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

Independence
+ Share

Recent trading has opened -3.3 % lower than previous close for IGO
Opening Price /
Recent trading has opened -3.3 % lower than previous close for IGO

[BEARISH]: Independence opening price has gapped down. Currently, the OPEN is $4.68 (-3.3 %).

Independence: Two Crows
Two Crows /
Independence: Two Crows

[BEARISH]: Independence has formed a new Two Crows reversal pattern.

Range Tod Vs Range Yest /
Independence: Range Performance (-62.5)

[WEAK BULLISH]: Independence sellers are becoming less eager. This is the first day sellers have decreased eagerness for IGO reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.6100 & the greatest daily price range this year has been $1.2750. 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 0.5x.

Chaikin Money Flow /
Selling pressure for Independence continues - bearish signal

[BEARISH]: Independence current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.26. IGO received a confirmed CMF crossover days on the May 2 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.33 occurring on the May 2 2018.

Average True Range /
Daily bar has confirmed has confirmed an ATR downtrend is intact for IGO

[Bearish]: Average True Range has confirmed an downtrend is present. Independence has a TR of 0.09, and an ATR(14) of 0.163.

MACD /
IGO: Moving Average Convergence Divergence [Bearish]

[BEARISH]: Independence currently has negative MACD of -0.0351. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -11.2%.

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Aroon Oscillator /
[Downtrend]: Aroon oscillator (-92) strong downtrend has been confirmed for IGO

[BEARISH]: Independence has a current ARO(25) of -92. This has change 4 points from yesterday.

Independence is still above the 61.8% retracement fan level ($0) [Bullish]
Fibonacci Fans /
Independence is still above the 61.8% retracement fan level ($0) [Bullish]

Independence is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$9.17 & Stoploss for Independence should be set between $8.98

IGOCCI signal continuation confirmed as oversold
Commodity Channel Index /
IGOCCI signal continuation confirmed as oversold

[BULLISH]: Independence current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -180. The bullish signal has been active for 2 days. During the quarter, the lowest CCI value was -180.

Triangular Moving Average /
Independence is in a short term downtrend with the closing price @$4.67

IGO: TMA Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH

Long Trend /
Third timeframe trend of Independence remains as an Uptrend

[BULLISH]: Independence has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 4 2018.

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

[BEARISH]: Independence is in an downtrend in the medium term timeframe. The current rally number is 19 & the highest rally count for the LTM is 19. The highest rally for the month is 18

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

[BEARISH]: Independence current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.74745e+007.

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.

Short Trend /
Daily bar has again closed the day with an Downtrend for IGO

[BEARISH]: Independence is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 3

Bollinger Bands /
Independence: Closing price $4.67 is below the Lower Bollinger Band ($4.67)

[BULLISH CROSSOVER]: Independence has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is -0.4% with a current width of 11.24.

Percentage Price /
The current price is still losing momentum through a fall for IGO on the short term EMA.

[BEARISH]: Independence currently has negative PPO -1.529%. This means the current price is losing momentum through a fall on the short term exponential moving average.

[Downtrend]: Recent trading for IGO indicates ST trend is likely to continue
Exponential 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 EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.1%.

Weaker volume performance from IGO has seen a lower volume of -43.5 [Downtrend]
Volume /
Weaker volume performance from IGO has seen a lower volume of -43.5 [Downtrend]

[BEARISH]: Independence current volume downtrend in the first timeframe. Volume for IGO is 1.47598e+006 (-43.5).

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

IGO: Elders Force Index Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH

Fibonacci Extensions /
Independence has moved above the 161.8% extension level ($0) [Bearish]

Independence has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for IGO should be set @$0 & short position stoploss for Independence should be set at $0

Williams %R /
Oversold signal for the William %R is still current for Independence

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

Closing Price /
Independence has failed to achieve a higher close of $4.67 (-1.1 %)

[BEARISH]: Independence current downtrend in the first timeframe. Currently, the Close is $4.67.

The SWMA trend following signal is still current for Independence [Bearish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Independence [Bearish]

[BEARISH]: Independence 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 -1.1%.

Independence is still above the 61.8% retracement level ($0) [Bullish]
Fibonacci Retracements /
Independence is still above the 61.8% retracement level ($0) [Bullish]

Independence is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for IGO should be set @$9.17 & Stoploss for Independence should be set between $8.98

Stochastic Oscillator /
Stochastic Oversold signal is still current for Independence [Bullish]

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

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