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

Millennium Minerals
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Millennium Minerals: Sellers were in control all day.
Open Tod Vs Close Tod /
Millennium Minerals: Sellers were in control all day.

[BEARISH STRONG]: Millennium Minerals opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 66 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 25.3%. Over the last month there has been 1 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

Daily trading has now confirmed a DPO(20) bearish crossover for Millennium Minerals
Detrended Price Oscillator /
Daily trading has now confirmed a DPO(20) bearish crossover for Millennium Minerals

[BEARISH]: Millennium Minerals currently has a confirmed downtrend. Price is currently below the displaced moving average for MOYCurrently, the return on DPO20 is 0%.

Close Tod Vs Range Tod /
Millennium Minerals: Sellers are in control at the market close.

[BEARISH]: Millennium Minerals sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Millennium Minerals adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 125 trading days with the closing price in the lower part of the range giving a confirmation ratio of 47.9%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Millennium Minerals indicating downward price movement is likely

[BULLISH]: Millennium Minerals 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%.

Demarks Pivot Points /
Millennium Minerals has moved below the S1 DeMark pivot point ($0.17625) [Bearish]

Millennium Minerals has broken the first DeMark support point ($0.17625) [Bearish]. Look for a short limit order entry near this point. Exit price for MOY should be set @$0.173 & short position stoploss for Millennium Minerals should be set at $0.178

Range Tod Vs Range Yest /
Millennium Minerals: The price range ratio this week versus the quarterly price range is 1x

[WEAK BULLISH]: Millennium Mineralssellers are becoming less eager. There has been 2 consecutive days of range increase for MOY reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.02 & the greatest daily price range this year has been $0.02. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 1x.

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Ease of Movement /
Millennium Minerals Ease of Movement is 0.003 [Difficult to Move]

MOY: EOM Recent Trading -> (1) 11 Jan: 0.003 (2) 11 Jan: 0.305 (3) 11 Jan: -0.443

Millennium Minerals: MACD oscillator (0.001000)
MACD /
Millennium Minerals: MACD oscillator (0.001000)

[BULLISH CROSSOVER]: Millennium Minerals currently has positive MACD of 0.001000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -2.8%.

Millennium Minerals: Percentage Volume Oscillator (1.5)
Percentage Volume /
Millennium Minerals: Percentage Volume Oscillator (1.5)

[BULLISH CROSSOVER]: Millennium Minerals currently has positive PVO 1.5%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -2.8%.

Bear Belt-Hold /
Millennium Minerals: Bear Belt-Hold

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

Percentage Price /
Signal line is still above the EMA for Millennium Minerals producing positive momentum

[BULLISH]: Millennium Minerals currently has positive PPO 0.600%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Ulcer Index /
Ulcer index has fallen as the price rises for Millennium Minerals

[BEARISH]: Millennium Minerals UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.901.

Oversold signal for the Lower Envelope band is still current for Millennium Minerals
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Millennium Minerals

[BULLISH]: Millennium Minerals current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.1615.

Recent trading signals Millennium Minerals is being distributed
Daily Volume Index /
Recent trading signals Millennium Minerals is being distributed

MOY: DVI Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

Elder Ray Index /
Buying pressure for MOY highlights ability of buyers to drive the price upwards

[BULLISH]: Millennium MineralsElder Ray Index is signalling a Bullish movementERI is 0.003 indicating bull power. Prices are being driven above the consensus of value for MOY during the last trading session [Buying Pressure]

Triangular Moving Average /
[Downtrend]: Recent trading for MOY confirms bearish TMA(5) signal

[BEARISH]: Millennium Minerals 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%.

Exponential Moving Average /
[Bearish]: EMA(5) is serving as a resistance line for Millennium Minerals

[BEARISH]: Millennium Minerals currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0%.

Millennium Minerals: Rate of change (2.941)
Rate of Change /
Millennium Minerals: Rate of change (2.941)

[BULLISH]: Millennium Minerals currently has positive rate of change of 2.9%. 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

Weighted Moving Average(5) signal is confirmed for Millennium Minerals indicating downward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal is confirmed for Millennium Minerals indicating downward price movement is likely

[BEARISH]: Millennium Minerals 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%.

BWFI has signalled a Fake Day for Millennium Minerals
Bill Williams Market Facilitation /
BWFI has signalled a Fake Day for Millennium Minerals

Millennium Minerals Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MOY. Trend continuation possible for MOY from reduced trading activity.

High Price /
Millennium Minerals: Daily high price is $0.18 [Higher High]

MOY: HIGH Recent Trading -> (1) 11 Jan: 0.18 (2) 10 Jan: 0.18 (3) 09 Jan: 0.18

Black Marubozu /
MOY Basic Candle: Black Marubozu

[BEARISH]: Millennium Minerals has formed a Black Marubozu candlestick. This means, MOY has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Fibonacci Extensions /
Millennium Minerals has broken below the 161.8% extension level ($0.91) [Bullish]

Millennium Minerals has moved below the 161.8% level ($0.91) [Bullish]. Look for a long limit order entry near this point. Exit price for MOY should be set @$1.07 & Stoploss for Millennium Minerals should be set at $0.74

Woodie Pivot Point /
Millennium Minerals has moved below the S1 Woodie pivot point ($0.172) [Bearish]

Millennium Minerals current pivot point (Woodie) is: $0.176. The current resistance levels are: (R1) $0.177: (R2) $0.181The current support levels are: (S1) $0.172: (S2) $0.171

MOY: Average True Range has confirmed an downtrend @0.012
Average True Range /
MOY: Average True Range has confirmed an downtrend @0.012

[Bearish]: Average True Range has confirmed an downtrend is present. Millennium Minerals has a TR of 0.005, and an ATR(14) of 0.012.

Second timeframe trend of Millennium Minerals remains as an Uptrend
Medium Trend /
Second timeframe trend of Millennium Minerals remains as an Uptrend

[BULLISH]: Millennium Minerals has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 29 2017.

Camarilla Pivot Points /
[Short]: Exit price for MOY should be set @$0.146

Millennium Minerals has broken the first Camarilla support point ($0.16) [Bearish]. Look for a short limit order entry near this point. Exit price for MOY should be set @$0.146 & short position stoploss for Millennium Minerals should be set between $0.205 & $0.219

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