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

Meditech Research
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Percentage volume oscillator remains negative for MTR
Percentage Volume /
Percentage volume oscillator remains negative for MTR

[BEARISH]: Meditech Research currently has negative PVO -46.1000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.7%.

Closing price for Meditech Research has seen buyers continue to win the daily battle for performance @ 0.3%
Close Tod Vs Close Yest /
Closing price for Meditech Research has seen buyers continue to win the daily battle for performance @ 0.3%

MTR: Recent performance signals ->(1) 23 Apr: BULLISH (2) 20 Apr: BULLISH (3) 19 Apr: NEUTRAL

High Price /
Meditech Research: Daily high performance is 0.0 % [Uptrend]

MTR: HIGH Current Signal -> (1) 23 Apr: NEUTRAL (2) 20 Apr: NEUTRAL (3) 19 Apr: NEUTRAL

Daily Volume Index /
Meditech Research: Current trading activity signals DVI accumulation is present

MTR: DVI Recent Trading -> (1) 23 Apr: 223.0000 (2) 20 Apr: 192.0000 (3) 19 Apr: 274.0000

Triangular Moving Average /
[Uptrend]: Recent trading for MTR indicates ST trend is likely to continue

[BULLISH]: Meditech Research 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 0.3%.

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Meditech Research indicating upward price movement is likely

[BULLISH]: Meditech Research currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.3%.

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Accumulation / Distribution /
Market conditions are indicating accumulation is current for MTR

[BULLISH]: Meditech Research current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 16367334.0000. day.

Buying pressure for Meditech Research continues - bullish signal
Chaikin Money Flow /
Buying pressure for Meditech Research continues - bullish signal

[BULLISH]: Meditech Research current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.1800. MTR received a confirmed CMF crossover days on the Mar 20 2018.The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.54 occurring on the Mar 20 2018.

Meditech Research: Daily volume performance is -24.6 [Downtrend]
Volume /
Meditech Research: Daily volume performance is -24.6 [Downtrend]

[BEARISH]: Meditech Research current volume downtrend in the first timeframe. Volume for MTR is245641 (-24.6).

Close Tod Vs Range Tod /
This is the first day of buyer commitment for Meditech Research adding strength to an uptrend in the first timeframe

MTR: Close versus price range Current Signal ->(1) 23 Apr: BULLISH (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH

Bollinger Bands /
Initiation of BB overbought signal for Meditech Research

[BEARISH CROSSOVER]: Meditech Research has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 98.9300% with a current width of 0.6500.

Open Tod Vs Close Tod /
Meditech Research: Buyers were in control all day.

[BULLISH STRONG]: Meditech Research opened in the lower part of daily range at 0.000000000000000% & closed in the upper part of the trading range at 100.000000000000000%. This suggests the buyers were in control all day. Over the last 12 months there has been 44 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 16.7%. 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 12.5%.

Recent trading for MTR has beaten the previous trading range ($0.0100) [Uptrend]
Price Range /
Recent trading for MTR has beaten the previous trading range ($0.0100) [Uptrend]

MTR: Price Range Current Signal -> (1) 23 Apr: NEUTRAL (2) 20 Apr: BEARISH (3) 19 Apr: BULLISH

Meditech Research currently has positive rate of change for 0.5090
Rate of Change /
Meditech Research currently has positive rate of change for 0.5090

[BULLISH]: Meditech Research currently has positive rate of change of 0.5000%. 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

Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Meditech Research

MTR: UIX Current Signal -> (1) 23 Apr: Low stress (2) 20 Apr: Low stress (3) 19 Apr: Low stress

Moving Average Envelope /
Envelope bands Oversold signal is still current for Meditech Research [Bullish]

[BULLISH]: Meditech Research current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.7335.

Williams %R /
[Bearish crossover]: Meditech Research current price has driven William %R signal to become overbought

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

Woodie pivot point for MTR is bullish. Stoploss should be positioned @$3.9380
Woodie Pivot Point /
Woodie pivot point for MTR is bullish. Stoploss should be positioned @$3.9380

Meditech Research has broken the first Woodie resistance point ($3.9560) [Bullish]. Look for a long limit order entry near this point. Exit price for MTR should be set @$3.9580 & Stoploss for Meditech Research should be set at $3.9380

Bearish conditions for MTR have commenced based on EFI (-111.0000)
Elders Force Index /
Bearish conditions for MTR have commenced based on EFI (-111.0000)

MTR: Elders Force Index Current Signal -> (1) 23 Apr: BEARISH CROSSOVER (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH CROSSOVER

Limit order for a long position has been identified for Meditech Research [Bullish]
Pivot Points /
Limit order for a long position has been identified for Meditech Research [Bullish]

Meditech Research has broken the first resistance point ($3.9540) [Bullish]. Look for a long limit order entry near this point. Exit price for MTR should be set @$3.9570 & Stoploss for Meditech Research should be set between $3.9370 & $3.9340

Momentum /
Momentum(5) is now increasing for Meditech Research

[BULLISH CROSSOVER]: Meditech Research currently has positive momentum of 0.0200. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.3000%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 0.3%%.

Simple Moving Average /
The SMA trend following signal is still current for Meditech Research [Bullish]

MTR: SMA(5) Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BEARISH (3) 19 Apr: BULLISH CROSSOVER

On Balance Volume /
Traders are currently accumulating Meditech Research

[BULLISH]: Meditech Research current price has highlighted recent accumulation. Currently, the OBV is 36243131.0000.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for MTR

[BULLISH]: Meditech Research has a current ARU(25) of 100.0000 and a current ARD(25) of 92.0000

Price continues to trade above the Exponential Moving Average(5) for MTR
Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for MTR

[BULLISH]: Meditech Research 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 0.3%.

Strong price performance from MTR has seen a higher close of 0.3 % [Uptrend]
Closing Price /
Strong price performance from MTR has seen a higher close of 0.3 % [Uptrend]

[BULLISH]: Meditech Research current uptrend in the first timeframe. Currently, the Close is $3.9500.

MACD /
The MACD continues to fall below the signal line for MTR [Bearish]

[BEARISH]: Meditech Research currently has negative MACD of -0.0010. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.7%.

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