EGS | Australian Stock Exchange

Eastern Goldfields
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Trading for Eastern Goldfields highlights the commitment of sellers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Eastern Goldfields highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Eastern Goldfields sellers in control. This is the first day of seller commitment for Eastern Goldfields 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 193 trading days with the closing price in the lower part of the range giving a confirmation ratio of 73.4%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 4 days in the upper range giving a ratio of 1.5x.

Camarilla pivot point for EGS is bearish. Stoploss should be positioned @$0.135
Camarilla Pivot Points /
Camarilla pivot point for EGS is bearish. Stoploss should be positioned @$0.135

Eastern Goldfields current pivot point Camarilla is: $0.12. The current resistance levels are: (R1) $0.125: (R2) $0.135: (R3) $0.145: (R4) $0.175The current support levels are: (S1) $0.105: (S2) $0.095: (S3) $0.085: (S4) $0.055

On Balance Volume /
EGS: Current trading activity signals OBV distribution is active

[BEARISH]: Eastern Goldfields current price has highlighted recent distribution. Currently, the OBV is -2.05067e+006.

High Price /
Weaker price performance from EGS has seen a lower high of -7.1 % [Downtrend]

[BEARISH]: Eastern Goldfields current downtrend in the first timeframe. Currently, the HIGH is -7.1 %.

Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Eastern Goldfields

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

Detrended Price Oscillator /
DPO for EGS has confirmed price is now below the displaced moving average

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

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Commodity Channel Index /
Potential initiation of a trend reversal (Bullish) for Eastern Goldfields

[BULLISH CROSSOVER]: Eastern Goldfields current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -106. During the quarter, the lowest CCI value was -157. The last oversold signal occurred on Jul 3 2018

This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -18.4%
Close Tod Vs Close Yest /
This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -18.4%

[BEARISH]: Eastern Goldfieldssellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for EGS adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -14.8 & the greatest daily negative change this year has been -27.7. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -33.6%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -18.4%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.1x giving a total win/loss ratio of 0.6x. Over the last month the average daily downward movement has been -5.600000%

Eastern Goldfields has broken below the 161.8% extension level ($1.14) [Bullish]
Fibonacci Extensions /
Eastern Goldfields has broken below the 161.8% extension level ($1.14) [Bullish]

Eastern Goldfields: The current Fibonacci Extension levels are: (23.61%) $0.12: (38.2%) $0.12: (50%) $0.13: (61.8%) $0.13The current support levels are: (78.6%) $0.13: (100%) $0.14: (138.2%) $0.15: (161.8%) $0.16: (261.8%) $0.18: (423.61%) $0.22

MACD Volume /
The volume MACD continues to rise above the signal line for EGS [Bullish]

[BULLISH]: Eastern Goldfields currently has positive Volume MACD of 19205. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Pivot Points /
Eastern Goldfields has broken the first support point ($0.11) [Bearish]

Eastern Goldfields has broken the first support point ($0.11) [Bearish]. Look for a short limit order entry near this point. Exit price for EGS should be set @$0.105 & short position stoploss for Eastern Goldfields should be set between $0.135 & $0.14

Price Range /
Eastern Goldfields: Daily price tange is $0.015 [Increasing Range]

[BULLISH]: Eastern Goldfields current uptrend in the first timeframe. Currently, the Range is $0.015.

The EMA trend following signal is now active for Eastern Goldfields [Bearish]
Exponential Moving Average /
The EMA trend following signal is now active for Eastern Goldfields [Bearish]

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

[Short]: Entry price for EGS should be set @$0.1188
Demarks Pivot Points /
[Short]: Entry price for EGS should be set @$0.1188

Eastern Goldfields has broken the first DeMark support point ($0.1188) [Bearish]. Look for a short limit order entry near this point. Exit price for EGS should be set @$0.1080 & short position stoploss for Eastern Goldfields should be set at $0.123

Rate of Change /
14-day rate of change is now decreasing for Eastern Goldfields

[BEARISH CROSSOVER]: Eastern Goldfields currently has negative rate of change of -4.167%. 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

Volume Rate of Change /
Eastern Goldfields: Volume rate of Change (14)

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

Open Tod Vs Close Tod /
Eastern Goldfields: Sellers were in control all day.

[BEARISH STRONG]: Eastern Goldfields 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 22 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 8.4%. Over the last month there has been 4 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 26.7%.

Eastern Goldfields: Daily opening price is $0.13
Opening Price /
Eastern Goldfields: Daily opening price is $0.13

EGS: OPEN Current Signal -> (1) 20 Jul: BEARISH (2) 19 Jul: NEUTRAL (3) 18 Jul: BULLISH

Eastern Goldfields: Range Performance (50.0)
Range Tod Vs Range Yest /
Eastern Goldfields: Range Performance (50.0)

[BEARISH]: Eastern Goldfields sellers are increasingly eager. There has been 3 consecutive days of range increase for EGS adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0250 & the greatest daily price range this year has been $0.1200. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 0.2x.

EGS: Price has just dropped below the Stochastic oversold limit @0
Stochastic Oscillator /
EGS: Price has just dropped below the Stochastic oversold limit @0

[BULLISH]: Eastern Goldfields is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Volume /
Eastern Goldfields: Daily volume is 320128 [Higher Volume]

[BULLISH]: Eastern Goldfields current volume uptrend in the first timeframe. Volume for EGS is 320128 (28.8).

Momentum /
5-day momentum is now decreasing for Eastern Goldfields

[BEARISH CROSSOVER]: Eastern Goldfields currently has negative momentum of -0.005 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -14.8%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -4%.

Moving Average Envelope /
Lower envelope oversold signal had been initiated for Eastern Goldfields

[BULLISH CROSSOVER]: Eastern Goldfields current price has driven Envelope Bands to become oversold signalling the start of bullish trading conditions. Currently, the Lower Band is 0.1235.

MACD /
MACD oscillator remains positive for EGS

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

The SMA trend following signal is now active for Eastern Goldfields [Bearish]
Simple Moving Average /
The SMA trend following signal is now active for Eastern Goldfields [Bearish]

EGS: SMA(5) Current Signal -> (1) 20 Jul: BEARISH CROSSOVER (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH CROSSOVER

Woodie pivot point for EGS is bearish. Stoploss should be positioned @$0.134
Woodie Pivot Point /
Woodie pivot point for EGS is bearish. Stoploss should be positioned @$0.134

Eastern Goldfields has broken the first Woodie support point ($0.108) [Bearish]. Look for a short limit order entry near this point. Exit price for EGS should be set @$0.104 & short position stoploss for Eastern Goldfields should be set at $0.134

Percentage Volume /
EGS: Percentage Volume Oscillator [Bearish]

[BEARISH]: Eastern Goldfields currently has negative PVO -16.93%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -6.3%.

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