Smartgroup

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Smartgroup continues positive divergence & potential shift in direction

[BULLISH]: Smartgroup current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.17. Smartgroup (ASX:SIQ) received a confirmed CMF crossover days on the Apr 18 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.33 occurring on the Apr 18 2019.

Smartgroup: Camarilla Pivot ($8.483)

Smartgroup current pivot point Camarilla is: $8.483. The current resistance levels are: (R1) $9.157: (R2) $9.864: (R3) $10.571: (R4) $12.692The current support levels are: (S1) $7.743: (S2) $7.036: (S3) $6.329: (S4) $4.209

Open/close reversal: Sellers were in control for all the trading day for SIQ

[BEARISH STRONG]: Smartgroup opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 25%. This suggests the sellers were in control all day. Over the last 12 months there has been 3 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 20%.

Seller commitment has continued for Smartgroup adding strength to an downtrend in the first timeframe

Seller commitment has continued for Smartgroup adding strength to an downtrend in the first timeframe

[BEARISH]: Smartgroup sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Smartgroup 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 26.7%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 2 days in the upper range giving a ratio of 2x.

Smartgroup: 0.618 Fibonacci Retraction (7.15)

Smartgroup: The current Fibonacci Retraction levels are: (23.61%) $8.76: (38.2%) $7.43: (50%) $7.29: (61.8%) $7.15The current support levels are: (78.6%) $6.96: (100%) $6.71: (138.2%) $6.27: (161.8%) $5.99: (261.8%) $4.83: (423.61%) $2.96

Smartgroup: Momentum(14) Crossover

[BEARISH CROSSOVER]: Smartgroup currently has negative momentum of -0.06 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -1.1%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%.

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