Avon Resources

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CMF highlights continued negative divergence for Avon Resources

CMF highlights continued negative divergence for Avon Resources

[BEARISH]: Avon Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.26. Avon Resources (ASX:AVN) received a confirmed CMF crossover days on the Jul 8 2019. The bearish signal has been active for 4 days. During the quarter, the lowest CMF value was -0.26 occurring on the Jul 8 2019.

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Buyers are becoming increasingly eager for Avon Resources & the price range is expanding

Buyers are becoming increasingly eager for Avon Resources & the price range is expanding

[BULLISH]: Avon Resources buyers are increasingly eager. There has been 2 consecutive days of range increase for AVN adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.1350 & the greatest daily price range this year has been $0.4150. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.3x.

Currently this quarter, closing price for AVN has spent 2 days in the upper price range

[BULLISH]: Avon Resources buyers are in control at the market close. This is the first day of buyer commitment for Avon Resources adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 1 days in the lower range giving a ratio of 2x.

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