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

[BEARISH]: Meditech Research currently has negative MACD of -0.002000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.3%.

Meditech Research has reached a new low of $3.9 (0 %)
Low Price /
Meditech Research has reached a new low of $3.9 (0 %)

MTR: LOW Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: NEUTRAL (3) 09 Jan: NEUTRAL

Chaikin Money Flow /
CMF Crossover has positive divergence between price & vol

[BEARISH CROSSOVER]: Meditech Research current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.56. During the quarter, the lowest CMF value was -0.56

Pivot Points /
Meditech Research: Stoploss for short position should be set between $3.913 & $3.916

Meditech Research current pivot point is: 3.903. The current resistance levels are: (R1) $3.906: (R2) $3.913: (R3) $3.916: The current support levels are: (S1) $3.896: (S2) $3.893: (S3) $3.886

Percentage Price /
The current price is still gaining momentum through a rise for MTR on the short term EMA.

[BULLISH]: Meditech Research currently has positive PPO 0.100%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Ease of Movement /
Ease of Movement for Meditech Researchis -0.002 [Difficult to Move]

MTR: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BEARISH EASY (3) 11 Jan: BEARISH HARD

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MACD Volume /
Meditech Research: Volume MACD oscillator (87572)

[BULLISH]: Meditech Research currently has positive Volume MACD of 87572. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

[Uptrend]: The second timeframe trend has continued for MTR
Medium Trend /
[Uptrend]: The second timeframe trend has continued for MTR

[BULLISH]: Meditech Research has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 4 2017.

Recent trading signals Meditech Research is being distributed
On Balance Volume /
Recent trading signals Meditech Research is being distributed

[BEARISH]: Meditech Research current price has highlighted recent distribution. Currently, the OBV is -1.87704e+006.

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

[BEARISH]: Meditech Research 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%.

Average True Range /
Daily trading has confirmed an ATR downtrend (0.017) for Meditech Research

[Bearish]: Average True Range has confirmed an downtrend is present. Meditech Research has a TR of 0.01, and an ATR(14) of 0.017.

Daily Volume Index /
Traders are currently distributing Meditech Research

[BEARISH CROSSOVER]: Meditech Research current price has highlighted the commencement of distribution and the start of bearish trading conditions.

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

[BEARISH CROSSOVER]: Meditech Research currently has negative rate of change of -16%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

Meditech Research is in a short term downtrend with the resistance price @$3.908
Triangular Moving Average /
Meditech Research is in a short term downtrend with the resistance price @$3.908

[BEARISH]: Meditech Research 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%.

Volume /
Weaker volume performance from MTR has seen a lower volume of -3 [Downtrend]

[BEARISH]: Meditech Research current volume downtrend in the first timeframe. Volume for MTR is1.27953e+006 (-3).

Woodie Pivot Point /
Meditech Research has broken the first Woodie support point ($3.896) [Bearish]

Meditech Research has broken the first Woodie support point ($3.896) [Bearish]. Look for a short limit order entry near this point. Exit price for MTR should be set @$3.893 & short position stoploss for Meditech Research should be set at $3.913

Stochastic Oscillator /
Stochastic Oversold signal is still current for Meditech Research [Bullish]

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

[Selling Pressure]: EFI (-727) confirms bearish conditions for Meditech Research
Elders Force Index /
[Selling Pressure]: EFI (-727) confirms bearish conditions for Meditech Research

[BEARISH]: Meditech Research current price has highlighted recent selling pressure. Currently, the Elders Force Index is -727.

Price continues to trade below the Weighted Moving Average(5) for MTR
Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for MTR

[BEARISH]: Meditech Research 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%.

Initiation of oversold signal for Meditech Research [Bullish Crossover]
Relative Strength Index /
Initiation of oversold signal for Meditech Research [Bullish Crossover]

[BULLISH]: Meditech Research is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @24.5495

Accumulation / Distribution /
Meditech Research: Current trading activity signals distribution is confirmed

[BEARISH CROSSOVER]: Meditech Research current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Simple Moving Average /
Meditech Research is in a short term downtrend with the closing price @$3.9

[BULLISH]: Meditech Research 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%.

Opening Price /
[Bullish]: Opening performance for MTR of -0.3 % was achieved in last trading session

MTR: OPEN Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: NEUTRAL (3) 09 Jan: NEUTRAL

Fibonacci Extensions /
Meditech Research has moved below the 161.8% extension level ($12.37) [Bullish]

Meditech Research has moved below the 161.8% level ($12.37) [Bullish]. Look for a long limit order entry near this point. Exit price for MTR should be set @$18.41 & Stoploss for Meditech Research should be set at $6.33

Sellers have decreased eagerness for MTR reducing strength of a continued downtrend in the first timeframe.
Range Tod Vs Range Yest /
Sellers have decreased eagerness for MTR reducing strength of a continued downtrend in the first timeframe.

[WEAK BULLISH]: Meditech Researchsellers are becoming less eager. There has been 2 consecutive days of range increase for MTR 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.

Open Tod Vs Close Tod /
Meditech Research: Buyers have lost control.

MTR: Open today versus close yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH STRONG

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