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
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Trading session closed lower on high volume for Metals X [Bearish]
Ease of Movement /
Trading session closed lower on high volume for Metals X [Bearish]

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

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

[BULLISH]: Metals Xbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MLX adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.3 & the greatest daily positive change this year has been 4.3. 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 1 days giving a total rally upward movement of 4.3%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 2.4%

Two Crows /
Metals X: Two Crows

MLX: Reversal (Weak) Candlestick Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: NEUTRAL (3) 11 Jan: NEUTRAL

White Candle /
MLX Basic Candle: White

MLX: Basic Candlestick Recent Trading -> (1) 11 Jan: White Candle (2) 11 Jan: White Candle (3) 11 Jan: White Candle

Percentage Price /
Metals X: Price Percentage Oscillator

[BULLISH]: Metals X currently has positive PPO 4.600%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Accumulation / Distribution /
Accumulation signal for Metals X is confirmed

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

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Range Tod Vs Range Yest /
Sellers are still increasingly eager for Metals X & the price range is expanding

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

Confirmation of Metals X is currently being accumulated via OBV
On Balance Volume /
Confirmation of Metals X is currently being accumulated via OBV

MLX: OBV Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

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

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

Price Range /
Metals X: Daily price range is $0.045 [Decreasing Range]

MLX: Price Range Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

Momentum /
Metals X currently has positive momentum of 0.065

MLX: MOM Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

High Price /
Metals X: Daily high performance is -1.3 % [Downtrend]

[BEARISH]: Metals X current downtrend in the first timeframe. Currently, the HIGH is -1.3 %.

Metals X: Positive divergence confirmed from CMF Crossover
Chaikin Money Flow /
Metals X: Positive divergence confirmed from CMF Crossover

[BULLISH CROSSOVER]: Metals X current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.12. During the quarter, the highest CMF value was 0.29

Metals X: Closing price is $1.16 (0.9 %)
Closing Price /
Metals X: Closing price is $1.16 (0.9 %)

MLX: CLOSE Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BEARISH (3) 09 Jan: BULLISH

Opening Price /
MLX opening price of $1.15 (-2.5 %)

MLX: OPEN Recent Trading -> (1) 11 Jan: 1.15 (2) 10 Jan: 1.18 (3) 09 Jan: 1.175

MACD Volume /
Metals X: Volume MACD oscillator (779956)

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

Pivot Points /
Metals X has moved below the S1 pivot point ($1.135) [Bearish]

Metals X current pivot point is: 1.155. The current resistance levels are: (R1) $1.18: (R2) $1.2: (R3) $1.225: The current support levels are: (S1) $1.135: (S2) $1.11: (S3) $1.09

Volume is still above the short term EMA for MLX [Bullish]
Percentage Volume /
Volume is still above the short term EMA for MLX [Bullish]

[BULLISH]: Metals X currently has positive PVO 27.5%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -2.5%.

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

[BULLISH]: Metals X 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 Metals X 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 103 trading days with the closing price in the upper part of the range giving a confirmation ratio of 39.5%. 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.

[Bearish]: Initiated selling pressure for Metals X has been confirmed
Elders Force Index /
[Bearish]: Initiated selling pressure for Metals X has been confirmed

[BEARISH]: Metals X current price has highlighted recent selling pressure. Currently, the Elders Force Index is -8491.

Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for MLX during the last trading session

[BULLISH]: Metals XElder Ray Index is signalling a Bullish movementERI is 0.074 indicating bull power. Prices are being driven above the consensus of value for MLX during the last trading session [Buying Pressure]

Average True Range /
Metals X: Average True Range (0.046) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Metals X has a TR of 0.045, and an ATR(14) of 0.046.

Simple Moving Average /
Metals X is in a short term downtrend with the closing price @$1.16

[BULLISH]: Metals X currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.9%.

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

Metals X Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MLX. Trend continuation possible for MLX from reduced trading activity.

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

[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 0.9%.

Medium Trend /
[Uptrend]: The second timeframe trend has continued for MLX

[BULLISH]: Metals X has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 27 2017.

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