MYO | Australian Securities Exchange

Myob
+ Share

Traders are currently distributing Myob
Daily Volume Index /
Traders are currently distributing Myob

[BEARISH]: Myob (ASX:MYO) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -14474.

MYO: Relative Strength Index continues to move above the Overbought limit @79.4
Relative Strength Index /
MYO: Relative Strength Index continues to move above the Overbought limit @79.4

[BEARISH]: Myob is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @79.4

Stochastic Oscillator /
Myob: Stochastic Oscillator (78.6)

MYO: Stochastic Oscillator Trading -> (1) 12 Oct: 78.6 (2) 11 Oct: 78.6 (3) 10 Oct: 83.6

Bollinger Bands /
Myob: Price currently within Bollinger bands

[BULLISH]: Myob is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 89.88% with a current width of 31.74.

Demarks Pivot Points /
Myob has broken the first DeMark resistance point ($3.5175) [Bullish]

Myob has broken the first DeMark resistance point ($3.5175) [Bullish]. Look for a long limit order entry near this point. Exit price for MYO should be set @$3.555 & Stoploss for Myob should be set at $3.5

Percentage Price /
PPO continues to signal a continuation of upward price rise for Myob

[BULLISH]: Myob currently has positive PPO 4.301%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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Piercing /
A Piercing Pattern (Bullish) candlestick pattern has been detected for Myob (MYO).

[BULLISH]: Myob has formed a new Bullish Piercing reversal pattern. This means, MYO has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

Myob: Ulcer Index 0.825 [Low Stress]
Ulcer Index /
Myob: Ulcer Index 0.825 [Low Stress]

[BEARISH]: Myob UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.825.

Long positions for Myob should be set between $3.514 & $3.569
Woodie Pivot Point /
Long positions for Myob should be set between $3.514 & $3.569

Myob has broken the first Woodie resistance point ($3.569) [Bullish]. Look for a long limit order entry near this point. Exit price for MYO should be set @$3.569 & Stoploss for Myob should be set at $3.459

Elders Force Index /
Recent trading highlights continued buying pressure is present for MYO

MYO: Elders Force Index Current Signal -> (1) 12 Oct: BULLISH (2) 11 Oct: BULLISH (3) 10 Oct: BULLISH

Bull Counterattack /
Myob: Bull Counterattack

MYO: Reversal (Weak) Candlestick Current Signal -> (1) 12 Oct: BULLISH (2) 11 Oct: NEUTRAL (3) 10 Oct: REVERSAL

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

MYO: Medium Term Current Signal -> (1) 12 Oct: BULLISH (2) 11 Oct: BULLISH (3) 10 Oct: BULLISH

OBV: Accumulation still active for Myob
On Balance Volume /
OBV: Accumulation still active for Myob

[BULLISH]: Myob current price has highlighted recent accumulation. Currently, the OBV is 984080.

Overbought signal for the Upper Envelope band is still current for Myob
Moving Average Envelope /
Overbought signal for the Upper Envelope band is still current for Myob

[BULLISH]: Myob current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bullish trading conditions. Currently, the Upper Band is 3.318.

Aroon Oscillator /
Myob: Aroon oscillator (76) has confirmed a strong uptrend is present

[BULLISH]: Myob has a current ARU(25) of 88 and a current ARD(25) of 12

Chaikin Money Flow /
Myob continues negative divergence & potential shift in direction

Myob (ASX:MYO): Chaikin Oscillator Current Signal -> (1) 12 Oct: BEARISH (2) 11 Oct: BEARISH (3) 10 Oct: BEARISH

Percentage Volume /
Volume is still above the short term EMA for MYO [Bullish]

[BULLISH]: Myob currently has positive PVO 25.1%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -0.8%.

Continuation of the overbought CCI signal for MYO.AX
Commodity Channel Index /
Continuation of the overbought CCI signal for MYO.AX

[BEARISH]: Myob (ASX:MYO) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 122. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 587.

Positive ROC for Myob is a leading indicator for continued price rise
Rate of Change /
Positive ROC for Myob is a leading indicator for continued price rise

[BULLISH]: Myob currently has positive rate of change of 20.962%. 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

Myob: 0.618 Fibonacci Fan ($2.63)
Fibonacci Fans /
Myob: 0.618 Fibonacci Fan ($2.63)

Myob: The current Fibonacci Fan levels are: (23.61%) $3.83: (38.2%) $2.83: (50%) $2.73: (61.8%) $2.63The current support levels are: (78.6%) $2.48: (100%) $2.3: (138.2%) $1.97: (161.8%) $1.76: (261.8%) $0.89: (423.61%) $-0.51

MACD Volume /
Volume MACD for Myob continues to gain momentum @697421

MYO: Volume MACD Current Signal -> (1) 12 Oct: BULLISH (2) 11 Oct: BULLISH (3) 10 Oct: BULLISH

White Candle /
MYO Basic Candle: White

[BULLISH]: Myob has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Close Tod Vs Range Tod /
Myob: Buyers are in control at the market close.

[BULLISH]: Myob buyers are in control at the market close. This is the first day of buyer commitment for Myob 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 1 trading day with the closing price in the upper part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the upper range giving a confirmation ratio of 10%. Currently this quarter, closing price has spent 1 day in the upper price range compared to 2 days in the lower range giving a ratio of 0.5x.

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

[BULLISH]: Myob currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.0%.

Bull power has increased for Myob signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Myob signalling bullish conditions are likely

MYO: Elder Ray Index Current Signal -> (1) 12 Oct: BULLISH (2) 11 Oct: BULLISH (3) 10 Oct: BULLISH

MYO: Moving Average Convergence Divergence [Bullish]
MACD /
MYO: Moving Average Convergence Divergence [Bullish]

[BULLISH]: Myob currently has positive MACD of 0.0796. This means the signal line is greater than the MACD line signalling a bullish movement.

Long Trend /
[Uptrend]: The third timeframe trend for Myob remains intact

[BULLISH]: Myob is in an uptrend in the medium term timeframe.. The highest rally for the month is 10

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