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Downer EDI
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A Piercing Pattern (Bullish) candlestick pattern has been detected for Downer EDI (DOW).
Piercing /
A Piercing Pattern (Bullish) candlestick pattern has been detected for Downer EDI (DOW).

[BULLISH]: Downer EDI has formed a new Bullish Piercing reversal pattern. This means, DOW has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

MACD Volume /
Negative momentum on the Volume MACD histogram for DOW has been confirmed & supports a bearish move is likely

DOW: Volume MACD Current Signal -> (1) 22 Jan: BEARISH CROSSOVER (2) 21 Jan: BULLISH CROSSOVER (3) 18 Jan: BULLISH CROSSOVER

Moving Average Envelope /
Overbought signal for the Upper Envelope band is still current for Downer EDI

[BULLISH]: Downer EDI current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bullish trading conditions. Currently, the Upper Band is 7.2135.

Fibonacci Retracements /
Downer EDI: 0.618 Fibonacci Retraction (5.5)

Downer EDI: The current Fibonacci Retraction levels are: (23.61%) $7.06: (38.2%) $5.77: (50%) $5.64: (61.8%) $5.5The current support levels are: (78.6%) $5.32: (100%) $5.08: (138.2%) $4.65: (161.8%) $4.38: (261.8%) $3.25: (423.61%) $1.43

Pivot Reversal /
A short term Pivot Reversal has formed with Downer EDI

[BEARISH]: A short term Pivot Reversal has formed with Downer EDI which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

Downer EDI: DeMark Pivot ($7.245)
Demarks Pivot Points /
Downer EDI: DeMark Pivot ($7.245)

Downer EDI current pivot point (DeMark) is: (R1) $7.32. The current pivot point (DeMark) is: (S1) $7.2.

Accumulation / Distribution /
DOW.AX: Current trading activity signals accumulation is active

[BULLISH]: Downer EDI (ASX:DOW) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 319802.

Daily trading has increased the bull power to drive prices for Downer EDI
Elder Ray Index /
Daily trading has increased the bull power to drive prices for Downer EDI

[BULLISH]: Downer EDI Elder Ray Index is signalling a Bullish movementERI is 0.24 indicating bull power. Prices are being driven above the consensus of value for DOW during the last trading session [Buying Pressure]

[Strong Trend]: Average Directional Index @25.3 has confirmed a strong trend for DOW
Average Directional Movement /
[Strong Trend]: Average Directional Index @25.3 has confirmed a strong trend for DOW

[Trend]: ADX for DOW has confirmed a strong trend is present. Downer EDI has an ATR(14) of 0.151, a DX of 34.73 & an ADX(14) of 25.3

On Balance Volume /
Traders are currently accumulating Downer EDI

[BULLISH]: Downer EDI current price has highlighted recent accumulation. Currently, the OBV is 863894.

Donchian Channels /
[Bullish]: Downer EDI current trading has maintained the Donchian Band to oversold status

[BULLISH]: Downer EDI is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

Money Flow Index /
MFI Overbought signal is still current for Downer EDI

[BULLISH]: Downer EDI (ASX:DOW) current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 86.84. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 43.91.

Downer EDI: 1.618 Fibonacci Extension ($5.5)
Fibonacci Extensions /
Downer EDI: 1.618 Fibonacci Extension ($5.5)

Downer EDI: The current Fibonacci Extension levels are: (23.61%) $7.06: (38.2%) $6.9: (50%) $6.76: (61.8%) $6.63The current support levels are: (78.6%) $6.44: (100%) $6.2: (138.2%) $5.77: (161.8%) $5.5: (261.8%) $4.38: (423.61%) $2.56

DOW was difficult to move downward during the last trading day indicating a ST downtrend
Ease of Movement /
DOW was difficult to move downward during the last trading day indicating a ST downtrend

DOW: EOM Current Signal -> (1) 22 Jan: BEARISH HARD (2) 21 Jan: BULLISH HARD (3) 18 Jan: BULLISH HARD

Tricklar Trend /
Daily bar has maintained Tricklar Uptrend for DOW

DOW: Tricklar Trend Current Signal -> (1) 22 Jan: BULLISH (2) 21 Jan: BULLISH (3) 18 Jan: BULLISH

Close Tod Vs Close Yest /
The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -8.8%

[BEARISH]: Downer EDIsellers are keener than buyers and are driving the price down. This is the first day of price decline for DOW adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -3.1 & the greatest daily negative change this year has been -3.1. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -8.8%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -3.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 6x. Over the last month the average daily downward movement has been -0.300000%

Rate of Change /
Downer EDI currently has positive rate of change for 8.234

[BULLISH]: Downer EDI currently has positive rate of change of 8.234%. 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

Volume rate of change(14) is now decreasing for Downer EDI
Volume Rate of Change /
Volume rate of change(14) is now decreasing for Downer EDI

[BEARISH CROSSOVER]: Downer EDI currently has negative rate of change of -66%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.3%.

Downer EDI opened in the lower part of daily range at 16.7% & closed in the middle part of the trading range at 50%. This suggests the buyers have lost commitment.
Open Tod Vs Close Tod /
Downer EDI opened in the lower part of daily range at 16.7% & closed in the middle part of the trading range at 50%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Downer EDI opened in the lower part of daily range at 16.7% & closed in the middle part of the trading range at 50%. This suggests the buyers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. 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 middle price range giving a confirmation ratio of 13.3%.

The simple moving average and past price for DOW has confirmed bullish trading conditions
Detrended Price Oscillator /
The simple moving average and past price for DOW has confirmed bullish trading conditions

[BULLISH]: Downer EDI currently has a confirmed uptrend. Price is currently above the displaced moving average for DOW. Currently, the return on DPO20 is -0.3%.

Supertrend /
Daily bar has confirmed has confirmed a Supertrend uptrend is intact for DOW

[BULLISH]: Downer EDI has a current Supertrend of 6.8235

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for DOW.AX

[BULLISH]: Downer EDI (ASX:DOW) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1996.

Elders Force Index /
Bullish conditions for DOW are likely to continue based on EFI (48217)

[BULLISH]: Downer EDI current price has highlighted recent buying pressure. Currently, the Elders Force Index is 48217.

Percentage Volume /
Negative momentum on volume for DOW is maintained & supports a bearish move is likely

[BEARISH]: Downer EDI currently has negative PVO -19.94%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Potential continuation of a trend reversal (Bearish) for Downer EDI
Commodity Channel Index /
Potential continuation of a trend reversal (Bearish) for Downer EDI

DOW: CCI Current Signal ->(1) 22 Jan: BEARISH (2) 21 Jan: BEARISH (3) 18 Jan: BEARISH

Ulcer index has reduced in stress level & low drawdown is expected for Downer EDI
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Downer EDI

[BEARISH]: Downer EDI UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.971.

Weighted Moving Average /
[Bullish]: WMA(15) is serving as a support line for Downer EDI

[BULLISH]: Downer EDI currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.3%.

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