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

Midway
+ Share

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

[BULLISH]: Midway current price has highlighted recent accumulation. Currently, the OBV is 208253.

Midway: Percentage Volume Oscillator (-22.7)
Percentage Volume /
Midway: Percentage Volume Oscillator (-22.7)

[BEARISH]: Midway currently has negative PVO -22.7%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.4%.

Exponential Moving Average /
Midway is in a short term uptrend with the support price @$2.52477

[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 0.4%.

Ulcer Index /
Ulcer index has reduced in stress level for Midway & low drawdown is expected

[BEARISH]: Midway UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.212.

Daily Volume Index /
DVI: Accumulation still active for Midway

[BULLISH]: Midway current accumulation has given strength to the share price and the continuation of bullish trading conditions.

High Price /
[Bullish]: Midway has beaten previous high by 0.4 %

[BULLISH]: Midway current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

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Accumulation / Distribution /
Market conditions are indicating accumulation is current for MWY

[BULLISH]: Midway current accumulation has given strength to the share price and the continuation of bullish trading conditions.

MWY is no longer overbought @ 45
Commodity Channel Index /
MWY is no longer overbought @ 45

[NEUTRAL]: Midway current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 45. The previous bearish signal was active for 2 days. During the quarter, the highest CCI value was 45.

Negative VROC: Volume is now lower for Midway than 14 days ago
Volume Rate of Change /
Negative VROC: Volume is now lower for Midway than 14 days ago

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

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

[BEARISH]: Midway current price has highlighted recent selling pressure. Currently, the Elders Force Index is -80.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Midway [Bullish]

[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 0.4%.

Relative Strength Index /
Relative Strength overbought signal had been cancelled for Midway

MWY: RSI Recent Trading -> (1) 11 Jan: 60.2833 (2) 11 Jan: 89.2435 (3) 11 Jan: 54.2157

Recent trading indicates an upward price direction MWY [Bullish]
Coles Reaction Day /
Recent trading indicates an upward price direction MWY [Bullish]

MWY: CRD Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: NEUTRAL

Midway: Range Performance (0)
Range Tod Vs Range Yest /
Midway: Range Performance (0)

MWY: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

Close Tod Vs Close Yest /
Closing price for MWY ($2.54) signals buyers are now keener than sellers

[BULLISH]: Midwaybuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MWY adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.2 & the greatest daily positive change this year has been 1.2. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 19%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 1.2%. 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 0.9x. Over the last month the average daily upward movement has been 0.8%

Pivot Points /
Midway: Stoploss for short position should be set between $2.54 & $2.54

Midway has broken the first support point ($2.54) [Bearish]. Look for a short limit order entry near this point. Exit price for MWY should be set @$2.54 & short position stoploss for Midway should be set between $2.54 & $2.54

Demarks Pivot Points /
Limit order for a short position has been identified for Midway [Bearish]

Midway has broken the first DeMark support point ($2.54) [Bearish]. Look for a short limit order entry near this point. Exit price for MWY should be set @$2.54 & short position stoploss for Midway should be set at $2.54

MWY: Average True Range has confirmed an downtrend @0.035
Average True Range /
MWY: Average True Range has confirmed an downtrend @0.035

[Bearish]: Average True Range has confirmed an downtrend is present. Midway has a TR of 0.01, and an ATR(14) of 0.035.

5-day momentum is increasing for Midway
Momentum /
5-day momentum is increasing for Midway

[BULLISH]: Midway currently has positive momentum of 0.06. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.4%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0.4%%.

Daily trading has increased the bull power to drive prices for Midway
Elder Ray Index /
Daily trading has increased the bull power to drive prices for Midway

[BULLISH]: MidwayElder Ray Index is signalling a Bullish movementERI is 0.019 indicating bull power. Prices are being driven above the consensus of value for MWY during the last trading session [Buying Pressure]

Gap Up /
A short term Gap Up has formed with Midway

[BEARISH]: A short term Gap Up has formed with Midway which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 23 occurrences of this bar reversal giving a signal probability of 8.8%.

Bollinger Bands /
Midway is no longer overbought and normal trading conditions are resumed

[BULLISH CROSSUNDER]: Midwayis no longer overbought The current level is 58.6% with a current width of 5.29.

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Midway

[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 2.3845.

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

[BULLISH]: Midway currently has positive PPO 0.800%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Midway: Daily volume is 1000 [Lower Volume]
Volume /
Midway: Daily volume is 1000 [Lower Volume]

[BEARISH]: Midway current volume downtrend in the first timeframe. Volume for MWY is1000 (-84.9).

Open Window /
Midway: Open Window

[BULLISH]: Midway has Gapped Up on previous bar.

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