Technical analysis from Seven West Media (SWM.AX, ASX:SWM.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Seven West Media
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Short positions for Seven West Media should be set between $0.713 & $0.706
Woodie Pivot Point /
Short positions for Seven West Media should be set between $0.713 & $0.706

Seven West Media has broken the first Woodie support point ($0.706) [Bearish]. Look for a short limit order entry near this point. Exit price for SWM should be set @$0.693 & short position stoploss for Seven West Media should be set at $0.733

[Short]: Limit orders for Seven West Media should be set at $0.704
Pivot Points /
[Short]: Limit orders for Seven West Media should be set at $0.704

Seven West Media has broken the first support point ($0.704) [Bearish]. Look for a short limit order entry near this point. Exit price for SWM should be set @$0.692 & short position stoploss for Seven West Media should be set between $0.732 & $0.744

Ease of Movement /
Seven West Media was difficult to move upward due to high volume in recent trading [Bullish]

SWM: EOM Current Signal -> (1) 17 May: BULLISH HARD (2) 16 May: BEARISH HARD (3) 15 May: BEARISH HARD

Camarilla Pivot Points /
Camarilla pivot point for SWM is bearish. Stoploss should be positioned @$0.834

Seven West Media has broken the first Camarilla support point ($0.656) [Bearish]. Look for a short limit order entry near this point. Exit price for SWM should be set @$0.596 & short position stoploss for Seven West Media should be set between $0.834 & $0.893

High Price /
Strong price performance from SWM has seen a higher high of 0.4 % [Uptrend]

[BULLISH]: Seven West Media current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

White Candle /
SWM Basic Candle: White

SWM: Basic Candlestick Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH WEAK (3) 15 May: BEARISH

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Two White Soldiers /
Seven West Media: Two White Soldiers

[BULLISH]: Seven West Media has formed a new Two White Soldiers pattern.

Seven West Media: Volume MACD @-654587 [Bearish Crossover]
MACD Volume /
Seven West Media: Volume MACD @-654587 [Bearish Crossover]

[BEARISH CROSSOVER]: Seven West Media currently has negative Volume MACD of -654587. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Second timeframe trend of Seven West Media remains as an Uptrend
Medium Trend /
Second timeframe trend of Seven West Media remains as an Uptrend

[BULLISH]: Seven West Media is in an uptrend in the medium term timeframe. The current rally number is 25 & the highest rally count for the LTM is 44. The highest rally for the month is 13

Accumulation / Distribution /
Seven West Media: Current trading activity signals accumulation is present

[BULLISH]: Seven West Media current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 2.04508e+007.

Chaikin Money Flow /
CMF Crossover has positive divergence between price & vol

[BULLISH CROSSOVER]: Seven West Media current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.31. During the quarter, the highest CMF value was 0.31 occurring on the May 3 2018.

Exponential Moving Average /
The EMA trend following signal is still current for Seven West Media [Bullish]

[BULLISH]: Seven West Media currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.7%.

Seven West Media: Detrended Price Oscillator(20) (0.1805)
Detrended Price Oscillator /
Seven West Media: Detrended Price Oscillator(20) (0.1805)

[BULLISH]: Seven West Media currently has a confirmed uptrend. Price is currently above the displaced moving average for SWM. Currently, the return on DPO20 is 0.7%.

Seven West Media: Daily performance is 0.7 % [Uptrend]
Closing Price /
Seven West Media: Daily performance is 0.7 % [Uptrend]

[BULLISH]: Seven West Media current uptrend in the first timeframe. Currently, the Close is $0.715.

Percentage Price /
PPO continues to signal a continuation of upward price rise for Seven West Media

[BULLISH]: Seven West Media currently has positive PPO 7.416%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Long Trend /
SWM: Long term trend is still an Uptrend

SWM: Long Term Trend Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BULLISH

Close Tod Vs Range Tod /
The daily battle of control for Seven West Media was won again by the buyers

[BULLISH]: Seven West Media buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Seven West Media 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 262 trading days with the closing price in the upper part of the range giving a confirmation ratio of 99.6%. Over the last month there has been 12 trading days with the closing price in the upper range giving a confirmation ratio of 92.3%. Currently this quarter, closing price has spent 33 days in the upper price range compared to 33 days in the lower range giving a ratio of 1x.

Drawdown for Seven West Media is currently low signalling low stress
Ulcer Index /
Drawdown for Seven West Media is currently low signalling low stress

[BEARISH]: Seven West Media UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.306.

[Bearish]: Trend following indicator for SWM highlights downward price direction is likely
Simple Moving Average /
[Bearish]: Trend following indicator for SWM highlights downward price direction is likely

SWM: SMA(5) Current Signal -> (1) 17 May: BEARISH (2) 17 May: BEARISH (3) 17 May: BEARISH CROSSOVER

Seven West Media: The price range ratio this week versus the quarterly price range is 0.3000000000000000000x
Range Tod Vs Range Yest /
Seven West Media: The price range ratio this week versus the quarterly price range is 0.3000000000000000000x

[WEAK BULLISH]: Seven West Media sellers are becoming less eager. There has been 2 consecutive days of range increase for SWM reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2020 & the greatest daily price range this year has been $0.2820. 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 0.7x.

Weighted Moving Average /
SWM: Price continues to move below the WMA(5) @$0.716

[BEARISH]: Seven West Media currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.7%.

Momentum /
Momentum is now reducing for Seven West Media signalling a short term downtrend is likely

[BEARISH CROSSOVER]: Seven West Media currently has negative momentum of -0.005 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.7%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -7.3%.

Daily Volume Index /
Seven West Media: Confirmation of stock accumulation

[BULLISH]: Seven West Media current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 46595.

Seven West Media currently has positive rate of change for 30
Rate of Change /
Seven West Media currently has positive rate of change for 30

[BULLISH]: Seven West Media currently has positive rate of change of 30%. 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

Daily bar has closed the day with an Uptrend for SWM
Short Trend /
Daily bar has closed the day with an Uptrend for SWM

SWM: Daily Trend Current Signal -> (1) 17 May: BULLISH CONFIRM (2) 17 May: BEARISH (3) 17 May: BEARISH

Relative Strength Index /
[Neutral]: Seven West Media current trading has moved to overbought status

SWM: RSI Current Signal -> (1) 17 May: BEARISH CROSSUNDER (2) 17 May: BULLISH CROSSOVER (3) 17 May: BEARISH CROSSUNDER

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