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

Metals X
+ Share

Ulcer index has increased in stress level & high drawdown is expected for Metals X
Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Metals X

[BULLISH]: Metals X UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.622.

Metals X: Daily high performance is 0.4000000000000000 % [Uptrend]
High Price /
Metals X: Daily high performance is 0.4000000000000000 % [Uptrend]

[BULLISH]: Metals X current uptrend in the first timeframe. Currently, the HIGH is 0.4000000000000000 %.

MACD /
Metals X: MACD @0.0180 [Bullish]

[BULLISH]: Metals X currently has positive MACD of 0.0180. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 20.2%.

Medium Trend /
Metals X: Medium term trend (Downtrend)

[BEARISH]: Metals X has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Apr 11 2018.

Low Price /
Metals X: Daily low price is $0.83 [Lower Low]

[BEARISH]: Metals X current uptrend in the first timeframe. Currently, the Low is $0.83 (5.5000000000000000 %).

Moving Average Envelope /
Metals X: Closing price $0.8500 is above the Upper Envelope Band ($0.8190)

[BEARISH]: Metals X current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 0.8190.

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Sine Weighted Moving Average /
Metals X is in a short term uptrend with the support price @$0.773

[BULLISH]: Metals X 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 0.6%.

Metals X was difficult to move upward due to high volume in recent trading [Bullish]
Ease of Movement /
Metals X was difficult to move upward due to high volume in recent trading [Bullish]

MLX: EOM Current Signal -> (1) 20 Apr: BULLISH HARD (2) 19 Apr: BULLISH HARD (3) 18 Apr: BULLISH HARD

Metals X: Daily volume performance is -52.7 [Downtrend]
Volume /
Metals X: Daily volume performance is -52.7 [Downtrend]

[BEARISH]: Metals X current volume downtrend in the first timeframe. Volume for MLX is2.58368e+006 (-52.7).

Average Directional Movement /
[Weak Trend]: Average Directional Index (16.97) weak trend has been confirmed for MLX

[Weak Trend]: ADX for MLX has confirmed a weak trend is presentMetals X has an ATR(14) of 0.038, a DX of 27.28 & an ADX(14) of 16.97

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Metals X indicating upward price movement is likely

[BULLISH]: Metals X 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 0.6%.

Coles Reaction Day /
The daily range for Metals X has achieved a higher high [Bullish]

MLX: CRD Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Metals X: Uptrend for the daily trend is continued
Short Trend /
Metals X: Uptrend for the daily trend is continued

[BULLISH]: Metals X is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Metals X currently has positive momentum of 0.135
Momentum /
Metals X currently has positive momentum of 0.135

[BULLISH]: Metals X currently has positive momentum of 0.135. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.6%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 11.8%%.

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

[BULLISH]: Metals X current price has highlighted recent buying pressure. Currently, the Elders Force Index is 71774.

Fibonacci Extensions /
[Long]: Entry price for MLX should be set @$19.5000

Metals X has moved below the 161.8% level ($19.5000) [Bullish]. Look for a long limit order entry near this point. Exit price for MLX should be set @$17.3500 & Stoploss for Metals X should be set at $21.6500

Close Tod Vs Range Tod /
Daily trading for MLX indicated buyers are still in control

MLX: Close versus price range Current Signal ->(1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

Metals X is no longer overbought [Neutral]
Stochastic Oscillator /
Metals X is no longer overbought [Neutral]

MLX: Stochastic Oscillator Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BULLISH CROSSOVER (3) 18 Apr: BULLISH CROSSUNDER

Metals X: Three White Soldiers
Three White Soldiers /
Metals X: Three White Soldiers

[BULLISH]: Metals X has formed a new Three White Soldiers pattern.

Continuation of the overbought CCI signal for Metals X
Commodity Channel Index /
Continuation of the overbought CCI signal for Metals X

[BEARISH]: Metals X current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 246.0000. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 246.

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Metals X & are driving the price up.

[BULLISH]: Metals Xbuyers are keener than sellers and are driving the price up. There has been 4 consecutive days of price rise for MLX adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 11.2 & the greatest daily positive change this year has been 11.2. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 23.7%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 20.2%. 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 1x. Over the last month the average daily upward movement has been 4.5%

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for MLX

[BULLISH]: Metals X current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 3651.0000.

Bollinger Bands /
Upper Bollinger Band overbought signal had been cancelled for Metals X

[BEARISH]: Metals X is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 112.16% with a current width of 21.02.

Opening Price /
MLX opening price of $0.835 (5.0000000000000000 %)

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

Bull power has increased for Metals X signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Metals X signalling bullish conditions are likely

[BULLISH]: Metals XElder Ray Index is signalling a Bullish movementERI is 0.08 indicating bull power. Prices are being driven above the consensus of value for MLX during the last trading session [Buying Pressure]

Metals X currently has positive rate of change for 18.0560
Rate of Change /
Metals X currently has positive rate of change for 18.0560

[BULLISH]: Metals X currently has positive rate of change of 18.1000%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Demarks Pivot Points /
Limit order for a long position has been identified for Metals X [Bullish]

Metals X has broken the first DeMark support point ($0.8450) [Bearish]. Look for a short limit order entry near this point. Exit price for MLX should be set @$0.8400 & short position stoploss for Metals X should be set at $0.8600

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