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

Melbourne It
+ Share

The SWMA trend following signal is still current for Melbourne It [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Melbourne It [Bullish]

MLB: SWMA Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Momentum(5) is now decreasing for Melbourne It
Momentum /
Momentum(5) is now decreasing for Melbourne It

[BEARISH CROSSOVER]: Melbourne It currently has negative momentum of -0.01 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.6%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -0.8%%.

Bull Belt-Hold /
Melbourne It: Bull Belt-Hold

[BULLISH]: Melbourne It has formed a new Bull Belt-Hold reversal pattern.

Weighted Moving Average /
Price continues to trade above the Weighted Moving Average(5) for MLB

[BULLISH]: Melbourne It currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.6%.

Range Tod Vs Range Yest /
The biggest price range this month for MLB has been $0.16

MLB: Range today versus range yesterday Recent Trading -> (1) 11 Jan: 6.7% (2) 11 Jan: 0% (3) 11 Jan: 19.4%

Camarilla Pivot Points /
Melbourne It has moved above the R1 Camarilla pivot point ($3.813) [Bullish]

Melbourne It has broken the first Camarilla resistance point ($3.813) [Bullish]. Look for a long limit order entry near this point. Exit price for MLB should be set @$4.106 & Stoploss for Melbourne It should be set between $2.934 & $2.642

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Open Tod Vs Close Tod /
Melbourne It opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 62.5%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Melbourne It opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 62.5%. This suggests the buyers have lost commitment. Over the last 12 months there has been 25 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 9.6%. 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 middle price range giving a confirmation ratio of 12.5%.

Melbourne It has initiated a negative rate of change of -0.283
Rate of Change /
Melbourne It has initiated a negative rate of change of -0.283

[BEARISH CROSSOVER]: Melbourne It currently has negative rate of change of -0.3%. 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

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

Melbourne It Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MLB. Trend continuation possible for MLB from reduced trading activity.

Volume Rate of Change /
Melbourne It: Rate of Change (140)

[BULLISH CROSSOVER]: Melbourne It currently has positive volume of change of 140%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.6%.

Percentage Price /
Melbourne It: Price Percentage Oscillator Crossover

[BEARISH CROSSOVER]: Melbourne It currently has negative PPO 0.000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Accumulation / Distribution /
Accumulation still active for Melbourne It

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

Melbourne It: Average Directional Index (14.55) has confirmed a weak trend is present
Average Directional Movement /
Melbourne It: Average Directional Index (14.55) has confirmed a weak trend is present

[Weak Trend]: ADX for MLB has confirmed a weak trend is presentMelbourne It has an ATR(14) of 0.1, a DX of 6.95 & an ADX(14) of 14.55

Melbourne It: ATR (0.1)
Average True Range /
Melbourne It: ATR (0.1)

[Bullish]: Average True Range has confirmed an uptrend is present. Melbourne It has a TR of 0.08, and an ATR(14) of 0.1.

Opening Price /
Melbourne It opening price of $3.47 (-2.3 %)

[BEARISH]: Melbourne It opening price has gapped down. Currently, the OPEN is $3.47 (-2.3 %).

On Balance Volume /
Recent trading signals Melbourne It is being accumulated

[BULLISH]: Melbourne It current price has highlighted recent accumulation. Currently, the OBV is 1.81417e+006.

Daily Volume Index /
Melbourne It: Current trading activity signals DVI accumulation is present

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

Melbourne It: Daily low price is $3.47 [Lower low]
Low Price /
Melbourne It: Daily low price is $3.47 [Lower low]

[BULLISH]: Melbourne It current downtrend in the first timeframe. Currently, the Low is $3.47 (-0.1 %).

DPO for MLB has confirmed price is now below the displaced moving average
Detrended Price Oscillator /
DPO for MLB has confirmed price is now below the displaced moving average

[BEARISH]: Melbourne It currently has a confirmed downtrend. Price is currently below the displaced moving average for MLBCurrently, the return on DPO20 is 0.6%.

The TMA trend following signal is now active for Melbourne It [Bullish]
Triangular Moving Average /
The TMA trend following signal is now active for Melbourne It [Bullish]

[BEARISH]: Melbourne It 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 0.6%.

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

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

Commodity Channel Index /
Normal trading conditions are continued for Melbourne It

MLB: CCI Current Signal ->(1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: NEUTRAL

Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for MLB

MLB: Chaikin Oscillator Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

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

[BULLISH]: Melbourne It current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.3820.

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

[BULLISH]: Melbourne ItElder Ray Index is signalling a Bullish movementERI is 0.014 indicating bull power. Prices are being driven above the consensus of value for MLB during the last trading session [Buying Pressure]

Melbourne It has moved above the R1 Woodie pivot point ($3.56) [Bullish]
Woodie Pivot Point /
Melbourne It has moved above the R1 Woodie pivot point ($3.56) [Bullish]

Melbourne It has broken the first Woodie resistance point ($3.56) [Bullish]. Look for a long limit order entry near this point. Exit price for MLB should be set @$3.595 & Stoploss for Melbourne It should be set at $3.435

MACD /
Negative momentum on the MACD histogram for MLB has been confirmed & supports a bearish move is likely

[BEARISH CROSSOVER]: Melbourne It currently has negative MACD of -0.016000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.3%.

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