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

[Bearish]: Melbourne It has failed to beat previous close by -1.4 %
Closing Price /
[Bearish]: Melbourne It has failed to beat previous close by -1.4 %

[BEARISH]: Melbourne It current downtrend in the first timeframe. Currently, the Close is $3.4600.

Distribution still active for Melbourne It
Accumulation / Distribution /
Distribution still active for Melbourne It

[BEARISH]: Melbourne It current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -862048.0000. day.

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

MLB: MACD Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

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

[BEARISH]: Melbourne It currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -1.4%.

Commodity Channel Index /
Normal trading conditions are continued for MLB

[NEUTRAL]: Melbourne It current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 7.0000. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 234.

Percentage Price /
Melbourne It currently has positive PPO 1.7000

[BULLISH]: Melbourne It currently has positive PPO 1.7000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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Range Tod Vs Range Yest /
Sellers are now less eager for Melbourne It given the price range is contracting

[WEAK BULLISH]: Melbourne Itsellers are becoming less eager. This is the first day sellers have decreased eagerness for MLB reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.47 & the greatest daily price range this year has been $1.02. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.5x.

[Bullish]: Melbourne It has opened -5.1000000000000000 % stronger
Opening Price /
[Bullish]: Melbourne It has opened -5.1000000000000000 % stronger

MLB: OPEN Recent Trading -> (1) 20 Apr: 3.51 (2) 19 Apr: 3.7 (3) 18 Apr: 3.6

Melbourne It: Stoploss for short position should be set between $3.4475 & $3.4850
Demarks Pivot Points /
Melbourne It: Stoploss for short position should be set between $3.4475 & $3.4850

Melbourne It has broken the first DeMark support point ($3.4475) [Bearish]. Look for a short limit order entry near this point. Exit price for MLB should be set @$3.3850 & short position stoploss for Melbourne It should be set at $3.4850

Bill Williams Market Facilitation /
Melbourne It: Bill Williams Profanity (Fake Day)

MLB: BWMF Current Signal -> (1) 20 Apr: Fake Day (2) 19 Apr: Fake Day (3) 18 Apr: Squat Day

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Melbourne It

[BEARISH]: Melbourne It UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.4720.

On Balance Volume /
Melbourne It: Current trading activity signals OBV accumulation is present

[BULLISH]: Melbourne It current price has highlighted recent accumulation. Currently, the OBV is 1724607.0000.

Melbourne It: Over the last 12 months there has been 30 trading days giving a confirmation ratio of 11.4%.
Open Tod Vs Close Tod /
Melbourne It: Over the last 12 months there has been 30 trading days giving a confirmation ratio of 11.4%.

[BEARISH WEAK]: Melbourne It opened in the upper part of daily range at 100.000000000000000% & closed in the middle part of the trading range at 50.000000000000000%. This suggests the sellers have lost commitment. Over the last 12 months there has been 30 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 11.4%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 20%.

Oversold signal continues for Melbourne It indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Melbourne It indicating upward price movement is likely

[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 3.2680.

Medium Trend /
Second timeframe trend of Melbourne It remains as an Uptrend

[BULLISH]: Melbourne It is in an uptrend in the medium term timeframe. The current rally number is 45 & the highest rally count for the LTM is 45. The highest rally for the month is 15

Pivot Points /
Limit order for a short position has been identified for Melbourne It [Bearish]

Melbourne It has broken the first support point ($3.4100) [Bearish]. Look for a short limit order entry near this point. Exit price for MLB should be set @$3.3600 & short position stoploss for Melbourne It should be set between $3.5600 & $3.6100

Momentum /
5-day momentum is now decreasing for Melbourne It

[BEARISH CROSSOVER]: Melbourne It currently has negative momentum of -0.0600 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.4000%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%%.

Melbourne It was easily moved downward on low volume in recent trading
Ease of Movement /
Melbourne It was easily moved downward on low volume in recent trading

[BEARISH]: Melbourne It current price have moved downwards on low volume. Currently, the Ease of Movement is -20.351

Exponential Moving Average(5) signal continues for Melbourne It indicating downward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Melbourne It indicating downward price movement is likely

[BEARISH]: Melbourne It 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 -1.4%.

MLB Basic Candle: Black
Black Candle /
MLB Basic Candle: Black

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

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Melbourne It indicating downward price movement is likely

[BEARISH]: Melbourne It 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 -1.4%.

Low Price /
Recent trading for Melbourne It fell short of the previous low by -2.8 %

MLB: LOW Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BULLISH

Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for MLB

[Bullish]: Average True Range has confirmed an uptrend is present. Melbourne It has a TR of 0.1000, and an ATR(14) of 0.0920.

Price Range /
Melbourne It: Daily price range is $0.1 [Decreasing Range]

MLB: Price Range Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Daily trading has increased the bull power to drive prices for Melbourne It
Elder Ray Index /
Daily trading has increased the bull power to drive prices for Melbourne It

[BULLISH]: Melbourne ItElder Ray Index is signalling a Bullish movementERI is 0.002 indicating bull power. Prices are being driven above the consensus of value for MLB during the last trading session [Buying Pressure]

Melbourne It currently has positive rate of change for 2.6710
Rate of Change /
Melbourne It currently has positive rate of change for 2.6710

MLB: ROC Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Daily Volume Index /
Melbourne It: DVI(221.0000)

[BULLISH]: Melbourne It current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 221.0000.

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