PNV | Australian Securities Exchange

Polynovo
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Polynovo accumulation trading has been initiated
Accumulation / Distribution /
Polynovo accumulation trading has been initiated

PNV: ADLINE Recent Trading -> (1) 21 Sep: 4.69881e+006 (2) 20 Sep: -1.3867e+006 (3) 19 Sep: -485398

Traders are currently accumulating Polynovo
Daily Volume Index /
Traders are currently accumulating Polynovo

[BULLISH]: Polynovo (ASX:PNV) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 9441.

Average Directional Movement /
Average Directional Index for Polynovo has signalled a weak trend is active

PNV: Average Directional Index Current Signal -> (1) 21 Sep: TREND WEAK (2) 20 Sep: TREND WEAK (3) 19 Sep: TREND WEAK

MACD Volume /
Volume MACD oscillator remains positive for PNV

[BULLISH]: Polynovo currently has positive Volume MACD of 597328. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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

[BULLISH CROSSOVER]: Polynovo currently has positive volume of change of 3334%. 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%.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for PNV

[BULLISH]: Polynovo has a current ARU(25) of 52 and a current ARD(25) of 16

Polynovo: Percentage Volume Oscillator @35.66 [Bullish Crossover]
Percentage Volume /
Polynovo: Percentage Volume Oscillator @35.66 [Bullish Crossover]

[BULLISH CROSSOVER]: Polynovo currently has positive PVO 35.66%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

Demarks Pivot Points /
[Long]: Entry price for PNV should be set @$0.5413

Polynovo has broken the first DeMark resistance point ($0.5413) [Bullish]. Look for a long limit order entry near this point. Exit price for PNV should be set @$0.563 & Stoploss for Polynovo should be set at $0.533

Polynovo: Triangular Moving Average(15) (0.548)
Triangular Moving Average /
Polynovo: Triangular Moving Average(15) (0.548)

[BEARISH]: Polynovo 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%.

PNV Basic Candle: White Opening Marubozu
White Opening Marubozu /
PNV Basic Candle: White Opening Marubozu

[BULLISH]: Polynovo has formed a White Opening Marubozu candlestick. This means, PNV has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Woodie Pivot Point /
[Long]: Exit price for PNV should be set @$0.57

Polynovo has broken the first Woodie resistance point ($0.57) [Bullish]. Look for a long limit order entry near this point. Exit price for PNV should be set @$0.57 & Stoploss for Polynovo should be set at $0.51

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

PNV: Stochastic Oscillator Trading -> (1) 21 Sep: 45.5 (2) 20 Sep: 0 (3) 19 Sep: 0

Ulcer Index /
Recent trading has highlighted low Ulcer index for Polynovo

[BEARISH]: Polynovo UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.759.

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

[BULLISH]: Polynovo is in an uptrend in the medium term timeframe. The current rally number is 29 & the highest rally count for the LTM is 70. The highest rally for the month is 15

Buyers are now keener than sellers for Polynovo & are driving the price up.
Close Tod Vs Close Yest /
Buyers are now keener than sellers for Polynovo & are driving the price up.

PNV: Recent Performance ->(1) 21 Sep: 4.8% (2) 20 Sep: -1.0% (3) 19 Sep: -2.8%

Fibonacci Extensions /
Polynovo has moved below the 161.8% extension level ($5.52) [Bullish]

Polynovo: The current Fibonacci Extension levels are: (23.61%) $0.53: (38.2%) $0.54: (50%) $0.55: (61.8%) $0.55The current support levels are: (78.6%) $0.56: (100%) $0.58: (138.2%) $0.6: (161.8%) $0.61: (261.8%) $0.66: (423.61%) $0.75

Bull Belt-Hold /
Polynovo: Bull Belt-Hold

[BULLISH]: Polynovo has formed a new Bull Belt-Hold reversal pattern.

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for PNV

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

This is the first day of buyer commitment for Polynovo adding strength to an uptrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of buyer commitment for Polynovo adding strength to an uptrend in the first timeframe

PNV: Close versus price range Current Signal ->(1) 21 Sep: BULLISH (2) 20 Sep: BEARISH (3) 19 Sep: BEARISH

Bollinger Overbought signal continues for Polynovo indicating downward price movement is likely
Bollinger Bands /
Bollinger Overbought signal continues for Polynovo indicating downward price movement is likely

[BEARISH]: Polynovo is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 46.01% with a current width of 10.3.

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

[BULLISH]: Polynovo has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 14 2018.

Exponential Moving Average /
[Uptrend]: Recent trading for PNV confirms bullish EMA(15) signal

[BULLISH]: Polynovo 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 4.8%.

On Balance Volume /
Polynovo: Current trading activity OBV signals distribution is present

[BEARISH]: Polynovo current price has highlighted recent distribution. Currently, the OBV is -6.57233e+006.

Elder Ray Index /
Bull power has increased for Polynovo signalling bullish conditions are likely

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

Rate of Change /
Negative ROC: Price is trading lower for Polynovo than 14 days ago

[BEARISH]: Polynovo currently has negative rate of change of -4.386%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Buying pressure for Polynovo continues - bullish signal
Chaikin Money Flow /
Buying pressure for Polynovo continues - bullish signal

Polynovo (ASX:PNV): Chaikin Oscillator Current Signal -> (1) 21 Sep: BULLISH (2) 20 Sep: BULLISH (3) 19 Sep: BULLISH

Polynovo opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 83.3%. This suggests the buyers were in control all day.
Open Tod Vs Close Tod /
Polynovo opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 83.3%. This suggests the buyers were in control all day.

[BULLISH STRONG]: Polynovo opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 83.3%. This suggests the buyers were in control all day. Over the last 12 months there has been 0 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 0%. Over the last month there has been 0 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 0%.

Commodity Channel Index /
Trading conditions for Polynovo have reduced trend reversal potential

[NEUTRAL]: Polynovo (ASX:PNV) current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -64. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -182.

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