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

Mcphersons
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Closing price for MCP is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for MCP is still below the lower envelope signalling a bullish movement

[BULLISH]: Mcphersons current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.0640.

Limit order for a short position has been identified for Mcphersons [Bearish]
Demarks Pivot Points /
Limit order for a short position has been identified for Mcphersons [Bearish]

Mcphersons has broken the first DeMark support point ($1.1455) [Bearish]. Look for a short limit order entry near this point. Exit price for MCP should be set @$1.144 & short position stoploss for Mcphersons should be set at $1.146

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

[BULLISH]: Mcphersons 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 -0.9%.

Sine Weighted Moving Average /
Mcphersons is in a short term uptrend with the closing price @$1.145

[BULLISH]: Mcphersons 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 -0.9%.

Ulcer Index /
Ulcer index has fallen as the price rises for Mcphersons

[BEARISH]: Mcphersons UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.237.

Closing Price /
Weaker price performance from MCP has seen a lower close of -0.9 % [Downtrend]

[BEARISH]: Mcphersons current downtrend in the first timeframe. Currently, the Close is $1.145.

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Low Price /
Mcphersons: Daily low price is $1.145 [Lower Low]

MCP: LOW Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: BULLISH (3) 09 Jan: BEARISH

Price dipped from high volume trading for Mcphersons during last trading session
Ease of Movement /
Price dipped from high volume trading for Mcphersons during last trading session

MCP: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BEARISH EASY (3) 11 Jan: NEUTRAL

Price percentage oscillator: Upward momentum is still present for Mcphersons
Percentage Price /
Price percentage oscillator: Upward momentum is still present for Mcphersons

[BULLISH]: Mcphersons currently has positive PPO 0.400%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Triangular Moving Average /
The TMA trend following signal is still current for Mcphersons [Bullish]

[BULLISH]: Mcphersons 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 -0.9%.

Momentum /
Mcphersons: Momentum(5) Crossover

[BEARISH CROSSOVER]: Mcphersons currently has negative momentum of -0.005 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.9%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -1.3%%.

Percentage Volume /
Volume is still below the short term EMA for MCP [Bearish]

[BEARISH]: Mcphersons currently has negative PVO -38.5%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.9%.

The MFI for MCP has returned to stable trading conditions
Money Flow Index /
The MFI for MCP has returned to stable trading conditions

MCP: MFI Current Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSUNDER

Seller commitment has continued for Mcphersons adding strength to an downtrend in the first timeframe
Close Tod Vs Range Tod /
Seller commitment has continued for Mcphersons adding strength to an downtrend in the first timeframe

[BEARISH]: Mcphersons sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Mcphersons adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 92 trading days with the closing price in the lower part of the range giving a confirmation ratio of 35.2%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Open Tod Vs Close Tod /
Mcphersons: Buyers have lost control.

[BEARISH]: Mcphersons opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 26 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 10%. 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 lower price range giving a confirmation ratio of 12.5%.

Daily Volume Index /
MCP: Current trading activity signals DVI accumulation is active

[BULLISH]: Mcphersons current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Relative Strength Index /
Relative Strength overbought signal had been cancelled for Mcphersons

MCP: RSI Current Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSUNDER

Mcphersons has maintained the 2nd timeframe trend [Uptrend]
Medium Trend /
Mcphersons has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Mcphersons has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 29 2017.

Recent trading for Mcphersons fell short of the previous high by -1.1 %
High Price /
Recent trading for Mcphersons fell short of the previous high by -1.1 %

[BEARISH]: Mcphersons current downtrend in the first timeframe. Currently, the HIGH is -1.1 %.

Mcphersons: Share price fall (-0.9% signals sellers are now keener than buyers
Close Tod Vs Close Yest /
Mcphersons: Share price fall (-0.9% signals sellers are now keener than buyers

[BEARISH]: Mcphersonssellers are keener than buyers and are driving the price down. This is the first day of price decline for MCP adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.3 & the greatest daily negative change this year has been -1.3. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -12.2%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -1.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1%

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (15.25) for Mcphersons

[Weak Trend]: ADX for MCP has confirmed a weak trend is presentMcphersons has an ATR(14) of 0.032, a DX of 6.9 & an ADX(14) of 15.25

Volume /
Recent trading for Mcphersons fell short of the previous volume by -48.4

MCP: VOLUME Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BEARISH (3) 09 Jan: BULLISH

MACD Volume /
Mcphersons: Volume MACD oscillator (-4242)

[BEARISH CROSSOVER]: Mcphersons currently has negative Volume MACD of -4242. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Williams %R /
Mcphersons is no longer overbought and normal trading conditions are resumed

MCP: William %R Current Signal -> (1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

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

[BULLISH]: McphersonsElder Ray Index is signalling a Bullish movementERI is 0.009 indicating bull power. Prices are being driven above the consensus of value for MCP during the last trading session [Buying Pressure]

Woodie pivot point for MCP is bearish. Stoploss should be positioned @$1.147
Woodie Pivot Point /
Woodie pivot point for MCP is bearish. Stoploss should be positioned @$1.147

Mcphersons current pivot point (Woodie) is: $1.145. The current resistance levels are: (R1) $1.145: (R2) $1.147The current support levels are: (S1) $1.143: (S2) $1.143

Pivot Points /
Mcphersons has moved below the S1 pivot point ($1.145) [Bearish]

Mcphersons has broken the first support point ($1.145) [Bearish]. Look for a short limit order entry near this point. Exit price for MCP should be set @$1.144 & short position stoploss for Mcphersons should be set between $1.148 & $1.149

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