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

Milton Corporation
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MLT Basic Candle: White
White Candle /
MLT Basic Candle: White

[BULLISH]: Milton Corporation has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Recent trading for Milton Corporation has opened -0.6 % higher than previous session
Opening Price /
Recent trading for Milton Corporation has opened -0.6 % higher than previous session

MLT: OPEN Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

Pivot Points /
Limit order for a long position has been identified for Milton Corporation [Bullish]

Milton Corporation has broken the first resistance point ($4.746) [Bullish]. Look for a long limit order entry near this point. Exit price for MLT should be set @$4.753 & Stoploss for Milton Corporation should be set between $4.713 & $4.706

Accumulation / Distribution /
Accumulation still active for Milton Corporation

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

Commodity Channel Index /
Normal trading conditions are continued for Milton Corporation

[NEUTRAL]: Milton Corporation current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 79. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 195.

Chaikin Money Flow /
CMF Crossover & commencement of potential trend change for Milton Corporation

[BEARISH CROSSOVER]: Milton Corporation current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.16. During the quarter, the lowest CMF value was -0.18

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Aroon Oscillator /
Aroon oscillator for Milton Corporation has signalled a strong uptrend is active

MLT: Aroon Oscillator Current Signal -> (1) 11 Jan: BULLISH STRONG (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH

Price continues to trade above the Triangular Moving Average(5) for MLT
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for MLT

[BULLISH]: Milton Corporation currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.2%.

Trading for Milton Corporation highlights the commitment of buyers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Milton Corporation highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Milton Corporation buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Milton Corporation adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 77 trading days with the closing price in the upper part of the range giving a confirmation ratio of 29.5%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 7 days in the lower range giving a ratio of 1.1x.

Volume /
Milton Corporation: Daily volume performance is -63.7 [Downtrend]

[BEARISH]: Milton Corporation current volume downtrend in the first timeframe. Volume for MLT is102053 (-63.7).

Elders Force Index /
Recent trading highlights continued buying pressure is present for MLT

[BULLISH]: Milton Corporation current price has highlighted recent buying pressure. Currently, the Elders Force Index is 176.

Stochastic Oscillator /
Milton Corporation: Stochastic Oscillator 72.7 is below the Stochastic overbought limit

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

The WMA trend following signal is still current for Milton Corporation [Bullish]
Weighted Moving Average /
The WMA trend following signal is still current for Milton Corporation [Bullish]

[BULLISH]: Milton Corporation 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 0.2%.

Milton Corporation: Daily price range is 0.02 [Downtrend]
Price Range /
Milton Corporation: Daily price range is 0.02 [Downtrend]

[BEARISH]: Milton Corporation current downtrend in the first timeframe. Currently, the Range is $0.02.

Sine Weighted Moving Average /
[Bullish]: Trend following indicator for MLT highlights upward price direction is likely

[BULLISH]: Milton Corporation currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.2%.

Momentum /
Milton Corporation: Momentum(5)

[BULLISH]: Milton Corporation currently has positive momentum of 0.02. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.2%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 1.1%%.

Range Tod Vs Range Yest /
Milton Corporation: Range Performance (-33.3)

MLT: Range today versus range yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

Oversold signal continues for Milton Corporation indicating upward price movement is likely
Moving Average Envelope /
Oversold signal continues for Milton Corporation indicating upward price movement is likely

[NEUTRAL]: Milton Corporation current trading has closed out Envelope Bands to overbought status and signalled the initiation of normal trading conditions. Currently, the Upper Band is 4.9140.

Milton Corporation: Volume MACD oscillator (20696)
MACD Volume /
Milton Corporation: Volume MACD oscillator (20696)

MLT: Volume MACD Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

Drawdown for Milton Corporation is currently low signalling low stress
Ulcer Index /
Drawdown for Milton Corporation is currently low signalling low stress

[BEARISH]: Milton Corporation UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.305.

Volume Rate of Change /
Volume rate of change(14) is decreasing for Milton Corporation

[BEARISH]: Milton Corporation currently has negative rate of change of -47%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.2%.

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.023 indicating bull power

MLT: Elder Ray Index Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Woodie Pivot Point /
Milton Corporation has broken the first Woodie resistance point ($4.75) [Bullish]

Milton Corporation has broken the first Woodie resistance point ($4.75) [Bullish]. Look for a long limit order entry near this point. Exit price for MLT should be set @$4.755 & Stoploss for Milton Corporation should be set at $4.715

On Balance Volume /
Milton Corporation: Confirmation of stock accumulation

[BULLISH]: Milton Corporation current price has highlighted recent accumulation. Currently, the OBV is 994406.

Milton Corporation: Price Percentage Oscillator
Percentage Price /
Milton Corporation: Price Percentage Oscillator

[BULLISH]: Milton Corporation currently has positive PPO 0.700%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Milton Corporation is no longer overbought and normal trading conditions are resumed [NEUTRAL]
Relative Strength Index /
Milton Corporation is no longer overbought and normal trading conditions are resumed [NEUTRAL]

MLT: RSI Recent Trading -> (1) 11 Jan: 63.7542 (2) 11 Jan: 77.0231 (3) 11 Jan: 54.6378

Close Tod Vs Close Yest /
Over the last month the average daily win ratio has been 0.5%

[BULLISH]: Milton Corporationbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MLT adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.1 & the greatest daily positive change this year has been 1.1. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 2.8%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 1.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.2x. Over the last month the average daily upward movement has been 0.5%

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