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

NZ Refining
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CMF highlights continued negative divergence for NZ Refining
Chaikin Money Flow /
CMF highlights continued negative divergence for NZ Refining

[BEARISH]: NZ Refining current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.26. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.26

Momentum continues to reduce for NZ Refining signalling a short term downtrend is likely
Momentum /
Momentum continues to reduce for NZ Refining signalling a short term downtrend is likely

[BEARISH]: NZ Refining currently has negative momentum of -0.03 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 2 days producing a return of -0.8%%.

Simple Moving Average /
NZ Refining is in a short term downtrend with the resistance price @$2.644

[BULLISH]: NZ Refining currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0%.

Average Directional Movement /
Average Directional Index for NZ Refining has signalled a strong trend is active

[Trend]: ADX for NZR has confirmed a strong trend is presentNZ Refining has an ATR(14) of 0.023, a DX of 26.77 & an ADX(14) of 34.39

Weighted Moving Average /
NZR: Price continues to move below the WMA(5) @$2.639

[BEARISH]: NZ Refining currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0%.

On Balance Volume /
NZ Refining is being actively distributed based on OBV

NZR: OBV Recent Trading ->(1) 12 Jan: -527424 (2) 12 Jan: 349226 (3) 12 Jan: -741975

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Moving Average Envelope /
Closing price for NZR is still below the lower envelope signalling a bullish movement

[BULLISH]: NZ Refining current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.4510.

Recent trading highlights initial selling pressure is present for NZR
Elders Force Index /
Recent trading highlights initial selling pressure is present for NZR

[BEARISH]: NZ Refining current price has highlighted recent selling pressure. Currently, the Elders Force Index is -211.

Bull power has increased for NZ Refining signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for NZ Refining signalling bullish conditions are likely

[BULLISH]: NZ RefiningElder Ray Index is signalling a Bullish movementERI is 0.01 indicating bull power. Prices are being driven above the consensus of value for NZR during the last trading session [Buying Pressure]

Stochastic Oscillator /
NZ Refining is no longer overbought and normal trading conditions are resumed

NZR: Stochastic Oscillator Signal -> (1) 12 Jan: BEARISH CROSSUNDER (2) 12 Jan: BULLISH CROSSOVER (3) 12 Jan: BULLISH

Percentage Price /
PPO continues to signal a continuation of upward price rise for NZ Refining

[BULLISH]: NZ Refining currently has positive PPO 1.200%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Average True Range /
[Downtrend]: Average True Range (0.023) downtrend has been confirmed for NZR

[Bearish]: Average True Range has confirmed an downtrend is present. NZ Refining has a TR of 0.02, and an ATR(14) of 0.023.

Distribution still active for NZ Refining
Accumulation / Distribution /
Distribution still active for NZ Refining

[BEARISH]: NZ Refining current distribution has given weakness to the share price and the continuation of bearish trading conditions.

NZ Refining has moved below the S1 Camarilla pivot point ($2.411) [Bearish]
Camarilla Pivot Points /
NZ Refining has moved below the S1 Camarilla pivot point ($2.411) [Bearish]

NZ Refining has broken the first Camarilla support point ($2.411) [Bearish]. Look for a short limit order entry near this point. Exit price for NZR should be set @$2.192 & short position stoploss for NZ Refining should be set between $3.068 & $3.287

Daily Volume Index /
NZR: Current trading activity signals DVI distribution is active

[BEARISH]: NZ Refining current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Volume Rate of Change /
Positive VROC confirmation for NZR is a leading indicator for continued price rise

[BULLISH CROSSOVER]: NZ Refining currently has positive volume of change of 1926%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

Price Range /
Recent trading for NZ Refining has surpassed the previous price range ($0.02)

NZR: Price Range Current Signal -> (1) 12 Jan: NEUTRAL (2) 11 Jan: NEUTRAL (3) 10 Jan: BULLISH

Limit order for a short position has been identified for NZ Refining [Bearish]
Demarks Pivot Points /
Limit order for a short position has been identified for NZ Refining [Bearish]

NZ Refining current pivot point (DeMark) is: (R1) $2.64. The current pivot point (DeMark) is: (S1) $2.62.

NZ Refining: Daily Downtrend remains intact
Short Trend /
NZ Refining: Daily Downtrend remains intact

[BEARISH]: NZ Refining is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

NZ Refining: Detrended Price Oscillator(20) (0.096)
Detrended Price Oscillator /
NZ Refining: Detrended Price Oscillator(20) (0.096)

[BULLISH]: NZ Refining currently has a confirmed uptrend. Price is currently above the displaced moving average for NZRCurrently, the return on DPO20 is 0%.

Low Price /
NZ Refining: Daily low price is $2.62 [Lower low]

[BULLISH]: NZ Refining current downtrend in the first timeframe. Currently, the Low is $2.62 (-0.4 %).

Volume /
NZ Refining: Daily volume performance is -56.5 [Downtrend]

[BEARISH]: NZ Refining current volume downtrend in the first timeframe. Volume for NZR is303969 (-56.5).

Range Tod Vs Range Yest /
NZ Refining: Range Performance (0)

[NEUTRAL]: No price change for NZ Refining. There has been 3 consecutive days of no range for NZR highlighting the lack of enthusiasm for either buying or selling in the first timeframe. Over the last 12 months there have been 17 days of no price range giving a ratio of 0.4x. Over the last month there have been 6 days of no price range giving a ratio of 0.8x.

Closing Price /
[Bullish]: NZ Refining has beaten previous close by 0 %

NZR: CLOSE Current Signal -> (1) 12 Jan: NEUTRAL (2) 11 Jan: BEARISH (3) 10 Jan: BEARISH

Stoploss for NZ Refining should be set at $18.39
Fibonacci Fans /
Stoploss for NZ Refining should be set at $18.39

NZ Refining is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for NZR should be set @$18.45 & Stoploss for NZ Refining should be set between $18.39

ROC continues to rise for NZ Refining signalling an uptrend will persist
Rate of Change /
ROC continues to rise for NZ Refining signalling an uptrend will persist

NZR: ROC Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BULLISH (3) 12 Jan: BEARISH CROSSOVER

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for NZ Refining

[BEARISH]: NZ Refining UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.46.

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