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

Asanko Gold Inc
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[Short]: Limit orders for Asanko Gold Inc should be set at $1.1575
Demarks Pivot Points /
[Short]: Limit orders for Asanko Gold Inc should be set at $1.1575

Asanko Gold Inc has broken the first DeMark support point ($1.1575) [Bearish]. Look for a short limit order entry near this point. Exit price for AKG should be set @$1.075 & short position stoploss for Asanko Gold Inc should be set at $1.185

Asanko Gold Inc: Look for a short limit order entry @$1.074
Woodie Pivot Point /
Asanko Gold Inc: Look for a short limit order entry @$1.074

Asanko Gold Inc has broken the first Woodie support point ($1.074) [Bearish]. Look for a short limit order entry near this point. Exit price for AKG should be set @$1.047 & short position stoploss for Asanko Gold Inc should be set at $1.267

Momentum /
Positive momentum for AKG is a leading indicator for continued price rise

[BULLISH]: Asanko Gold Inc currently has positive momentum of 0.06. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -6.6%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 16.5%%.

Black Candle /
AKG Basic Candle: Black

[BEARISH]: Asanko Gold Inc has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Fibonacci Extensions /
Stoploss for Asanko Gold Inc should be set at $2.98

Asanko Gold Inc: The current Fibonacci Extension levels are: (23.61%) $1.21: (38.2%) $1.16: (50%) $1.12: (61.8%) $1.07The current support levels are: (78.6%) $1.01: (100%) $0.93: (138.2%) $0.79: (161.8%) $0.7: (261.8%) $0.33: (423.61%) $-0.27

Elders Force Index /
Elders Force Index (1589) has signalled bullish conditions in recent trading for AKG

[BULLISH]: Asanko Gold Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1589.

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Close Tod Vs Range Tod /
Seller commitment has continued for Asanko Gold Inc adding strength to an downtrend in the first timeframe

[BEARISH]: Asanko Gold Inc sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Asanko Gold Inc adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 24 trading days with the closing price in the lower part of the range giving a confirmation ratio of 37.5%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 54.5%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 10 days in the upper range giving a ratio of 0.8x.

Asanko Gold Inc: Detrended Price Oscillator(20) (0.068)
Detrended Price Oscillator /
Asanko Gold Inc: Detrended Price Oscillator(20) (0.068)

[BULLISH]: Asanko Gold Inc currently has a confirmed uptrend. Price is currently above the displaced moving average for AKGCurrently, the return on DPO20 is -6.6%.

Asanko Gold Inc: Stoploss for short position should be set between $1.277 & $1.314
Pivot Points /
Asanko Gold Inc: Stoploss for short position should be set between $1.277 & $1.314

Asanko Gold Inc has broken the first support point ($1.094) [Bearish]. Look for a short limit order entry near this point. Exit price for AKG should be set @$1.057 & short position stoploss for Asanko Gold Inc should be set between $1.277 & $1.314

Volume /
AKG has achieved a new high of 319664 (6.2)

[BULLISH]: Asanko Gold Inc current volume uptrend in the first timeframe. Volume for AKG is319664 (6.2).

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Asanko Gold Inc indicating downward price movement is likely

[BEARISH]: Asanko Gold Inc 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 -6.6%.

Chaikin Money Flow /
No signal present from the CMF indicator for AKG

AKG: Chaikin Oscillator Current Signal -> (1) 16 Feb: NEUTRAL (2) 16 Feb: BULLISH CROSSOVER (3) 16 Feb: NEUTRAL

Rate of change(14) is now increasing for Asanko Gold Inc
Rate of Change /
Rate of change(14) is now increasing for Asanko Gold Inc

[BULLISH CROSSOVER]: Asanko Gold Inc currently has positive rate of change of 0.9%. 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

MACD for Asanko Gold Inc continues to gain momentum @0.013000
MACD /
MACD for Asanko Gold Inc continues to gain momentum @0.013000

[BULLISH]: Asanko Gold Inc currently has positive MACD of 0.013000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -11.3%.

Average True Range /
Asanko Gold Inc: Average True Range (0.078) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Asanko Gold Inc has a TR of 0.11, and an ATR(14) of 0.078.

Open Tod Vs Close Tod /
Asanko Gold Inc opened in the middle part of daily range at 63.6% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control.

[BEARISH]: Asanko Gold Inc opened in the middle part of daily range at 63.6% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 9 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 14.1%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 9.1%.

Ulcer Index /
Drawdown for Asanko Gold Inc is currently high signalling high stress

[BULLISH]: Asanko Gold Inc UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 14.572.

Asanko Gold Inc is no longer overbought [Neutral]
Stochastic Oscillator /
Asanko Gold Inc is no longer overbought [Neutral]

AKG: Stochastic Oscillator Signal -> (1) 16 Feb: BEARISH CROSSUNDER (2) 16 Feb: BULLISH CROSSOVER (3) 16 Feb: NEUTRAL

Daily trading has confirmed an Aroon uptrend (32) for Asanko Gold Inc
Aroon Oscillator /
Daily trading has confirmed an Aroon uptrend (32) for Asanko Gold Inc

[BULLISH]: Asanko Gold Inc has a current ARU(25) of 92 and a current ARD(25) of 60

Close for AKG has not surpassed the close of the previous trading session
Closing Price /
Close for AKG has not surpassed the close of the previous trading session

[BEARISH]: Asanko Gold Inc current downtrend in the first timeframe. Currently, the Close is $1.13.

Daily Volume Index /
Asanko Gold Inc: Current trading activity signals DVI distribution has commenced

[BEARISH CROSSOVER]: Asanko Gold Inc current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Elder Ray Index /
Asanko Gold Inc: Elder Ray Index is 0.109 [Bullish]

[BULLISH]: Asanko Gold IncElder Ray Index is signalling a Bullish movementERI is 0.109 indicating bull power. Prices are being driven above the consensus of value for AKG during the last trading session [Buying Pressure]

MACD Volume /
The Volume MACD continues to fall below the signal line for AKG [Bearish]

[BEARISH]: Asanko Gold Inc currently has negative Volume MACD of -9996. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Close Tod Vs Close Yest /
Closing price for AKG ($1.13) signals sellers are still keener than buyers

[BEARISH]: Asanko Gold Incsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for AKG adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -6.6 & the greatest daily negative change this year has been -9.5. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -11.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -11.3%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily downward movement has been -4.8%

Asanko Gold Inc: Daily high price is $1.24 [Lower High]
High Price /
Asanko Gold Inc: Daily high price is $1.24 [Lower High]

[BEARISH]: Asanko Gold Inc current downtrend in the first timeframe. Currently, the HIGH is -2.4 %.

Recent trading signals Asanko Gold Inc is being accumulated
Accumulation / Distribution /
Recent trading signals Asanko Gold Inc is being accumulated

[BULLISH]: Asanko Gold Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Ease of Movement /
Price dipped from high volume trading for Asanko Gold Inc during last trading session

[BEARISH]: Asanko Gold Inc current price have moved downwards on high volume. Currently, the Ease of Movement is -1.721

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