Technical analysis from Mcmillan Shakespeare (MMS.AX, ASX:MMS.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Mcmillan Shakespeare
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Traders are currently Distributing Mcmillan Shakespeare
Accumulation / Distribution /
Traders are currently Distributing Mcmillan Shakespeare

[BEARISH]: Mcmillan Shakespeare current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -423561.

Short positions for Mcmillan Shakespeare should be set between $0.51 & $0.45
Fibonacci Extensions /
Short positions for Mcmillan Shakespeare should be set between $0.51 & $0.45

Mcmillan Shakespeare has moved above the 161.8% level ($0.51) [Bearish]. Look for a short limit order entry near this point. Exit price for MMS should be set @$0.45 & short position stoploss for Mcmillan Shakespeare should be set at $0.57

High Price /
Mcmillan Shakespeare: Daily high price is $17.2 [Higher High]

[BULLISH]: Mcmillan Shakespeare current uptrend in the first timeframe. Currently, the HIGH is 0.8 %.

Daily Volume Index /
Traders are currently accumulating Mcmillan Shakespeare

[BULLISH]: Mcmillan Shakespeare current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 128.

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

MMS: TMA Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH CROSSOVER

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

[BULLISH]: Mcmillan Shakespeare 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 0.5%.

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Short Trend /
Daily trading produced an Uptrend bar for Mcmillan Shakespeare

[BULLISH]: Mcmillan Shakespeare 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.

Strong opening from MMS has seen an increase of 0.4 % [Uptrend]
Opening Price /
Strong opening from MMS has seen an increase of 0.4 % [Uptrend]

[BULLISH]: Mcmillan Shakespeare opening price has gapped up. Currently, the OPEN is $17.07 (0.4 %).

PPO continues to signal a continuation of downward price fall for Mcmillan Shakespeare
Percentage Price /
PPO continues to signal a continuation of downward price fall for Mcmillan Shakespeare

[BEARISH]: Mcmillan Shakespeare currently has negative PPO -0.179%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Stochastic Oscillator /
Stochastic Overbought signal had been maintained for Mcmillan Shakespeare

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

Percentage Volume /
Positive momentum on volume for MMS has been confirmed & supports a bullish move is likely

MMS: PVO Current Signal -> (1) 20 Jun: BULLISH CROSSOVER (2) 19 Jun: BEARISH CROSSOVER (3) 18 Jun: BULLISH

On Balance Volume /
MMS: Current trading activity signals OBV distribution is active

[BEARISH]: Mcmillan Shakespeare current price has highlighted recent distribution. Currently, the OBV is -496233.

Initiation of an overbought CCI signal for Mcmillan Shakespeare
Commodity Channel Index /
Initiation of an overbought CCI signal for Mcmillan Shakespeare

MMS: CCI Recent Trading -> (1) 20 Jun: 134 (2) 19 Jun: 96 (3) 18 Jun: 112

Lower envelope oversold signal had been maintained for Mcmillan Shakespeare
Moving Average Envelope /
Lower envelope oversold signal had been maintained for Mcmillan Shakespeare

[BULLISH]: Mcmillan Shakespeare current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 16.15.

Low Price /
Mcmillan Shakespeare: Daily low price is $16.92 [Lower Low]

[BEARISH]: Mcmillan Shakespeare current uptrend in the first timeframe. Currently, the Low is $16.92 (0.5 %).

Ease of Movement /
Mcmillan Shakespeare Ease of Movement is 14.558 [Easily Moved]

MMS: EOM Current Signal -> (1) 20 Jun: BULLISH EASY (2) 19 Jun: BEARISH EASY (3) 18 Jun: BULLISH EASY

Close Tod Vs Close Yest /
This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 8.4%

[BULLISH]: Mcmillan Shakespearebuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for MMS adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.0 & the greatest daily positive change this year has been 4.1. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 10.2%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 8.4%. 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 1.300000%

Negative VROC for MMS is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC for MMS is a leading indicator for continued price fall

[BEARISH]: Mcmillan Shakespeare currently has negative rate of change of -22%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.5%.

MMS: The return on MACD is 1.5%.
MACD /
MMS: The return on MACD is 1.5%.

MMS: MACD Recent Trading -> (1) 20 Jun: 0.0796 (2) 19 Jun: 0.0692 (3) 18 Jun: 0.0608

Mcmillan Shakespeare has moved above the R1 Woodie pivot point ($17.16) [Bullish]
Woodie Pivot Point /
Mcmillan Shakespeare has moved above the R1 Woodie pivot point ($17.16) [Bullish]

Mcmillan Shakespeare has broken the first Woodie resistance point ($17.16) [Bullish]. Look for a long limit order entry near this point. Exit price for MMS should be set @$17.32 & Stoploss for Mcmillan Shakespeare should be set at $16.76

Average True Range /
Recent trading indicates ATR downward trend direction likely for MMS [Downtrend]

MMS: Average True Range Recent Trading -> (1) 20 Jun: 0.365 (2) 19 Jun: 0.371 (3) 18 Jun: 0.382

Coles Reaction Day /
Mcmillan Shakespeare: Coles Rally Day for the daily trend is confirmed

MMS: CRD Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: NEUTRAL (3) 18 Jun: BULLISH

Closing Price /
Close for MMS has surpassed the close of the previous trading session

[BULLISH]: Mcmillan Shakespeare current uptrend in the first timeframe. Currently, the Close is $17.02.

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Mcmillan Shakespeare

[BEARISH]: Mcmillan Shakespeare currently has a confirmed downtrend. Price is currently below the displaced moving average for MMS. Currently, the return on DPO20 is 0.5%.

Weighted Moving Average(5) signal continues for Mcmillan Shakespeare indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for Mcmillan Shakespeare indicating upward price movement is likely

[BULLISH]: Mcmillan Shakespeare 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 0.5%.

Strong volume performance from MMS has seen a higher volume of 30.5 [Uptrend]
Volume /
Strong volume performance from MMS has seen a higher volume of 30.5 [Uptrend]

[BULLISH]: Mcmillan Shakespeare current volume uptrend in the first timeframe. Volume for MMS is 201952 (30.5).

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for MMS

[BEARISH]: Mcmillan Shakespeare UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.059.

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