Australian Securities Exchange

Independence
+ Share

Independence has moved above the R1 DeMark pivot point ($4.24) [Bullish]
Demarks Pivot Points /
Independence has moved above the R1 DeMark pivot point ($4.24) [Bullish]

Independence has broken the first DeMark resistance point ($4.2400) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$4.28 & Stoploss for Independence should be set at $4.14

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

IGO: Range today versus range yesterday Current Signal ->(1) 14 Aug: BEARISH (2) 13 Aug: BULLISH (3) 10 Aug: BEARISH

Fibonacci Extensions /
[Long]: Entry price for IGO should be set @$11.06

Independence has moved below the 161.8% level ($11.06) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$10.14 & Stoploss for Independence should be set at $11.98

Rate of Change /
Independence currently has negative rate of change for -12.266

[BEARISH]: Independence currently has negative rate of change of -12.266%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for IGO

[Trend]: ADX for IGO has confirmed a strong trend is present. Independence has an ATR(14) of 0.153, a DX of 41.36 & an ADX(14) of 26.78

Open Tod Vs Close Tod /
Independence: Over the last 12 months there has been 49 trading days giving a confirmation ratio of 18.6%.

[BEARISH STRONG]: Independence opened in the upper part of daily range at 71.4% & closed in the lower part of the trading range at 14.3%. This suggests the sellers were in control all day. Over the last 12 months there has been 49 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 18.6%. Over the last month there has been 4 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 40%.

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Accumulation / Distribution /
IGO: Current trading activity signals distribution is active

[BEARISH]: Independence (ASX:IGO) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -3.32022e+007.

The MACD continues to fall below the signal line for IGO [Bearish]
MACD /
The MACD continues to fall below the signal line for IGO [Bearish]

[BEARISH]: Independence currently has negative MACD of -0.0119. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -14.4%.

IGO Basic Candle: Black
Black Candle /
IGO Basic Candle: Black

[BEARISH]: Independence has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Exponential Moving Average /
Independence: Exponential Moving Average(5) (4.287)

[BEARISH]: Independence 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%.

Close Tod Vs Range Tod /
Seller commitment has continued for Independence adding strength to an downtrend in the first timeframe

[BEARISH]: Independence sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Independence 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 91 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.6%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 16 days in the lower price range compared to 6 days in the upper range giving a ratio of 2.7x.

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

[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 0.0%.

Bearish trading conditions for Independence has been signalled from the DPO (-0.628)
Detrended Price Oscillator /
Bearish trading conditions for Independence has been signalled from the DPO (-0.628)

[BEARISH]: Independence currently has a confirmed downtrend. Price is currently below the displaced moving average for IGO. Currently, the return on DPO20 is 0.0%.

Independence is in a short term downtrend with the closing price @$4.22
Simple Moving Average /
Independence is in a short term downtrend with the closing price @$4.22

[BEARISH]: Independence 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%.

Williams %R /
William %R for IGO is still below the oversold limit signalling a bullish movement

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

Chaikin Money Flow /
Independence continues negative divergence & potential shift in direction

[BEARISH]: Independence current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.23. Independence (ASX:IGO) received a confirmed CMF crossover days on the Jul 3 2018. The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.33 occurring on the Jul 3 2018.

Aroon Oscillator /
Independence: ARO(-96) has signalled and strong downtrend is current

[BEARISH]: Independence has a current ARO(25) of -96. This has change -4 points from yesterday.

Confirmation of Independence is currently being distributed via DVI
Daily Volume Index /
Confirmation of Independence is currently being distributed via DVI

[BEARISH]: Independence (ASX:IGO) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -13146.

Independence: Percentage Volume Oscillator (4.45)
Percentage Volume /
Independence: Percentage Volume Oscillator (4.45)

[BULLISH]: Independence currently has positive PVO 4.45%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -5.6%.

Donchian Band Overbought signal is still current for Independence [Bearish]
Donchian Channels /
Donchian Band Overbought signal is still current for Independence [Bearish]

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

MACD Volume /
Volume MACD for Independence continues to lose momentum @-75524

IGO: Volume MACD Recent Trading -> (1) 14 Aug: -75524 (2) 13 Aug: -139786 (3) 10 Aug: -132816

Percentage Price /
Independence currently has negative PPO -3.692

[BEARISH]: Independence currently has negative PPO -3.692%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Elders Force Index /
Independence: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Independence current price has highlighted recent selling pressure. Currently, the Elders Force Index is -265958.

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

IGO: Medium Term Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BEARISH (3) 10 Aug: BEARISH CONFIRM

OBV: Distribution still active for Independence
On Balance Volume /
OBV: Distribution still active for Independence

[BEARISH]: Independence current price has highlighted recent distribution. Currently, the OBV is -4.1044e+007.

Negative momentum for Independence is a leading indicator for continued price falls
Momentum /
Negative momentum for Independence is a leading indicator for continued price falls

[BEARISH]: Independence currently has negative momentum of -0.05 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 8 days producing a return of -7%.

Bull Harami /
Independence: Bull Harami

IGO: Reversal (Weak) Candlestick Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: NEUTRAL (3) 10 Aug: NEUTRAL

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