ASX 200 Materials

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Open/close reversal: Buyers have taken control during the trading day for XMJ

[BULLISH]: ASX 200 Materials opened in the middle part of daily range at 50.9% & closed in the upper part of the trading range at 88.6%. This suggests the buyers have taken control. Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 6.3%.

The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 3x

[BULLISH]: ASX 200 Materialsbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for XMJ adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.6 & the greatest daily positive change this year has been 888.7. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 892.2%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 892.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 3x. Over the last month the average daily upward movement has been 0.800000%

ASX 200 Materials: Rate of Change (4.741)

[BULLISH]: ASX 200 Materials currently has positive rate of change of 4.741%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

ASX 200 Materials: Camarilla Pivot ($13348.3)

ASX 200 Materials current pivot point Camarilla is: $13348.3. The current resistance levels are: (R1) $14485.6: (R2) $15597.9: (R3) $16710.3: (R4) $20047.4The current support levels are: (S1) $12260.8: (S2) $11148.5: (S3) $10036.1: (S4) $6699.03

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