IGO | Australian Securities Exchange

Independence
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Independence: Average True Range (0.159) has confirmed an uptrend is present
Average True Range /
Independence: Average True Range (0.159) has confirmed an uptrend is present

IGO: Average True Range Recent Trading -> (1) 16 Nov: 0.159 (2) 15 Nov: 0.155 (3) 14 Nov: 0.156

The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 134.3%
Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 134.3%

[BULLISH]: Independencebuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for IGO adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.5 & the greatest daily positive change this year has been 127.2. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 134.3%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 134.3%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.4x. Over the last month the average daily upward movement has been 2.800000%

Volume Rate of Change /
Independence has initiated a positive volume rate of change of 13

IGO: VROC Recent Trading -> (1) 16 Nov: 13.0000 (2) 15 Nov: -28.0000 (3) 14 Nov: -28.0000

Range Tod Vs Range Yest /
The largest daily price range this year for IGO has been $1.8350

IGO: Range today versus range yesterday Current Signal ->(1) 16 Nov: BULLISH (2) 15 Nov: BEARISH (3) 14 Nov: BULLISH

Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for IGO during the last trading session

[BULLISH]: Independence Elder Ray Index is signalling a Bullish movementERI is 0.01 indicating bull power. Prices are being driven above the consensus of value for IGO during the last trading session [Buying Pressure]

Pivot Reversal /
A short term Pivot Reversal has formed with Independence

[BULLISH]: A short term Pivot Reversal has formed with Independence which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

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Accumulation / Distribution /
Independence is being actively distributed

[BEARISH]: Independence (ASX:IGO) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -913506.

Overbought signal for the Upper Donchian Band is still current for Independence
Donchian Channels /
Overbought signal for the Upper Donchian Band is still current for Independence

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

Positive momentum: Price is trading higher for Independence than 14 days ago
Momentum /
Positive momentum: Price is trading higher for Independence than 14 days ago

[BULLISH]: Independence currently has positive momentum of 0.18. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 4.5%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 2.5%.

Fibonacci Retracements /
Independence: 0.618 Fibonacci Retraction (3.51)

Independence: The current Fibonacci Retraction levels are: (23.61%) $4.38: (38.2%) $3.66: (50%) $3.59: (61.8%) $3.51The current support levels are: (78.6%) $3.41: (100%) $3.28: (138.2%) $3.04: (161.8%) $2.89: (261.8%) $2.26: (423.61%) $1.25

Bill Williams Market Facilitation /
Recent trading has confirmed a Fake Day for Independence

Independence Currently is a confirmed Fake Day. MFI indicator is up, volume is down for IGO. Trend continuation possible for IGO from reduced trading activity.

MACD /
Independence: MACD oscillator (-0.0223)

[BEARISH]: Independence currently has negative MACD of -0.0223. This means the signal line is less than the MACD line signalling a bearish movement.

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

[BULLISH]: Independence UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.905.

William %R oversold signal has just been neutralized for Independence
Williams %R /
William %R oversold signal has just been neutralized for Independence

IGO: William %R Recent Trading -> (1) 16 Nov: -65.2 (2) 15 Nov: -87.2 (3) 14 Nov: -74.4

Fibonacci Extensions /
Independence: 1.618 Fibonacci Extension ($3.51)

Independence: The current Fibonacci Extension levels are: (23.61%) $4.38: (38.2%) $4.29: (50%) $4.21: (61.8%) $4.14The current support levels are: (78.6%) $4.03: (100%) $3.9: (138.2%) $3.66: (161.8%) $3.51: (261.8%) $2.89: (423.61%) $1.88

Close Tod Vs Range Tod /
Trading for Independence highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Independence buyers are in control at the market close. This is the first day of buyer commitment for Independence adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 1 trading day with the closing price in the upper part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the upper range giving a confirmation ratio of 8.3%. Currently this quarter, closing price has spent 1 day in the upper price range compared to 5 days in the lower range giving a ratio of 0.2x.

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Independence

IGO: Stochastic Oscillator Signal -> (1) 16 Nov: BEARISH CROSSUNDER (2) 15 Nov: BULLISH CROSSOVER (3) 14 Nov: NEUTRAL

Independence: 0.618 Fibonacci Fan ($6.14)
Fibonacci Fans /
Independence: 0.618 Fibonacci Fan ($6.14)

Independence: The current Fibonacci Fan levels are: (23.61%) $7.67: (38.2%) $6.41: (50%) $6.28: (61.8%) $6.14The current support levels are: (78.6%) $5.97: (100%) $5.74: (138.2%) $5.32: (161.8%) $5.06: (261.8%) $3.95: (423.61%) $2.19

Independence opened in the lower part of daily range at 6.1% & closed in the upper part of the trading range at 78.8%. This suggests the buyers were in control all day.
Open Tod Vs Close Tod /
Independence opened in the lower part of daily range at 6.1% & closed in the upper part of the trading range at 78.8%. This suggests the buyers were in control all day.

[BULLISH STRONG]: Independence opened in the lower part of daily range at 6.1% & closed in the upper part of the trading range at 78.8%. This suggests the buyers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the upper 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 price range & the closing the price in the upper price range giving a confirmation ratio of 16.7%.

Price moved on high volume to close higher for the day for IGO [Difficult to Move]
Ease of Movement /
Price moved on high volume to close higher for the day for IGO [Difficult to Move]

IGO: EOM Recent Trading -> (1) 16 Nov: 0.553 (2) 15 Nov: -0.346 (3) 14 Nov: -0.384

Supertrend /
IGO: Supertrend has confirmed a downtrend @4.4975

[BEARISH]: Independence has a current Supertrend of 4.4975. This has change 0 points from yesterday.

Coles Reaction Day /
Independence: Coles Rally Day has been confirmed

Independence: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for IGO

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

[BEARISH]: Independence 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 4.5%.

Short Trend /
IGO: Short term trend has confirmed an Uptrend

[BULLISH]: Independence is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

The current price is still losing momentum through a fall for IGO on the short term EMA.
Percentage Price /
The current price is still losing momentum through a fall for IGO on the short term EMA.

[BEARISH]: Independence currently has negative PPO -1.153%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Independence is in a short term downtrend with the closing price @$4.16
Triangular Moving Average /
Independence is in a short term downtrend with the closing price @$4.16

[BEARISH]: Independence 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 4.5%.

Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(15) for IGO

[BEARISH]: Independence 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 4.5%.

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