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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[Bearish]: Lower volume has formed for MVP by -23.6 during the last trading session
Volume /
[Bearish]: Lower volume has formed for MVP by -23.6 during the last trading session

MVP: VOLUME Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BEARISH (3) 19 Apr: BULLISH

Market conditions are indicating OBV distribution is current for MVP
On Balance Volume /
Market conditions are indicating OBV distribution is current for MVP

[BEARISH]: Medical Developments current price has highlighted recent distribution. Currently, the OBV is -2631935.0000.

Elders Force Index /
Elders Force Index (-1426.0000) has signalled bearish conditions in recent trading for MVP

[BEARISH]: Medical Developments current price has highlighted recent selling pressure. Currently, the Elders Force Index is -1426.0000.

Low Price /
Recent trading for Medical Developments fell short of the previous low by -1.3 %

[BULLISH]: Medical Developments current downtrend in the first timeframe. Currently, the Low is $6.8900 (-1.3 %).

Ease of Movement /
Trading session closed lower on low volume for Medical Developments [Bearish]

MVP: EOM Current Signal -> (1) 23 Apr: BEARISH EASY (2) 20 Apr: BULLISH HARD (3) 19 Apr: BULLISH HARD

Close Tod Vs Close Yest /
Daily trading performance for MVP has initiated a short term downtrend

[BEARISH]: Medical Developmentssellers are keener than buyers and are driving the price down. This is the first day of price decline for MVP adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.8 & the greatest daily negative change this year has been -6.3. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -16.5%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -5.2%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -1.300000%

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Price Range /
Volatile price performance from MVP has seen a range of 0.1800 [Uptrend]

[BULLISH]: Medical Developments current uptrend in the first timeframe. Currently, the Range is $0.1800.

Ulcer index has increased in stress level & high drawdown is expected for MVP
Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for MVP

MVP: UIX Current Signal -> (1) 23 Apr: High stress (2) 20 Apr: High stress (3) 19 Apr: High stress

Medical Developments: Average True Range (0.1890) has confirmed an downtrend is present
Average True Range /
Medical Developments: Average True Range (0.1890) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Medical Developments has a TR of 0.1800, and an ATR(14) of 0.1890.

Demarks Pivot Points /
Stoploss for Medical Developments should be set between $6.8300

Medical Developments has broken the first DeMark resistance point ($6.9500) [Bullish]. Look for a long limit order entry near this point. Exit price for MVP should be set @$7.0100 & Stoploss for Medical Developments should be set at $6.8300

Momentum /
Medical Developments currently has positive momentum of 0.1000

[BULLISH]: Medical Developments currently has positive momentum of 0.1000. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7000%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 0%%.

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Medical Developments indicating downward price movement is likely

[BEARISH]: Medical Developments currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.7%.

Woodie pivot point for MVP is bullish. Stoploss should be positioned @$6.7850
Woodie Pivot Point /
Woodie pivot point for MVP is bullish. Stoploss should be positioned @$6.7850

Medical Developments has broken the first Woodie resistance point ($7.0400) [Bullish]. Look for a long limit order entry near this point. Exit price for MVP should be set @$7.1450 & Stoploss for Medical Developments should be set at $6.7850

Medical Developments: Range Performance (100.0)
Range Tod Vs Range Yest /
Medical Developments: Range Performance (100.0)

MVP: Range today versus range yesterday Current Signal ->(1) 23 Apr: BULLISH (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for Medical Developments

[BEARISH WEAK]: Medical Developments opened in the upper part of daily range at 88.900000000000000% & closed in the middle part of the trading range at 33.300000000000000%. This suggests the sellers have lost commitment. Over the last 12 months there has been 35 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 13.3%. Over the last month there has been 5 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 31.3%.

Moving Average Envelope /
Closing price ($6.9500) for MVP is still below the Lower Envelope Band

[BULLISH]: Medical Developments current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 6.8020.

Black Candle /
MVP Basic Candle: Black

MVP: Basic Candlestick Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: NEUTRAL (3) 19 Apr: BEARISH

Medical Developments has broken the first resistance point ($7.0500) [Bullish]
Pivot Points /
Medical Developments has broken the first resistance point ($7.0500) [Bullish]

Medical Developments has broken the first resistance point ($7.0500) [Bullish]. Look for a long limit order entry near this point. Exit price for MVP should be set @$7.1500 & Stoploss for Medical Developments should be set between $6.7900 & $6.6900

Medical Developments: Daily performance is -0.7 % [Downtrend]
Closing Price /
Medical Developments: Daily performance is -0.7 % [Downtrend]

[BEARISH]: Medical Developments current downtrend in the first timeframe. Currently, the Close is $6.9500.

Medical Developments: Bill Williams Profanity [Fake Day]
Bill Williams Market Facilitation /
Medical Developments: Bill Williams Profanity [Fake Day]

Medical Developments Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MVP. Trend continuation possible for MVP from reduced trading activity.

Percentage Volume /
Medical Developments: Percentage Volume Oscillator (-18.0700)

[BEARISH]: Medical Developments currently has negative PVO -18.1000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.2%.

Opening Price /
Price for MVP has opened stronger than close of the previous trading session

MVP: OPEN Current Signal -> (1) 23 Apr: BULLISH (2) 20 Apr: NEUTRAL (3) 19 Apr: BULLISH

Rate of Change /
Rate of change continues to build for Medical Developments signalling a short term downtrend is likely

[BEARISH]: Medical Developments currently has negative rate of change of -1.7000%. 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

Exponential Moving Average /
MVP: Price has moved below the EMA(5) @$6.9746

[BEARISH]: Medical Developments currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.7%.

[Bullish]: Medical Developments has beaten previous high by 0.0 %
High Price /
[Bullish]: Medical Developments has beaten previous high by 0.0 %

MVP: HIGH Current Signal -> (1) 23 Apr: NEUTRAL (2) 20 Apr: BEARISH (3) 19 Apr: BULLISH

MVP: Price has moved below the WMA(5) @$6.9820
Weighted Moving Average /
MVP: Price has moved below the WMA(5) @$6.9820

MVP: WMA Current Signal -> (1) 23 Apr: BULLISH (2) 20 Apr: BEARISH (3) 19 Apr: BEARISH

Fibonacci Extensions /
The 161.8% Fibonacci extension level for MVP has moved to the upper limit. Stoploss should be positioned @$2.0800

Medical Developments has moved above the 161.8% level ($1.8200) [Bearish]. Look for a short limit order entry near this point. Exit price for MVP should be set @$1.5600 & short position stoploss for Medical Developments should be set at $2.0800

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