed currently has negative PVO -0.26%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Accumulation / Distribution /
Recent trading signals Somnomed is being distributed

[BEARISH]: Somnomed (ASX:SOM) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -3215.2.

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

[BEARISH]: Somnomed (ASX:SOM) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -43.

Black Candle /
SOM Basic Candle: Black

[BEARISH]: Somnomed has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Fibonacci Fans /
Somnomed: 0.618 Fibonacci Fan ($2.01)

Somnomed: The current Fibonacci Fan levels are: (23.61%) $1.93: (38.2%) $1.96: (50%) $1.98: (61.8%) $2.01The current support levels are: (78.6%) $2.05: (100%) $2.09: (138.2%) $2.18: (161.8%) $2.23: (261.8%) $2.45: (423.61%) $2.81

Somnomed was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
Somnomed was difficult to move downward due to high volume in recent trading [Bearish]

SOM: EOM Current Signal -> (1) 18 Oct: BEARISH HARD (2) 17 Oct: BULLISH EASY (3) 16 Oct: BULLISH EASY

Simple Moving Average(15) signal continues for Somnomed indicating downward price movement is likely
Simple Moving Average /
Simple Moving Average(15) signal continues 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 -1.7%.

Exponential Moving Average /
Somnomed is in a short term downtrend with the resistance price @$1.7722

SOM: EMA(15) Current Signal -> (1) 18 Oct: BEARISH (2) 17 Oct: BEARISH (3) 16 Oct: BEARISH

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