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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 (20min delay)
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $52.67M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.3¢ | $5.991K | 15.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 27655 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
38.0¢ |
Change
0.005 ( 1.33 %) |
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| Open | High | Low | Volume | ||
| 38.5¢ | 38.5¢ | 38.0¢ | 2625 | ||
| Last updated 14.28pm 10/05/2024 ? | |||||
| SMN (ASX) Chart |