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

Midway
+ Share

Midway: Aroon oscillator (36) has confirmed an uptrend is present
Aroon Oscillator /
Midway: Aroon oscillator (36) has confirmed an uptrend is present

[BULLISH]: Midway has a current ARO(25) of 36. This has change 8 points from yesterday.

Midway has moved above the R1 DeMark pivot point ($2.585) [Bullish]
Demarks Pivot Points /
Midway has moved above the R1 DeMark pivot point ($2.585) [Bullish]

Midway has broken the first DeMark resistance point ($2.5850) [Bullish]. Look for a long limit order entry near this point. Exit price for MWY should be set @$2.64 & Stoploss for Midway should be set at $2.55

Triangular Moving Average /
Midway is in a short term uptrend with the support price @$2.51

[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 2.0%.

Low Price /
Midway: Daily low performance is 0.4 % [Uptrend]

[BEARISH]: Midway current uptrend in the first timeframe. Currently, the Low is $2.53 (0.4 %).

Volume Rate of Change /
14-day volume rate of change is now increasing for Midway

[BULLISH CROSSOVER]: Midway currently has positive volume of change of 121%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2%.

Accumulation / Distribution /
Distribution still active for Midway

[BEARISH]: Midway current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -789501.

Top companies for
Australian Stock Exchange
Advertisment
Fibonacci Extensions /
Stoploss for Midway should be set at $2.11

Midway: The current Fibonacci Extension levels are: (23.61%) $2.56: (38.2%) $2.52: (50%) $2.5: (61.8%) $2.47The current support levels are: (78.6%) $2.42: (100%) $2.37: (138.2%) $2.27: (161.8%) $2.22: (261.8%) $1.97: (423.61%) $1.56

[Long]: Exit price for MWY should be set @$2.663
Woodie Pivot Point /
[Long]: Exit price for MWY should be set @$2.663

Midway has broken the first Woodie resistance point ($2.616) [Bullish]. Look for a long limit order entry near this point. Exit price for MWY should be set @$2.663 & Stoploss for Midway should be set at $2.483

The markets willingness to move the price is likely to continue for MWY
Bill Williams Market Facilitation /
The markets willingness to move the price is likely to continue for MWY

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

Medium Trend /
Daily trading has maintained an Uptrend medium trend for Midway

MWY: Medium Term Current Signal -> (1) 21 Jun: BULLISH (2) 20 Jun: BULLISH (3) 19 Jun: BULLISH

Percentage Price /
The current price is still gaining momentum through a rise for MWY on the short term EMA.

[BULLISH]: Midway currently has positive PPO 1.22%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Exponential Moving Average /
[Bullish]: Trend following indicator for MWY highlights upward price direction is likely

[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 2.0%.

Midway opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 44.4%. This suggests the buyers have lost commitment.
Open Tod Vs Close Tod /
Midway opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 44.4%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Midway opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 44.4%. This suggests the buyers have lost commitment. Over the last 12 months there has been 11 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 4.2%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 14.3%.

[Bullish]: Trend following indicator for MWY highlights upward price direction is likely
Simple Moving Average /
[Bullish]: Trend following indicator for MWY highlights upward price direction is likely

[BULLISH]: Midway currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 2.0%.

Average True Range /
Average True Range for Midway has signalled an uptrend is active

[Bullish]: Average True Range has confirmed an uptrend is present. Midway has a TR of 0.1, and an ATR(14) of 0.055.

Closing Price /
Midway has reached a higher closing price of $2.57 (2.0 %)

[BULLISH]: Midway current uptrend in the first timeframe. Currently, the Close is $2.57.

Volume /
MWY has achieved a lower volume of 20000 (-43.8)

[BEARISH]: Midway current volume downtrend in the first timeframe. Volume for MWY is 20000 (-43.8).

[Buying Pressure]: ERI has increased for Midway during the last trading session
Elder Ray Index /
[Buying Pressure]: ERI has increased for Midway during the last trading session

[BULLISH]: Midway Elder Ray Index is signalling a Bullish movementERI is 0.12 indicating bull power. Prices are being driven above the consensus of value for MWY during the last trading session [Buying Pressure]

Midway: Current trading activity signals DVI distribution is present
Daily Volume Index /
Midway: Current trading activity signals DVI distribution is present

[BEARISH]: Midway current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -217.

The daily range for Midway has achieved a higher high [Uptrend]
Short Trend /
The daily range for Midway has achieved a higher high [Uptrend]

[BULLISH]: Midway is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Range Tod Vs Range Yest /
Expanding price range for MWY signalling buyers are now becoming more eager

MWY: Range today versus range yesterday Current Signal ->(1) 21 Jun: BULLISH (2) 20 Jun: BEARISH (3) 19 Jun: BULLISH

Money Flow Index /
Overbought MFI signal for Midway @ 81.76

[BULLISH]: Midway current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 81.76. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 16.16.

Close Tod Vs Close Yest /
The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.9x

[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 5.0 & the greatest daily positive change this year has been 5.5. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 19%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 7.4%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.9x. Over the last month the average daily upward movement has been 2.200000%

Commodity Channel Index /
Midway: The CCI overbought signal has been confirmed

[BEARISH]: Midway current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 141. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 233.

Elders Force Index (1066) has signalled buying pressure has continued for MWY
Elders Force Index /
Elders Force Index (1066) has signalled buying pressure has continued for MWY

[BULLISH]: Midway current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1066.

William %R for MWY has crossed above the overbought limit triggering a bearish crossover signal
Williams %R /
William %R for MWY has crossed above the overbought limit triggering a bearish crossover signal

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

Rate of Change /
Midway currently has positive rate of change for 4.898

[BULLISH]: Midway currently has positive rate of change of 4.898%. 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

See More   See more results
Advertisment
Advertisment
back to top