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

International Goldfields
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IGL: Average True Range has confirmed an downtrend @0.031
Average True Range /
IGL: Average True Range has confirmed an downtrend @0.031

IGL: Average True Range Recent Trading -> (1) 19 Jun: 0.031 (2) 18 Jun: 0.033 (3) 15 Jun: 0.034

IGL Basic Candle: Black Marubozu
Black Marubozu /
IGL Basic Candle: Black Marubozu

[BEARISH]: International Goldfields has formed a Black Marubozu candlestick. This means, IGL has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Range Tod Vs Range Yest /
Sellers are now less eager for International Goldfields given the price range is contracting

[WEAK BULLISH]: International Goldfields sellers are becoming less eager. This is the first day sellers have decreased eagerness for IGL reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.1100 & the greatest daily price range this year has been $0.2600. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.4x.

Ease of Movement /
International Goldfields was difficult to move downward due to high volume in recent trading [Bearish]

[BEARISH]: International Goldfields current price have moved downwards on high volume. Currently, the Ease of Movement is -0.039

Price Range /
Range for IGL has not surpassed the range of the previous trading session

[BEARISH]: International Goldfields current downtrend in the first timeframe. Currently, the Range is $0.01.

Momentum /
Negative momentum: Price is trading lower for International Goldfields than 5 days ago

[BEARISH]: International Goldfields currently has negative momentum of -0.03 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 4 days producing a return of -1.8%.

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Triangular Moving Average /
The TMA trend following signal is still current for International Goldfields [Bearish]

[BEARISH]: International Goldfields currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.0%.

International Goldfields: Chaikin Oscillator crossover has formed from increased selling pressure
Chaikin Money Flow /
International Goldfields: Chaikin Oscillator crossover has formed from increased selling pressure

[BEARISH CROSSOVER]: International Goldfields current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.07. During the quarter, the lowest CMF value was -0.37 occurring on the Jun 15 2018.

Exponential Moving Average(5) signal continues for International Goldfields indicating downward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for International Goldfields indicating downward price movement is likely

[BEARISH]: International Goldfields 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 0.0%.

Fibonacci Extensions /
Stoploss for International Goldfields should be set at $0.87

International Goldfields has moved above the 161.8% level ($1.76) [Bearish]. Look for a short limit order entry near this point. Exit price for IGL should be set @$2.65 & short position stoploss for International Goldfields should be set at $0.87

Open Tod Vs Close Tod /
International Goldfields: Over the last 12 months there has been 35 trading days giving a confirmation ratio of 13.3%.

[BEARISH STRONG]: International Goldfields opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 35 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 13.3%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 25%.

Daily Volume Index /
International Goldfields: Current trading activity signals DVI distribution is present

[BEARISH]: International Goldfields current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -91.

Envelope bands Oversold signal is still current for International Goldfields [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for International Goldfields [Bullish]

[BULLISH]: International Goldfields current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.147.

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

International Goldfields current pivot point (Woodie) is: $2.273. The current resistance levels are: (R1) $2.276: (R2) $2.283The current support levels are: (S1) $2.266: (S2) $2.263

Close Tod Vs Range Tod /
IGL: Over the last 12 months there has been 102 trading days with the closing price in the lower part of the range giving a confirmation ratio of 38.8%.

[BEARISH]: International Goldfields sellers in control. There has been 5 consecutive days of prices closing in the lower part of the trading range for International Goldfields 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 102 trading days with the closing price in the lower part of the range giving a confirmation ratio of 38.8%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 24 days in the lower price range compared to 16 days in the upper range giving a ratio of 1.5x.

Medium Trend /
International Goldfields has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: International Goldfields has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 6 2018.

Percentage Volume /
IGL: Percentage Volume Oscillator [Bullish]

[BULLISH]: International Goldfields currently has positive PVO 2.38%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 1.7%.

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

[BEARISH]: International Goldfields current price has highlighted recent distribution. Currently, the OBV is -286787.

Ulcer index has fallen as the price rises for International Goldfields
Ulcer Index /
Ulcer index has fallen as the price rises for International Goldfields

IGL: UIC Recent Trading -> (1) 19 Jun: 1.696 (2) 18 Jun: 1.66 (3) 15 Jun: 1.627

[Bearish]: SWMA(5) is serving as a resistance line for International Goldfields
Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for International Goldfields

[BEARISH]: International Goldfields currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Aroon Oscillator /
International Goldfields: Aroon Oscillator (56)

IGL: Aroon Oscillator Recent Trading -> (1) 19 Jun: 56 (2) 18 Jun: 56 (3) 15 Jun: 56

Simple Moving Average /
Simple Moving Average(5) signal continues for International Goldfields indicating downward price movement is likely

[BEARISH]: International Goldfields 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 0.0%.

Demarks Pivot Points /
International Goldfields has moved above the R1 DeMark pivot point ($2.2725) [Bullish]

International Goldfields current pivot point (DeMark) is: (R1) $2.275. The current pivot point (DeMark) is: (S1) $2.265.

MACD /
MACD oscillator is now negative for IGL

IGL: MACD Current Signal -> (1) 19 Jun: BEARISH CROSSOVER (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

International Goldfields: Current trading activity signals distribution is present
Accumulation / Distribution /
International Goldfields: Current trading activity signals distribution is present

IGL: ADLINE Recent Trading -> (1) 19 Jun: -898485 (2) 18 Jun: -771733 (3) 15 Jun: -676288

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

[BULLISH]: International Goldfields currently has a confirmed uptrend. Price is currently above the displaced moving average for IGL. Currently, the return on DPO20 is 0.0%.

Average Directional Movement /
International Goldfields: Average Directional Index (33.94)

[Trend]: ADX for IGL has confirmed a strong trend is present. International Goldfields has an ATR(14) of 0.031, a DX of 24.99 & an ADX(14) of 33.94

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