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

Mineral Resources
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Price is now trading below the Weighted Moving Average(5) for MIN
Weighted Moving Average /
Price is now trading below the Weighted Moving Average(5) for MIN

[BEARISH]: Mineral Resources currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -4.4%.

Mineral Resources currently has negative momentum of -1.14
Momentum /
Mineral Resources currently has negative momentum of -1.14

[BEARISH]: Mineral Resources currently has negative momentum of -1.14 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -4.4%.The largest downward momentum rally for the last 3 months is 8 days producing a return of -6.4%.

Moving Average Envelope /
Oversold signal continues for Mineral Resources indicating upward price movement is likely

[BULLISH]: Mineral Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 17.2425.

Pivot Reversal /
A short term Pivot Reversal has formed with Mineral Resources

[BEARISH]: A short term Pivot Reversal has formed with Mineral Resources which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 16 occurrences of this bar reversal giving a signal probability of 6.1%.

High Price /
Mineral Resources: Daily high price is $16.6 [Lower High]

MIN: HIGH Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: BULLISH (3) 15 Jun: BULLISH

Daily Volume Index /
Market conditions are indicating DVI distribution is current for MIN

[BEARISH]: Mineral Resources current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -7256.

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Exponential Moving Average /
Mineral Resources is in a short term downtrend with the closing price @$16.15

[BEARISH]: Mineral Resources currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -4.4%.

low for MIN has not surpassed the low of the previous trading session
Low Price /
low for MIN has not surpassed the low of the previous trading session

[BULLISH]: Mineral Resources current downtrend in the first timeframe. Currently, the Low is $15.99 (-2.7 %).

MIN: Price has moved below the SMA(5) @$16.638
Simple Moving Average /
MIN: Price has moved below the SMA(5) @$16.638

[BEARISH]: Mineral Resources currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -4.4%.

Percentage Volume /
MIN: Percentage Volume Oscillator [Bullish]

[BULLISH]: Mineral Resources currently has positive PVO 21.32%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -6.4%.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for MIN

[BEARISH]: Mineral Resources has a current ARO(25) of -88. This has change -16 points from yesterday.

Detrended Price Oscillator /
Mineral Resources: Detrended Price Oscillator(20) (-2.828)

MIN: DPO Current Signal -> (1) 19 Jun: BEARISH (2) 18 Jun: BEARISH (3) 15 Jun: BEARISH

Market conditions are indicating OBV distribution is current for MIN
On Balance Volume /
Market conditions are indicating OBV distribution is current for MIN

[BEARISH]: Mineral Resources current price has highlighted recent distribution. Currently, the OBV is -7.65014e+006.

Price continues to trade below the Triangular Moving Average(5) for MIN
Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for MIN

MIN: TMA Recent Trading -> (1) 19 Jun: 17.2440 (2) 18 Jun: 17.5890 (3) 15 Jun: 17.9450

Medium Trend /
Mineral Resources has initiated a 2nd timeframe trend [Downtrend]

[BEARISH]: Mineral Resources has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jun 18 2018.

Ulcer Index /
Mineral Resources: Ulcer Index (9.288)

[BULLISH]: Mineral Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 9.288.

Volume Rate of Change /
Volume rate of change(14) is now increasing for Mineral Resources

[BULLISH CROSSOVER]: Mineral Resources currently has positive volume of change of 144%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -4.4%.

MIN Basic Candle: Black
Black Candle /
MIN Basic Candle: Black

[BEARISH]: Mineral Resources has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Mineral Resources has moved below the S1 Woodie pivot point ($15.846) [Bearish]
Woodie Pivot Point /
Mineral Resources has moved below the S1 Woodie pivot point ($15.846) [Bearish]

Mineral Resources has broken the first Woodie support point ($15.846) [Bearish]. Look for a short limit order entry near this point. Exit price for MIN should be set @$15.613 & short position stoploss for Mineral Resources should be set at $16.833

Mineral Resources: Price Percentage Oscillator
Percentage Price /
Mineral Resources: Price Percentage Oscillator

[BEARISH]: Mineral Resources currently has negative PPO -2.897%. This means the current price is losing momentum through a fall on the short term exponential moving average.

MACD Volume /
Mineral Resources: Volume MACD oscillator (198768)

[BULLISH]: Mineral Resources currently has positive Volume MACD of 198768. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Close Tod Vs Close Yest /
The loss ratio for price fall in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x

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

Chaikin Money Flow /
CMF has negative divergence between price and volume

[BEARISH]: Mineral Resources current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.12. MIN received a confirmed CMF crossover days on the May 28 2018. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.22 occurring on the May 28 2018.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for MIN has moved to the upper limit. Stoploss should be positioned @$0.77

Mineral Resources has moved above the 161.8% level ($0.65) [Bearish]. Look for a short limit order entry near this point. Exit price for MIN should be set @$0.54 & short position stoploss for Mineral Resources should be set at $0.77

Contracting price range for MIN signalling sellers are now less eager
Range Tod Vs Range Yest /
Contracting price range for MIN signalling sellers are now less eager

[WEAK BULLISH]: Mineral Resources sellers are becoming less eager. This is the first day sellers have decreased eagerness for MIN reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $3.4100 & the greatest daily price range this year has been $6.1500. The price range ratio this week versus the quarterly price range is 0.4x & the price range ratio this month versus the year to date price range is 0.6x.

ROC continues to fall for Mineral Resources signalling an downtrend will persist
Rate of Change /
ROC continues to fall for Mineral Resources signalling an downtrend will persist

MIN: ROC Recent Trading -> (1) 19 Jun: -10.228 (2) 18 Jun: -4.304 (3) 15 Jun: -5.503

Open Tod Vs Close Tod /
Mineral Resources: Sellers were in control all day.

[BEARISH STRONG]: Mineral Resources opened in the upper part of daily range at 67.2% & closed in the lower part of the trading range at 26.2%. This suggests the sellers were in control all day. Over the last 12 months there has been 57 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 21.7%. Over the last month there has been 4 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 33.3%.

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