Technical analysis from Southern Cross Media (SXL.AX.AX, ASX:SXL.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Southern Cross Media
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Negative ROC for Southern Cross Media  is a leading indicator for continued price fall
Rate of Change /
Negative ROC for Southern Cross Media is a leading indicator for continued price fall

[BEARISH]: Southern Cross Media currently has negative rate of change of -2.6%. 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

Oversold signal for the Lower Envelope band is still current for Southern Cross Media
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Southern Cross Media

[BULLISH]: Southern Cross Media current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.0735.

Detrended Price Oscillator /
Bearish trading conditions for Southern Cross Media has been signalled from the DPO (-0.0213)

[BEARISH]: Southern Cross Media currently has a confirmed downtrend. Price is currently below the displaced moving average for SXLCurrently, the return on DPO20 is -0.4%.

Volume /
Southern Cross Media : Daily volume performance is -42.3 [Downtrend]

[BEARISH]: Southern Cross Media current volume downtrend in the first timeframe. Volume for SXL is1.39283e+006 (-42.3).

Volume Rate of Change /
Southern Cross Media : Volume rate of Change (14)

SXL: VROC Recent Trading -> (1) 20 Feb: 81 (2) 19 Feb: 262 (3) 16 Feb: 146

Momentum /
Momentum continues to build for Southern Cross Media signalling a short term uptrend is likely

[BULLISH]: Southern Cross Media currently has positive momentum of 0.07. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.4%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 0%%.

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Percentage Volume /
Southern Cross Media : Percentage Volume Oscillator @5.2 [Bullish]

[BULLISH]: Southern Cross Media currently has positive PVO 5.2%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 2.4%.

[Bullish]: Elder Ray Index is 0.041 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.041 indicating bull power

[BULLISH]: Southern Cross Media Elder Ray Index is signalling a Bullish movementERI is 0.041 indicating bull power. Prices are being driven above the consensus of value for SXL during the last trading session [Buying Pressure]

Recent trading for Southern Cross Media  fell short of the previous close by -0.4 %
Closing Price /
Recent trading for Southern Cross Media fell short of the previous close by -0.4 %

[BEARISH]: Southern Cross Media current downtrend in the first timeframe. Currently, the Close is $1.145.

Daily Volume Index /
Southern Cross Media : Current trading activity signals DVI accumulation is present

SXL: DVI Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH CROSSOVER (3) 16 Feb: BEARISH CROSSOVER

Price Range /
Southern Cross Media : Daily price range is $0.045 [Decreasing Range]

SXL: Price Range Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BULLISH (3) 16 Feb: BEARISH

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (23.72) for Southern Cross Media

SXL: Average Directional Index Current Signal -> (1) 20 Feb: TREND WEAK (2) 19 Feb: TREND WEAK (3) 16 Feb: TREND STRONG

[Bullish]: SMA(5) is serving as a support line for Southern Cross Media
Simple Moving Average /
[Bullish]: SMA(5) is serving as a support line for Southern Cross Media

[BEARISH]: Southern Cross Media currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.4%.

Sine Weighted Moving Average /
Southern Cross Media is in a short term uptrend with the support price @$1.104

[BULLISH]: Southern Cross Media currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.4%.

Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for SXL

[BULLISH]: Southern Cross 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 -0.4%.

Range Tod Vs Range Yest /
Southern Cross Media : Range Performance (-35.7)

[WEAK BEARISH]: Southern Cross Media buyers are becoming less eager. This is the first day buyers have decreased eagerness for SXL reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.14 & the greatest daily price range this year has been $0.15. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.9x.

SXL has achieved a new low of $1.115 (3 %)
Low Price /
SXL has achieved a new low of $1.115 (3 %)

SXL: LOW Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

Southern Cross Media : Average True Range (0.028) has confirmed an uptrend is present
Average True Range /
Southern Cross Media : Average True Range (0.028) has confirmed an uptrend is present

SXL: Average True Range Recent Trading -> (1) 20 Feb: 0.028 (2) 19 Feb: 0.027 (3) 16 Feb: 0.024

Market movement continuation likely for SXL as a result of Fake Day
Bill Williams Market Facilitation /
Market movement continuation likely for SXL as a result of Fake Day

Southern Cross Media Currently is a confirmed Fake Day. MFI indicator is up, volume is down for SXL. Trend continuation possible for SXL from reduced trading activity.

MACD /
Southern Cross Media : MACD (0.002100)

[BULLISH CROSSOVER]: Southern Cross Media currently has positive MACD of 0.002000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.

Close Tod Vs Close Yest /
This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -1.3%

[BEARISH]: Southern Cross Media sellers are keener than buyers and are driving the price down. This is the first day of price decline for SXL adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.6 & the greatest daily negative change this year has been -2.6. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -17.5%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -1.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -1.2%

On Balance Volume /
SXL: Current trading activity signals OBV distribution is active

[BEARISH]: Southern Cross Media current price has highlighted recent distribution. Currently, the OBV is -1.65675e+007.

Fibonacci Extensions /
Southern Cross Media : Look for a long limit order entry @$16.1

Southern Cross Media has moved below the 161.8% level ($16.1) [Bullish]. Look for a long limit order entry near this point. Exit price for SXL should be set @$17.15 & Stoploss for Southern Cross Media should be set at $15.05

The Volume MACD continues to fall below the signal line for SXL [Bearish]
MACD Volume /
The Volume MACD continues to fall below the signal line for SXL [Bearish]

[BEARISH]: Southern Cross Media currently has negative Volume MACD of -93576. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Daily trading has confirmed an Aroon downtrend (-44) for Southern Cross Media
Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-44) for Southern Cross Media

[BEARISH]: Southern Cross Media has a current ARU(25) of 40 and a current ARD(25) of 84

White Opening Marubozu /
SXL Basic Candle: White Opening Marubozu

[BULLISH]: Southern Cross Media has formed a White Opening Marubozu candlestick. This means, SXL 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.

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