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

Independence
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IGO: Price has moved above the SWMA(5) @$4.044
Sine Weighted Moving Average /
IGO: Price has moved above the SWMA(5) @$4.044

[BULLISH]: Independence 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%.

Recent trading for IGO has failed to beat the previous volume by -1.8 [Downtrend]
Volume /
Recent trading for IGO has failed to beat the previous volume by -1.8 [Downtrend]

[BEARISH]: Independence current volume downtrend in the first timeframe. Volume for IGO is4.0118e+006 (-1.8).

Range Tod Vs Range Yest /
Independence: Range Performance (-8.3)

[WEAK BEARISH]: Independencebuyers are becoming less eager.There has been 2 consecutive days of range decrease for IGO reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.355 & the greatest daily price range this year has been $1.83. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.2x.

Close Tod Vs Close Yest /
Daily trading performance for IGO has continued a short term uptrend

[BULLISH]: Independencebuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for IGO adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.2 & the greatest daily positive change this year has been 8.8. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 8.8%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 6.3%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.2x. Over the last month the average daily upward movement has been 1.4%

Aroon Oscillator /
Aroon oscillator for Independence has signalled a strong downtrend is active

[BEARISH]: Independence has a current ARU(25) of 12 and a current ARD(25) of 92

Exponential Moving Average /
[Downtrend]: Recent trading for IGO indicates ST trend is likely to continue

IGO: EMA(5) Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH CROSSOVER

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Average Directional Movement /
Independence: Average Directional Index (20.64) has confirmed a weak trend is present

[Weak Trend]: ADX for IGO has confirmed a weak trend is presentIndependence has an ATR(14) of 0.151, a DX of 15.23 & an ADX(14) of 20.64

Independence: Sellers have taken control.
Open Tod Vs Close Tod /
Independence: Sellers have taken control.

[BEARISH]: Independence opened in the middle part of daily range at 45.5% & closed in the lower part of the trading range at 9.1%. This suggests the sellers have taken control. Over the last 12 months there has been 24 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 9.1%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 25%.

PPO: The shorter moving average for IGOis still below the longer term moving average
Percentage Price /
PPO: The shorter moving average for IGOis still below the longer term moving average

[BEARISH]: Independence currently has negative PPO -1.100%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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

[BEARISH]: Independence 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 0.5%.

Low Price /
Recent trading for Independence has surpassed the previous low by 0.5 %

IGO: LOW Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH

Stochastic Oscillator /
Stochastic oversold signal continues for Independence indicating upward price movement is likely

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

Strong price performance from IGO has seen a higher high of 0.2 % [Uptrend]
High Price /
Strong price performance from IGO has seen a higher high of 0.2 % [Uptrend]

[BULLISH]: Independence current uptrend in the first timeframe. Currently, the HIGH is 0.2 %.

Buying pressure for IGO highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for IGO highlights ability of buyers to drive the price upwards

[BULLISH]: IndependenceElder Ray Index is signalling a Bullish movementERI is 0.015 indicating bull power. Prices are being driven above the consensus of value for IGO during the last trading session [Buying Pressure]

Chaikin Money Flow /
CMF Crossover from decreased selling pressure for Independence

[BEARISH CROSSOVER]: Independence current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.12. During the quarter, the lowest CMF value was -0.12

Fibonacci Extensions /
Independence: Look for a long limit order entry @$5.27

Independence has moved below the 161.8% level ($5.27) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$5.74 & Stoploss for Independence should be set at $4.8

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

[BEARISH]: Independence current price has highlighted recent selling pressure. Currently, the Elders Force Index is -158463.

[Downtrend]: Price for Independence is currently below the displaced moving average
Detrended Price Oscillator /
[Downtrend]: Price for Independence is currently below the displaced moving average

IGO: DPO Recent Trading -> (1) 12 Dec: -0.2655 (2) 11 Dec: -0.2678 (3) 08 Dec: -0.3158

Independence: MACD oscillator (-0.049000)
MACD /
Independence: MACD oscillator (-0.049000)

[BEARISH]: Independence currently has negative MACD of -0.049000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -6.4%.

Price for IGO has opened stronger than close of the previous trading session
Opening Price /
Price for IGO has opened stronger than close of the previous trading session

[BULLISH]: Independence opening price has gapped up. Currently, the OPEN is $4.12 (0.5 %).

Moving Average Envelope /
Lower envelope oversold signal had been cancelled for Independence

[NEUTRAL]: Independence current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 4.0755.

Rate of Change /
Independence: Rate of Change (-8.725)

IGO: ROC Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH CROSSOVER (3) 08 Dec: BEARISH CROSSOVER

Weighted Moving Average /
Independence: Closing price $4.08 is above the WMA(5) @$4.053

[BULLISH]: Independence 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 0.5%.

Williams %R /
Independence is no longer oversold with the William %R @-77.6

IGO: William %R Current Signal -> (1) 12 Dec: BEARISH CROSSUNDER (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH CROSSOVER

Independence: 2nd timeframe trend Downtrend remains intact
Medium Trend /
Independence: 2nd timeframe trend Downtrend remains intact

IGO: Medium Term Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH CONFIRM

Strong price performance from IGO has seen a higher close of 0.5 % [Uptrend]
Closing Price /
Strong price performance from IGO has seen a higher close of 0.5 % [Uptrend]

[BULLISH]: Independence current uptrend in the first timeframe. Currently, the Close is $4.08.

Percentage Volume /
Independence: Percentage Volume Oscillator @1 [Bullish Crossover]

IGO: PVO Recent Trading -> (1) 12 Dec: 0.97 (2) 11 Dec: -0.22 (3) 08 Dec: -2

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