Technical analysis from Synlait Milk (SML.NZ, NZE:SML) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Synlait Milk
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Synlait Milk: Daily low price is $7.56 [Lower low]
Low Price /
Synlait Milk: Daily low price is $7.56 [Lower low]

[BULLISH]: Synlait Milk current downtrend in the first timeframe. Currently, the Low is $7.56 (-2.6 %).

Price was easily moved downward in recent trading on low volume causing an downtrend in price for SML
Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for SML

SML: EOM Current Signal -> (1) 20 Oct: BEARISH EASY (2) 19 Oct: BULLISH HARD (3) 18 Oct: BULLISH EASY

Bear Harami /
Synlait Milk: Bear Harami

[BEARISH]: Synlait Milk has formed a new Bear Harami reversal pattern.

Ulcer Index /
Synlait Milk: Ulcer Index 1.706 [Low Stress]

[BEARISH]: Synlait Milk UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.706.

Commodity Channel Index /
Synlait Milk: The CCI overbought signal has been confirmed

[BEARISH]: Synlait Milk current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 121. SML received a confirmed CCI crossover on the Oct 12 2017.The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 206.

Bill Williams Market Facilitation /
Market movement acceleration likely for SML as a result of Green Day

Synlait Milk Currently is a confirmed Green Day. Both MFI & volume are down for SML. Trend continuation likely for SML from increased trading activity.

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Detrended Price Oscillator /
Detrended Price for SML has signalled bullish price movements are likely

SML: DPO Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Momentum /
5-day momentum is increasing for Synlait Milk

[BULLISH]: Synlait Milk currently has positive momentum of 0.48. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 2.1%. The largest upward momentum rally for the last 3 months is 29 days producing a return of 49.9%%.

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Synlait Milk is in a short term uptrend with the closing price @$7.96
Triangular Moving Average /
Synlait Milk is in a short term uptrend with the closing price @$7.96

[BULLISH]: Synlait Milk currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.1%.

Synlait Milk is no longer overbought [Neutral]
Williams %R /
Synlait Milk is no longer overbought [Neutral]

SML: William %R Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Key Reversal /
A short term Key Reversal has formed with Synlait Milk

[BULLISH]: A short term Key Reversal has formed with Synlait Milk which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

Average True Range /
Synlait Milk: Average True Range (0.213) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Synlait Milk has a TR of 0.4, and an ATR(14) of 0.213.

Open Tod Vs Close Tod /
Synlait Milk: Buyers were in control all day.

[BULLISH STRONG]: Synlait Milk opened in the lower part of daily range at 7.5% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 61 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 23.2%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Synlait Milk: Daily performance is 2.1 % [Uptrend]
Closing Price /
Synlait Milk: Daily performance is 2.1 % [Uptrend]

[BULLISH]: Synlait Milk current uptrend in the first timeframe. Currently, the Close is $7.96.

Weighted Moving Average(5) signal continues for Synlait Milk indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for Synlait Milk indicating upward price movement is likely

[BULLISH]: Synlait Milk 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 2.1%.

Moving Average Envelope /
Synlait Milk is still overbought with the Upper Envelope Band @$6.9300

[BEARISH]: Synlait Milk current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 6.9300.

VALUE /
The current price earnings ratio for Synlait Milk is 35.86

Synlait Milk Key financial metrics: (1) EPS: $0.22 (2) P/E Ratio: 35.86

Woodie Pivot Point /
Synlait Milk has broken the first Woodie resistance point ($8.16) [Bullish]

Synlait Milk has broken the first Woodie resistance point ($8.16) [Bullish]. Look for a long limit order entry near this point. Exit price for SML should be set @$8.26 & Stoploss for Synlait Milk should be set at $7.46

SML: The price-to-book ratio is 3.82
GROWTH /
SML: The price-to-book ratio is 3.82

Synlait Milk Key financial metrics: (1) Book Value: $2.04 (2) Market-to-Book ratio: 3.82 (3) PEG Ratio: 35.86

Synlait Milk currently has positive PPO 9.500
Percentage Price /
Synlait Milk currently has positive PPO 9.500

[BULLISH]: Synlait Milk currently has positive PPO 9.500%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

OBV: Accumulation still active for Synlait Milk
On Balance Volume /
OBV: Accumulation still active for Synlait Milk

[BULLISH]: Synlait Milk current price has highlighted recent accumulation. Currently, the OBV is 1.10351e+007.

Price Range /
Synlait Milk: Daily price range is $0.4 [Uptrend]

[BULLISH]: Synlait Milk current uptrend in the first timeframe. Currently, the Range is $0.4.

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Synlait Milk

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

High Price /
Strong price performance from SML has seen a higher high of 1.4 % [Uptrend]

[BULLISH]: Synlait Milk current uptrend in the first timeframe. Currently, the HIGH is 1.4 %.

Pivot Points /
Synlait Milk has broken the first resistance point ($8.094) [Bullish]

Synlait Milk has broken the first resistance point ($8.094) [Bullish]. Look for a long limit order entry near this point. Exit price for SML should be set @$8.227 & Stoploss for Synlait Milk should be set between $7.427 & $7.294

Synlait Milk has moved above the 161.8% extension level ($6.96) [Bearish]
Fibonacci Extensions /
Synlait Milk has moved above the 161.8% extension level ($6.96) [Bearish]

Synlait Milk has moved above the 161.8% level ($6.96) [Bearish]. Look for a short limit order entry near this point. Exit price for SML should be set @$7.6 & short position stoploss for Synlait Milk should be set at $6.32

Volume for Synlait Milk continues to gain momentum @3.3)
Percentage Volume /
Volume for Synlait Milk continues to gain momentum @3.3)

[BULLISH]: Synlait Milk currently has positive PVO 3.3%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 2.4%.

Elder Ray Index /
Bull power has increased for Synlait Milk signalling bullish conditions are likely

SML: Elder Ray Index Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

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