IGO | Australian Securities Exchange

Independence
+ Share

Price continues to trade below the Sine Weighted Moving Average(15) for IGO
Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(15) for IGO

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -2.5%.

Independence: Current trading activity signals distribution is present
Accumulation / Distribution /
Independence: Current trading activity signals distribution is present

[BEARISH]: Independence (ASX:IGO) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -513140.

Elder Ray Index /
Selling pressure for IGO highlights ability of sellers to drive the price downwards

[BEARISH]: Independence Elder Ray Index is signalling a Bearish movementERI is -0.275 indicating bear power. Prices are being driven below the consensus of value for IGO during the last trading session [Selling Pressure]

Fibonacci Fans /
Independence: 0.618 Fibonacci Fan ($5.04)

Independence: The current Fibonacci Fan levels are: (23.61%) $6.53: (38.2%) $5.29: (50%) $5.17: (61.8%) $5.04The current support levels are: (78.6%) $4.86: (100%) $4.64: (138.2%) $4.22: (161.8%) $3.97: (261.8%) $2.89: (423.61%) $1.15

Weighted Moving Average /
Independence is in a short term downtrend with the closing price @$4.27

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -2.5%.

Woodie Pivot Point /
Independence: Woodie Pivot ($4.269)

Independence current pivot point (Woodie) is: $4.269. The current resistance levels are: (R1) $4.343: (R2) $4.414The current support levels are: (S1) $4.198: (S2) $4.124

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Camarilla Pivot Points /
Independence: Camarilla Pivot ($4.268)

Independence current pivot point Camarilla is: $4.268. The current resistance levels are: (R1) $4.626: (R2) $4.981: (R3) $5.337: (R4) $6.404The current support levels are: (S1) $3.914: (S2) $3.559: (S3) $3.203: (S4) $2.136

Initiation of overbought signal for Independence [Bearish Crossover]
Stochastic Oscillator /
Initiation of overbought signal for Independence [Bearish Crossover]

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

Daily bar has maintained 3rd timeframe Uptrend for IGO
Long Trend /
Daily bar has maintained 3rd timeframe Uptrend for IGO

IGO: Long Term Trend Current Signal -> (1) 15 Oct: BULLISH (2) 12 Oct: BULLISH (3) 11 Oct: BULLISH

Medium Trend /
Daily bar has maintained 2nd timeframe Uptrend for IGO

[BULLISH]: Independence is in an uptrend in the medium term timeframe. The current rally number is 34 & the highest rally count for the LTM is 40. The highest rally for the month is 11

Commodity Channel Index /
Potential continuation of a trend reversal (Bullish) for Independence

[BULLISH]: Independence (ASX:IGO) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -143. The bullish signal has been active for 3 days. During the quarter, the lowest CCI value was -143.

Independence: DeMark Pivot ($4.2688)
Demarks Pivot Points /
Independence: DeMark Pivot ($4.2688)

Independence current pivot point (DeMark) is: (R1) $4.343. The current pivot point (DeMark) is: (S1) $4.198.

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

IGO: SMA(15) Current Signal -> (1) 15 Oct: BEARISH (2) 12 Oct: BEARISH (3) 11 Oct: BEARISH

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Independence

[BULLISH]: Independence UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.226.

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(15) for IGO

[BEARISH]: Independence currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -2.5%.

Donchian Channels /
Closing price ($4.27) for IGO is still below the Upper Donchian Band

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

Negative momentum on the MACD histogram for IGO is maintained & supports a bearish move is likely
MACD /
Negative momentum on the MACD histogram for IGO is maintained & supports a bearish move is likely

[BEARISH]: Independence currently has negative MACD of -0.0718. This means the signal line is less than the MACD line signalling a bearish movement.

William %R for IGO has crossed below the oversold limit triggering a bullish crossover signal
Williams %R /
William %R for IGO has crossed below the oversold limit triggering a bullish crossover signal

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

Independence is in a short term downtrend with the closing price @$4.27
Triangular Moving Average /
Independence is in a short term downtrend with the closing price @$4.27

IGO: TMA Recent Trading -> (1) 15 Oct: 4.4940 (2) 12 Oct: 4.4720 (3) 11 Oct: 4.4470

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong uptrend is intact for IGO

[BULLISH]: Independence has a current ARO(25) of 64. This has change -8 points from yesterday.

Volume Rate of Change /
Independence: Volume rate of Change (14) Crossover

[BEARISH CROSSOVER]: Independence currently has negative rate of change of -23%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2.5%.

Detrended Price Oscillator /
Independence: Detrended Price Oscillator(20) (-0.0345)

IGO: DPO Current Signal -> (1) 15 Oct: BEARISH CROSSOVER (2) 12 Oct: BULLISH CROSSOVER (3) 11 Oct: BEARISH CROSSOVER

On Balance Volume /
OBV: Distribution still active for Independence

[BEARISH]: Independence current price has highlighted recent distribution. Currently, the OBV is -1.19316e+006.

Volume for Independence is now losing momentum @-1.92)
Percentage Volume /
Volume for Independence is now losing momentum @-1.92)

[BEARISH CROSSOVER]: Independence currently has negative PVO -1.92%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

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

[BEARISH]: Independencesellers are keener than buyers and are driving the price down. This is the first day of price decline for IGO adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -5.8 & the greatest daily negative change this year has been -6.7. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -13.6%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -13.4%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.2x. Over the last month the average daily downward movement has been -2.600000%

Fibonacci Retracements /
Independence: 0.618 Fibonacci Retraction (3.63)

Independence: The current Fibonacci Retraction levels are: (23.61%) $4.7: (38.2%) $3.81: (50%) $3.72: (61.8%) $3.63The current support levels are: (78.6%) $3.5: (100%) $3.34: (138.2%) $3.04: (161.8%) $2.86: (261.8%) $2.08: (423.61%) $0.83

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