EML | Australian Securities Exchange

Emerchants
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Price dipped from high volume trading for Emerchants during last trading session
Ease of Movement /
Price dipped from high volume trading for Emerchants during last trading session

EML: EOM Current Signal -> (1) 21 Nov: BEARISH HARD (2) 20 Nov: BEARISH HARD (3) 19 Nov: BULLISH HARD

Momentum is now rising for Emerchants signalling an uptrend will persist
Momentum /
Momentum is now rising for Emerchants signalling an uptrend will persist

[BULLISH CROSSOVER]: Emerchants currently has positive momentum of 0.01. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.3%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0%.

Tricklar Trend /
Emerchants: Tricklar trend Downtrend remains intact

[BEARISH]: Emerchants has a Tricklar downtrend confirmation. This was confirmed through a price breakout on the Nov 13 2018.

Bill Williams Market Facilitation /
[Green Day]: Both MFI & volume are up for Emerchants

Emerchants Currently is a confirmed Green Day. Both MFI & volume are down for EML. Trend continuation likely for EML from increased trading activity.

Ulcer Index /
Ulcer index has increased as the price has fallen for Emerchants

[BULLISH]: Emerchants UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.042.

Triangular Moving Average /
Emerchants is in a short term downtrend with the resistance price @$1.543

[BEARISH]: Emerchants 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 0.3%.

Emerchants: Supertrend (1.6675) has confirmed a downtrend is present
Supertrend /
Emerchants: Supertrend (1.6675) has confirmed a downtrend is present

[BEARISH]: Emerchants has a current Supertrend of 1.6675. This has change -0.005 points from yesterday.

Range Tod Vs Range Yest /
Emerchants: Range Performance (228.6)

[BEARISH]: Emerchants sellers are increasingly eager. This is the first day sellers have increasing eagerness for EML adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.2750 & the greatest daily price range this year has been $1.0050. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.3x.

Market conditions are indicating OBV distribution is current for EML.AX
On Balance Volume /
Market conditions are indicating OBV distribution is current for EML.AX

[BEARISH]: Emerchants current price has highlighted recent distribution. Currently, the OBV is -82074.9.

Stoploss for Emerchants should be set at $0.68
Fibonacci Extensions /
Stoploss for Emerchants should be set at $0.68

Emerchants has moved below the 61.8% level ($0.65) [Bearish]. Look for a short limit order entry near this point. Exit price for EML should be set @$0.56 & short position stoploss for Emerchants should be set at $0.7

MACD Volume /
Emerchants: Volume MACD (-10427)

[BEARISH]: Emerchants currently has negative Volume MACD of -10427. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Weighted Moving Average /
[Downtrend]: Recent trading for EML indicates ST trend is likely to continue

[BEARISH]: Emerchants 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 0.3%.

Volume Rate of Change /
Volume rate of change(14) is now increasing for Emerchants

EML: VROC Current Signal -> (1) 21 Nov: BULLISH CROSSOVER (2) 20 Nov: BEARISH CROSSOVER (3) 19 Nov: BULLISH

Emerchants: Current trading activity signals DVI accumulation is present
Daily Volume Index /
Emerchants: Current trading activity signals DVI accumulation is present

[BULLISH]: Emerchants (ASX:EML) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1556.

Emerchants: 0.618 Fibonacci Fan ($1.55)
Fibonacci Fans /
Emerchants: 0.618 Fibonacci Fan ($1.55)

Emerchants: The current Fibonacci Fan levels are: (23.61%) $1.45: (38.2%) $1.49: (50%) $1.52: (61.8%) $1.55The current support levels are: (78.6%) $1.6: (100%) $1.66: (138.2%) $1.77: (161.8%) $1.83: (261.8%) $2.1: (423.61%) $2.55

Elders Force Index /
Emerchants: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Emerchants current price has highlighted recent selling pressure. Currently, the Elders Force Index is -334.

Demarks Pivot Points /
Emerchants has moved above the R1 DeMark pivot point ($1.4713) [Bullish]

Emerchants has broken the first DeMark resistance point ($1.4713) [Bullish]. Look for a long limit order entry near this point. Exit price for EML should be set @$1.558 & Stoploss for Emerchants should be set at $1.443

Simple Moving Average /
[Bearish]: SMA(15) is serving as a resistance line for Emerchants

EML: SMA(15) Current Signal -> (1) 21 Nov: BEARISH (2) 20 Nov: BEARISH (3) 19 Nov: BEARISH

Price continues to trade below the Exponential Moving Average(15) for EML
Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(15) for EML

[BEARISH]: Emerchants 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 0.3%.

Positive ROC confirmation for EML is a leading indicator for continued price rise
Rate of Change /
Positive ROC confirmation for EML is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Emerchants currently has positive rate of change of 0.671%. 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

Price percentage oscillator: Downward momentum is still present for Emerchants
Percentage Price /
Price percentage oscillator: Downward momentum is still present for Emerchants

[BEARISH]: Emerchants currently has negative PPO -1.289%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Elder Ray Index /
Selling pressure for EML highlights ability of sellers to drive the price downwards

[BEARISH]: Emerchants Elder Ray Index is signalling a Bearish movementERI is -0.139 indicating bear power. Prices are being driven below the consensus of value for EML during the last trading session [Selling Pressure]

Two White Soldiers /
Emerchants: Two White Soldiers

[BULLISH]: Emerchants has formed a new Two White Soldiers pattern.

Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-28) for Emerchants

EML: Aroon Oscillator Current Signal -> (1) 21 Nov: BEARISH (2) 20 Nov: BULLISH (3) 19 Nov: BULLISH

Sine Weighted Moving Average /
[Bearish]: Trend following indicator for EML highlights downward price direction is likely

[BEARISH]: Emerchants currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.3%.

Closing price for EML ($1.5) signals buyers are now keener than sellers
Close Tod Vs Close Yest /
Closing price for EML ($1.5) signals buyers are now keener than sellers

EML: Recent performance signals ->(1) 21 Nov: BULLISH (2) 20 Nov: NEUTRAL (3) 19 Nov: NEUTRAL

Emerchants has moved above the R2 pivot point ($1.577) [Bullish]
Pivot Points /
Emerchants has moved above the R2 pivot point ($1.577) [Bullish]

Emerchants has broken the first resistance point ($1.577) [Bullish]. Look for a long limit order entry near this point. Exit price for EML should be set @$1.577 & Stoploss for Emerchants should be set between $1.347 & $1.309

Open Tod Vs Close Tod /
Emerchants opened in the upper part of daily range at 91.3% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control.

[BULLISH]: Emerchants opened in the upper part of daily range at 91.3% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 6.7%.

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