Macquarie Telecom

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Open/close reversal confirmed for Macquarie Telecom  signalling the sellers have lost control

Open/close reversal confirmed for Macquarie Telecom signalling the sellers have lost control

[BULLISH]: Macquarie Telecom opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 11.1%.

Macquarie Telecom : Momentum(14)

[BULLISH]: Macquarie Telecom currently has positive momentum of 0.09. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.1%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 0%.

Daily trading performance for MAQ has initiated a short term downtrend

Daily trading performance for MAQ has initiated a short term downtrend

[BEARISH]: Macquarie Telecom sellers are keener than buyers and are driving the price down. This is the first day of price decline for MAQ adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.6 & the greatest daily negative change this year has been -5.6. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -8.4%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -3.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -0.100000%

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