Technical analysis from My Net Fone (MNF.AX, ASX:MNF.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

My Net Fone
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[Uptrend]: The third timeframe trend for My Net Fone remains intact
Long Trend /
[Uptrend]: The third timeframe trend for My Net Fone remains intact

[BULLISH]: My Net Fone is in an uptrend in the medium term timeframe. The current rally number is 180 & the highest rally count for the LTM is 180. The highest rally for the month is 18

14-day rate of change is decreasing for My Net Fone
Rate of Change /
14-day rate of change is decreasing for My Net Fone

[BEARISH]: My Net Fone currently has negative rate of change of -2.913%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Price Range /
My Net Fone: Range ($0.11)

[BULLISH]: My Net Fone current uptrend in the first timeframe. Currently, the Range is $0.11.

Weighted Moving Average /
Price is now trading above the Weighted Moving Average(5) for MNF

MNF: WMA Current Signal -> (1) 24 May: BULLISH CROSSOVER (2) 23 May: BEARISH (3) 22 May: BEARISH

Open Tod Vs Close Tod /
MNF: Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range

[BEARISH]: My Net Fone opened in the lower part of daily range at 18.2% & closed in the lower part of the trading range at 18.2%. This suggests the buyers have lost control. Over the last 12 months there has been 18 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 6.8%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 5.6%.

Triangular Moving Average /
Triangular Moving Average(5) signal continues for My Net Fone indicating downward price movement is likely

[BEARISH]: My Net Fone currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.6%.

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Demarks Pivot Points /
[Long]: Limit orders for My Net Fone should be set at $5.0175

My Net Fone current pivot point (DeMark) is: (R1) $5.055. The current pivot point (DeMark) is: (S1) $4.945.

My Net Fone is no longer oversold @ -79
Commodity Channel Index /
My Net Fone is no longer oversold @ -79

MNF: CCI Current Signal ->(1) 24 May: BEARISH CROSSUNDER (2) 23 May: BULLISH (3) 22 May: BULLISH

My Net Fone: Downtrend for the medium term trend is continued
Medium Trend /
My Net Fone: Downtrend for the medium term trend is continued

[BEARISH]: My Net Fone is in an downtrend in the medium term timeframe. The current rally number is 78 & the highest rally count for the LTM is 78. The highest rally for the month is 18

Momentum /
My Net Fone currently has negative momentum of -0.07

[BEARISH]: My Net Fone currently has negative momentum of -0.07 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.6%.The largest downward momentum rally for the last 3 months is 7 days producing a return of -4.7%.

Low Price /
[Bullish]: My Net Fone has beaten previous low by 1.0 %

[BEARISH]: My Net Fone current uptrend in the first timeframe. Currently, the Low is $4.98 (1.0 %).

Average Directional Movement /
Average Directional Index for My Net Fone has signalled a strong trend is active

[Trend]: ADX for MNF has confirmed a strong trend is present. My Net Fone has an ATR(14) of 0.103, a DX of 22.12 & an ADX(14) of 33.05

Stochastic Oscillator for MNF is still below the oversold limit signalling a bullish movement
Stochastic Oscillator /
Stochastic Oscillator for MNF is still below the oversold limit signalling a bullish movement

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

My Net Fone is in a short term uptrend with the support price @$4.98
Sine Weighted Moving Average /
My Net Fone is in a short term uptrend with the support price @$4.98

[BULLISH]: My Net Fone 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%.

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

[BULLISH]: My Net Fone Elder Ray Index is signalling a Bullish movementERI is 0.049 indicating bull power. Prices are being driven above the consensus of value for MNF during the last trading session [Buying Pressure]

Close Tod Vs Close Yest /
Closing price for MNF ($5) signals buyers are still keener than sellers

MNF: Recent performance signals ->(1) 24 May: BULLISH (2) 23 May: BULLISH (3) 22 May: NEUTRAL

Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for MNF

[BEARISH]: My Net Fone currently has negative PPO -1.862%. This means the current price is losing momentum through a fall on the short term exponential moving average.

My Net Fone: Current trading activity OBV signals distribution is present
On Balance Volume /
My Net Fone: Current trading activity OBV signals distribution is present

[BEARISH]: My Net Fone current price has highlighted recent distribution. Currently, the OBV is -439628.

My Net Fone: Uptrend for the daily trend is confirmed
Short Trend /
My Net Fone: Uptrend for the daily trend is confirmed

[BULLISH]: My Net Fone is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 5

Price is now trading above the Simple Moving Average(5) for MNF
Simple Moving Average /
Price is now trading above the Simple Moving Average(5) for MNF

[BULLISH]: My Net Fone 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 0.6%.

Exponential Moving Average /
My Net Fone is in a short term uptrend with the closing price @$5

[BULLISH]: My Net Fone currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.6%.

Pivot Points /
Pivot point for MNF is bullish. Stoploss should be positioned @$4.913

My Net Fone has broken the first resistance point ($5.066) [Bullish]. Look for a long limit order entry near this point. Exit price for MNF should be set @$5.133 & Stoploss for My Net Fone should be set between $4.913 & $4.846

Close Tod Vs Range Tod /
My Net Fone: Sellers are in control at the market close.

MNF: Close versus price range Current Signal ->(1) 24 May: BEARISH (2) 23 May: NEUTRAL (3) 22 May: BEARISH

Woodie Pivot Point /
My Net Fone has moved above the R1 Woodie pivot point ($5.056) [Bullish]

My Net Fone current pivot point (Woodie) is: $5.018. The current resistance levels are: (R1) $5.056: (R2) $5.128The current support levels are: (S1) $4.946: (S2) $4.908

My Net Fone was easily moved upward on low volume in recent trading [Bullish]
Ease of Movement /
My Net Fone was easily moved upward on low volume in recent trading [Bullish]

MNF: EOM Recent Trading -> (1) 24 May: 14.064 (2) 23 May: -4.502 (3) 22 May: -5.245

Drawdown for My Net Fone is currently low signalling low stress
Ulcer Index /
Drawdown for My Net Fone is currently low signalling low stress

[BEARISH]: My Net Fone UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.46.

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for My Net Fone

MNF: DPO Recent Trading -> (1) 24 May: -0.283 (2) 23 May: -0.3355 (3) 22 May: -0.3825

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