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

Moto Goldmines
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Moto Goldmines: Daily price tange is $0.11 [Increasing Range]
Price Range /
Moto Goldmines: Daily price tange is $0.11 [Increasing Range]

[BULLISH]: Moto Goldmines current uptrend in the first timeframe. Currently, the Range is $0.11.

Moto Goldmines: Look for a long limit order entry @$4.8625
Demarks Pivot Points /
Moto Goldmines: Look for a long limit order entry @$4.8625

Moto Goldmines has broken the first DeMark resistance point ($4.8625) [Bullish]. Look for a long limit order entry near this point. Exit price for MTO should be set @$4.945 & Stoploss for Moto Goldmines should be set at $4.835

Range Tod Vs Range Yest /
Moto Goldmines: Range Performance (22.2)

[BEARISH]: Moto Goldminessellers are increasingly eager. This is the first day sellers have increasing eagerness for MTO adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.22 & the greatest daily price range this year has been $1.88. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.1x.

Accumulation / Distribution /
Market conditions are indicating accumulation is now confirmed for MTO

[BULLISH CROSSOVER]: Moto Goldmines current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Momentum /
Moto Goldmines currently has negative momentum of -0.01

[BEARISH]: Moto Goldmines currently has negative momentum of -0.01 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 6 days producing a return of -9.1%%.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon downtrend is intact for MTO

[BEARISH]: Moto Goldmines has a current ARU(25) of 16 and a current ARD(25) of 56

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Low Price /
Moto Goldmines: Daily low performance is -0.6 % [Downtrend]

[BULLISH]: Moto Goldmines current downtrend in the first timeframe. Currently, the Low is $4.78 (-0.6 %).

Moto Goldmines was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
Moto Goldmines was difficult to move downward due to high volume in recent trading [Bearish]

MTO: EOM Current Signal -> (1) 12 Dec: BEARISH HARD (2) 11 Dec: BULLISH EASY (3) 08 Dec: NEUTRAL

[Downtrend]: Average True Range (0.147) downtrend has been confirmed for MTO
Average True Range /
[Downtrend]: Average True Range (0.147) downtrend has been confirmed for MTO

[Bearish]: Average True Range has confirmed an downtrend is present. Moto Goldmines has a TR of 0.11, and an ATR(14) of 0.147.

White Closing Marubozu /
MTO Basic Candle: White Closing Marubozu

[BULLISH]: Moto Goldmines has formed a White Closing Marubozu candlestick. This means, MTO has received strong buying confidence and upward price movement over the trading day with only a small lower shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Closing Price /
Moto Goldmines: Daily closing price is $4.89 [Bullish]

MTO: CLOSE Current Signal -> (1) 12 Dec: NEUTRAL (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH

Pivot Points /
Limit order for a short position has been identified for Moto Goldmines [Bearish]

Moto Goldmines has broken the first support point ($4.816) [Bearish]. Look for a short limit order entry near this point. Exit price for MTO should be set @$4.743 & short position stoploss for Moto Goldmines should be set between $4.963 & $5.036

Moto Goldmines has failed to achieve a lower high of $4.89 (-0.2 %)
High Price /
Moto Goldmines has failed to achieve a lower high of $4.89 (-0.2 %)

[BEARISH]: Moto Goldmines current downtrend in the first timeframe. Currently, the HIGH is -0.2 %.

Negative momentum on the Volume MACD histogram for MTO is maintained & supports a bearish move is likely
MACD Volume /
Negative momentum on the Volume MACD histogram for MTO is maintained & supports a bearish move is likely

[BEARISH]: Moto Goldmines currently has negative Volume MACD of -2893. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Moto Goldmines indicating upward price movement is likely

MTO: EMA(5) Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BULLISH CROSSOVER

Fibonacci Extensions /
Moto Goldmines has moved above the 161.8% extension level ($0) [Bearish]

Moto Goldmines has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for MTO should be set @$0 & short position stoploss for Moto Goldmines should be set at $0

Ulcer Index /
Drawdown for Moto Goldmines is currently high signalling high stress

[BULLISH]: Moto Goldmines UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.329.

14-day rate of change is decreasing for Moto Goldmines
Rate of Change /
14-day rate of change is decreasing for Moto Goldmines

[BEARISH]: Moto Goldmines currently has negative rate of change of -0.2%. 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

Moto Goldmines: Buyers are in control at the market close.
Close Tod Vs Range Tod /
Moto Goldmines: Buyers are in control at the market close.

[BULLISH]: Moto Goldmines buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Moto Goldmines adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 251 trading days with the closing price in the upper part of the range giving a confirmation ratio of 95.4%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 37.5%. Currently this quarter, closing price has spent 37 days in the upper price range compared to 38 days in the lower range giving a ratio of 1x.

MTO: Average Directional Index has confirmed a weak trend @12.71
Average Directional Movement /
MTO: Average Directional Index has confirmed a weak trend @12.71

MTO: Average Directional Index Recent Trading -> (1) 12 Dec: 12.71 (2) 11 Dec: 13.2 (3) 08 Dec: 14.03

On Balance Volume /
Recent trading signals Moto Goldmines is being distributed

MTO: OBV Recent Trading ->(1) 12 Dec: -407053 (2) 11 Dec: -407053 (3) 08 Dec: -417723

Elder Ray Index /
[Buying Pressure]: ERI has increased for Moto Goldmines during the last trading session

[BULLISH]: Moto GoldminesElder Ray Index is signalling a Bullish movementERI is 0.013 indicating bull power. Prices are being driven above the consensus of value for MTO during the last trading session [Buying Pressure]

Stochastic Oscillator /
Stochastic Oscillator for MTO has crossed below the overbought limit triggering a neutral signal

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

Woodie Pivot Point /
Moto Goldmines: Stoploss for short position should be set at $4.972

Moto Goldmines current pivot point (Woodie) is: $4.862. The current resistance levels are: (R1) $4.944: (R2) $4.972The current support levels are: (S1) $4.834: (S2) $4.752

Open/close reversal: Buyers were in control of trading all day for MTO
Open Tod Vs Close Tod /
Open/close reversal: Buyers were in control of trading all day for MTO

[BULLISH STRONG]: Moto Goldmines opened in the lower part of daily range at 27.3% & closed in the upper part of the trading range at 100%. This suggests the buyers were in control all day. Over the last 12 months there has been 46 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 17.5%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 25%.

Percentage volume oscillator remains negative for MTO
Percentage Volume /
Percentage volume oscillator remains negative for MTO

MTO: PVO Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

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

[BEARISH]: Moto Goldmines currently has negative rate of change of -27%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

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