Technical analysis from Mighty River Power (MCY.AX.AX, ASX:MCY.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Mighty River Power
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[Uptrend]: Recent trading for MCY indicates ST trend is likely to continue
Exponential Moving Average /
[Uptrend]: Recent trading for MCY indicates ST trend is likely to continue

[BULLISH]: Mighty River Power 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 1.3%.

Mighty River Power has yet to break the 61.8% retracement level ($2.91) [Bullish]
Fibonacci Retracements /
Mighty River Power has yet to break the 61.8% retracement level ($2.91) [Bullish]

Mighty River Power is still above the 61.8% retracement level ($2.91) [Bullish]. Look for a long limit order entry near this point. Exit price for MCY should be set @$3.95 & Stoploss for Mighty River Power should be set between $3.8

Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down MCY

Mighty River Power Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MCY. Trend continuation possible for MCY from reduced trading activity.

Daily Volume Index /
Traders are currently distributing Mighty River Power

MCY: DVI Recent Trading -> (1) 11 Jan: -5 (2) 11 Jan: 1620 (3) 11 Jan: 14

Low Price /
Strong price performance from MCY has seen a lower low of 0.7 % [Uptrend]

[BEARISH]: Mighty River Power current uptrend in the first timeframe. Currently, the Low is $3.09 (0.7 %).

Volume /
Mighty River Power has failed to achieve a lower volume of 849 (-97.6)

[BEARISH]: Mighty River Power current volume downtrend in the first timeframe. Volume for MCY is849 (-97.6).

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Percentage Price /
Mighty River Power currently has positive PPO 0.400

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

Mighty River Power: Range Performance (-57.1)
Range Tod Vs Range Yest /
Mighty River Power: Range Performance (-57.1)

MCY: Range today versus range yesterday Recent Trading -> (1) 11 Jan: -57.1% (2) 11 Jan: -86.7% (3) 11 Jan: 0%

The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.9x
Close Tod Vs Close Yest /
The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.9x

[BULLISH]: Mighty River Powerbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MCY adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.2 & the greatest daily positive change this year has been 3.2. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 9%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 3.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 2.3%

Medium Trend /
Second timeframe trend of Mighty River Power remains as an Uptrend

[BULLISH]: Mighty River Power has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 11 2017.

Camarilla Pivot Points /
Mighty River Power has moved above the R1 Camarilla pivot point ($3.379) [Bullish]

Mighty River Power current pivot point Camarilla is: $3.11. The current resistance levels are: (R1) $3.379: (R2) $3.638: (R3) $3.898: (R4) $4.675The current support levels are: (S1) $2.861: (S2) $2.602: (S3) $2.343: (S4) $1.565

Elder Ray Index /
Bull power has increased for Mighty River Power signalling bullish conditions are likely

[BEARISH]: Mighty River PowerElder Ray Index is signalling a Bearish movementERI is -0.013 indicating bear power. Prices are being driven below the consensus of value for MCY during the last trading session [Selling Pressure]

Ulcer index has fallen as the price rises for Mighty River Power
Ulcer Index /
Ulcer index has fallen as the price rises for Mighty River Power

[BEARISH]: Mighty River Power UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.521.

Volume MACD oscillator is now positive for MCY
MACD Volume /
Volume MACD oscillator is now positive for MCY

[BULLISH CROSSOVER]: Mighty River Power currently has positive Volume MACD of 2637. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Close Tod Vs Range Tod /
MCY: Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%.

[BULLISH]: Mighty River Power buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Mighty River Power adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 80 trading days with the closing price in the upper part of the range giving a confirmation ratio of 30.7%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 7 days in the lower range giving a ratio of 1.1x.

High Price /
[Bearish]: Lower high has formed for MCY by -0.6 % during the last trading session

[BEARISH]: Mighty River Power current downtrend in the first timeframe. Currently, the HIGH is -0.6 %.

Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Mighty River Power

[BULLISH]: Mighty River Power 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 1.3%.

Positive momentum on the MACD histogram for MCY is maintained & supports a bullish move is likely
MACD /
Positive momentum on the MACD histogram for MCY is maintained & supports a bullish move is likely

[BULLISH]: Mighty River Power currently has positive MACD of 0.002000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.7%.

[Long]: Exit price for MCY should be set @$3.142
Woodie Pivot Point /
[Long]: Exit price for MCY should be set @$3.142

Mighty River Power has broken the first Woodie resistance point ($3.134) [Bullish]. Look for a long limit order entry near this point. Exit price for MCY should be set @$3.142 & Stoploss for Mighty River Power should be set at $3.082

Strong opening from MCY has seen an increase of -0.3 % [Uptrend]
Opening Price /
Strong opening from MCY has seen an increase of -0.3 % [Uptrend]

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

Momentum /
Momentum continues to reduce for Mighty River Power signalling a short term downtrend is likely

[BEARISH]: Mighty River Power currently has negative momentum of -0.08 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 1.3%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -3.8%%.

Detrended Price Oscillator /
Mighty River Power: Detrended Price Oscillator(20) is 0.0535

[BULLISH]: Mighty River Power currently has a confirmed uptrend. Price is currently above the displaced moving average for MCYCurrently, the return on DPO20 is 1.3%.

Average True Range /
Mighty River Power: Average True Range (0.071) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Mighty River Power has a TR of 0.04, and an ATR(14) of 0.071.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for MCY

[BULLISH]: Mighty River Power has a current ARU(25) of 80 and a current ARD(25) of 56

Distribution signal for Mighty River Power is confirmed
Accumulation / Distribution /
Distribution signal for Mighty River Power is confirmed

[BEARISH CROSSOVER]: Mighty River Power current price has highlighted the commencement of distribution and the start of bearish trading conditions.

MCY Basic Candle: Short White
Short White Candle /
MCY Basic Candle: Short White

[BULLISH WEAK]: Mighty River Power has formed a Short White candlestick. This means, MCY has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Mighty River Power [Bullish]

[BEARISH]: Mighty River Power current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 3.2340.

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