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

Medical Developments
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Open/close reversal: Buyers have taken control during the trading day for MVP
Open Tod Vs Close Tod /
Open/close reversal: Buyers have taken control during the trading day for MVP

[BULLISH]: Medical Developments opened in the middle part of daily range at 35.7% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 18 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 6.8%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

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.

Closing Price /
Recent trading for Medical Developments has surpassed the previous close by 1.4 %

MVP: CLOSE Recent Trading -> (1) 22 Jun: 5.9 (2) 21 Jun: 5.82 (3) 20 Jun: 5.7

MACD /
Medical Developments: MACD oscillator (0.0072)

[BULLISH]: Medical Developments currently has positive MACD of 0.0072. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.3%.

Triangular Moving Average /
Medical Developments is in a short term downtrend with the closing price @$5.9

[BEARISH]: Medical Developments 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 1.4%.

MACD Volume /
Medical Developments: Volume MACD oscillator (-2892)

[BEARISH]: Medical Developments currently has negative Volume MACD of -2892. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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Demarks Pivot Points /
Medical Developments has moved above the R1 DeMark pivot point ($5.865) [Bullish]

Medical Developments has broken the first DeMark support point ($5.865) [Bearish]. Look for a short limit order entry near this point. Exit price for MVP should be set @$5.8300 & short position stoploss for Medical Developments should be set at $5.97

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

[BULLISH]: Medical Developments 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 1.4%.

Negative momentum: Price is trading lower for Medical Developments than 5 days ago
Momentum /
Negative momentum: Price is trading lower for Medical Developments than 5 days ago

[BEARISH]: Medical Developments currently has negative momentum of -0.17 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 1.4%.The largest downward momentum rally for the last 3 months is 10 days producing a return of -26.7%.

Weighted Moving Average /
The WMA trend following signal is now active for Medical Developments [Bullish]

[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 1.4%.

Aroon Oscillator /
Medical Developments: Aroon oscillator (76) has confirmed a strong uptrend is present

[BULLISH]: Medical Developments has a current ARU(25) of 84 and a current ARD(25) of 8

Close Tod Vs Close Yest /
Closing price for MVP ($5.9) signals buyers are still keener than sellers

[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 2.1 & the greatest daily positive change this year has been 8.6. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 12.7%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 10.3%. The win ratio for price rise 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 upward movement has been 1.300000%

Negative momentum on volume for MVP is maintained & supports a bearish move is likely
Percentage Volume /
Negative momentum on volume for MVP is maintained & supports a bearish move is likely

[BEARISH]: Medical Developments currently has negative PVO -31.99%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.3%.

Medical Developments: ATR (0.177)
Average True Range /
Medical Developments: ATR (0.177)

[Bearish]: Average True Range has confirmed an downtrend is present. Medical Developments has a TR of 0.14, and an ATR(14) of 0.177.

Volume /
Weaker volume performance from MVP has seen a lower volume of -21.2 [Downtrend]

[BEARISH]: Medical Developments current volume downtrend in the first timeframe. Volume for MVP is 35917 (-21.2).

Elder Ray Index /
[Bear Power]: Prices are being driven below the consensus of value for MVP during the last trading session

[BEARISH]: Medical Developments Elder Ray Index is signalling a Bearish movementERI is -0.185 indicating bear power. Prices are being driven below the consensus of value for MVP during the last trading session [Selling Pressure]

Fibonacci Extensions /
[Short]: Exit price for MVP should be set @$3.55

Medical Developments: The current Fibonacci Extension levels are: (23.61%) $6.05: (38.2%) $5.97: (50%) $5.91: (61.8%) $5.85The current support levels are: (78.6%) $5.76: (100%) $5.65: (138.2%) $5.45: (161.8%) $5.33: (261.8%) $4.81: (423.61%) $3.97

The SMA trend following signal is still current for Medical Developments [Bearish]
Simple Moving Average /
The SMA trend following signal is still current for Medical Developments [Bearish]

[BEARISH]: Medical Developments 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 1.4%.

[Downtrend]: Price for Medical Developments is currently below the displaced moving average
Detrended Price Oscillator /
[Downtrend]: Price for Medical Developments is currently below the displaced moving average

MVP: DPO Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

[Bullish]: Medical Developments has beaten previous low by 1.4 %
Low Price /
[Bullish]: Medical Developments has beaten previous low by 1.4 %

[BEARISH]: Medical Developments current uptrend in the first timeframe. Currently, the Low is $5.76 (1.4 %).

Moving Average Envelope /
Oversold signal continues for Medical Developments indicating upward price movement is likely

[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 5.776.

Ease of Movement /
Trading session closed higher on low volume for Medical Developments [Bullish]

MVP: EOM Current Signal -> (1) 22 Jun: BULLISH EASY (2) 21 Jun: BEARISH EASY (3) 20 Jun: BEARISH EASY

Short Trend /
Medical Developments: Daily Uptrend has been confirmed

[BULLISH]: Medical Developments is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 6

Pivot Points /
[Long]: Limit orders for Medical Developments should be set at $5.946

Medical Developments has broken the first resistance point ($5.946) [Bullish]. Look for a long limit order entry near this point. Exit price for MVP should be set @$5.993 & Stoploss for Medical Developments should be set between $5.713 & $5.666

[Low Stress]: Low drawdown associated with recent trading of MVP
Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of MVP

[BEARISH]: Medical Developments UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.992.

CMF has positive divergence between price and volume
Chaikin Money Flow /
CMF has positive divergence between price and volume

[BULLISH]: Medical Developments current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.17. MVP received a confirmed CMF crossover days on the Jun 19 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.21 occurring on the Jun 19 2018.

Opening Price /
Weak opening from MVP has seen an decrease of 1.9 % [Downtrend]

[BEARISH]: Medical Developments opening price has gapped down. Currently, the OPEN is $5.81 (1.9 %).

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