Technical analysis from Macquarie Telecom (MAQ.AX, ASX:MAQ.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Macquarie Telecom
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MAQ: Average Directional Index has confirmed a weak trend @24.2
Average Directional Movement /
MAQ: Average Directional Index has confirmed a weak trend @24.2

[Weak Trend]: ADX for MAQ has confirmed a weak trend is present. Macquarie Telecom has an ATR(14) of 0.29, a DX of 23.13 & an ADX(14) of 24.2

Recent trading for Macquarie Telecom  fell short of the previous price range ($0.1)
Price Range /
Recent trading for Macquarie Telecom fell short of the previous price range ($0.1)

[BEARISH]: Macquarie Telecom current downtrend in the first timeframe. Currently, the Range is $0.1.

On Balance Volume /
OBV: Accumulation still active for Macquarie Telecom

[BULLISH]: Macquarie Telecom current price has highlighted recent accumulation. Currently, the OBV is 31514.

Open Tod Vs Close Tod /
Macquarie Telecom : Buyers were in control all day.

[BULLISH STRONG]: Macquarie Telecom opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 29 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 11%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 8.3%.

Rate of Change /
14-day rate of change is increasing for Macquarie Telecom

[BULLISH]: Macquarie Telecom currently has positive rate of change of 7.487%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Close Tod Vs Range Tod /
This is the first day of buyer commitment for Macquarie Telecom adding strength to an uptrend in the first timeframe

MAQ: Close versus price range Current Signal ->(1) 19 Jun: BULLISH (2) 18 Jun: NEUTRAL (3) 15 Jun: BEARISH

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Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Macquarie Telecom & are driving the price up.

MAQ: Recent performance signals ->(1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: NEUTRAL

MACD oscillator remains positive for MAQ
MACD /
MACD oscillator remains positive for MAQ

MAQ: MACD Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH CROSSOVER (3) 15 Jun: BULLISH CROSSOVER

Buying pressure for MAQ highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for MAQ highlights ability of buyers to drive the price upwards

MAQ: Elder Ray Index Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Momentum /
Macquarie Telecom currently has positive momentum of 1.2

[BULLISH]: Macquarie Telecom currently has positive momentum of 1.2. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.5%. The largest upward momentum rally for the last 3 months is 9 days producing a return of 7.4%.

Chaikin Money Flow /
Macquarie Telecom continues positive divergence & potential shift in direction

MAQ: Chaikin Oscillator Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH CROSSOVER

Moving Average Envelope /
Upper envelopes overbought signal had been maintained for Macquarie Telecom

[BEARISH]: Macquarie Telecom current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 20.013.

Recent trading for MAQ has beaten the previous high by 0.1 % [Uptrend]
High Price /
Recent trading for MAQ has beaten the previous high by 0.1 % [Uptrend]

[BULLISH]: Macquarie Telecom current uptrend in the first timeframe. Currently, the HIGH is 0.1 %.

Stochastic Oscillator (86.7) for MAQ is still above the Overbought limit
Stochastic Oscillator /
Stochastic Oscillator (86.7) for MAQ is still above the Overbought limit

[BEARISH]: Macquarie Telecom is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Macquarie Telecom

[BULLISH]: Macquarie Telecom currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.5%.

Commodity Channel Index /
Macquarie Telecom : The CCI overbought signal has been confirmed

[BEARISH]: Macquarie Telecom current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 155. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 400.

Demarks Pivot Points /
Macquarie Telecom has moved above the R1 DeMark pivot point ($20.075) [Bullish]

Macquarie Telecom has broken the first DeMark resistance point ($20.0750) [Bullish]. Look for a long limit order entry near this point. Exit price for MAQ should be set @$20.15 & Stoploss for Macquarie Telecom should be set at $20.05

Macquarie Telecom : Detrended Price Oscillator(20) is 1.4215
Detrended Price Oscillator /
Macquarie Telecom : Detrended Price Oscillator(20) is 1.4215

[BULLISH]: Macquarie Telecom currently has a confirmed uptrend. Price is currently above the displaced moving average for MAQ. Currently, the return on DPO20 is 0.5%.

The EMA trend following signal is still current for Macquarie Telecom  [Bullish]
Exponential Moving Average /
The EMA trend following signal is still current for Macquarie Telecom [Bullish]

[BULLISH]: Macquarie Telecom 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 0.5%.

The daily range for Macquarie Telecom  has achieved a higher high [Bullish]
Coles Reaction Day /
The daily range for Macquarie Telecom has achieved a higher high [Bullish]

MAQ: CRD Current Signal -> (1) 19 Jun: BULLISH (2) 18 Jun: NEUTRAL (3) 15 Jun: NEUTRAL

Ease of Movement /
Macquarie Telecom Ease of Movement is 330.868 [Easily Moved]

MAQ: EOM Recent Trading -> (1) 19 Jun: 330.868 (2) 18 Jun: -2470.7 (3) 15 Jun: -684.42

Percentage Volume /
Macquarie Telecom : Percentage Volume Oscillator @21.1 [Bullish]

[BULLISH]: Macquarie Telecom currently has positive PVO 21.1%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 7.3%.

Percentage Price /
The current price is still gaining momentum through a rise for MAQ on the short term EMA.

[BULLISH]: Macquarie Telecom currently has positive PPO 1.837%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Closing Price /
MAQ: Closing price of $20.1 (0.5 %)

[BULLISH]: Macquarie Telecom current uptrend in the first timeframe. Currently, the Close is $20.1.

Macquarie Telecom : 2nd timeframe trend Uptrend remains intact
Medium Trend /
Macquarie Telecom : 2nd timeframe trend Uptrend remains intact

[BULLISH]: Macquarie Telecom has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 18 2018.

Macquarie Telecom : Range Performance (-56.5)
Range Tod Vs Range Yest /
Macquarie Telecom : Range Performance (-56.5)

[WEAK BEARISH]: Macquarie Telecom buyers are becoming less eager.There has been 2 consecutive days of range decrease for MAQ reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $2.1200 & the greatest daily price range this year has been $5.7000. The price range ratio this week versus the quarterly price range is 0.1x & the price range ratio this month versus the year to date price range is 0.4000000000000000000x.

Fibonacci Fans /
Macquarie Telecom has broken below the 61.8% retracement fan level ($30.43) [Bearish]

Macquarie Telecom : The current Fibonacci Fan levels are: (23.61%) $26.49: (38.2%) $23.05: (50%) $22.71: (61.8%) $22.35The current support levels are: (78.6%) $21.84: (100%) $21.2: (138.2%) $20.05: (161.8%) $19.35: (261.8%) $16.35: (423.61%) $11.49

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