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

Metcash
+ Share

William %R overbought signal had been initiated for Metcash
Williams %R /
William %R overbought signal had been initiated for Metcash

MTS: William %R Recent Trading -> (1) 19 Feb: -15.2 (2) 16 Feb: -21.2 (3) 15 Feb: -6.3

Recent trading for Metcash fell short of the previous low by -1.4 %
Low Price /
Recent trading for Metcash fell short of the previous low by -1.4 %

[BULLISH]: Metcash current downtrend in the first timeframe. Currently, the Low is $3.18 (-1.4 %).

Elders Force Index /
Bullish conditions for MTS are likely to continue based on EFI (24780)

[BULLISH]: Metcash current price has highlighted recent buying pressure. Currently, the Elders Force Index is 24780.

Close Tod Vs Range Tod /
Metcash closed in the upper part of daily range at 87.5%.

[BULLISH]: Metcash buyers are in control at the market close. This is the first day of buyer commitment for Metcash 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 111 trading days with the closing price in the upper part of the range giving a confirmation ratio of 43.5%. Over the last month there has been 10 trading days with the closing price in the upper range giving a confirmation ratio of 83.3%. Currently this quarter, closing price has spent 11 days in the upper price range compared to 9 days in the lower range giving a ratio of 1.2x.

Short Trend /
MTS: Short term trend has confirmed an Downtrend

MTS: Daily Trend Current Signal -> (1) 19 Feb: BEARISH CONFIRM (2) 16 Feb: BULLISH (3) 15 Feb: BULLISH

Aroon Oscillator /
Metcash: Aroon oscillator (32) has confirmed an uptrend is present

[BULLISH]: Metcash has a current ARO(25) of 32. This has change 0 points from yesterday.

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Triangular Moving Average /
The TMA trend following signal is still current for Metcash [Bullish]

[BULLISH]: Metcash 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 0.6%.

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

MTS: EMA(5) Recent Trading -> (1) 19 Feb: 3.21818 (2) 16 Feb: 3.20228 (3) 15 Feb: 3.18841

Metcash has broken the first Woodie support point ($3.21) [Bearish]
Woodie Pivot Point /
Metcash has broken the first Woodie support point ($3.21) [Bearish]

Metcash current pivot point (Woodie) is: $3.235. The current resistance levels are: (R1) $3.29: (R2) $3.315The current support levels are: (S1) $3.21: (S2) $3.155

Daily Volume Index /
Metcash is being actively accumulated based on DVI

[BULLISH]: Metcash current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Sine Weighted Moving Average /
[Bullish]: Trend following indicator for MTS highlights upward price direction is likely

MTS: SWMA Current Signal -> (1) 19 Feb: BEARISH (2) 16 Feb: BEARISH (3) 15 Feb: BEARISH CROSSOVER

Commodity Channel Index /
Metcash: Price level has retraced to average & is no longer overbought

[NEUTRAL]: Metcash current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 89. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 222.

Metcash has broken the first DeMark resistance point ($3.235) [Bullish]
Demarks Pivot Points /
Metcash has broken the first DeMark resistance point ($3.235) [Bullish]

Metcash has broken the first DeMark resistance point ($3.235) [Bullish]. Look for a long limit order entry near this point. Exit price for MTS should be set @$3.29 & Stoploss for Metcash should be set at $3.21

Limit order for a long position has been identified for Metcash @$0)
Fibonacci Retracements /
Limit order for a long position has been identified for Metcash @$0)

Metcash is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for MTS should be set @$5.29 & Stoploss for Metcash should be set between $5.18

High Price /
High for MTS has not surpassed the high of the previous trading session

[BEARISH]: Metcash current downtrend in the first timeframe. Currently, the HIGH is -1.2 %.

Chaikin Money Flow /
CMF highlights continued positive divergence for Metcash

[BULLISH]: Metcash current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.28. The bullish signal has been active for 2 days. During the quarter, the highest CMF value was 0.28

Simple Moving Average /
[Bullish]: SMA(5) is serving as a support line for Metcash

[BEARISH]: Metcash 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 0.6%.

Metcash: Range Performance (6.7)
Range Tod Vs Range Yest /
Metcash: Range Performance (6.7)

[BEARISH]: Metcashsellers are increasingly eager. This is the first day sellers have increasing eagerness for MTS adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.33 & the greatest daily price range this year has been $0.33. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 1x.

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

[BEARISH]: MetcashElder Ray Index is signalling a Bearish movementERI is -0.007 indicating bear power. Prices are being driven below the consensus of value for MTS during the last trading session [Selling Pressure]

Recent trading for MTS has beaten the previous volume high by 59.2 [Uptrend]
Volume /
Recent trading for MTS has beaten the previous volume high by 59.2 [Uptrend]

[BULLISH]: Metcash current volume uptrend in the first timeframe. Volume for MTS is1.99253e+006 (59.2).

Price Range /
Recent trading for Metcash has surpassed the previous price range ($0.08)

[BULLISH]: Metcash current uptrend in the first timeframe. Currently, the Range is $0.08.

Medium Trend /
Metcash: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Metcash is in an uptrend in the medium term timeframe. The current rally number is 5 & the highest rally count for the LTM is 79. The highest rally for the month is 12

Moving Average Envelope /
Oversold signal continues for Metcash indicating upward price movement is likely

[BULLISH]: Metcash current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.0115.

Percentage Volume /
MTS: Percentage Volume Oscillator [Bearish]

[BEARISH]: Metcash currently has negative PVO -4.8%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.6%.

Open/close reversal confirmed for Metcash signalling the sellers have lost control
Open Tod Vs Close Tod /
Open/close reversal confirmed for Metcash signalling the sellers have lost control

[BULLISH]: Metcash opened in the upper part of daily range at 87.5% & closed in the upper part of the trading range at 87.5%. This suggests the sellers have lost control. Over the last 12 months there has been 15 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 5.9%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 16.7%.

Metcash: Daily opening price is $3.25
Opening Price /
Metcash: Daily opening price is $3.25

[BULLISH]: Metcash opening price has gapped up. Currently, the OPEN is $3.25 (-1.2 %).

MACD Volume /
Volume MACD oscillator remains negative for MTS

[BEARISH]: Metcash currently has negative Volume MACD of -138998. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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