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

Seven West Media
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SWM Basic Candle: White Closing Marubozu
White Closing Marubozu /
SWM Basic Candle: White Closing Marubozu

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

Elders Force Index (54718) has signalled bullish conditions in recent trading for SWM
Elders Force Index /
Elders Force Index (54718) has signalled bullish conditions in recent trading for SWM

[BULLISH]: Seven West Media current price has highlighted recent buying pressure. Currently, the Elders Force Index is 54718.

Commodity Channel Index /
The CCI indicator for Seven West Media has risen above the overbought limit

[BEARISH CROSSOVER]: Seven West Media current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 115. During the quarter, the highest CCI value was 115. The last overbought signal occurred on Dec 27 2017

Camarilla Pivot Points /
[Long]: Limit orders for Seven West Media should be set at $0.653

Seven West Media has broken the first Camarilla resistance point ($0.653) [Bullish]. Look for a long limit order entry near this point. Exit price for SWM should be set @$0.702 & Stoploss for Seven West Media should be set between $0.508 & $0.46

Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Seven West Media

[BULLISH]: Seven West Media UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 11.234.

Average True Range /
Seven West Media: Average True Range (0.029) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Seven West Media has a TR of 0.095, and an ATR(14) of 0.029.

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Short Trend /
Seven West Media: Uptrend for the daily trend is continued

[BULLISH]: Seven West Media is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Seven West Media currently has positive momentum of 0.11
Momentum /
Seven West Media currently has positive momentum of 0.11

[BULLISH]: Seven West Media currently has positive momentum of 0.11. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 18.6%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 18.6%%.

Limit order for a long position has been identified for Seven West Media [Bullish]
Pivot Points /
Limit order for a long position has been identified for Seven West Media [Bullish]

Seven West Media has broken the first resistance point ($0.63) [Bullish]. Look for a long limit order entry near this point. Exit price for SWM should be set @$0.655 & Stoploss for Seven West Media should be set between $0.505 & $0.48

Close Tod Vs Range Tod /
Seven West Media: Buyers are in control at the market close.

[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 85 trading days with the closing price in the upper part of the range giving a confirmation ratio of 33.2%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 38.5%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 5 days in the lower range giving a ratio of 1.6x.

On Balance Volume /
Market conditions are indicating OBV distribution is current for SWM

SWM: OBV Current Signal ->(1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 20 Feb: BULLISH

Closing Price /
Recent trading for Seven West Media has surpassed the previous close by 18.6 %

SWM: CLOSE Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH

Seven West Media currently has negative PPO -3.000
Percentage Price /
Seven West Media currently has negative PPO -3.000

[BEARISH]: Seven West Media currently has negative PPO -3.000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Percentage Volume /
Percentage volume oscillator is now positive for SWM

[BULLISH CROSSOVER]: Seven West Media currently has positive PVO 12.7%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

Volume Rate of Change /
Volume rate of change(14) is increasing for Seven West Media

[BULLISH]: Seven West Media currently has positive volume of change of 407%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 18.6%.

High Price /
Seven West Media: Daily high price is $0.605 [Higher High]

SWM: HIGH Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH (3) 16 Feb: BULLISH

The SWMA trend following signal is still current for Seven West Media [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Seven West Media [Bullish]

SWM: SWMA Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH CROSSOVER (3) 20 Feb: BEARISH

Initiation of overbought signal for Seven West Media [Bearish Crossover]
Williams %R /
Initiation of overbought signal for Seven West Media [Bearish Crossover]

[BULLISH]: Seven West Media is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Positive ROC confirmation for SWM is a leading indicator for continued price rise
Rate of Change /
Positive ROC confirmation for SWM is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Seven West Media currently has positive rate of change of 7.1%. 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

Open Tod Vs Close Tod /
Seven West Media: Buyers were in control all day.

SWM: Open today versus close yesterday Recent Trading ->(1) 20 Feb: 13.3% (2) 19 Feb: 16.7% (3) 20 Feb: 19.2%

Triangular Moving Average /
Seven West Media: Triangular Moving Average(5) (0.499)

[BULLISH]: Seven West Media currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 18.6%.

Elder Ray Index /
Seven West Media: Elder Ray Index is 0.079 [Bullish]

[BULLISH]: Seven West MediaElder Ray Index is signalling a Bullish movementERI is 0.079 indicating bull power. Prices are being driven above the consensus of value for SWM during the last trading session [Buying Pressure]

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

[BEARISH]: Seven West Media current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Seven West Media has broken the first DeMark resistance point ($0.58625) [Bullish]
Demarks Pivot Points /
Seven West Media has broken the first DeMark resistance point ($0.58625) [Bullish]

Seven West Media has broken the first DeMark resistance point ($0.58625) [Bullish]. Look for a long limit order entry near this point. Exit price for SWM should be set @$0.642 & Stoploss for Seven West Media should be set at $0.567

A short term Gap Up has formed with Seven West Media
Gap Up /
A short term Gap Up has formed with Seven West Media

[BEARISH]: A short term Gap Up has formed with Seven West Media which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 3 occurrences of this bar reversal giving a signal probability of 1.2%.

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

[BULLISH]: Seven West Media current volume uptrend in the first timeframe. Volume for SWM is8.70149e+006 (263.4).

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