Lukoil: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for LKOH
LKOH: Close versus price range Current Signal ->(1) 23 May: BEARISH (2) 23 May: NEUTRAL (3) 22 May: NEUTRAL
[Bearish]: Average True Range has confirmed an downtrend is present. Lukoil has a TR of 2.193, and an ATR(14) of 1.749.
Lukoil has moved above the 161.8% level ($9.22) [Bearish]. Look for a short limit order entry near this point. Exit price for LKOH should be set @$8.37 & short position stoploss for Lukoil should be set at $10.08
[BULLISH]: Lukoil currently has positive volume of change of 62%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -2.8%.
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[BEARISH]: Lukoil has formed a Long Black candlestick. This means, LKOH has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
[BULLISH]: Lukoil current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 62.947.
[BULLISH]: Lukoil current price has highlighted recent accumulation. Currently, the OBV is 105002.
LKOH: Open today versus close yesterday Recent Trading ->(1) 23 May: 100% (2) 24 May: 100% (3) 23 May: 0%
[BULLISH]: Lukoil currently has positive MACD of 0.8849. This means the signal line is greater than the MACD line signalling a bullish movement.
[BEARISH]: Lukoil 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 -2.8%.
LKOH: Chaikin Oscillator Current Signal -> (1) 23 May: NEUTRAL (2) 24 May: BULLISH (3) 23 May: BULLISH
[BULLISH]: Lukoil has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 15 2018.
Lukoil Currently is a confirmed Green Day. Both MFI & volume are down for LKOH. Trend continuation likely for LKOH from increased trading activity.
[BEARISH]: Lukoilsellers are keener than buyers and are driving the price down. This is the first day of price decline for LKOH adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -3.1 & the greatest daily negative change this year has been -56.2. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -99.7%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -13.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.2x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -2.100000%
Lukoil has broken the first DeMark support point ($69.7953) [Bearish]. Look for a short limit order entry near this point. Exit price for LKOH should be set @$68.1500 & short position stoploss for Lukoil should be set at $70.344
[BEARISH]: Lukoil is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.
LKOH: ADLINE Current Signal -> (1) 23 May: BULLISH (2) 24 May: BULLISH (3) 23 May: BULLISH
LKOH: LOW Current Signal -> (1) 23 May: BEARISH (2) 18 May: BULLISH (3) 16 May: BULLISH
[Weak Trend]: ADX for LKOH has confirmed a weak trend is present. Lukoil has an ATR(14) of 1.749, a DX of 14.48 & an ADX(14) of 21.63
[BULLISH]: Lukoil current uptrend in the first timeframe. Currently, the HIGH is 0.3 %.
[BEARISH]: Lukoil UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.01.