Technical analysis from ASX Midcap50 (AXMD) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

ASX Midcap50
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ASX Midcap50: Closing price $6402.9 is above the TMA(5) @$6240.76
Triangular Moving Average /
ASX Midcap50: Closing price $6402.9 is above the TMA(5) @$6240.76

[BULLISH]: ASX Midcap50 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%.

AXMD: Medium term trend is still an Uptrend
Medium Trend /
AXMD: Medium term trend is still an Uptrend

[BULLISH]: ASX Midcap50 is in an uptrend in the medium term timeframe. The current rally number is 12 & the highest rally count for the LTM is 12. The highest rally for the month is 12

Detrended Price Oscillator /
Bullish trading conditions for ASX Midcap50 has been signalled from the DPO (270.02)

[BULLISH]: ASX Midcap50 currently has a confirmed uptrend. Price is currently above the displaced moving average for AXMDCurrently, the return on DPO20 is 1%.

Relative Strength Index /
Relative Strength Index for AXMD has crossed below the overbought limit triggering a neutral signal

[BEARISH]: ASX Midcap50 is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @87.1937

Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (56) for ASX Midcap50

[BULLISH]: ASX Midcap50 has a current ARO(25) of 56. This has change 4 points from yesterday.

Stochastic Oscillator /
Stochastic Oscillator for AXMD has crossed below the overbought limit triggering a neutral signal

AXMD: Stochastic Oscillator Signal -> (1) 17 Oct: BEARISH (2) 16 Oct: BEARISH (3) 13 Oct: BEARISH

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Rate of Change /
Positive ROC for ASX Midcap50 is a leading indicator for continued price rise

AXMD: ROC Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH (3) 13 Oct: BULLISH

ASX Midcap50 is still oversold with the Lower Envelope Band @$5887.3875
Moving Average Envelope /
ASX Midcap50 is still oversold with the Lower Envelope Band @$5887.3875

[BULLISH]: ASX Midcap50 current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 5887.3875.

ASX Midcap50 has broken the first DeMark resistance point ($6389.55) [Bullish]
Demarks Pivot Points /
ASX Midcap50 has broken the first DeMark resistance point ($6389.55) [Bullish]

ASX Midcap50 has broken the first DeMark resistance point ($6389.55) [Bullish]. Look for a long limit order entry near this point. Exit price for AXMD should be set @$6439.2 & Stoploss for ASX Midcap50 should be set at $6371.4

Momentum /
ASX Midcap50: Momentum(5)

[BULLISH]: ASX Midcap50 currently has positive momentum of 217.1. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1%. The largest upward momentum rally for the last 3 months is 14 days producing a return of 4.7%%.

Average Directional Movement /
[Strong Trend]: Average Directional Index (33.53) strong trend has been confirmed for AXMD

[Trend]: ADX for AXMD has confirmed a strong trend is presentASX Midcap50 has an ATR(14) of 45.719, a DX of 62 & an ADX(14) of 33.53

Simple Moving Average /
ASX Midcap50 is in a short term uptrend with the closing price @$6402.9

[BEARISH]: ASX Midcap50 currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1%.

Daily trading performance for AXMD has continued a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for AXMD has continued a short term uptrend

AXMD: Recent Performance ->(1) 17 Oct: 1% (2) 16 Oct: 0.5% (3) 13 Oct: 0.4%

AXMD has achieved a new high of $6407.7 (0.8 %)
High Price /
AXMD has achieved a new high of $6407.7 (0.8 %)

[BULLISH]: ASX Midcap50 current uptrend in the first timeframe. Currently, the HIGH is 0.8 %.

Closing Price /
ASX Midcap50: Daily performance is 1 % [Uptrend]

[BULLISH]: ASX Midcap50 current uptrend in the first timeframe. Currently, the Close is $6402.9.

Low Price /
[Bullish]: New low has formed for AXMD by 0.5 % during the last trading session

[BEARISH]: ASX Midcap50 current uptrend in the first timeframe. Currently, the Low is $6339.9 (0.5 %).

Percentage Price /
Price percentage oscillator has positive momentum signalling a continuation of the upward price rise for AXMD

AXMD: PPO Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH (3) 13 Oct: BULLISH

AXMD Basic Candle: White Opening Marubozu
White Opening Marubozu /
AXMD Basic Candle: White Opening Marubozu

[BULLISH]: ASX Midcap50 has formed a White Opening Marubozu candlestick. This means, AXMD has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

ASX Midcap50: Bear Harami
Bear Harami /
ASX Midcap50: Bear Harami

[BEARISH]: ASX Midcap50 has formed a new Bear Harami reversal pattern.

ASX Midcap50: William %R -1.5 is below the overbought limit (-1.5)
Williams %R /
ASX Midcap50: William %R -1.5 is below the overbought limit (-1.5)

[BULLISH]: ASX Midcap50 is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Average True Range /
Daily trading has confirmed an ATR uptrend (45.719) for ASX Midcap50

[Bullish]: Average True Range has confirmed an uptrend is present. ASX Midcap50 has a TR of 67.8, and an ATR(14) of 45.719.

Short Trend /
First timeframe trend of ASX Midcap50 remains as an Uptrend

[BULLISH]: ASX Midcap50 is in an uptrend in the short term timeframe. The current rally number is 5 & the highest rally count for the LTM is 5

MACD /
MACD for ASX Midcap50 continues to gain momentum @36.034000

[BULLISH]: ASX Midcap50 currently has positive MACD of 36.034000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 4.3%.

White Soldiers /
ASX Midcap50: Advancing White Soldiers

[BULLISH]: ASX Midcap50 has formed a new Advancing White Soldiers pattern.

The SWMA trend following signal is still current for ASX Midcap50 [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for ASX Midcap50 [Bullish]

AXMD: SWMA Recent Trading -> (1) 17 Oct: 6312.630 (2) 16 Oct: 6272.048 (3) 13 Oct: 6238.058

Price continues to trade above the Exponential Moving Average(5) for AXMD
Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for AXMD

[BULLISH]: ASX Midcap50 currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1%.

Bollinger Bands /
ASX Midcap50 is no longer overbought and normal trading conditions are resumed

AXMD: Bollinger Bands Current Signal -> (1) 17 Oct: BEARISH (2) 16 Oct: BEARISH (3) 13 Oct: BEARISH

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