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

Metcash
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Initiation of an overbought CCI signal for Metcash
Commodity Channel Index /
Initiation of an overbought CCI signal for Metcash

[BEARISH CROSSOVER]: Metcash current price has driven Commodity Channel Index to become overbought signalling the start of bearish trading conditions. Currently, the CCI is 103. During the quarter, the highest CCI value was 103. The last overbought signal occurred on Sep 12 2017

Daily trading has maintained an Downtrend medium trend for Metcash
Medium Trend /
Daily trading has maintained an Downtrend medium trend for Metcash

MTS: Medium Term Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

On Balance Volume /
Metcash: Confirmation of stock distribution

[BEARISH]: Metcash current price has highlighted recent distribution. Currently, the OBV is -1.48423e+007.

Long Trend /
Metcash: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Metcash has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 16 2017.

Elders Force Index /
Bullish conditions for MTS are likely to continue based on EFI (38729)

[BULLISH]: Metcash current price has highlighted recent buying pressure. Currently, the Elders Force Index is 38729.

Fibonacci Extensions /
Metcash has moved above the 161.8% extension level ($0.96) [Bearish]

Metcash has moved above the 161.8% level ($0.96) [Bearish]. Look for a short limit order entry near this point. Exit price for MTS should be set @$1.11 & short position stoploss for Metcash should be set at $0.81

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VALUE /
The current P/E ratio of Metcash is 14.721

Metcash Key financial metrics: (1) EPS: $0.179 (2) P/E Ratio: 14.721

[Bearish]: Displaced moving average is currently above the price for MTS
Detrended Price Oscillator /
[Bearish]: Displaced moving average is currently above the price for MTS

[BEARISH]: Metcash currently has a confirmed downtrend. Price is currently below the displaced moving average for MTSCurrently, the return on DPO20 is 2.1%.

MTS has achieved a lower volume of 3.76586e+006 (-28.3)
Volume /
MTS has achieved a lower volume of 3.76586e+006 (-28.3)

[BEARISH]: Metcash current volume downtrend in the first timeframe. Volume for MTS is3.76586e+006 (-28.3).

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-64) for Metcash

[BEARISH]: Metcash has a current ARU(25) of 8 and a current ARD(25) of 72

Exponential Moving Average /
MTS: Price continues to move above the EMA(5) @$2.58448

[BULLISH]: Metcash 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 2.1%.

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 2.1%.

Distribution signal for Metcash is confirmed
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.

Metcash: Two White Soldiers
Two White Soldiers /
Metcash: Two White Soldiers

[BULLISH]: Metcash has formed a new Two White Soldiers pattern.

Open Tod Vs Close Tod /
MTS: Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range

[BULLISH WEAK]: Metcash opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 64.3%. This suggests the buyers have lost commitment. Over the last 12 months there has been 33 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 12.5%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 20%.

Woodie Pivot Point /
[Long]: Exit price for MTS should be set @$2.7

Metcash current pivot point (Woodie) is: $2.63. The current resistance levels are: (R1) $2.67: (R2) $2.7The current support levels are: (S1) $2.6: (S2) $2.56

White Candle /
MTS Basic Candle: White

[BULLISH]: Metcash has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Daily trading has confirmed an ATR uptrend (0.065) for Metcash
Average True Range /
Daily trading has confirmed an ATR uptrend (0.065) for Metcash

[Bullish]: Average True Range has confirmed an uptrend is present. Metcash has a TR of 0.08, and an ATR(14) of 0.065.

MTS: Stochastic Oscillator has just risen above the overbought limit @88.6
Stochastic Oscillator /
MTS: Stochastic Oscillator has just risen above the overbought limit @88.6

MTS: Stochastic Oscillator Trading -> (1) 20 Oct: 88.6 (2) 19 Oct: 63.6 (3) 18 Oct: 61.8

Pivot point for MTS is bullish. Stoploss should be positioned @$2.558
Pivot Points /
Pivot point for MTS is bullish. Stoploss should be positioned @$2.558

Metcash has broken the first resistance point ($2.666) [Bullish]. Look for a long limit order entry near this point. Exit price for MTS should be set @$2.698 & Stoploss for Metcash should be set between $2.558 & $2.526

TRADE /
Metcash: Market Cap ($2.57B)

Metcash key financial metrics: (1) MCAP: $2.57B (2) Shares: 975641000 (3) Free Float: 974871000

Ulcer Index /
Drawdown for Metcash is currently high signalling high stress

[BULLISH]: Metcash UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.523.

Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for MTS

[BEARISH]: Metcash current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.14. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.34

Percentage Price /
Metcash: Price Percentage Oscillator

[BEARISH]: Metcash currently has negative PPO -0.700%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Bull power has increased for Metcash signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Metcash signalling bullish conditions are likely

[BULLISH]: MetcashElder Ray Index is signalling a Bullish movementERI is 0.097 indicating bull power. Prices are being driven above the consensus of value for MTS during the last trading session [Buying Pressure]

Close for MTS has surpassed the close of the previous trading session
Closing Price /
Close for MTS has surpassed the close of the previous trading session

[BULLISH]: Metcash current uptrend in the first timeframe. Currently, the Close is $2.635.

Ex-Dividend /
The last ex-dividend date recorded for MTS occurred on the Dec 4 2014

The last ex-dividend date recorded for MTS occurred on the Dec 4 2014. This event was 1051 days from the current trading day.

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