The 12-month chart of the Australian graphite company EcoGraf (WKN A2PW0M / ASX EGR) shows a slight but steady upward move above the green trend line following the sharp price increase in March 2025. Since December, the share price has been moving between the 100-day and 200-day moving averages and, in recent days, has managed to break back above the 100-day for the first time—so far only intraday.
Both moving averages continue to rise steadily, albeit at a slower pace recently. The medium-term buy signal from the moving averages—the 100-day crossed above the 200-day—remains valid.
A technical buy signal was generated in December by the MACD indicator (blue line crosses above the red line)—and it is still active. The more complex DMI shows a similar picture: a buy signal resulted from the green line crossing above the (still falling) red line. Current trend strength is increasing (blue line is rising).
Including trading volumes, the Money Flow Index shows a recovery from the near-oversold level reached eight weeks ago (30 and below). This positive picture could persist for some time, as an overbought signal would not appear again until values of 80 (March and October).
