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

Monadelphous
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Monadelphous  has initiated a positive momentum of 0.82
Momentum /
Monadelphous has initiated a positive momentum of 0.82

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

Monadelphous  has broken the first Woodie resistance point ($18.532) [Bullish]
Woodie Pivot Point /
Monadelphous has broken the first Woodie resistance point ($18.532) [Bullish]

Monadelphous has broken the first Woodie resistance point ($18.532) [Bullish]. Look for a long limit order entry near this point. Exit price for MND should be set @$18.686 & Stoploss for Monadelphous should be set at $18.276

Close Tod Vs Close Yest /
This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -0.8%

[BEARISH]: Monadelphous sellers are keener than buyers and are driving the price down. This is the first day of price decline for MND adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -0.8 & the greatest daily negative change this year has been -0.8. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -8.2%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -0.8%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.5%

Opening Price /
Price for MND has opened weaker than close of the previous trading session

[BEARISH]: Monadelphous opening price has gapped down. Currently, the OPEN is $18.53 (0.7 %).

High Price /
Weaker price performance from MND has seen a lower high of -0.1 % [Downtrend]

[BEARISH]: Monadelphous current downtrend in the first timeframe. Currently, the HIGH is -0.1 %.

Triangular Moving Average /
Triangular Moving Average(30) signal is confirmed for Monadelphous indicating downward price movement is likely

[BULLISH]: Monadelphous 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 -0.8%.

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Rate of Change /
Monadelphous has initiated a positive rate of change of 3.773

[BULLISH CROSSOVER]: Monadelphous currently has positive rate of change of 3.8%. 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

MND Basic Candle: Short Black
Short Black Candle /
MND Basic Candle: Short Black

[BEARISH]: Monadelphous has formed a Short Black candlestick. This means, MND has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Stochastic Oscillator for MND has crossed above the overbought limit triggering a bearish crossover signal
Stochastic Oscillator /
Stochastic Oscillator for MND has crossed above the overbought limit triggering a bearish crossover signal

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

Williams %R /
William %R for MND has crossed above the overbought limit triggering a bearish crossover signal

[BULLISH]: Monadelphous is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Relative Strength Index /
Initiation of overbought signal for Monadelphous [Bearish Crossover]

[BEARISH]: Monadelphous is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @78.2624

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for MND

[BULLISH]: Monadelphous Elder Ray Index is signalling a Bullish movementERI is 0.6 indicating bull power. Prices are being driven above the consensus of value for MND during the last trading session [Buying Pressure]

Monadelphous : Volume MACD oscillator (23457)
MACD Volume /
Monadelphous : Volume MACD oscillator (23457)

[BULLISH]: Monadelphous currently has positive Volume MACD of 23457. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Monadelphous  is no longer oversold and normal trading conditions are resumed
Moving Average Envelope /
Monadelphous is no longer oversold and normal trading conditions are resumed

[NEUTRAL]: Monadelphous current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 16.9005.

Volume /
Monadelphous : Daily volume is 328357 [Lower Volume]

[BEARISH]: Monadelphous current volume downtrend in the first timeframe. Volume for MND is328357 (-4.2).

Pivot Points /
Monadelphous : Look for a long limit order entry @$18.566

Monadelphous has broken the first resistance point ($18.566) [Bullish]. Look for a long limit order entry near this point. Exit price for MND should be set @$18.703 & Stoploss for Monadelphous should be set between $18.293 & $18.156

Recent trading for Monadelphous  fell short of the previous close by -0.8 %
Closing Price /
Recent trading for Monadelphous fell short of the previous close by -0.8 %

[BEARISH]: Monadelphous current downtrend in the first timeframe. Currently, the Close is $18.43.

Strong price performance from MND has seen a lower low of 0.5 % [Uptrend]
Low Price /
Strong price performance from MND has seen a lower low of 0.5 % [Uptrend]

[BEARISH]: Monadelphous current uptrend in the first timeframe. Currently, the Low is $18.43 (0.5 %).

Daily bar has confirmed a second timeframe Uptrend for MND
Medium Trend /
Daily bar has confirmed a second timeframe Uptrend for MND

[BULLISH]: Monadelphous has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 2 2018.

On Balance Volume /
Traders are currently Distributing Monadelphous

[BEARISH]: Monadelphous current price has highlighted recent distribution. Currently, the OBV is -599452.

Volume Rate of Change /
Monadelphous has initiated a positive volume rate of change of 94

[BULLISH CROSSOVER]: Monadelphous currently has positive volume of change of 94%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.8%.

Weighted Moving Average /
[Bullish]: WMA(30) is serving as a support line for Monadelphous

[BEARISH]: Monadelphous 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 -0.8%.

Open Tod Vs Close Tod /
Monadelphous : Sellers have taken control.

MND: Open today versus close yesterday Recent Trading ->(1) 11 Jan: 48.8% (2) 11 Jan: 67.8% (3) 11 Jan: 44.4%

Recent trading was only supported by high volume for Monadelphous
Ease of Movement /
Recent trading was only supported by high volume for Monadelphous

MND: EOM Current Signal -> (1) 11 Jan: BULLISH HARD (2) 11 Jan: BEARISH EASY (3) 11 Jan: BEARISH HARD

[Bearish]: Monadelphous  currently has negative PVO -8
Percentage Volume /
[Bearish]: Monadelphous currently has negative PVO -8

MND: PVO Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

Average True Range /
MND: Average True Range has confirmed an uptrend @0.389

[Bullish]: Average True Range has confirmed an uptrend is present. Monadelphous has a TR of 0.205, and an ATR(14) of 0.389.

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