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**Adairs**

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ADH: WMA Current Signal -> (1) 20 Sep: BEARISH (2) 19 Sep: BEARISH (3) 18 Sep: BEARISH

ADH: EOM Current Signal -> (1) 20 Sep: BULLISH HARD (2) 19 Sep: BULLISH HARD (3) 18 Sep: BEARISH HARD

**Adairs: Range Performance (-70.0)**

[WEAK BEARISH]: Adairs buyers are becoming less eager.There has been 2 consecutive days of range decrease for ADH reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.4850 & the greatest daily price range this year has been $1.1000. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 0.4000000000000000000x.

**Closing price for ADH is still above the upper Bollinger Band signalling a bearish movement**

[BEARISH]: Adairs is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 33.42% with a current width of 14.46.

**Percentage volume oscillator remains negative for ADH**

ADH: PVO Recent Trading -> (1) 20 Sep: -13.33 (2) 19 Sep: -11.91 (3) 18 Sep: -12.21

**Adairs is being actively accumulated based on OBV**

[BULLISH]: Adairs current price has highlighted recent accumulation. Currently, the OBV is 8.32465e+006.

[BEARISH WEAK]: Adairs opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 66.7%. This suggests the sellers have lost commitment. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 21.4%.

[BEARISH]: Adairs currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.4%.

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

[BULLISH]: Adairs currently has positive PPO 0.073%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

**Adairs has signalled an ATR trend present [Downtrend]**

[Bearish]: Average True Range has confirmed an downtrend is present. Adairs has a TR of 0.03, and an ATR(14) of 0.092.

**The MACD continues to fall below the signal line for ADH [Bearish]**

[BEARISH]: Adairs currently has negative MACD of -0.0202. This means the signal line is less than the MACD line signalling a bearish movement.

[BEARISH]: Adairs (ASX:ADH) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -4733.

[BEARISH]: Adairs currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 0.4%.

ADH: William %R Current Signal -> (1) 20 Sep: NEUTRAL (2) 19 Sep: BEARISH CROSSUNDER (3) 18 Sep: BULLISH

[BEARISH]: Adairs (ASX:ADH) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -7.0406e+006.

**Adairs has signalled an Average Directional Index weak trend present**

[Weak Trend]: ADX for ADH has confirmed a weak trend is present. Adairs has an ATR(14) of 0.092, a DX of 7.39 & an ADX(14) of 23.1

**Volume rate of change(14) is decreasing for Adairs**

[BEARISH]: Adairs currently has negative rate of change of -32%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.4%.

[BEARISH]: Adairs currently has negative Volume MACD of -20220. This means the signal line is less than the Volume MACD line signalling a bearish movement.

[BEARISH]: Adairs currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.4%.

[BEARISH]: Adairs currently has negative momentum of -0.23 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.4%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -2.6%.

**Adairs: Detrended Price Oscillator(20) (-0.0225)**

ADH: DPO Current Signal -> (1) 20 Sep: BEARISH (2) 19 Sep: BEARISH (3) 18 Sep: BEARISH CROSSOVER

**Adairs: Stochastic Oscillator (27.8)**

ADH: Stochastic Oscillator Signal -> (1) 20 Sep: NEUTRAL (2) 19 Sep: BEARISH CROSSUNDER (3) 18 Sep: BEARISH

**14-day rate of change is decreasing for Adairs**

[BEARISH]: Adairs currently has negative rate of change of -8.949%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

**Elders Force Index (606) has signalled buying pressure has initiated for ADH**

[BULLISH]: Adairs current price has highlighted recent buying pressure. Currently, the Elders Force Index is 606.

ADH: Recent Performance ->(1) 20 Sep: 0.4% (2) 19 Sep: 3.1% (3) 18 Sep: -3.0%

ADH: Medium Term Current Signal -> (1) 20 Sep: BULLISH (2) 19 Sep: BULLISH (3) 18 Sep: BULLISH

Adairs has moved below the 161.8% level ($3.94) [Bullish]. Look for a long limit order entry near this point. Exit price for ADH should be set @$3.62 & Stoploss for Adairs should be set at $4.26