ASX 200 Materials (XMJ)

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ASX 200 Materials (XMJ): Signals

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[BEARISH]: ASX 200 Materials is in an downtrend in the medium term timeframe. The current rally number is 10 & the highest rally count for the LTM is 25. The highest rally for the month is 16

The Tricklar medium term trend indicator (T2) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
[Calculation] Tricklar medium trend (T2):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;

Top 10:

Second timeframe trend

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Company Close Close Change (%) Volume Value Signal
HFR Highfield Resources 0.73 7.4 119,773 -1 BEARISH
LYC Lynas Corporation 2.14 5.9 7,710,532 -1 BEARISH
AXP Airxpanders Inc 0.09 5.9 272,387 -1 BEARISH
OSP Osprey Medical 0.2 5.4 224,750 -1 BEARISH
IRI Integrated Research 2.65 5.2 387,323 -1 BEARISH
TWR Tower 0.71 5.2 6,240 -1 BEARISH
VGL Volante 3.52 5.1 2,401 -1 BEARISH
AKP Audio Pixels Holdings 16.79 3.6 4,780 -1 BEARISH
AJX Alexium International 0.16 3.3 183,038 -1 BEARISH
DCG Decmil 0.94 3.3 123,396 -1 BEARISH
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