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

Midway
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[Bearish]: SMA(5) is serving as a resistance line for Midway
Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Midway

[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 -0.8%.

Midway: Closed Window
Closed Window /
Midway: Closed Window

MWY: Continuation Recent Trading -> (1) 20 Apr: Closed Window (2) 19 Apr: (3) 18 Apr:

Exponential Moving Average /
The EMA trend following signal is now active for Midway [Bearish]

[BEARISH]: Midway currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.8%.

Detrended Price Oscillator /
Midway: Detrended Price Oscillator(20) is -0.1115

[BEARISH]: Midway currently has a confirmed downtrend. Price is currently below the displaced moving average for MWYCurrently, the return on DPO20 is -0.8%.

Stochastic Oscillator /
Initiation of oversold signal for Midway

MWY: Stochastic Oscillator Signal -> (1) 20 Apr: BEARISH CROSSOVER (2) 19 Apr: NEUTRAL (3) 18 Apr: NEUTRAL

Aroon Oscillator /
Midway: Aroon oscillator (-20.0000) has confirmed a downtrend is present

[BEARISH]: Midway has a current ARU(25) of 56.0000 and a current ARD(25) of 76.0000

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Rate of Change /
Rate of change(14) is decreasing for Midway

[BEARISH]: Midway currently has negative rate of change of -3.7%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

[Bearish]: Elder Ray Index is -0.0280 indicating bear power
Elder Ray Index /
[Bearish]: Elder Ray Index is -0.0280 indicating bear power

[BEARISH]: MidwayElder Ray Index is signalling a Bearish movementERI is -0.0280 indicating bear power. Prices are being driven below the consensus of value for MWY during the last trading session [Selling Pressure]

Midway has broken the first support point ($2.3600) [Bearish]
Pivot Points /
Midway has broken the first support point ($2.3600) [Bearish]

Midway has broken the first support point ($2.3600) [Bearish]. Look for a short limit order entry near this point. Exit price for MWY should be set @$2.3600 & short position stoploss for Midway should be set between $2.3600 & $2.3600

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

[Bearish]: Average True Range has confirmed an downtrend is present. Midway has a TR of 0.02, and an ATR(14) of 0.038.

Fibonacci Extensions /
Midway has moved below the 161.8% extension level ($3.9200) [Bullish]

Midway has moved below the 161.8% level ($3.9200) [Bullish]. Look for a long limit order entry near this point. Exit price for MWY should be set @$3.9400 & Stoploss for Midway should be set at $3.9000

Demarks Pivot Points /
Midway: Stoploss for short position should be set between $2.3600 & $2.3600

Midway has broken the first DeMark support point ($2.3600) [Bearish]. Look for a short limit order entry near this point. Exit price for MWY should be set @$2.3600 & short position stoploss for Midway should be set at $2.3600

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

[BEARISH]: Midway current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -143709. day.

Midway: Daily low price is $2.3600 [Lower low]
Low Price /
Midway: Daily low price is $2.3600 [Lower low]

[BULLISH]: Midway current downtrend in the first timeframe. Currently, the Low is $2.3600 (-0.8 %).

Percentage Volume /
Percentage volume oscillator remains negative for MWY

[BEARISH]: Midway currently has negative PVO -10.3000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.8%.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Midway [Bullish]

[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 2.2990.

High Price /
Recent trading for MWY has failed to beaten the previous high by -0.8 % [Downtrend]

[BEARISH]: Midway current downtrend in the first timeframe. Currently, the HIGH is -0.8 %.

Midway: Triangular Moving Average(5) (2.364)
Triangular Moving Average /
Midway: Triangular Moving Average(5) (2.364)

MWY: TMA Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH CROSSOVER

Midway has moved below the S1 Woodie pivot point ($2.3600) [Bearish]
Woodie Pivot Point /
Midway has moved below the S1 Woodie pivot point ($2.3600) [Bearish]

Midway has broken the first Woodie support point ($2.3600) [Bearish]. Look for a short limit order entry near this point. Exit price for MWY should be set @$2.3600 & short position stoploss for Midway should be set at $2.3600

Midway: Momentum(5)
Momentum /
Midway: Momentum(5)

[BULLISH]: Midway currently has positive momentum of 0.04. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.8%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 2%%.

Medium Trend /
Second timeframe trend of Midway remains as an Uptrend

MWY: Medium Term Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

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

[BULLISH]: A short term Gap Down has formed with Midway which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 18 occurrences of this bar reversal giving a signal probability of 6.8%.

Daily Volume Index /
Confirmation of Midway is currently being distributed via DVI

MWY: DVI Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Opening Price /
Midway: Daily opening performance is -0.8 % [Downntrend]

[BEARISH]: Midway opening price has gapped down. Currently, the OPEN is $2.3600 (-0.8 %).

Midway: Daily volume is 6026 (502.6)
Volume /
Midway: Daily volume is 6026 (502.6)

[BULLISH]: Midway current volume uptrend in the first timeframe. Volume for MWY is6026 (502.6).

Midway: On Balance Volume (-41616.0000)
On Balance Volume /
Midway: On Balance Volume (-41616.0000)

MWY: OBV Current Signal ->(1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

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 -234.0000.

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