Technical analysis from Asanko Gold Inc (AKG.TO, TSE:AKG) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Asanko Gold Inc
+ Share

Asanko Gold Inc: Daily low performance is 0 % [Uptrend]
Low Price /
Asanko Gold Inc: Daily low performance is 0 % [Uptrend]

AKG: LOW Current Signal -> (1) 19 Oct: NEUTRAL (2) 18 Oct: BULLISH (3) 17 Oct: BEARISH

Daily trading has confirmed an ADX weak trend (12.87) for Asanko Gold Inc
Average Directional Movement /
Daily trading has confirmed an ADX weak trend (12.87) for Asanko Gold Inc

[Weak Trend]: ADX for AKG has confirmed a weak trend is presentAsanko Gold Inc has an ATR(14) of 0.058, a DX of 2.66 & an ADX(14) of 12.87

Demarks Pivot Points /
[Long]: Entry price for AKG should be set @$1.2325

Asanko Gold Inc has broken the first DeMark support point ($1.2325) [Bearish]. Look for a short limit order entry near this point. Exit price for AKG should be set @$1.215 & short position stoploss for Asanko Gold Inc should be set at $1.265

Elder Ray Index /
Daily trading has increased the bull power to drive prices for Asanko Gold Inc

[BULLISH]: Asanko Gold IncElder Ray Index is signalling a Bullish movementERI is 0.013 indicating bull power. Prices are being driven above the consensus of value for AKG during the last trading session [Buying Pressure]

Average True Range /
Average True Range for Asanko Gold Inc has signalled an downtrend is active

[Bearish]: Average True Range has confirmed an downtrend is present. Asanko Gold Inc has a TR of 0.05, and an ATR(14) of 0.058.

Ulcer Index /
Asanko Gold Inc: Ulcer Index 6.151 [High Stress]

[BULLISH]: Asanko Gold Inc UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.151.

Top companies for
Toronto Stock Exchange
Advertisment
Opening Price /
Asanko Gold Inc: Daily opening price is $1.2

[BEARISH]: Asanko Gold Inc opening price has gapped down. Currently, the OPEN is $1.2 (0 %).

Aroon Oscillator /
AKG: Aroon oscillator has confirmed a downtrend @-48

[BEARISH]: Asanko Gold Inc has a current ARO(25) of -48. This has change 0 points from yesterday.

Advertisment
Asanko Gold Inc: Closing price is $1.23 (0.8 %)
Closing Price /
Asanko Gold Inc: Closing price is $1.23 (0.8 %)

[BULLISH]: Asanko Gold Inc current uptrend in the first timeframe. Currently, the Close is $1.23.

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

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

Rate of Change /
Asanko Gold Inc: Rate of Change (3.361)

[BULLISH]: Asanko Gold Inc currently has positive rate of change of 3.4%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Fibonacci Extensions /
The 161.8% Fibonacci extension level for AKG has moved to the upper limit. Stoploss should be positioned @$0

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

High Price /
Asanko Gold Inc: Daily high price is $1.25 [Higher High]

[BULLISH]: Asanko Gold Inc current uptrend in the first timeframe. Currently, the HIGH is 1.6 %.

Asanko Gold Inc: Three White Soldiers
Three White Soldiers /
Asanko Gold Inc: Three White Soldiers

[BULLISH]: Asanko Gold Inc has formed a new Three White Soldiers pattern.

Volume for AKG has surpassed the volume of the previous trading session
Volume /
Volume for AKG has surpassed the volume of the previous trading session

AKG: VOLUME Recent Trading -> (1) 19 Oct: 604586 (2) 18 Oct: 151116 (3) 17 Oct: 204601

TRADE /
The current number of shares outstanding for Asanko Gold Inc is 203449000

Asanko Gold Inc key financial metrics: (1) MCAP: $250.24M (2) Shares: 203449000 (3) Free Float: 186091000

Medium Trend /
Asanko Gold Inc: 2nd timeframe trend Downtrend remains intact

[BEARISH]: Asanko Gold Inc is in an downtrend in the medium term timeframe. The current rally number is 47 & the highest rally count for the LTM is 47. The highest rally for the month is 13

VALUE /
The current P/E ratio of Asanko Gold Inc is 23.21

Asanko Gold Inc Key financial metrics: (1) EPS: $0.05 (2) P/E Ratio: 23.21

Asanko Gold Inc: Bull Belt-Hold
Bull Belt-Hold /
Asanko Gold Inc: Bull Belt-Hold

AKG: Reversal (Weak) Recent Trading -> (1) 19 Oct: Bull Belt-Hold (2) 18 Oct: (3) 17 Oct:

[Bullish]: Asanko Gold Inc has beaten previous trading range
Price Range /
[Bullish]: Asanko Gold Inc has beaten previous trading range

[BULLISH]: Asanko Gold Inc current uptrend in the first timeframe. Currently, the Range is $0.05.

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

[BEARISH]: Asanko Gold Inc 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 0.8%.

White Candle /
AKG Basic Candle: White

[BULLISH]: Asanko Gold Inc has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Close Tod Vs Close Yest /
The biggest upward movement for Asanko Gold Inc this month has been 2.5

[BULLISH]: Asanko Gold Incbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for AKG adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.5 & the greatest daily positive change this year has been 10.9. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 24.6%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 2%

On Balance Volume /
Asanko Gold Inc: On Balance Volume (-5.11061e+006)

AKG: OBV Current Signal ->(1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH

Pivot Points /
Asanko Gold Inc has broken the first resistance point ($1.254) [Bullish]

Asanko Gold Inc has broken the first resistance point ($1.254) [Bullish]. Look for a long limit order entry near this point. Exit price for AKG should be set @$1.277 & Stoploss for Asanko Gold Inc should be set between $1.177 & $1.154

Price continues to trade below the Sine Weighted Moving Average(5) for AKG
Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(5) for AKG

AKG: SWMA Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Volume is still below the short term EMA for AKG [Bearish]
Percentage Volume /
Volume is still below the short term EMA for AKG [Bearish]

[BEARISH]: Asanko Gold Inc currently has negative PVO -22.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2%.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Asanko Gold Inc [Bullish]

[BULLISH]: Asanko Gold Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.1970.

See More   See more results
Advertisment
Advertisment
back to top