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

Mirrabooka
+ Share

[Long]: Limit orders for Mirrabooka should be set at $2.6275
Demarks Pivot Points /
[Long]: Limit orders for Mirrabooka should be set at $2.6275

Mirrabooka has broken the first DeMark resistance point ($2.6275) [Bullish]. Look for a long limit order entry near this point. Exit price for MIR should be set @$2.645 & Stoploss for Mirrabooka should be set at $2.575

DVI: Distribution still active for Mirrabooka
Daily Volume Index /
DVI: Distribution still active for Mirrabooka

[BEARISH]: Mirrabooka current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Rate of Change /
Mirrabooka currently has negative rate of change for -5.776

[BEARISH]: Mirrabooka currently has negative rate of change of -5.8%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Chaikin Money Flow /
Negative divergence for Mirrabooka @ -0.26

[BEARISH]: Mirrabooka current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.26. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.26

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of MIR

MIR: UIX Current Signal -> (1) 20 Feb: Low stress (2) 19 Feb: Low stress (3) 16 Feb: Low stress

Pivot Points /
Stoploss for Mirrabooka should be set between $2.563 & $2.516

Mirrabooka has broken the first resistance point ($2.656) [Bullish]. Look for a long limit order entry near this point. Exit price for MIR should be set @$2.703 & Stoploss for Mirrabooka should be set between $2.563 & $2.516

Oversold signal for the Lower Envelope band is still current for Mirrabooka
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Mirrabooka

[BEARISH]: Mirrabooka current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 2.8140.

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Aroon Oscillator /
MIR: Aroon oscillator has confirmed a strong downtrend @-76

[BEARISH]: Mirrabooka has a current ARO(25) of -76. This has change -24 points from yesterday.

Daily trading for MIR indicated sellers are still in control
Close Tod Vs Range Tod /
Daily trading for MIR indicated sellers are still in control

[BEARISH]: Mirrabooka sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Mirrabooka 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 106 trading days with the closing price in the lower part of the range giving a confirmation ratio of 41.4%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 53.8%. Currently this quarter, closing price has spent 9 days in the lower price range compared to 5 days in the upper range giving a ratio of 1.8x.

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

[BEARISH STRONG]: Mirrabooka opened in the upper part of daily range at 71.4% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 51 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 19.9%. Over the last month there has been 2 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 15.4%.

Williams %R /
William %R Oversold signal is still current for Mirrabooka [Bullish]

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

Volume Rate of Change /
Positive VROC: Volume is higher for Mirrabooka than 14 days ago

[BULLISH]: Mirrabooka currently has positive volume of change of 33%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.1%.

MIR has achieved a higher range ($0.07)
Price Range /
MIR has achieved a higher range ($0.07)

[BULLISH]: Mirrabooka current uptrend in the first timeframe. Currently, the Range is $0.07.

Mirrabooka: Daily volume performance is 152.4 [Uptrend]
Volume /
Mirrabooka: Daily volume performance is 152.4 [Uptrend]

[BULLISH]: Mirrabooka current volume uptrend in the first timeframe. Volume for MIR is107222 (152.4).

Average True Range /
[Uptrend]: Average True Range @0.054 has confirmed an uptrend for MIR

[Bullish]: Average True Range has confirmed an uptrend is present. Mirrabooka has a TR of 0.07, and an ATR(14) of 0.054.

Elders Force Index /
Recent trading highlights continued selling pressure is present for MIR

MIR: Elders Force Index Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: BEARISH (3) 16 Feb: BEARISH CROSSOVER

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Mirrabooka

[BEARISH]: Mirrabooka currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.1%.

Strong opening from MIR has seen an increase of 1.1 % [Uptrend]
Opening Price /
Strong opening from MIR has seen an increase of 1.1 % [Uptrend]

[BULLISH]: Mirrabooka opening price has gapped up. Currently, the OPEN is $2.66 (1.1 %).

MIR Basic Candle: Long Black
Long Black Candle /
MIR Basic Candle: Long Black

[BEARISH]: Mirrabooka has formed a Long Black candlestick. This means, MIR has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

The SWMA trend following signal is now active for Mirrabooka [Bearish]
Sine Weighted Moving Average /
The SWMA trend following signal is now active for Mirrabooka [Bearish]

MIR: SWMA Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BEARISH (3) 16 Feb: BULLISH

Ease of Movement /
Mirrabooka: Ease of Movement(-0.326)

MIR: EOM Current Signal -> (1) 20 Feb: BEARISH HARD (2) 19 Feb: BULLISH HARD (3) 16 Feb: NEUTRAL

High Price /
Mirrabooka: Daily high performance is 0.4 % [Uptrend]

[BULLISH]: Mirrabooka current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

Key Reversal /
A short term Key Reversal has formed with Mirrabooka

[BEARISH]: A short term Key Reversal has formed with Mirrabooka which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 5 occurrences of this bar reversal giving a signal probability of 2%.

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Mirrabooka indicating downward price movement is likely

[BEARISH]: Mirrabooka 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 -1.1%.

Traders are currently Distributing Mirrabooka
On Balance Volume /
Traders are currently Distributing Mirrabooka

[BEARISH]: Mirrabooka current price has highlighted recent distribution. Currently, the OBV is -587388.

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

MIR: LOW Current Signal -> (1) 20 Feb: BEARISH (2) 19 Feb: NEUTRAL (3) 16 Feb: NEUTRAL

Coles Reaction Day /
[Bearish]: A lower low has been achieved for Mirrabooka

Mirrabooka: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for MIR

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