Australian Securities Exchange

Syrah Resources
+ Share

Daily trading has confirmed an ATR downtrend (0.101) for Syrah Resources
Average True Range /
Daily trading has confirmed an ATR downtrend (0.101) for Syrah Resources

SYR: Average True Range Recent Trading -> (1) 14 Aug: 0.101 (2) 13 Aug: 0.103 (3) 10 Aug: 0.104

Close Tod Vs Range Tod /
SYR: Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 40%.

[BEARISH]: Syrah Resources sellers in control. This is the first day of seller commitment for Syrah Resources adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 96 trading days with the closing price in the lower part of the range giving a confirmation ratio of 36.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 11 days in the upper range giving a ratio of 0.6x.

Demarks Pivot Points /
Syrah Resources: Look for a short limit order entry @$2.525

Syrah Resources current pivot point (DeMark) is: (R1) $2.55. The current pivot point (DeMark) is: (S1) $2.47.

MACD Volume /
Syrah Resources: Volume MACD @23460 [Bullish]

[BULLISH]: Syrah Resources currently has positive Volume MACD of 23460. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Syrah Resources

SYR: TMA Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH (3) 10 Aug: BEARISH CROSSOVER

First timeframe trend of Syrah Resources remains as an Downtrend
Short Trend /
First timeframe trend of Syrah Resources remains as an Downtrend

[BEARISH]: Syrah Resources is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

MACD /
MACD for Syrah Resources continues to lose momentum @-0.057

[BEARISH]: Syrah Resources currently has negative MACD of -0.057. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -13.2%.

Oversold signal for the Relative Strength Index is still current for Syrah Resources [OVERSOLD]
Relative Strength Index /
Oversold signal for the Relative Strength Index is still current for Syrah Resources [OVERSOLD]

[BULLISH]: Syrah Resources is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @27.5

Price moved on high volume to close lower for the day for SYR [Difficult to Move]
Ease of Movement /
Price moved on high volume to close lower for the day for SYR [Difficult to Move]

[BEARISH]: Syrah Resources current price have moved downwards on high volume. Currently, the Ease of Movement is -0.246

Range Tod Vs Range Yest /
Sellers are still less eager for Syrah Resources given the price range is contracting

[WEAK BULLISH]: Syrah Resources sellers are becoming less eager. There has been 2 consecutive days of range increase for SYR reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.4800 & the greatest daily price range this year has been $2.4500. 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 0.2x.

Fibonacci Fans /
[Long]: Limit orders for Syrah Resources should be set at $0

Syrah Resources is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for SYR should be set @$15.71 & Stoploss for Syrah Resources should be set between $15.24

Donchian Channels /
SYR: Price continues to move above the Upper Donchian Band @$3.15

[BEARISH]: Syrah Resources is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Syrah Resources: Look for a short limit order entry @$0
Fibonacci Extensions /
Syrah Resources: Look for a short limit order entry @$0

Syrah Resources has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for SYR should be set @$0 & short position stoploss for Syrah Resources should be set at $0

Negative momentum for Syrah Resources is a leading indicator for continued price falls
Momentum /
Negative momentum for Syrah Resources is a leading indicator for continued price falls

[BEARISH]: Syrah Resources currently has negative momentum of -0.32 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.9%.The largest downward momentum rally for the last 3 months is 10 days producing a return of -15.6%.

Rate of Change /
Negative ROC: Price is trading lower for Syrah Resources than 14 days ago

[BEARISH]: Syrah Resources currently has negative rate of change of -18.182%. 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

Daily Volume Index /
Recent trading signals Syrah Resources is being accumulated

[BULLISH]: Syrah Resources (ASX:SYR) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 440.

Detrended Price Oscillator /
Price is currently below the displaced moving average for SYR [Bearish]

[BEARISH]: Syrah Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for SYR. Currently, the return on DPO20 is -1.9%.

Limit order for a short position has been identified for Syrah Resources [Bearish]
Woodie Pivot Point /
Limit order for a short position has been identified for Syrah Resources [Bearish]

Syrah Resources has broken the first Woodie support point ($2.48) [Bearish]. Look for a short limit order entry near this point. Exit price for SYR should be set @$2.45 & short position stoploss for Syrah Resources should be set at $2.61

Lower envelope oversold signal had been maintained for Syrah Resources
Moving Average Envelope /
Lower envelope oversold signal had been maintained for Syrah Resources

[BULLISH]: Syrah Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.6885.

Potential CCI trend reversal has been identified with Syrah Resources
Commodity Channel Index /
Potential CCI trend reversal has been identified with Syrah Resources

[BULLISH]: Syrah Resources (ASX:SYR) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -183. The bullish signal has been active for 8 days. During the quarter, the lowest CCI value was -226.

Elder Ray Index /
Syrah Resources: Elder Ray Index is -0.241 [Bearish]

[BEARISH]: Syrah Resources Elder Ray Index is signalling a Bearish movementERI is -0.241 indicating bear power. Prices are being driven below the consensus of value for SYR during the last trading session [Selling Pressure]

Elders Force Index /
Price & volume confirms continued selling pressure for Syrah Resources is likely

SYR: Elders Force Index Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH (3) 10 Aug: BEARISH CROSSOVER

Medium Trend /
Second timeframe trend of Syrah Resources remains as an Uptrend

[BULLISH]: Syrah Resources is in an uptrend in the medium term timeframe. The current rally number is 33 & the highest rally count for the LTM is 106. The highest rally for the month is 10

Pivot Points /
Syrah Resources has moved below the S1 pivot point ($2.486) [Bearish]

Syrah Resources current pivot point is: 2.533. The current resistance levels are: (R1) $2.566: (R2) $2.613: (R3) $2.646: The current support levels are: (S1) $2.486: (S2) $2.453: (S3) $2.406

Price continues to trade below the Exponential Moving Average(5) for SYR
Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for SYR

[BEARISH]: Syrah Resources currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.9%.

Syrah Resources currently has negative PPO -3.036
Percentage Price /
Syrah Resources currently has negative PPO -3.036

[BEARISH]: Syrah Resources currently has negative PPO -3.036%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Percentage Volume /
Volume for Syrah Resources continues to gain momentum @9.2)

SYR: PVO Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH CROSSOVER (3) 10 Aug: BULLISH CROSSOVER

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