NZM | Australian Securities Exchange

Nzme
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Nzme: Downtrend for the medium term trend is continued
Medium Trend /
Nzme: Downtrend for the medium term trend is continued

[BEARISH]: Nzme has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Sep 12 2018.

NZM: Average Directional Index has confirmed a strong trend @34.75
Average Directional Movement /
NZM: Average Directional Index has confirmed a strong trend @34.75

[Trend]: ADX for NZM has confirmed a strong trend is present. Nzme has an ATR(14) of 0.03, a DX of 8.43 & an ADX(14) of 34.75

Weighted Moving Average /
Weighted Moving Average(15) signal continues for Nzme indicating upward price movement is likely

[BULLISH]: Nzme currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 1.6%.

Percentage Volume /
Percentage volume oscillator remains negative for NZM

[BEARISH]: Nzme currently has negative PVO -27.55%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Momentum /
Momentum(14) is increasing for Nzme

[BULLISH]: Nzme currently has positive momentum of 0.035. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.6%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 0%.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Nzme [Bullish]

[BULLISH]: Nzme currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 1.6%.

Nzme: Current trading activity signals OBV accumulation is present
On Balance Volume /
Nzme: Current trading activity signals OBV accumulation is present

[BULLISH]: Nzme current price has highlighted recent accumulation. Currently, the OBV is 1.98376e+006.

Short White Candle /
NZM Basic Candle: Short White

[BULLISH WEAK]: Nzme has formed a Short White candlestick. This means, NZM has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Nzme: Price currently within Bollinger bands
Bollinger Bands /
Nzme: Price currently within Bollinger bands

[BULLISH]: Nzme is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 73.78% with a current width of 13.79.

Rate of change continues to build for Nzme signalling a short term uptrend is likely
Rate of Change /
Rate of change continues to build for Nzme signalling a short term uptrend is likely

[BULLISH]: Nzme currently has positive rate of change of 5.882%. 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

Accumulation / Distribution /
Distribution signal for Nzme is confirmed

[BEARISH]: Nzme (ASX:NZM) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -2.35317e+006.

Exponential Moving Average /
Nzme is in a short term uptrend with the support price @$0.6247

[BULLISH]: Nzme currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 1.6%.

Nzme continues negative divergence & potential shift in direction
Chaikin Money Flow /
Nzme continues negative divergence & potential shift in direction

[BEARISH]: Nzme current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.09. Nzme (ASX:NZM) received a confirmed CMF crossover days on the Aug 23 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.55 occurring on the Aug 23 2018.

Open/close reversal confirmed for Nzme signalling the buyers have taken control
Open Tod Vs Close Tod /
Open/close reversal confirmed for Nzme signalling the buyers have taken control

[BULLISH]: Nzme opened in the middle part of daily range at 50% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 2 trading days with the opening price in the middle 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 middle price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

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

[BULLISH]: Nzme Elder Ray Index is signalling a Bullish movementERI is 0.009 indicating bull power. Prices are being driven above the consensus of value for NZM during the last trading session [Buying Pressure]

Average True Range /
Nzme: Average True Range (0.03) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Nzme has a TR of 0.01, and an ATR(14) of 0.03.

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 10.2%

NZM: Recent Performance ->(1) 21 Sep: 1.6% (2) 20 Sep: 2.5% (3) 19 Sep: -6.9%

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

NZM: UIX Current Signal -> (1) 21 Sep: High stress (2) 20 Sep: High stress (3) 19 Sep: High stress

MACD for Nzme continues to gain momentum @0.007
MACD /
MACD for Nzme continues to gain momentum @0.007

[BULLISH]: Nzme currently has positive MACD of 0.007. This means the signal line is greater than the MACD line signalling a bullish movement.

Bullish conditions for NZM are likely to continue based on EFI (54)
Elders Force Index /
Bullish conditions for NZM are likely to continue based on EFI (54)

NZM: Elders Force Index Recent Trading -> (1) 21 Sep: 54 (2) 20 Sep: 10 (3) 19 Sep: -21

Close Tod Vs Range Tod /
Nzme: Buyers are in control at the market close.

NZM: Close versus price range Recent Trading ->(1) 21 Sep: 100.000000000000000% (2) 20 Sep: 25.000000000000000% (3) 19 Sep: 20.000000000000000%

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Nzme

NZM: DPO Current Signal -> (1) 21 Sep: BEARISH (2) 20 Sep: BEARISH (3) 19 Sep: BEARISH

Ease of Movement /
Nzme Ease of Movement is -0.271 [Difficult to Move]

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

Volume Rate of Change /
Negative VROC: Price is lower for Nzme than 14 days ago

[BEARISH]: Nzme currently has negative rate of change of -84%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.6%.

Daily bar has confirmed has confirmed an Aroon downtrend is intact for NZM
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon downtrend is intact for NZM

[BEARISH]: Nzme has a current ARO(25) of -16. This has change 0 points from yesterday.

Nzme: Volume MACD @-2395 [Bearish]
MACD Volume /
Nzme: Volume MACD @-2395 [Bearish]

NZM: Volume MACD Current Signal -> (1) 21 Sep: BEARISH (2) 20 Sep: BEARISH (3) 19 Sep: BEARISH

Percentage Price /
Signal line is still below the EMA for Nzme producing negative momentum

[BEARISH]: Nzme currently has negative PPO -3.368%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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