Mineral Resources

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MIN.AX is no longer overbought @ -9

MIN.AX is no longer overbought @ -9

[NEUTRAL]: Mineral Resources current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is -9. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 161.

Mineral Resources: Sellers were in control all day.

[BEARISH STRONG]: Mineral Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 7.7%. This suggests the sellers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 5.6%.

This is the first day of seller commitment for Mineral Resources adding strength to an downtrend in the first timeframe

This is the first day of seller commitment for Mineral Resources adding strength to an downtrend in the first timeframe

[BEARISH]: Mineral Resources sellers in control. This is the first day of seller commitment for Mineral Resources 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 1 trading day with the closing price in the lower part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the lower range giving a confirmation ratio of 5.6%. Currently this quarter, closing price has spent 1 day in the lower price range compared to 4 days in the upper range giving a ratio of 0.3x.

Mineral Resources: CMF(0.14)

[BULLISH]: Mineral Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.14. Mineral Resources (ASX:MIN) received a confirmed CMF crossover days on the May 14 2019. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.2 occurring on the May 14 2019.

The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -17.9%

[BEARISH]: Mineral Resourcessellers are keener than buyers and are driving the price down. This is the first day of price decline for MIN adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -4.7 & the greatest daily negative change this year has been -5.2. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -17.9%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -5.7%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.7x. Over the last month the average daily downward movement has been -1.900000%

[BULLISH]: Mineral Resources currently has positive MACD of 0.0991. This means the signal line is greater than the MACD line signalling a bullish movement.

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