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

Metcash
+ Share

The MFI for MTS has returned to normal money flow
Money Flow Index /
The MFI for MTS has returned to normal money flow

MTS: MFI Recent Trading -> (1) 17 May: 34.74 (2) 17 May: 14.1 (3) 17 May: 39.33

Metcash: Closing price $3.41 is below the TMA(5) @$3.433
Triangular Moving Average /
Metcash: Closing price $3.41 is below the TMA(5) @$3.433

[BEARISH]: Metcash 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 -0.3%.

Rate of Change /
Metcash currently has negative rate of change for -5.278

[BEARISH]: Metcash currently has negative rate of change of -5.278%. 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

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Metcash & are driving the price down.

MTS: Recent performance signals ->(1) 17 May: NEUTRAL (2) 17 May: NEUTRAL (3) 17 May: BULLISH

On Balance Volume /
Confirmation of Metcash is currently being accumulated via OBV

[BULLISH]: Metcash current price has highlighted recent accumulation. Currently, the OBV is 1.61465e+007.

Average True Range /
Daily trading has confirmed an ATR uptrend (0.077) for Metcash

MTS: Average True Range Recent Trading -> (1) 17 May: 0.077 (2) 17 May: 0.014 (3) 17 May: 0.132

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Price Range /
MTS has achieved a higher range ($0.07)

MTS: Price Range Current Signal -> (1) 17 May: BULLISH (2) 16 May: BEARISH (3) 15 May: BULLISH

Price is now trading below the Weighted Moving Average(5) for MTS
Weighted Moving Average /
Price is now trading below the Weighted Moving Average(5) for MTS

[BEARISH]: Metcash 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 -0.3%.

Woodie pivot point for MTS is bearish. Stoploss should be positioned @$3.488
Woodie Pivot Point /
Woodie pivot point for MTS is bearish. Stoploss should be positioned @$3.488

Metcash has broken the first Woodie support point ($3.376) [Bearish]. Look for a short limit order entry near this point. Exit price for MTS should be set @$3.348 & short position stoploss for Metcash should be set at $3.488

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Metcash

[BEARISH]: Metcash current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 3.528.

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

[BEARISH]: Metcash current price have moved downwards on high volume. Currently, the Ease of Movement is -0.01

Metcash has moved below the 161.8% extension level ($97.57) [Bullish]
Fibonacci Extensions /
Metcash has moved below the 161.8% extension level ($97.57) [Bullish]

Metcash has moved below the 161.8% level ($97.57) [Bullish]. Look for a long limit order entry near this point. Exit price for MTS should be set @$108.34 & Stoploss for Metcash should be set at $86.8

Metcash: Volume rate of Change (14)
Volume Rate of Change /
Metcash: Volume rate of Change (14)

[BEARISH]: Metcash currently has negative rate of change of -3%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.3%.

Open Tod Vs Close Tod /
Metcash: Over the last 12 months there has been 29 trading days giving a confirmation ratio of 11%.

[BEARISH]: Metcash opened in the middle part of daily range at 42.9% & closed in the lower part of the trading range at 28.6%. This suggests the sellers have taken control. Over the last 12 months there has been 29 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 11%. Over the last month there has been 5 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 38.5%.

Low Price /
Metcash has failed to achieve a lower low of $3.3900 (-0.4 %)

[BULLISH]: Metcash current downtrend in the first timeframe. Currently, the Low is $3.39 (-0.4 %).

Range Tod Vs Range Yest /
Metcash: Range Performance (27.3)

[BEARISH]: Metcash sellers 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 $0.2700 & the greatest daily price range this year has been $0.7250. 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 0.4x.

Price continues to trade below the Simple Moving Average(5) for MTS
Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for MTS

[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 -0.3%.

MTS Basic Candle: Black
Black Candle /
MTS Basic Candle: Black

MTS: Basic Candlestick Recent Trading -> (1) 17 May: Black Candle (2) 16 May: Short Black Candle (3) 15 May: Long Black Candle

[Bearish]: Metcash currently has negative MACD histogram -0.0284
MACD /
[Bearish]: Metcash currently has negative MACD histogram -0.0284

[BEARISH]: Metcash currently has negative MACD of -0.0284. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.2%.

Aroon Oscillator /
MTS: Aroon oscillator has confirmed an uptrend @40

[BULLISH]: Metcash has a current ARO(25) of 40. This has change -4 points from yesterday.

Closing Price /
Weaker price performance from MTS has seen a lower close of -0.3 % [Downtrend]

[BEARISH]: Metcash current downtrend in the first timeframe. Currently, the Close is $3.41.

Detrended Price Oscillator /
Price is currently above the displaced moving average for MTS [Bullish]

[BULLISH]: Metcash currently has a confirmed uptrend. Price is currently above the displaced moving average for MTS. Currently, the return on DPO20 is -0.3%.

Accumulation / Distribution /
Distribution signal for Metcash is confirmed

[BEARISH]: Metcash current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.32132e+007.

Metcash: Volume MACD oscillator (-199926)
MACD Volume /
Metcash: Volume MACD oscillator (-199926)

MTS: Volume MACD Recent Trading -> (1) 17 May: -199926 (2) 16 May: -291050 (3) 15 May: -279799

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

[BEARISH CROSSOVER]: Metcash current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.17. During the quarter, the lowest CMF value was -0.17 occurring on the May 9 2018.

Close Tod Vs Range Tod /
MTS: Over the last 12 months there has been 72 trading days with the closing price in the lower part of the range giving a confirmation ratio of 27.4%.

MTS: Close versus price range Current Signal ->(1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BEARISH

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