ALK | Australian Stock Exchange

Alkane Exploration
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Envelope bands Oversold signal is still current for Alkane Exploration [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Alkane Exploration [Bullish]

[BULLISH]: Alkane Exploration current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.2185.

Alkane Exploration currently has negative rate of change for -8.511
Rate of Change /
Alkane Exploration currently has negative rate of change for -8.511

[BEARISH]: Alkane Exploration currently has negative rate of change of -8.511%. 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

Close Tod Vs Range Tod /
Daily trading for ALK indicated sellers are still in control

[BEARISH]: Alkane Exploration sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Alkane Exploration 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 94 trading days with the closing price in the lower part of the range giving a confirmation ratio of 35.7%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 6 days in the upper range giving a ratio of 1.2x.

Fibonacci Extensions /
Long positions for Alkane Exploration should be set between $1.74 & $1.85

Alkane Exploration: The current Fibonacci Extension levels are: (23.61%) $0: (38.2%) $0: (50%) $0: (61.8%) $0The current support levels are: (78.6%) $0: (100%) $0: (138.2%) $0: (161.8%) $0: (261.8%) $0: (423.61%) $0

Momentum /
Momentum continues to build for Alkane Exploration signalling a short term uptrend is likely

[BULLISH]: Alkane Exploration currently has positive momentum of 0.01. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 2.3%.

Average Directional Movement /
Alkane Exploration: Average Directional Index (48.73) has confirmed a strong trend is present

[Trend]: ADX for ALK has confirmed a strong trend is present. Alkane Exploration has an ATR(14) of 0.012, a DX of 29.25 & an ADX(14) of 48.73

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Percentage Price /
Signal line is still below the EMA for Alkane Exploration producing negative momentum

ALK: PPO Current Signal -> (1) 20 Jul: BEARISH (2) 19 Jul: BEARISH (3) 18 Jul: BEARISH

Alkane Exploration: Weighted Moving Average(5) (0.215)
Weighted Moving Average /
Alkane Exploration: Weighted Moving Average(5) (0.215)

[BULLISH]: Alkane Exploration currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

Alkane Exploration: Aroon oscillator (-76) has confirmed a strong downtrend is present
Aroon Oscillator /
Alkane Exploration: Aroon oscillator (-76) has confirmed a strong downtrend is present

[BEARISH]: Alkane Exploration has a current ARU(25) of 8 and a current ARD(25) of 84

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Alkane Exploration indicating upward price movement is likely

[BULLISH]: Alkane Exploration currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.0%.

Pivot Points /
Alkane Exploration: Look for a long limit order entry @$0.219

Alkane Exploration current pivot point is: 0.217. The current resistance levels are: (R1) $0.219: (R2) $0.222: (R3) $0.224: The current support levels are: (S1) $0.214: (S2) $0.212: (S3) $0.209

On Balance Volume /
Alkane Exploration: Confirmation of stock accumulation

[BULLISH]: Alkane Exploration current price has highlighted recent accumulation. Currently, the OBV is 1.47621e+006.

Alkane Exploration: Sine Weighted Moving Average(5) (0.215)
Sine Weighted Moving Average /
Alkane Exploration: Sine Weighted Moving Average(5) (0.215)

[BULLISH]: Alkane Exploration currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

Alkane Exploration: Look for a long limit order entry @$0.2163
Demarks Pivot Points /
Alkane Exploration: Look for a long limit order entry @$0.2163

Alkane Exploration has broken the first DeMark resistance point ($0.2163) [Bullish]. Look for a long limit order entry near this point. Exit price for ALK should be set @$0.218 & Stoploss for Alkane Exploration should be set at $0.213

Detrended Price Oscillator /
Bearish trading conditions for Alkane Exploration has been signalled from the DPO (-0.0265)

[BEARISH]: Alkane Exploration currently has a confirmed downtrend. Price is currently below the displaced moving average for ALK. Currently, the return on DPO20 is 0.0%.

Medium Trend /
Alkane Exploration: 2nd timeframe trend Downtrend remains intact

[BEARISH]: Alkane Exploration is in an downtrend in the medium term timeframe. The current rally number is 9 & the highest rally count for the LTM is 56. The highest rally for the month is 15

Volume /
[Bearish]: Lower volume has formed for ALK by -75.4 during the last trading session

[BEARISH]: Alkane Exploration current volume downtrend in the first timeframe. Volume for ALK is 200209 (-75.4).

Price continues to trade above the Simple Moving Average(5) for ALK
Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for ALK

[BULLISH]: Alkane Exploration 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 0.0%.

Alkane Exploration: Buyers have lost control.
Open Tod Vs Close Tod /
Alkane Exploration: Buyers have lost control.

[BEARISH]: Alkane Exploration opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 22 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 8.4%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 13.3%.

CMF highlights continued negative divergence for Alkane Exploration
Chaikin Money Flow /
CMF highlights continued negative divergence for Alkane Exploration

[BEARISH]: Alkane Exploration current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.15. ALK received a confirmed CMF crossover days on the Jun 4 2018. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.36 occurring on the Jun 4 2018.

MACD /
Alkane Exploration: MACD oscillator (0.0017)

ALK: MACD Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH CROSSOVER (3) 18 Jul: BULLISH CROSSOVER

MACD Volume /
Alkane Exploration: Volume MACD oscillator (-64610)

ALK: Volume MACD Current Signal -> (1) 20 Jul: BEARISH (2) 19 Jul: BEARISH (3) 18 Jul: BEARISH

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for ALK

ALK: EMA(5) Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

Percentage Volume /
ALK: The return on PVO is 0%.

ALK: PVO Current Signal -> (1) 20 Jul: BEARISH CROSSOVER (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

Alkane Exploration: Stoploss for short position should be set at $0.221
Woodie Pivot Point /
Alkane Exploration: Stoploss for short position should be set at $0.221

Alkane Exploration has broken the first Woodie support point ($0.212) [Bearish]. Look for a short limit order entry near this point. Exit price for ALK should be set @$0.211 & short position stoploss for Alkane Exploration should be set at $0.221

Alkane Exploration: Rate of change (-6.522)
Rate of Change /
Alkane Exploration: Rate of change (-6.522)

ALK: ROC Current Signal -> (1) 19 Jul: BEARISH (2) 18 Jul: BEARISH (3) 20 Jul: BEARISH

Short Trend /
The daily range for Alkane Exploration has achieved a lower low [Downtrend]

[BEARISH]: Alkane Exploration is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 3

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