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Expanding price range for NZR signalling buyers are now becoming more eager
Range Tod Vs Range Yest /
Expanding price range for NZR signalling buyers are now becoming more eager

[BULLISH]: NZ Refiningbuyers are increasingly eager. This is the first day buyers have increased eagerness for NZR adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.11. & the greatest daily price range this year has been $0.61. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.2x.

Closing price ($2.53) for NZR is still below the Lower Envelope Band
Moving Average Envelope /
Closing price ($2.53) for NZR is still below the Lower Envelope Band

[BULLISH]: NZ Refining current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.3940.

VALUE /
The current EPS ratio of NZ Refining is 0.22

NZ Refining Key financial metrics: (1) EPS: $0.22 (2) P/E Ratio: 16.75

Stochastic Oscillator /
NZ Refining is no longer oversold and normal trading conditions are resumed

NZR: Stochastic Oscillator Signal -> (1) 20 Oct: BULLISH CROSSUNDER (2) 19 Oct: BULLISH (3) 18 Oct: BEARISH CROSSUNDER

Open Tod Vs Close Tod /
NZ Refining opened in the middle part of daily range at 33.3% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control.

[BULLISH]: NZ Refining opened in the middle part of daily range at 33.3% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 25 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 9.5%. Over the last month there has been 4 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 26.7%.

GROWTH /
The current book value of NZ Refining is $2.41

NZ Refining Key financial metrics: (1) Book Value: $2.41 (2) Market-to-Book ratio: 1.04 (3) PEG Ratio: 16.75

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White Candle /
NZR Basic Candle: White

[BULLISH]: NZ Refining has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Bill Williams Market Facilitation /
Market movement acceleration likely for NZR as a result of Green Day

NZ Refining Currently is a confirmed Green Day. Both MFI & volume are down for NZR. Trend continuation likely for NZR from increased trading activity.

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The daily battle of control for NZ Refining was won by the buyers
Close Tod Vs Range Tod /
The daily battle of control for NZ Refining was won by the buyers

[BULLISH]: NZ Refining buyers are in control at the market close. This is the first day of buyer commitment for NZ Refining adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 239 trading days with the closing price in the upper part of the range giving a confirmation ratio of 90.9%. Over the last month there has been 7 trading days with the closing price in the upper range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 7 days in the upper price range compared to 5 days in the lower range giving a ratio of 1.4x.

NZ Refining: Bullish relationship forming between price & volume
Chaikin Money Flow /
NZ Refining: Bullish relationship forming between price & volume

[BULLISH]: NZ Refining current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.53. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.53

Close Tod Vs Close Yest /
This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 2.8%

NZR: Recent performance signals ->(1) 20 Oct: BULLISH (2) 19 Oct: NEUTRAL (3) 18 Oct: NEUTRAL

Fibonacci Extensions /
NZ Refining has broken below the 161.8% extension level ($7550.59) [Bullish]

NZ Refining has moved below the 161.8% level ($7550.59) [Bullish]. Look for a long limit order entry near this point. Exit price for NZR should be set @$7916.28 & Stoploss for NZ Refining should be set at $7184.9

Demarks Pivot Points /
NZ Refining has moved above the R1 DeMark pivot point ($2.5225) [Bullish]

NZ Refining has broken the first DeMark resistance point ($2.5225) [Bullish]. Look for a long limit order entry near this point. Exit price for NZR should be set @$2.545 & Stoploss for NZ Refining should be set at $2.515

[Bullish]: TMA(5) is serving as a support line for NZ Refining
Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for NZ Refining

[BULLISH]: NZ Refining currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.2%.

Pivot Points /
NZ Refining has moved above the R1 pivot point ($2.54) [Bullish]

NZ Refining current pivot point is: 2.52. The current resistance levels are: (R1) $2.54: (R2) $2.55: (R3) $2.57: The current support levels are: (S1) $2.51: (S2) $2.49: (S3) $2.48

MACD Volume /
NZ Refining: Volume MACD oscillator (-22257)

NZR: Volume MACD Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Exponential Moving Average /
The EMA trend following signal is now active for NZ Refining [Bullish]

NZR: EMA(5) Recent Trading -> (1) 20 Oct: 2.51832 (2) 19 Oct: 2.51248 (3) 18 Oct: 2.51873

[Low Stress]: Low drawdown associated with recent trading of NZR
Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of NZR

[BEARISH]: NZ Refining UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.823.

[Bull Power]: ERI has increased for NZ Refining during the last trading session
Elder Ray Index /
[Bull Power]: ERI has increased for NZ Refining during the last trading session

[BULLISH]: NZ RefiningElder Ray Index is signalling a Bullish movementERI is 0.011 indicating bull power. Prices are being driven above the consensus of value for NZR during the last trading session [Buying Pressure]

NZ Refining: Daily opening price is $2.51
Opening Price /
NZ Refining: Daily opening price is $2.51

[BULLISH]: NZ Refining opening price has gapped up. Currently, the OPEN is $2.51 (0.4 %).

Closing Price /
NZ Refining: Daily performance is 1.2 % [Uptrend]

[BULLISH]: NZ Refining current uptrend in the first timeframe. Currently, the Close is $2.53.

Low Price /
NZ Refining has reached a new low of $2.5 (0 %)

NZR: LOW Recent Trading -> (1) 20 Oct: 2.5 (2) 19 Oct: 2.5 (3) 18 Oct: 2.5

Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for NZ Refining

[BULLISH]: NZ Refining currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 1.2%.

On Balance Volume /
OBV: Accumulation still active for NZ Refining

NZR: OBV Recent Trading ->(1) 20 Oct: 998175 (2) 19 Oct: 893123 (3) 18 Oct: 893123

[Bullish]: NZ Refining has beaten previous trading range
Price Range /
[Bullish]: NZ Refining has beaten previous trading range

[BULLISH]: NZ Refining current uptrend in the first timeframe. Currently, the Range is $0.03.

Rate of change continues to build for NZ Refining signalling a short term downtrend is likely
Rate of Change /
Rate of change continues to build for NZ Refining signalling a short term downtrend is likely

NZR: ROC Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH CROSSOVER (3) 18 Oct: BEARISH CROSSOVER

Medium Trend /
[Downtrend]: The second timeframe trend has continued for NZR

[BEARISH]: NZ Refining is in an downtrend in the medium term timeframe. The current rally number is 26 & the highest rally count for the LTM is 26. The highest rally for the month is 15

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