ELX | Australian Securities Exchange

Ellex Medical Lasers
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The EMA trend following signal is still current for Ellex Medical Lasers [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Ellex Medical Lasers [Bearish]

[BEARISH]: Ellex Medical Lasers currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -4.8%.

[Short]: Exit price for ELX should be set @$0.65
Demarks Pivot Points /
[Short]: Exit price for ELX should be set @$0.65

Ellex Medical Lasers current pivot point (DeMark) is: (R1) $0.7. The current pivot point (DeMark) is: (S1) $0.65.

Weighted Moving Average /
Ellex Medical Lasers is in a short term downtrend with the closing price @$0.69

[BEARISH]: Ellex Medical Lasers currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -4.8%.

Fibonacci Extensions /
[Long]: Entry price for ELX should be set @$3.62

Ellex Medical Lasers: The current Fibonacci Extension levels are: (23.61%) $0.81: (38.2%) $0.77: (50%) $0.74: (61.8%) $0.7The current support levels are: (78.6%) $0.66: (100%) $0.6: (138.2%) $0.5: (161.8%) $0.43: (261.8%) $0.16: (423.61%) $-0.27

Black Candle /
ELX Basic Candle: Black

[BEARISH]: Ellex Medical Lasers has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Percentage Price /
The current price is still gaining momentum through a rise for ELX on the short term EMA.

[BULLISH]: Ellex Medical Lasers currently has positive PPO 1.359%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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On Balance Volume /
Market conditions are indicating OBV accumulation is current for ELX.AX

[BULLISH]: Ellex Medical Lasers current price has highlighted recent accumulation. Currently, the OBV is 1.39489e+006.

Recent trading highlights continued selling pressure is present for ELX
Elders Force Index /
Recent trading highlights continued selling pressure is present for ELX

[BEARISH]: Ellex Medical Lasers current price has highlighted recent selling pressure. Currently, the Elders Force Index is -8187.

[Short]: Exit price for ELX should be set @$0.637
Pivot Points /
[Short]: Exit price for ELX should be set @$0.637

Ellex Medical Lasers has broken the first support point ($0.637) [Bearish]. Look for a short limit order entry near this point. Exit price for ELX should be set @$0.637 & short position stoploss for Ellex Medical Lasers should be set between $0.737 & $0.764

Williams %R /
William %R Oversold signal is still current for Ellex Medical Lasers [Bullish]

[BEARISH]: Ellex Medical Lasers is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Ease of Movement /
Ellex Medical Lasers was difficult to move downward due to high volume in recent trading [Bearish]

ELX: EOM Current Signal -> (1) 25 Sep: BEARISH HARD (2) 24 Sep: BEARISH HARD (3) 21 Sep: BEARISH HARD

Close Tod Vs Close Yest /
Over the last month the average daily loss ratio has been -6.200000%

[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 -13.3 & the greatest daily negative change this year has been -90.8. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -90.8%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -90.8%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -6.200000%

Percentage Volume /

ELX: PVO Current Signal -> (1) 25 Sep: BULLISH (2) 24 Sep: BULLISH (3) 21 Sep: BULLISH

[Bearish]: Recent trading has driven price below the consensus of value for ELX
Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for ELX

ELX: Elder Ray Index Recent Trading -> (1) 25 SepBull Power: -0.04Bear Power: -0.09 (2) 24 SepBull Power: -0.001Bear Power: -0.056 (3) 21 SepBull Power: 0.102Bear Power: -0.068

Ulcer Index /
Ellex Medical Lasers: Ulcer Index (7.434)

[BULLISH]: Ellex Medical Lasers UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.434.

Range Tod Vs Range Yest /
The largest daily price range this year for ELX has been $0.4950

[WEAK BULLISH]: Ellex Medical Lasers sellers are becoming less eager. There has been 2 consecutive days of range increase for ELX reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2100 & the greatest daily price range this year has been $0.4950. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.4x.

Volume Rate of Change /
Ellex Medical Lasers:Volume rate of Change (607)

[BULLISH]: Ellex Medical Lasers currently has positive volume of change of 607%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -4.8%.

The TMA trend following signal is still current for Ellex Medical Lasers [Bearish]
Triangular Moving Average /
The TMA trend following signal is still current for Ellex Medical Lasers [Bearish]

[BEARISH]: Ellex Medical Lasers currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -4.8%.

Donchian Overbought signal continues for Ellex Medical Lasers indicating downward price movement is likely
Donchian Channels /
Donchian Overbought signal continues for Ellex Medical Lasers indicating downward price movement is likely

[BEARISH]: Ellex Medical Lasers is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Woodie pivot point for ELX is bearish. Stoploss should be positioned @$0.738
Woodie Pivot Point /
Woodie pivot point for ELX is bearish. Stoploss should be positioned @$0.738

Ellex Medical Lasers has broken the first Woodie support point ($0.638) [Bearish]. Look for a short limit order entry near this point. Exit price for ELX should be set @$0.638 & short position stoploss for Ellex Medical Lasers should be set at $0.738

Rate of Change /
14-day rate of change is decreasing for Ellex Medical Lasers

ELX: ROC Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH CROSSOVER (3) 21 Sep: BEARISH CROSSOVER

Momentum /
Ellex Medical Lasers currently has negative momentum of -0.065

ELX: MOM Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH CROSSOVER (3) 21 Sep: BEARISH CROSSOVER

Moving Average Envelope /
Initiation of oversold signal for Ellex Medical Lasers [Bearish Crossover]

[BEARISH CROSSOVER]: Ellex Medical Lasers current price has driven Envelope Bands to become oversold signalling the continuation of short trading conditions. Currently, the Lower Band is 0.703.

Bollinger Bands /
Closing price ($0.69) for ELX is still below the Upper Bollinger Band

[BEARISH]: Ellex Medical Lasers is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 14.22% with a current width of 23.3.

ELX: Medium term trend is still an Uptrend
Medium Trend /
ELX: Medium term trend is still an Uptrend

[BULLISH]: Ellex Medical Lasers has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Sep 11 2018.

ELX: Long term trend is still an Uptrend
Long Trend /
ELX: Long term trend is still an Uptrend

[BULLISH]: Ellex Medical Lasers has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Sep 19 2018.

Open Tod Vs Close Tod /
Ellex Medical Lasers: Over the last 12 months there has been 2 trading days giving a confirmation ratio of 0.8%.

[BEARISH WEAK]: Ellex Medical Lasers opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 60%. This suggests the sellers have lost commitment. 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 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 upper price range & the closing the price in the middle price range giving a confirmation ratio of 11.8%.

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