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

Myer
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MYR: Volume Moving Average Convergence Divergence [Bearish]
MACD Volume /
MYR: Volume Moving Average Convergence Divergence [Bearish]

[BEARISH]: Myer currently has negative Volume MACD of -130560. This means the signal line is less than the Volume MACD line signalling a bearish movement.

[Downtrend]: Recent trading for MYR indicates ST trend is likely to continue
Weighted Moving Average /
[Downtrend]: Recent trading for MYR indicates ST trend is likely to continue

[BEARISH]: Myer currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -5.3%.

Close Tod Vs Close Yest /
The biggest upward movement for Myer this month has been -6.5

[BEARISH]: Myersellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for MYR adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -6.5 & the greatest daily negative change this year has been -10.1. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -20.7%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -8.2%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.7x. Over the last month the average daily downward movement has been -3.6%

High Price /
[Bearish]: Myer has failed beat previous high by -2.1000000000000000 %

[BEARISH]: Myer current downtrend in the first timeframe. Currently, the HIGH is -2.1000000000000000 %.

Rate of Change /
Negative ROC confirmation for MYR is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Myer currently has negative rate of change of -5.3%. 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

Stochastic Oscillator /
MYR: Price has just dropped below the Stochastic oversold limit @21.3

MYR: Stochastic Oscillator Signal -> (1) 19 Apr: BEARISH CROSSOVER (2) 18 Apr: BEARISH CROSSUNDER (3) 17 Apr: BEARISH

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Opening Price /
Recent trading for Myer has opened -2.6000000000000000 % higher than previous session

MYR: OPEN Current Signal -> (1) 19 Apr: NEUTRAL (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH

CMF showing selling pressure & potential change in direction for MYR
Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for MYR

[BEARISH]: Myer current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.27. MYRThe bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.28

[Short]: Entry price for MYR should be set @$0.3605
Demarks Pivot Points /
[Short]: Entry price for MYR should be set @$0.3605

Myer has broken the first DeMark support point ($0.3605) [Bearish]. Look for a short limit order entry near this point. Exit price for MYR should be set @$0.344 & short position stoploss for Myer should be set at $0.366

Close Tod Vs Range Tod /
Myer: Sellers are in control at the market close.

MYR: Close versus price range Current Signal ->(1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: NEUTRAL

Black Candle /
MYR Basic Candle: Black

[BEARISH]: Myer has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Triangular Moving Average /
Myer is in a short term downtrend with the closing price @$0.355

MYR: TMA Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Myer has moved below the 161.8% extension level ($0.97) [Bullish]
Fibonacci Extensions /
Myer has moved below the 161.8% extension level ($0.97) [Bullish]

Myer has moved below the 161.8% level ($0.97) [Bullish]. Look for a long limit order entry near this point. Exit price for MYR should be set @$1.11 & Stoploss for Myer should be set at $0.83

Myer: Range Performance (120)
Range Tod Vs Range Yest /
Myer: Range Performance (120)

MYR: Range today versus range yesterday Current Signal ->(1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BEARISH

Pivot Points /
Myer has broken the first support point ($0.347) [Bearish]

Myer has broken the first support point ($0.347) [Bearish]. Look for a short limit order entry near this point. Exit price for MYR should be set @$0.34 & short position stoploss for Myer should be set between $0.384 & $0.391

Aroon Oscillator /
Myer: Aroon oscillator (-44) has confirmed a downtrend is present

[BEARISH]: Myer has a current ARO(25) of -44. This has change 0 points from yesterday.

Detrended Price Oscillator /
Bearish trading conditions for Myer has been signalled from the DPO (-0.047)

[BEARISH]: Myer currently has a confirmed downtrend. Price is currently below the displaced moving average for MYRCurrently, the return on DPO20 is -5.3%.

Myer was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
Myer was difficult to move downward due to high volume in recent trading [Bearish]

[BEARISH]: Myer current price have moved downwards on high volume. Currently, the Ease of Movement is -0.004

Buying pressure for MYR highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for MYR highlights ability of buyers to drive the price upwards

[BULLISH]: MyerElder Ray Index is signalling a Bullish movementERI is 0.005 indicating bull power. Prices are being driven above the consensus of value for MYR during the last trading session [Buying Pressure]

Myer is being actively distributed based on DVI
Daily Volume Index /
Myer is being actively distributed based on DVI

[BEARISH]: Myer current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -52943.

Percentage Volume /
Negative momentum on volume for MYR is maintained & supports a bearish move is likely

MYR: PVO Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Percentage Price /
Price percentage oscillator has negative momentum signalling a continuation of the downward price fall for MYR

MYR: PPO Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Exponential Moving Average /
MYR: Price continues to move below the EMA(5) @$0.368788

[BEARISH]: Myer 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 -5.3%.

On Balance Volume /
Market conditions are indicating OBV distribution is current for MYR

[BEARISH]: Myer current price has highlighted recent distribution. Currently, the OBV is -1.59915e+007.

Negative momentum: Price is now trading lower for Myer than 5 days ago
Momentum /
Negative momentum: Price is now trading lower for Myer than 5 days ago

MYR: MOM Current Signal -> (1) 19 Apr: BEARISH CROSSOVER (2) 18 Apr: BULLISH CROSSOVER (3) 17 Apr: BEARISH CROSSOVER

Myer: 2nd timeframe trend Downtrend remains intact
Medium Trend /
Myer: 2nd timeframe trend Downtrend remains intact

MYR: Medium Term Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Closing Price /
Myer: Daily performance is -5.3000000000000000 % [Downtrend]

[BEARISH]: Myer current downtrend in the first timeframe. Currently, the Close is $0.355.

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