There is currently positive divergence on the relative strength indicator (R.S.I.) in relation to the SMN price chart.
On April 4 the R.S.I. was about 31.74 & the share price 66 cents.
Today the R.S.I. is 37.13 & the share price is 66 cents.
That is the type of divergence that you look for to place a buying order. It usually indicates a market reversal.
There is also positive divergence on the stochastic indicators
SMN technical analysis chart, page-14
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Last
59.5¢ |
Change
0.010(1.71%) |
Mkt cap ! $81.72M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.5¢ | 55.5¢ | $30.21K | 53.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1554 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 4999 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |