MWY | Australian Securities Exchange

Midway
+ Share

Closing price ($3.01) for MWY is still below the Lower Envelope Band
Moving Average Envelope /
Closing price ($3.01) for MWY is still below the Lower Envelope Band

[BULLISH]: Midway current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.7645.

Open/close reversal: Sellers were in control for all the trading day for MWY
Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for MWY

[BEARISH STRONG]: Midway opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 28.6%. This suggests the sellers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 14.3%.

Sine Weighted Moving Average /
MWY: Price continues to move above the SWMA(5) @$2.991

[BULLISH]: Midway 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 -0.3%.

Bear Belt-Hold /
Midway: Bear Belt-Hold

[BEARISH]: Midway has formed a new Bear Belt-Hold reversal pattern.

Percentage Price /
PPO: The shorter moving average for MWY is still above the longer term moving average

MWY: PPO Current Signal -> (1) 20 Aug: BULLISH (2) 17 Aug: BULLISH (3) 16 Aug: BULLISH

Rate of Change /
Midway currently has positive rate of change for 4.878

[BULLISH]: Midway currently has positive rate of change of 4.878%. 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

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Fibonacci Extensions /
Midway: Look for a short limit order entry @$0.78

Midway: The current Fibonacci Extension levels are: (23.61%) $3.03: (38.2%) $2.97: (50%) $2.93: (61.8%) $2.88The current support levels are: (78.6%) $2.81: (100%) $2.73: (138.2%) $2.58: (161.8%) $2.49: (261.8%) $2.1: (423.61%) $1.47

Chaikin Oscillator is showing buying pressure for MWY.AX
Chaikin Money Flow /
Chaikin Oscillator is showing buying pressure for MWY.AX

[BULLISH]: Midway current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.21. Midway (ASX:MWY) received a confirmed CMF crossover days on the Jul 11 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.71 occurring on the Jul 11 2018.

Midway: Volume MACD oscillator (-1100)
MACD Volume /
Midway: Volume MACD oscillator (-1100)

[BEARISH]: Midway currently has negative Volume MACD of -1100. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Detrended Price Oscillator /
Midway: Detrended Price Oscillator(20) is 0.187

[BULLISH]: Midway currently has a confirmed uptrend. Price is currently above the displaced moving average for MWY. Currently, the return on DPO20 is -0.3%.

Average Directional Movement /
Daily trading has confirmed an ADX strong trend (46.12) for Midway

[Trend]: ADX for MWY has confirmed a strong trend is present. Midway has an ATR(14) of 0.064, a DX of 52.05 & an ADX(14) of 46.12

Volume Rate of Change /
Positive VROC confirmation for MWY is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Midway currently has positive volume of change of 69%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.3%.

Midway: Current trading activity signals distribution is present
Accumulation / Distribution /
Midway: Current trading activity signals distribution is present

[BEARISH]: Midway (ASX:MWY) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -241679.

Donchian Band Oversold signal is still current for Midway [Bullish]
Donchian Channels /
Donchian Band Oversold signal is still current for Midway [Bullish]

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

Average True Range /
Midway: Average True Range (0.064) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Midway has a TR of 0.07, and an ATR(14) of 0.064.

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

[BULLISH]: Midway has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 16 2018.

Woodie Pivot Point /
Woodie pivot point for MWY is bullish. Stoploss should be positioned @$2.948

Midway has broken the first Woodie resistance point ($3.046) [Bullish]. Look for a long limit order entry near this point. Exit price for MWY should be set @$3.088 & Stoploss for Midway should be set at $2.948

Weighted Moving Average(5) signal continues for Midway indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for Midway indicating upward price movement is likely

[BULLISH]: Midway 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 -0.3%.

Market conditions are indicating OBV accumulation is current for MWY.AX
On Balance Volume /
Market conditions are indicating OBV accumulation is current for MWY.AX

[BULLISH]: Midway current price has highlighted recent accumulation. Currently, the OBV is 770157.

Elders Force Index (30) has signalled bullish conditions in recent trading for MWY
Elders Force Index /
Elders Force Index (30) has signalled bullish conditions in recent trading for MWY

MWY: Elders Force Index Current Signal -> (1) 20 Aug: BULLISH (2) 17 Aug: BULLISH (3) 16 Aug: BULLISH

Exponential Moving Average /
The EMA trend following signal is still current for Midway [Bullish]

[BULLISH]: Midway 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 -0.3%.

Close Tod Vs Range Tod /
This is the first day of seller commitment for Midway adding strength to an downtrend in the first timeframe

[BEARISH]: Midway sellers in control. This is the first day of seller commitment for Midway 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 3 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 21.4%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 1 days in the upper range giving a ratio of 3x.

Elder Ray Index /
Midway: Elder Ray Index is 0.076 [Bullish]

[BULLISH]: Midway Elder Ray Index is signalling a Bullish movementERI is 0.076 indicating bull power. Prices are being driven above the consensus of value for MWY during the last trading session [Buying Pressure]

Triangular Moving Average /
[Uptrend]: Recent trading for MWY indicates ST trend is likely to continue

[BULLISH]: Midway 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 -0.3%.

[Uptrend]: Aroon oscillator (44) uptrend has been confirmed for MWY
Aroon Oscillator /
[Uptrend]: Aroon oscillator (44) uptrend has been confirmed for MWY

[BULLISH]: Midway has a current ARU(25) of 68 and a current ARD(25) of 24

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

[BEARISH]: Midway UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.257.

Demarks Pivot Points /
DeMark pivot point for MWY is bullish. Stoploss should be positioned @$2.965

Midway has broken the first DeMark resistance point ($3.0125) [Bullish]. Look for a long limit order entry near this point. Exit price for MWY should be set @$3.035 & Stoploss for Midway should be set at $2.965

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