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

Metcash
+ Share

Buying pressure for Metcash continues - bullish signal
Chaikin Money Flow /
Buying pressure for Metcash continues - bullish signal

[BULLISH]: Metcash current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.13. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.22

Trading for Metcash highlights the commitment of sellers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Metcash highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Metcash sellers in control. This is the first day of seller commitment for Metcash adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 249 trading days with the closing price in the lower part of the range giving a confirmation ratio of 94.7%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 35 days in the lower price range compared to 39 days in the upper range giving a ratio of 0.9x.

Open Tod Vs Close Tod /
Metcash opened in the middle part of daily range at 60% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control.

MTS: Open today versus close yesterday Recent Trading ->(1) 12 Dec: 60% (2) 11 Dec: 0% (3) 08 Dec: 50%

High Price /
Metcash: Daily high performance is 0 % [Uptrend]

MTS: HIGH Current Signal -> (1) 12 Dec: NEUTRAL (2) 11 Dec: BULLISH (3) 08 Dec: BEARISH

Simple Moving Average /
Price continues to trade above 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 -1.2%.

Bear Harami /
Metcash: Bear Harami

[BEARISH]: Metcash has formed a new Bear Harami reversal pattern.

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Fibonacci Extensions /
Stoploss for Metcash should be set at $5.07

Metcash has moved below the 161.8% level ($5.56) [Bullish]. Look for a long limit order entry near this point. Exit price for MTS should be set @$6.05 & Stoploss for Metcash should be set at $5.07

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 0.213 indicating bull power. Prices are being driven above the consensus of value for MTS during the last trading session [Buying Pressure]

Momentum continues to rise for Metcash signalling an uptrend will persist
Momentum /
Momentum continues to rise for Metcash signalling an uptrend will persist

[BULLISH]: Metcash currently has positive momentum of 0.1. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -1.2%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 7.6%%.

Medium Trend /
MTS: Medium term trend is still an Uptrend

[BULLISH]: Metcash is in an uptrend in the medium term timeframe. The current rally number is 10 & the highest rally count for the LTM is 10. The highest rally for the month is 8

Black Candle /
MTS Basic Candle: Black

[BEARISH]: Metcash has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (92) for Metcash

[BULLISH]: Metcash has a current ARO(25) of 92. This has change 4 points from yesterday.

Price moved on high volume to close higher for the day for MTS [Difficult to Move]
Ease of Movement /
Price moved on high volume to close higher for the day for MTS [Difficult to Move]

MTS: EOM Current Signal -> (1) 12 Dec: BULLISH HARD (2) 11 Dec: BULLISH HARD (3) 08 Dec: BEARISH HARD

Traders are currently accumulating Metcash
On Balance Volume /
Traders are currently accumulating Metcash

[BULLISH]: Metcash current price has highlighted recent accumulation. Currently, the OBV is 3.93618e+007.

Ulcer Index /
Metcash: Ulcer Index 2.398 [Low Stress]

[BEARISH]: Metcash UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.398.

Volume /
Volume for MTS has not surpassed the volume of the previous trading session

[BEARISH]: Metcash current volume downtrend in the first timeframe. Volume for MTS is6.7708e+006 (-19.1).

Percentage Price /
Metcash: Price Percentage Oscillator

[BULLISH]: Metcash currently has positive PPO 4.400%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

The SWMA trend following signal is still current for Metcash [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Metcash [Bullish]

[BULLISH]: Metcash currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -1.2%.

Rate of change continues to build for Metcash signalling a short term uptrend is likely
Rate of Change /
Rate of change continues to build for Metcash signalling a short term uptrend is likely

[BULLISH]: Metcash currently has positive rate of change of 13.5%. 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

Metcash: Daily opening performance is 2.5 % [Downntrend]
Opening Price /
Metcash: Daily opening performance is 2.5 % [Downntrend]

[BEARISH]: Metcash opening price has gapped down. Currently, the OPEN is $3.22 (2.5 %).

MACD Volume /
Metcash: Volume MACD oscillator (90618)

[BULLISH]: Metcash currently has positive Volume MACD of 90618. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Demarks Pivot Points /
Metcash: Look for a long limit order entry @$3.2025

Metcash has broken the first DeMark support point ($3.2025) [Bearish]. Look for a short limit order entry near this point. Exit price for MTS should be set @$3.165 & short position stoploss for Metcash should be set at $3.215

Price Range /
Metcash: Daily price range is 0.05 [Downtrend]

[BEARISH]: Metcash current downtrend in the first timeframe. Currently, the Range is $0.05.

Accumulation still active for Metcash
Accumulation / Distribution /
Accumulation still active for Metcash

MTS: ADLINE Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH CROSSOVER

Metcash: Percentage Volume Oscillator @23.5 [Bullish]
Percentage Volume /
Metcash: Percentage Volume Oscillator @23.5 [Bullish]

[BULLISH]: Metcash currently has positive PVO 23.5%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 15.5%.

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

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

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