RIC | Australian Securities Exchange

Ridley Corporation
+ Share

Positive divergence for Ridley Corporation @ 0.14
Chaikin Money Flow /
Positive divergence for Ridley Corporation @ 0.14

[BULLISH]: Ridley Corporation current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.14. Ridley Corporation (ASX:RIC) received a confirmed CMF crossover days on the Nov 9 2018. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.14 occurring on the Nov 9 2018.

Ridley Corporation has broken the first resistance point ($1.367) [Bullish]
Pivot Points /
Ridley Corporation has broken the first resistance point ($1.367) [Bullish]

Ridley Corporation has broken the first resistance point ($1.367) [Bullish]. Look for a long limit order entry near this point. Exit price for RIC should be set @$1.367 & Stoploss for Ridley Corporation should be set between $1.317 & $1.309

Momentum /
14-day momentum is increasing for Ridley Corporation

[BULLISH]: Ridley Corporation currently has positive momentum of 0.045. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.7%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 3.9%.

Average Directional Movement /
Average Directional Index for Ridley Corporation has signalled a strong trend is active

[Trend]: ADX for RIC has confirmed a strong trend is present. Ridley Corporation has an ATR(14) of 0.037, a DX of 8.25 & an ADX(14) of 25.96

MACD Volume /
[Bullish]: Ridley Corporation currently has positive Volume MACD histogram 13362

[BULLISH]: Ridley Corporation currently has positive Volume MACD of 13362. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for RIC

[BULLISH]: Ridley Corporation Elder Ray Index is signalling a Bullish movementERI is 0.042 indicating bull power. Prices are being driven above the consensus of value for RIC during the last trading session [Buying Pressure]

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Weighted Moving Average /
Ridley Corporation is in a short term uptrend with the closing price @$1.35

[BULLISH]: Ridley Corporation 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 2.7%.

The MACD for RIC is gaining momentum through a rise on the short term EMA
MACD /
The MACD for RIC is gaining momentum through a rise on the short term EMA

[BULLISH]: Ridley Corporation currently has positive MACD of 0.0139. This means the signal line is greater than the MACD line signalling a bullish movement.

Ulcer index has increased in stress level & high drawdown is expected for Ridley Corporation
Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Ridley Corporation

[BULLISH]: Ridley Corporation UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.229.

Daily Volume Index /
RIC.AX: Current trading activity signals DVI accumulation is active

[BULLISH]: Ridley Corporation (ASX:RIC) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 194.

Sine Weighted Moving Average /
[Uptrend]: Recent trading for RIC indicates ST trend is likely to continue

[BULLISH]: Ridley Corporation 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 2.7%.

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Ridley Corporation & are driving the price up.

[BULLISH]: Ridley Corporationbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for RIC adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 4.0 & the greatest daily positive change this year has been 4.0. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 7.1%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.5x. Over the last month the average daily upward movement has been 2.600000%

Ridley Corporation: ARO(-76) has signalled and strong downtrend is current
Aroon Oscillator /
Ridley Corporation: ARO(-76) has signalled and strong downtrend is current

[BEARISH]: Ridley Corporation has a current ARU(25) of 4 and a current ARD(25) of 80

Ridley Corporation: Three White Soldiers
Three White Soldiers /
Ridley Corporation: Three White Soldiers

[BULLISH]: Ridley Corporation has formed a new Three White Soldiers pattern.

Commodity Channel Index /
Ridley Corporation: The CCI overbought signal has been confirmed

[BEARISH CROSSOVER]: Ridley Corporation (ASX:RIC) current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 219. During the quarter, the highest CCI value was 219. The last overbought signal occurred on Nov 28 2018

Demarks Pivot Points /
Limit order for a long position has been identified for Ridley Corporation [Bullish]

Ridley Corporation has broken the first DeMark resistance point ($1.3438) [Bullish]. Look for a long limit order entry near this point. Exit price for RIC should be set @$1.363 & Stoploss for Ridley Corporation should be set at $1.338

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

[BEARISH]: Ridley Corporation current price has highlighted recent distribution. Currently, the OBV is -817.4.

Price is now above the displaced moving average for RIC [Bullish]
Detrended Price Oscillator /
Price is now above the displaced moving average for RIC [Bullish]

[BULLISH]: Ridley Corporation currently has a confirmed uptrend. Price is currently above the displaced moving average for RIC. Currently, the return on DPO20 is 2.7%.

Daily trading again produced an Uptrend bar for Ridley Corporation
Short Trend /
Daily trading again produced an Uptrend bar for Ridley Corporation

[BULLISH]: Ridley Corporation is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 3

William %R overbought signal had been initiated for Ridley Corporation
Williams %R /
William %R overbought signal had been initiated for Ridley Corporation

[BULLISH]: Ridley Corporation is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(15) for RIC

[BULLISH]: Ridley Corporation 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 2.7%.

Percentage Price /
PPO: The shorter moving average for RIC is still below the longer term moving average

[BEARISH]: Ridley Corporation currently has negative PPO -1.25%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Accumulation / Distribution /
Confirmation of Ridley Corporation is currently being accumulated

RIC: ADLINE Current Signal -> (1) 15 Jan: BULLISH (2) 14 Jan: BULLISH (3) 11 Jan: BULLISH

Open Tod Vs Close Tod /
RIC: 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

[BULLISH STRONG]: Ridley Corporation opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. 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%.

Ridley Corporation has moved above the R2 Woodie pivot point ($1.369) [Bullish]
Woodie Pivot Point /
Ridley Corporation has moved above the R2 Woodie pivot point ($1.369) [Bullish]

Ridley Corporation has broken the first Woodie resistance point ($1.369) [Bullish]. Look for a long limit order entry near this point. Exit price for RIC should be set @$1.369 & Stoploss for Ridley Corporation should be set at $1.319

RIC Basic Candle: White Marubozu
White Marubozu /
RIC Basic Candle: White Marubozu

[BULLISH]: Ridley Corporation has formed a White Marubozu candlestick. This means, RIC has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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