Daily Technical Analysis of 88 Energy Ltd (88E) with Strength & Direction
| Code | Price | Previous Price | Price Change | Latest Volume | 5 Period Avg Volume | | 88E | 1.03 | 1.10 | 6.36 % | 4977 K | 1365 K |
AIO Technical Analysis of 88 Energy Ltd suggests
Bearish Signal
| Type | Strength | Signal | Analysis |
|---|
| OneDay | | Strong Bearish | Latest Tick - Strong price drop supported with good volume. |
| PSAR | | Strong Bearish | Nicely trending downwards |
| MACD | | Bearish | Macd /Signal line bearish crossover and sustaining |
| HighLowBand | | Strong Bearish | Negative Breakout |
| StochRsiSmooth | | Bearish | Stoch RSI is in Text book Oversold level of 20.0 but downtrend seems to be strong. Contrary to theoretical knowledge a long position at this point may be dangerous and further downward momentum is likely |
| MAChannelBand | | Strong Bearish | Negative Breakout |
| BOLLINGER | | Strong Bearish | Negative Breakout |
| HighLowMABand | | Strong Bearish | Negative Breakout |