Eden Energy

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Selling pressure for EDE.AX continues - bearish signal

[BEARISH]: Eden Energy current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.25. Eden Energy (ASX:EDE) received a confirmed CMF crossover days on the Oct 8 2019. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.43 occurring on the Oct 8 2019.

EDE: Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range

[BEARISH STRONG]: Eden Energy opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the lower 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 upper range & the closing the price in the lower price range giving a confirmation ratio of 22.2%.

EDE Basic Candle: Black Marubozu

[BEARISH]: Eden Energy has formed a Black Marubozu candlestick. This means, EDE has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Eden Energy (EDE): Dark Cloud Cover short-term pattern has been confirmed

Eden Energy (EDE): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Eden Energy has formed a new bearish Dark Cloud Cover reversal pattern. This means, EDE has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Eden Energy: Sellers are in control at the market close.

[BEARISH]: Eden Energy sellers in control. This is the first day of seller commitment for Eden Energy 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 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 2 days in the upper range giving a ratio of 1.5x.

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