Saracen Mineral

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Saracen Mineral closed in the lower part of daily range at 6.3%.

[BEARISH]: Saracen Mineral sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Saracen Mineral adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 44.4%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.3x.

Saracen Mineral continues negative divergence & potential shift in direction

[BEARISH]: Saracen Mineral current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.21. Saracen Mineral (ASX:SAR) received a confirmed CMF crossover days on the Oct 14 2019. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.21 occurring on the Oct 14 2019.

Sellers continue to be keener than buyers for Saracen Mineral & are driving the price down.

[BEARISH]: Saracen Mineralsellers are keener than buyers and are driving the price down. There has been 4 consecutive days of price decline for SAR adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -8.3 & the greatest daily negative change this year has been -9.6. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -14.1%. This quarter, the largest downswing rally has been 4 days giving a total rally downward movement of -14.1%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.2x. Over the last month the average daily downward movement has been -2.900000%

Saracen Mineral: Camarilla Pivot ($3.307)

Saracen Mineral current pivot point Camarilla is: $3.307. The current resistance levels are: (R1) $3.536: (R2) $3.811: (R3) $4.087: (R4) $4.914The current support levels are: (S1) $2.984: (S2) $2.709: (S3) $2.433: (S4) $1.607

Saracen Mineral: Momentum(14)

[BEARISH]: Saracen Mineral currently has negative momentum of -0.5 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -2.4%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -3.9%.

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