Technical analysis from ASX 200 Materials (^XMJ) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

ASX 200 Materials
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ASX 200 Materials has signalled an ATR trend present [Downtrend]
Average True Range /
ASX 200 Materials has signalled an ATR trend present [Downtrend]

XMJ: Average True Range Recent Trading -> (1) 20 Apr: 137.4690 (2) 19 Apr: 141.6820 (3) 18 Apr: 129.5810

XMJ Basic Candle: Short Black
Short Black Candle /
XMJ Basic Candle: Short Black

[BEARISH]: ASX 200 Materials has formed a Short Black candlestick. This means, XMJ has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Price Range /
ASX 200 Materials: Daily price range is $82.7 [Decreasing Range]

XMJ: Price Range Recent Trading -> (1) 20 Apr: 82.7 (2) 19 Apr: 299 (3) 18 Apr: 111.7

Momentum /
Momentum continues to build for ASX 200 Materials signalling a short term uptrend is likely

[BULLISH]: ASX 200 Materials currently has positive momentum of 393.7000. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.5000%. The largest upward momentum rally for the last 3 months is 12 days producing a return of 7.8%%.

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

XMJ: TMA Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Opening Price /
ASX 200 Materials: Daily opening performance is 2.3000000000000000 % [Uptrend]

XMJ: OPEN Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: NEUTRAL (3) 18 Apr: NEUTRAL

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Stochastic Oscillator /
ASX 200 Materials is no longer overbought [Neutral]

[BEARISH]: ASX 200 Materials is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

ASX 200 Materials is in a short term uptrend with the closing price @$11878.4000
Simple Moving Average /
ASX 200 Materials is in a short term uptrend with the closing price @$11878.4000

XMJ: SMA(5) Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Third timeframe trend of ASX 200 Materials remains as an Uptrend
Long Trend /
Third timeframe trend of ASX 200 Materials remains as an Uptrend

[BULLISH]: ASX 200 Materials is in an uptrend in the medium term timeframe. The current rally number is 8 & the highest rally count for the LTM is 8. The highest rally for the month is 15

Close Tod Vs Close Yest /
The biggest downward movement for ASX 200 Materials this month has been -0.6

[BEARISH]: ASX 200 Materialssellers are keener than buyers and are driving the price down. This is the first day of price decline for XMJ adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -0.6 & the greatest daily negative change this year has been -2.7. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -4.9%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -0.6%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily downward movement has been -0.600000%

High Price /
ASX 200 Materials: Daily high price is $11933.9 [Lower High]

[BEARISH]: ASX 200 Materials current downtrend in the first timeframe. Currently, the HIGH is -0.3000000000000000 %.

MACD /
Positive momentum on the MACD histogram for XMJ is maintained & supports a bullish move is likely

[BULLISH]: ASX 200 Materials currently has positive MACD of 107.0390. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 6.7%.

Recent trading for ASX 200 Materials fell short of the previous close by -0.5 %
Closing Price /
Recent trading for ASX 200 Materials fell short of the previous close by -0.5 %

[BEARISH]: ASX 200 Materials current downtrend in the first timeframe. Currently, the Close is $11878.4000.

Sine Weighted Moving Average(5) signal continues for ASX 200 Materials indicating upward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for ASX 200 Materials indicating upward price movement is likely

[BULLISH]: ASX 200 Materials 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 -0.5%.

Bear Harami /
ASX 200 Materials: Bear Harami

XMJ: Reversal (Weak) Candlestick Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: NEUTRAL

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for ASX 200 Materials

[BULLISH]: ASX 200 Materials current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 10845.1810.

Medium Trend /
ASX 200 Materials has maintained the 2nd timeframe trend [Downtrend]

[BEARISH]: ASX 200 Materials is in an downtrend in the medium term timeframe. The current rally number is 17 & the highest rally count for the LTM is 17. The highest rally for the month is 15

[Long]: Entry price for XMJ should be set @$11878.6750
Demarks Pivot Points /
[Long]: Entry price for XMJ should be set @$11878.6750

ASX 200 Materials has broken the first DeMark resistance point ($11878.6750) [Bullish]. Look for a long limit order entry near this point. Exit price for XMJ should be set @$11906.1500 & Stoploss for ASX 200 Materials should be set at $11823.4500

William %R for XMJ has crossed below the overbought limit triggering a neutral signal
Williams %R /
William %R for XMJ has crossed below the overbought limit triggering a neutral signal

[BULLISH]: ASX 200 Materials is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

The 161.8% Fibonacci extension level for XMJ has moved to the upper limit. Stoploss should be positioned @$7577.34
Fibonacci Extensions /
The 161.8% Fibonacci extension level for XMJ has moved to the upper limit. Stoploss should be positioned @$7577.34

ASX 200 Materials has moved above the 161.8% level ($7241.84) [Bearish]. Look for a short limit order entry near this point. Exit price for XMJ should be set @$6906.34 & short position stoploss for ASX 200 Materials should be set at $7577.34

Average Directional Movement /
[Weak Trend]: Average Directional Index (24.5700) weak trend has been confirmed for XMJ

[Weak Trend]: ADX for XMJ has confirmed a weak trend is presentASX 200 Materials has an ATR(14) of 137.4690, a DX of 52.1800 & an ADX(14) of 24.5700

Rate of Change /
ASX 200 Materials: Rate of Change (8.0100)

[BULLISH]: ASX 200 Materials currently has positive rate of change of 8.0000%. 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

Aroon Oscillator /
[Uptrend]: Aroon oscillator (36.0000) uptrend has been confirmed for XMJ

[BULLISH]: ASX 200 Materials has a current ARU(25) of 96.0000 and a current ARD(25) of 60.0000

Strong price performance from XMJ has seen a lower low of 1.6 % [Uptrend]
Low Price /
Strong price performance from XMJ has seen a lower low of 1.6 % [Uptrend]

[BEARISH]: ASX 200 Materials current uptrend in the first timeframe. Currently, the Low is $11851.2000 (1.6 %).

Price is currently above the displaced moving average for XMJ [Bullish]
Detrended Price Oscillator /
Price is currently above the displaced moving average for XMJ [Bullish]

[BULLISH]: ASX 200 Materials currently has a confirmed uptrend. Price is currently above the displaced moving average for XMJCurrently, the return on DPO20 is -0.5%.

Exponential Moving Average /
ASX 200 Materials is in a short term uptrend with the closing price @$11878.4000

[BULLISH]: ASX 200 Materials 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 -0.5%.

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