Technical analysis from Macquarie Radio Network (MRN.AX, ASX:MRN.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Macquarie Radio Network
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Macquarie Radio Network: Range Performance (0.0)
Range Tod Vs Range Yest /
Macquarie Radio Network: Range Performance (0.0)

MRN: Range today versus range yesterday Current Signal ->(1) 24 May: NEUTRAL (2) 23 May: NEUTRAL (3) 22 May: NEUTRAL

Momentum continues to fall for Macquarie Radio Network signalling an downtrend will persist
Momentum /
Momentum continues to fall for Macquarie Radio Network signalling an downtrend will persist

[BEARISH]: Macquarie Radio Network currently has negative momentum of -0.045 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 5 days producing a return of 0%.

Weighted Moving Average /
The WMA trend following signal is still current for Macquarie Radio Network [Bearish]

[BEARISH]: Macquarie Radio Network 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 0.0%.

Stochastic Oscillator /
Stochastic Oversold signal is still current for Macquarie Radio Network [Bullish]

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

Ulcer Index /
Ulcer index has reduced in stress level for Macquarie Radio Network & low drawdown is expected

[BEARISH]: Macquarie Radio Network UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.496.

Simple Moving Average /
[Downtrend]: Recent trading for MRN indicates ST trend is likely to continue

[BEARISH]: Macquarie Radio Network currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.0%.

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Chaikin Money Flow /
CMF has negative divergence between price and volume

[BEARISH]: Macquarie Radio Network current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.89. MRN received a confirmed CMF crossover days on the Mar 28 2018. The bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.98 occurring on the Mar 28 2018.

Limit order for a long position has been identified for Macquarie Radio Network [Bullish]
Demarks Pivot Points /
Limit order for a long position has been identified for Macquarie Radio Network [Bullish]

Macquarie Radio Network has broken the first DeMark resistance point ($1.3513) [Bullish]. Look for a long limit order entry near this point. Exit price for MRN should be set @$1.353 & Stoploss for Macquarie Radio Network should be set at $1.348

Positive momentum on the volume MACD histogram for MRN is maintained & supports a bullish move is likely
MACD Volume /
Positive momentum on the volume MACD histogram for MRN is maintained & supports a bullish move is likely

MRN: Volume MACD Recent Trading -> (1) 24 May: 9100 (2) 23 May: 276 (3) 22 May: 462

Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for MRN

[BULLISH]: Macquarie Radio Network current price have moved upwards on high volume. Currently, the Ease of Movement is 0.01

Bear Belt-Hold /
Macquarie Radio Network: Bear Belt-Hold

[BEARISH]: Macquarie Radio Network has formed a new Bear Belt-Hold reversal pattern.

Fibonacci Extensions /
Macquarie Radio Network: Look for a short limit order entry @$0.25

Macquarie Radio Network has moved above the 161.8% level ($0.25) [Bearish]. Look for a short limit order entry near this point. Exit price for MRN should be set @$0.19 & short position stoploss for Macquarie Radio Network should be set at $0.3

Long positions for Macquarie Radio Network should be set between $1.351 & $1.352
Woodie Pivot Point /
Long positions for Macquarie Radio Network should be set between $1.351 & $1.352

Macquarie Radio Network has broken the first Woodie resistance point ($1.352) [Bullish]. Look for a long limit order entry near this point. Exit price for MRN should be set @$1.356 & Stoploss for Macquarie Radio Network should be set at $1.346

Macquarie Radio Network: Detrended Price Oscillator(20) is -0.0018
Detrended Price Oscillator /
Macquarie Radio Network: Detrended Price Oscillator(20) is -0.0018

[BEARISH]: Macquarie Radio Network currently has a confirmed downtrend. Price is currently below the displaced moving average for MRN. Currently, the return on DPO20 is 0.0%.

Money Flow Index /
Macquarie Radio Network MFI selling pressure has been relieved

[BULLISH CROSSOVER]: Macquarie Radio Network current price has driven MFI to become oversold signalling the start of bullish trading conditions. Currently, the MFI is 84.03. During the quarter, the lowest MFI value was 0.22. The last oversold signal occurred on May 24 2018.

Williams %R /
Macquarie Radio Network is still oversold with the William %R @-100

MRN: William %R Current Signal -> (1) 24 May: BULLISH (2) 23 May: BULLISH (3) 22 May: BULLISH CROSSOVER

Open Tod Vs Close Tod /
Macquarie Radio Network: Over the last month there has been 2 trading days giving a confirmation ratio of 11.1%.

MRN: Open today versus close yesterday Current Signal ->(1) 24 May: BEARISH STRONG (2) 23 May: NEUTRAL (3) 22 May: BEARISH STRONG

DVI: Distribution still active for Macquarie Radio Network
Daily Volume Index /
DVI: Distribution still active for Macquarie Radio Network

[BEARISH]: Macquarie Radio Network current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -17.

Macquarie Radio Network: MACD (-0.0027)
MACD /
Macquarie Radio Network: MACD (-0.0027)

[BEARISH]: Macquarie Radio Network currently has negative MACD of -0.0027. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

Bear power has increased for Macquarie Radio Network signalling bearish conditions are likely
Elder Ray Index /
Bear power has increased for Macquarie Radio Network signalling bearish conditions are likely

[BEARISH]: Macquarie Radio Network Elder Ray Index is signalling a Bearish movementERI is -0.016 indicating bear power. Prices are being driven below the consensus of value for MRN during the last trading session [Selling Pressure]

Triangular Moving Average /
Macquarie Radio Network is in a short term downtrend with the closing price @$1.35

[BEARISH]: Macquarie Radio Network 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 0.0%.

Exponential Moving Average /
Macquarie Radio Network: Exponential Moving Average(5) (1.3612)

MRN: EMA(5) Current Signal -> (1) 24 May: BEARISH (2) 23 May: BEARISH (3) 22 May: BEARISH CROSSOVER

Pivot Points /
[Long]: Exit price for MRN should be set @$1.357

Macquarie Radio Network has broken the first resistance point ($1.354) [Bullish]. Look for a long limit order entry near this point. Exit price for MRN should be set @$1.357 & Stoploss for Macquarie Radio Network should be set between $1.347 & $1.344

Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Macquarie Radio Network

[BEARISH]: Macquarie Radio Network currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.0%.

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

[BULLISH]: Macquarie Radio Network currently has positive PVO 95.42%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

Sellers of Macquarie Radio Network were in control at the market close.
Close Tod Vs Range Tod /
Sellers of Macquarie Radio Network were in control at the market close.

[BEARISH]: Macquarie Radio Network sellers in control. This is the first day of seller commitment for Macquarie Radio Network 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 29 trading days with the closing price in the lower part of the range giving a confirmation ratio of 11%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 3 days in the upper range giving a ratio of 1.7x.

Opening Price /
MRN opening price of $1.355 (0.4 %)

[BULLISH]: Macquarie Radio Network opening price has gapped up. Currently, the OPEN is $1.355 (0.4 %).

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