RKN | Australian Securities Exchange

Reckon
+ Share

Traders are currently Distributing Reckon
On Balance Volume /
Traders are currently Distributing Reckon

[BEARISH]: Reckon current price has highlighted recent distribution. Currently, the OBV is -388449.

RKN Basic Candle: White Closing Marubozu
White Closing Marubozu /
RKN Basic Candle: White Closing Marubozu

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

Bollinger Bands /
Overbought signal for the Upper Bollinger Band is still current for Reckon

[BEARISH]: Reckon is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 36.45% with a current width of 18.64.

Pivot Points /
Reckon: Look for a long limit order entry @$0.833

Reckon has broken the first resistance point ($0.833) [Bullish]. Look for a long limit order entry near this point. Exit price for RKN should be set @$0.833 & Stoploss for Reckon should be set between $0.793 & $0.786

Daily Volume Index /
DVI: Distribution still active for RKN.AX

RKN: DVI Recent Trading -> (1) 21 Sep: -345 (2) 20 Sep: -325 (3) 19 Sep: -340

MACD /
RKN: Moving Average Convergence Divergence [Bearish]

RKN: MACD Recent Trading -> (1) 21 Sep: -0.0059 (2) 20 Sep: -0.0106 (3) 19 Sep: -0.0116

Limit order for a long position has been identified for Reckon @$1.23
Fibonacci Extensions /
Limit order for a long position has been identified for Reckon @$1.23

Reckon has moved below the 161.8% level ($1.23) [Bullish]. Look for a long limit order entry near this point. Exit price for RKN should be set @$1.37 & Stoploss for Reckon should be set at $1.1

Demarks Pivot Points /
DeMark pivot point for RKN is bullish. Stoploss should be positioned @$0.81

Reckon has broken the first DeMark resistance point ($0.8150) [Bullish]. Look for a long limit order entry near this point. Exit price for RKN should be set @$0.83 & Stoploss for Reckon should be set at $0.81

Reckon: Open Window
Two White Soldiers /
Reckon: Open Window

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

Reckon: 2nd timeframe trend Downtrend remains intact
Medium Trend /
Reckon: 2nd timeframe trend Downtrend remains intact

[BEARISH]: Reckon is in an downtrend in the medium term timeframe. The current rally number is 7 & the highest rally count for the LTM is 57. The highest rally for the month is 15

Woodie Pivot Point /
Long positions for Reckon should be set between $0.815 & $0.835

Reckon current pivot point (Woodie) is: $0.815. The current resistance levels are: (R1) $0.83: (R2) $0.835The current support levels are: (S1) $0.81: (S2) $0.795

Williams %R /
William %R for RKN has crossed above the oversold limit triggering a neutral signal

RKN: William %R Current Signal -> (1) 21 Sep: BEARISH CROSSUNDER (2) 20 Sep: BULLISH (3) 19 Sep: BULLISH

Open Tod Vs Close Tod /
RKN: 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

[BULLISH STRONG]: Reckon opened in the lower part of daily range at 25% & 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 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 13.3%.

A short term Gap Up has formed with Reckon
Gap Up /
A short term Gap Up has formed with Reckon

[BEARISH]: A short term Gap Up has formed with Reckon which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

Daily trading again produced an Uptrend bar for Reckon
Short Trend /
Daily trading again produced an Uptrend bar for Reckon

[BULLISH]: Reckon 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.

Detrended Price Oscillator /
Bearish trading conditions for Reckon has been signalled from the DPO (-0.0863)

[BEARISH]: Reckon currently has a confirmed downtrend. Price is currently below the displaced moving average for RKN. Currently, the return on DPO20 is 4.5%.

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

[BULLISH]: Reckonbuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for RKN adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 4.5 & the greatest daily positive change this year has been 15.1. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 26.9%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 15.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.3x. Over the last month the average daily upward movement has been 2.900000%

Accumulation / Distribution /
RKN: Current trading activity signals distribution is active

[BEARISH]: Reckon (ASX:RKN) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -85309.

CMF showing selling pressure & potential change in direction for RKN.AX
Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for RKN.AX

[BEARISH]: Reckon current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.29. Reckon (ASX:RKN) received a confirmed CMF crossover days on the Aug 28 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.37 occurring on the Aug 28 2018.

[Bullish]: Reckon currently has positive PVO 13.15
Percentage Volume /
[Bullish]: Reckon currently has positive PVO 13.15

[BULLISH]: Reckon currently has positive PVO 13.15%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 1.8%.

Reckon: ARO(-84) has signalled and strong downtrend is current
Aroon Oscillator /
Reckon: ARO(-84) has signalled and strong downtrend is current

RKN: Aroon Oscillator Current Signal -> (1) 21 Sep: BEARISH STRONG (2) 20 Sep: BEARISH STRONG (3) 19 Sep: BEARISH STRONG

Moving Average Envelope /
Reckon is no longer oversold [Close short]

RKN: Envelope Bands Current Signal -> (1) 21 Sep: BULLISH CROSSUNDER (2) 20 Sep: BEARISH (3) 19 Sep: BEARISH

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

[BEARISH]: Reckon currently has negative rate of change of -5.747%. 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

MACD Volume /
Reckon: Volume MACD oscillator (1909)

RKN: Volume MACD Recent Trading -> (1) 21 Sep: 1909 (2) 20 Sep: 4811 (3) 19 Sep: 6532

Stochastic Oscillator /
Stochastic overbought signal had been cancelled for Reckon

RKN: Stochastic Oscillator Trading -> (1) 21 Sep: 42.9 (2) 20 Sep: 17.9 (3) 19 Sep: 3.6

Reckon: Price Percentage Oscillator (-3.547)
Percentage Price /
Reckon: Price Percentage Oscillator (-3.547)

[BEARISH]: Reckon currently has negative PPO -3.547%. This means the current price is losing momentum through a fall on the short term exponential moving average.

The WMA trend following signal is now active for Reckon [Bullish]
Weighted Moving Average /
The WMA trend following signal is now active for Reckon [Bullish]

[BULLISH]: Reckon 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 4.5%.

Bill Williams Market Facilitation /
Market movement continuation likely for RKN as a result of Fake Day

RKN: BWMF Current Signal -> (1) 21 Sep: Fake Day (2) 20 Sep: Squat Day (3) 19 Sep: Fake Day

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