Technical analysis from Xero (XRO.AX.AX, ASX:XRO.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Xero
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Xero: The price range ratio this week versus the quarterly price range is 0.5x
Range Tod Vs Range Yest /
Xero: The price range ratio this week versus the quarterly price range is 0.5x

[BULLISH]: Xerobuyers are increasingly eager. There has been 2 consecutive days of range increase for XRO adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.78 & the greatest daily price range this year has been $1.78. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 1x.

Closing price ($29.76) for XRO is now above the Upper Envelope Band
Moving Average Envelope /
Closing price ($29.76) for XRO is now above the Upper Envelope Band

[BEARISH CROSSOVER]: Xero current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 29.6415.

Percentage Volume /
Volume has now fallen below the short term EMA for XRO [Bearish Crossover]

[BEARISH CROSSOVER]: Xero currently has negative PVO -2.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.9%.

Williams %R /
William %R for XRO has crossed above the overbought limit triggering a bearish crossover signal

XRO: William %R Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

Average True Range /
XRO: Average True Range has confirmed an uptrend @0.693

XRO: Average True Range Recent Trading -> (1) 11 Jan: 0.693 (2) 11 Jan: 0.032 (3) 11 Jan: 0.015

Relative Strength Index /
Relative Strength overbought signal had been initiated for Xero

XRO: RSI Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: NEUTRAL (3) 11 Jan: BEARISH CROSSUNDER

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Volume /
[Bullish]: Xero has beaten previous volume by 19.5

[BULLISH]: Xero current volume uptrend in the first timeframe. Volume for XRO is172031 (19.5).

Xero is in a short term uptrend with the support price @$29.624
Weighted Moving Average /
Xero is in a short term uptrend with the support price @$29.624

[BULLISH]: Xero currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.1%.

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

[BEARISH]: Xero 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 -0.1%.

On Balance Volume /
Xero is being actively accumulated based on OBV

[BULLISH]: Xero current price has highlighted recent accumulation. Currently, the OBV is 704620.

Elder Ray Index /
Xero: Elder Ray Index is 0.952 [Bullish]

[BULLISH]: XeroElder Ray Index is signalling a Bullish movementERI is 0.952 indicating bull power. Prices are being driven above the consensus of value for XRO during the last trading session [Buying Pressure]

Fibonacci Extensions /
Xero has broken above the 161.8% extension level ($0.93) [Bearish]

Xero has moved above the 161.8% level ($0.93) [Bearish]. Look for a short limit order entry near this point. Exit price for XRO should be set @$1.51 & short position stoploss for Xero should be set at $0.35

Xero: ARO(64) has signalled a strong uptrend is current
Aroon Oscillator /
Xero: ARO(64) has signalled a strong uptrend is current

[BULLISH]: Xero has a current ARO(25) of 64. This has change 0 points from yesterday.

Xero: ADX(18.2) has signalled a weak trend is current
Average Directional Movement /
Xero: ADX(18.2) has signalled a weak trend is current

[Weak Trend]: ADX for XRO has confirmed a weak trend is presentXero has an ATR(14) of 0.693, a DX of 18.09 & an ADX(14) of 18.2

High Price /
[Bullish]: Xero has beaten previous high by 0.3 %

[BULLISH]: Xero current uptrend in the first timeframe. Currently, the HIGH is 0.3 %.

Stochastic Oscillator /
Xero is no longer overbought and normal trading conditions are resumed

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

Demarks Pivot Points /
Xero has broken the first DeMark resistance point ($29.77) [Bullish]

Xero current pivot point (DeMark) is: (R1) $30.14. The current pivot point (DeMark) is: (S1) $29.58.

Recent trading signals Xero is being accumulated
Accumulation / Distribution /
Recent trading signals Xero is being accumulated

[BULLISH]: Xero current accumulation has given strength to the share price and the continuation of bullish trading conditions.

The TMA trend following signal is now active for Xero [Bullish]
Triangular Moving Average /
The TMA trend following signal is now active for Xero [Bullish]

XRO: TMA Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH

Sellers are now keener than buyers for Xero & are driving the price down.
Close Tod Vs Close Yest /
Sellers are now keener than buyers for Xero & are driving the price down.

[BEARISH]: Xerosellers are keener than buyers and are driving the price down. This is the first day of price decline for XRO adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.1 & the greatest daily negative change this year has been -1.1. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -8%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -1.1%. 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 -0.6%

High Wave Line /
Xero: High Wave Line

[REVERSAL]: Xero has formed a new High Wave Line reversal pattern.

Rate of Change /
Xero: Rate of change (5.832)

[BULLISH]: Xero currently has positive rate of change of 5.8%. 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 Volume Index /
Xero is now being accumulated based on DVI

[BULLISH CROSSOVER]: Xero current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Woodie Pivot Point /
Limit order for a long position has been identified for Xero [Bullish]

Xero has broken the first Woodie resistance point ($30.04) [Bullish]. Look for a long limit order entry near this point. Exit price for XRO should be set @$30.28 & Stoploss for Xero should be set at $29.16

Signal line is still above the EMA for Xero producing positive momentum
Percentage Price /
Signal line is still above the EMA for Xero producing positive momentum

[BULLISH]: Xero currently has positive PPO 0.900%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Momentum /
Positive momentum: Price is now trading higher for Xero than 5 days ago

XRO: MOM Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

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