ELX | Australian Securities Exchange

Ellex Medical Lasers
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Selling pressure for ELX.AX continues - bearish signal
Chaikin Money Flow /
Selling pressure for ELX.AX continues - bearish signal

Ellex Medical Lasers (ASX:ELX): Chaikin Oscillator Current Signal -> (1) 20 Nov: BEARISH (2) 19 Nov: BEARISH (3) 16 Nov: BEARISH

Ellex Medical Lasers has moved below the S2 Camarilla pivot point ($0.561) [Bearish]
Camarilla Pivot Points /
Ellex Medical Lasers has moved below the S2 Camarilla pivot point ($0.561) [Bearish]

Ellex Medical Lasers has broken the first Camarilla support point ($0.561) [Bearish]. Look for a short limit order entry near this point. Exit price for ELX should be set @$0.561 & short position stoploss for Ellex Medical Lasers should be set between $0.789 & $0.846

Williams %R /
William %R overbought signal had been cancelled for Ellex Medical Lasers

ELX: William %R Current Signal -> (1) 20 Nov: BULLISH CROSSUNDER (2) 19 Nov: BEARISH (3) 16 Nov: BEARISH CROSSOVER

Fibonacci Fans /
Ellex Medical Lasers: 0.618 Fibonacci Fan ($0.59)

Ellex Medical Lasers: The current Fibonacci Fan levels are: (23.61%) $0.72: (38.2%) $0.62: (50%) $0.61: (61.8%) $0.59The current support levels are: (78.6%) $0.58: (100%) $0.56: (138.2%) $0.53: (161.8%) $0.51: (261.8%) $0.42: (423.61%) $0.27

Open Tod Vs Close Tod /
Ellex Medical Lasers: Sellers were in control all day.

[BEARISH STRONG]: Ellex Medical Lasers 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 14.3%.

Closed Window /
Ellex Medical Lasers: Closed Window

[BEARISH]: Ellex Medical Lasers has Gapped Down on previous bar.

Daily trading performance for ELX has initiated a short term downtrend
Close Tod Vs Close Yest /
Daily trading performance for ELX has initiated a short term downtrend

[BEARISH]: Ellex Medical Laserssellers are keener than buyers and are driving the price down. This is the first day of price decline for ELX adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.9 & the greatest daily negative change this year has been -90.2. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -95.8%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -95.8%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -3.600000%

Ellex Medical Lasers: 0.618 Fibonacci Retraction (0.57)
Fibonacci Retracements /
Ellex Medical Lasers: 0.618 Fibonacci Retraction (0.57)

Ellex Medical Lasers: The current Fibonacci Retraction levels are: (23.61%) $0.69: (38.2%) $0.59: (50%) $0.58: (61.8%) $0.57The current support levels are: (78.6%) $0.56: (100%) $0.54: (138.2%) $0.51: (161.8%) $0.49: (261.8%) $0.4: (423.61%) $0.26

Tricklar Trend /
[Uptrend]: The Tricklar trendd has continued for ELX

[BULLISH]: Ellex Medical Lasers has a Tricklar uptrend confirmation. This was confirmed through a price breakout on the Nov 13 2018.

Demarks Pivot Points /
[Short]: Exit price for ELX should be set @$0.663

Ellex Medical Lasers has broken the first DeMark support point ($0.6813) [Bearish]. Look for a short limit order entry near this point. Exit price for ELX should be set @$0.6630 & short position stoploss for Ellex Medical Lasers should be set at $0.688

Black Marubozu /
ELX Basic Candle: Black Marubozu

[BEARISH]: Ellex Medical Lasers has formed a Black Marubozu candlestick. This means, ELX 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.

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

[BEARISH]: Ellex Medical Lasers UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.274.

ELX.AX is no longer overbought @ 49
Commodity Channel Index /
ELX.AX is no longer overbought @ 49

[NEUTRAL]: Ellex Medical Lasers current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 49. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 275.

Triangular Moving Average /
[Bullish]: TMA(15) is serving as a support line for Ellex Medical Lasers

ELX: TMA Current Signal -> (1) 20 Nov: BULLISH (2) 19 Nov: BULLISH (3) 16 Nov: BULLISH

Aroon Oscillator /
[Uptrend]: Aroon oscillator (92) strong uptrend has been confirmed for ELX

[BULLISH]: Ellex Medical Lasers has a current ARO(25) of 92. This has change 0 points from yesterday.

Volume Rate of Change /
Volume rate of change(14) is increasing for Ellex Medical Lasers

[BULLISH]: Ellex Medical Lasers currently has positive volume of change of 83%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -4.9%.

Pivot point for ELX is bearish. Stoploss should be positioned @$0.708
Pivot Points /
Pivot point for ELX is bearish. Stoploss should be positioned @$0.708

Ellex Medical Lasers has broken the first support point ($0.658) [Bearish]. Look for a short limit order entry near this point. Exit price for ELX should be set @$0.658 & short position stoploss for Ellex Medical Lasers should be set between $0.708 & $0.716

Ellex Medical Lasers is no longer overbought
Money Flow Index /
Ellex Medical Lasers is no longer overbought

[NEUTRAL]: Ellex Medical Lasers (ASX:ELX) current trading price has closed out money flow index oversold status and signalled the initiation of normal trading conditions. Currently, the MFI is 74.07. The previous bullish signal was active for 0 day. During the quarter, the lowest MFI value was 27.

Ellex Medical Lasers: Current trading activity signals OBV accumulation is present
On Balance Volume /
Ellex Medical Lasers: Current trading activity signals OBV accumulation is present

[BULLISH]: Ellex Medical Lasers current price has highlighted recent accumulation. Currently, the OBV is 11590.2.

Detrended Price Oscillator /
[Bullish]: Displaced moving average is currently below the price for ELX

[BULLISH]: Ellex Medical Lasers currently has a confirmed uptrend. Price is currently above the displaced moving average for ELX. Currently, the return on DPO20 is -4.9%.

Accumulation / Distribution /
Traders are currently accumulating ELX.AX

[BULLISH]: Ellex Medical Lasers (ASX:ELX) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 9367.9.

Supertrend /
ELX: Supertrend has confirmed a downtrend @0.7345

ELX: Supertrend Current Signal -> (1) 20 Nov: BEARISH (2) 19 Nov: BEARISH (3) 16 Nov: BEARISH

Fibonacci Extensions /
Ellex Medical Lasers has broken below the 161.8% extension level ($1.86) [Bullish]

Ellex Medical Lasers: The current Fibonacci Extension levels are: (23.61%) $0.69: (38.2%) $0.68: (50%) $0.67: (61.8%) $0.66The current support levels are: (78.6%) $0.64: (100%) $0.63: (138.2%) $0.59: (161.8%) $0.57: (261.8%) $0.49: (423.61%) $0.35

DVI: Distribution still active for ELX.AX
Daily Volume Index /
DVI: Distribution still active for ELX.AX

[BEARISH]: Ellex Medical Lasers (ASX:ELX) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -297.

Stochastic oversold signal has just been neutralized for Ellex Medical Lasers
Stochastic Oscillator /
Stochastic oversold signal has just been neutralized for Ellex Medical Lasers

ELX: Stochastic Oscillator Signal -> (1) 20 Nov: BULLISH CROSSUNDER (2) 19 Nov: BULLISH (3) 16 Nov: BEARISH CROSSOVER

Woodie Pivot Point /
Short positions for Ellex Medical Lasers should be set between $0.681 & $0.656

Ellex Medical Lasers has broken the first Woodie support point ($0.656) [Bearish]. Look for a short limit order entry near this point. Exit price for ELX should be set @$0.656 & short position stoploss for Ellex Medical Lasers should be set at $0.706

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