Midway

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Selling pressure for MWY.AX continues - bearish signal

[BEARISH]: Midway current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1. Midway (ASX:MWY) received a confirmed CMF crossover days on the May 20 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.86 occurring on the May 20 2019.

Midway: Momentum(14)

Midway: Momentum(14)

[BULLISH]: Midway currently has positive momentum of 0.17. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 1.1%. The largest upward momentum rally for the last 3 months is 3 days producing a return of 0%.

Currently this quarter, closing price for MWY has spent 4 days in the upper price range

[BULLISH]: Midway buyers are in control at the market close. This is the first day of buyer commitment for Midway adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 4 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 22.2%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 3 days in the lower range giving a ratio of 1.3x.

MWY Basic Candle: Long White

[BULLISH]: Midway has formed a Long White candlestick. This means, MWY has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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