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

Medical Developments
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Medical Developments is being actively accumulated based on OBV
On Balance Volume /
Medical Developments is being actively accumulated based on OBV

[BULLISH]: Medical Developments current price has highlighted recent accumulation. Currently, the OBV is 1.7795e+006.

MVP: Current trading activity signals accumulation is confirmed
Accumulation / Distribution /
MVP: Current trading activity signals accumulation is confirmed

[BULLISH CROSSOVER]: Medical Developments current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Close Tod Vs Close Yest /
This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4%

[BULLISH]: Medical Developmentsbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for MVP adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 2.7 & the greatest daily positive change this year has been 2.7. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 22.5%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 4%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 1.6%

Weighted Moving Average /
[Uptrend]: Recent trading for MVP confirms bullish WMA(5) signal

[BULLISH]: Medical Developments currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 1.6%.

High Price /
High for MVP has surpassed the high of the previous trading session

[BULLISH]: Medical Developments current uptrend in the first timeframe. Currently, the HIGH is 2.2 %.

Close Tod Vs Range Tod /
Medical Developments closed in the upper part of daily range at 80.8%.

[BULLISH]: Medical Developments buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Medical Developments 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 101 trading days with the closing price in the upper part of the range giving a confirmation ratio of 38.7%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 7 days in the lower range giving a ratio of 1.1x.

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Ease of Movement /
Medical Developments was easily moved upward on low volume in recent trading [Bullish]

MVP: EOM Recent Trading -> (1) 11 Jan: 32.972 (2) 11 Jan: 0 (3) 11 Jan: -0.026

Medical Developments: Daily performance is 1.6 % [Uptrend]
Closing Price /
Medical Developments: Daily performance is 1.6 % [Uptrend]

MVP: CLOSE Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BULLISH (3) 09 Jan: BULLISH

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

[BULLISH]: Medical Developments is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 73. The highest rally for the month is 8

Volume Rate of Change /
Medical Developments: Rate of Change (48)

MVP: VROC Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Rate of Change /
Rate of change(14) is increasing for Medical Developments

[BULLISH]: Medical Developments currently has positive rate of change of 6.9%. 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

Volume /
Medical Developments: Daily volume performance is 29.3 [Uptrend]

[BULLISH]: Medical Developments current volume uptrend in the first timeframe. Volume for MVP is185308 (29.3).

MVP has achieved a lower range ($0.26)
Price Range /
MVP has achieved a lower range ($0.26)

[BEARISH]: Medical Developments current downtrend in the first timeframe. Currently, the Range is $0.26.

MVP Basic Candle: White
White Candle /
MVP Basic Candle: White

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

White Soldiers /
Medical Developments: Advancing White Soldiers

[BULLISH]: Medical Developments has formed a new Advancing White Soldiers pattern.

Demarks Pivot Points /
Medical Developments has moved above the R1 DeMark pivot point ($7.6725) [Bullish]

Medical Developments has broken the first DeMark resistance point ($7.6725) [Bullish]. Look for a long limit order entry near this point. Exit price for MVP should be set @$7.855 & Stoploss for Medical Developments should be set at $7.595

Relative Strength Index /
Relative Strength Index (89.2435) for MVP is now above the overbought limit

[BEARISH]: Medical Developments is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @89.2435

First timeframe trend of Medical Developments has signalled a rally day
Coles Reaction Day /
First timeframe trend of Medical Developments has signalled a rally day

Medical Developments: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for MVP

Momentum(5) is now increasing for Medical Developments
Momentum /
Momentum(5) is now increasing for Medical Developments

[BULLISH CROSSOVER]: Medical Developments currently has positive momentum of 0.66. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.6%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 4%%.

Recent trading signals Medical Developments is being accumulated
Daily Volume Index /
Recent trading signals Medical Developments is being accumulated

MVP: DVI Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Woodie Pivot Point /
Medical Developments has moved above the R1 Woodie pivot point ($7.83) [Bullish]

Medical Developments has broken the first Woodie resistance point ($7.83) [Bullish]. Look for a long limit order entry near this point. Exit price for MVP should be set @$7.92 & Stoploss for Medical Developments should be set at $7.4

Triangular Moving Average /
Price is now trading above the Triangular Moving Average(5) for MVP

[BULLISH]: Medical Developments 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 1.6%.

Exponential Moving Average /
Price is now trading above the Exponential Moving Average(5) for MVP

[BULLISH]: Medical Developments 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 1.6%.

Opening Price /
Strong opening from MVP has seen an increase of 2.4 % [Uptrend]

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

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

MVP: SWMA Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH

Overbought signal has just been triggered for Medical Developments
Moving Average Envelope /
Overbought signal has just been triggered for Medical Developments

[BEARISH CROSSOVER]: Medical Developments current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 7.2975.

Bollinger Bands /
Closing price for MVP has crossed above the upper Bollinger Band triggering a bearish crossover signal

[BEARISH CROSSOVER]: Medical Developments has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 111.83% with a current width of 13.15.

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