MWY | Australian Securities Exchange

Midway
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Midway has maintained the 2nd timeframe trend [Uptrend]
Medium Trend /
Midway has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Midway is in an uptrend in the medium term timeframe. The current rally number is 4 & the highest rally count for the LTM is 164. The highest rally for the month is 13

The TMA trend following signal is still current for Midway [Bullish]
Triangular Moving Average /
The TMA trend following signal is still current for Midway [Bullish]

[BULLISH]: Midway currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -0.6%.

Weighted Moving Average /
MWY: Price continues to move above the WMA(15) @$3.057

MWY: WMA Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH CROSSOVER (3) 15 Oct: BEARISH CROSSOVER

Open Tod Vs Close Tod /
Open/close reversal confirmed for Midway signalling the sellers have lost control

[BULLISH]: Midway opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 100%. This suggests the sellers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 7.7%.

Aroon Oscillator /
Midway: ARO(-84) has signalled and strong downtrend is current

[BEARISH]: Midway has a current ARU(25) of 4 and a current ARD(25) of 88

Momentum /
Momentum(14) is increasing for Midway

MWY: MOM Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH (3) 15 Oct: BULLISH

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Exponential Moving Average /
Midway is in a short term uptrend with the closing price @$3.1

[BULLISH]: Midway currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -0.6%.

Midway: 1.618 Fibonacci Extension ($3.24)
Fibonacci Extensions /
Midway: 1.618 Fibonacci Extension ($3.24)

Midway: The current Fibonacci Extension levels are: (23.61%) $2.97: (38.2%) $3: (50%) $3.03: (61.8%) $3.05The current support levels are: (78.6%) $3.08: (100%) $3.12: (138.2%) $3.19: (161.8%) $3.24: (261.8%) $3.43: (423.61%) $3.73

Price spike caused by low volume trading for Midway during last trading session
Ease of Movement /
Price spike caused by low volume trading for Midway during last trading session

MWY: EOM Current Signal -> (1) 17 Oct: BULLISH EASY (2) 16 Oct: BULLISH EASY (3) 15 Oct: BULLISH EASY

Close Tod Vs Range Tod /
Midway: Buyers are in control at the market close.

MWY: Close versus price range Current Signal ->(1) 17 Oct: BULLISH (2) 16 Oct: BULLISH (3) 15 Oct: BEARISH

Demarks Pivot Points /
Midway: DeMark Pivot ($3.085)

Midway current pivot point (DeMark) is: (R1) $3.13. The current pivot point (DeMark) is: (S1) $3.07.

Average Directional Movement /
Recent trading indicates ADX strong trend direction likely for MWY

[Trend]: ADX for MWY has confirmed a strong trend is present. Midway has an ATR(14) of 0.087, a DX of 12.33 & an ADX(14) of 29.44

Midway: MACD oscillator (0.0054)
MACD /
Midway: MACD oscillator (0.0054)

[BULLISH]: Midway currently has positive MACD of 0.0054. This means the signal line is greater than the MACD line signalling a bullish movement.

[Bearish Crossover]: Midway currently has negative Volume MACD histogram -2246
MACD Volume /
[Bearish Crossover]: Midway currently has negative Volume MACD histogram -2246

[BEARISH CROSSOVER]: Midway currently has negative Volume MACD of -2246. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Pivot Points /
Midway: Pivot Point ($3.08)

Midway current pivot point is: 3.08. The current resistance levels are: (R2) $3.14: (R2) $3.14: (R3) $3.18: The current support levels are: (S1) $3.06: (S2) $3.02: (S3) $3

On Balance Volume /
Midway: Current trading activity OBV signals distribution is present

[BEARISH]: Midway current price has highlighted recent distribution. Currently, the OBV is -56742.2.

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

[BEARISH]: Midwaysellers are keener than buyers and are driving the price down. This is the first day of price decline for MWY adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -3.6 & the greatest daily negative change this year has been -35.1. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -38.5%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -3.6%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.6x. Over the last month the average daily downward movement has been -1.800000%

Donchian oversold signal continues for Midway indicating upward price movement is likely
Donchian Channels /
Donchian oversold signal continues for Midway indicating upward price movement is likely

[BULLISH]: Midway is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

William %R (-10.5) for MWY is still above the Overbought limit
Williams %R /
William %R (-10.5) for MWY is still above the Overbought limit

[BULLISH]: Midway is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

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

MWY: Elder Ray Index Recent Trading -> (1) 17 OctBull Power: 0.038Bear Power: -0.022 (2) 16 OctBull Power: 0.065Bear Power: -0.055 (3) 15 OctBull Power: 0.047Bear Power: -0.043

Elders Force Index /
Price & volume confirms continued selling pressure for Midway is likely

[BEARISH]: Midway current price has highlighted recent selling pressure. Currently, the Elders Force Index is -3955.

Rate of Change /
Midway: Rate of Change (14)

[BULLISH]: Midway currently has positive rate of change of 0.324%. 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

Detrended Price Oscillator /
Midway: Detrended Price Oscillator(20) (0.0105)

MWY: DPO Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH CROSSOVER (3) 15 Oct: BEARISH

Percentage Volume /
Percentage volume oscillator remains negative for MWY

[BEARISH]: Midway currently has negative PVO -32.21%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Chaikin Oscillator showing selling pressure for MWY.AX
Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for MWY.AX

Midway (ASX:MWY): Chaikin Oscillator Current Signal -> (1) 17 Oct: BEARISH (2) 16 Oct: BEARISH (3) 15 Oct: BEARISH

Market movement continuation likely for MWY as a result of Fake Day
Bill Williams Market Facilitation /
Market movement continuation likely for MWY as a result of Fake Day

MWY: BWMF Current Signal -> (1) 17 Oct: Fake Day (2) 16 Oct: Fake Day (3) 15 Oct: Fade Day

Fibonacci Fans /
Midway: 0.618 Fibonacci Fan ($3.3)

Midway: The current Fibonacci Fan levels are: (23.61%) $3.22: (38.2%) $3.25: (50%) $3.28: (61.8%) $3.3The current support levels are: (78.6%) $3.34: (100%) $3.38: (138.2%) $3.46: (161.8%) $3.51: (261.8%) $3.72: (423.61%) $4.04

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