MYR | Australian Securities Exchange

Myer
+ Share

Market conditions are indicating distribution is current for MYR
Accumulation / Distribution /
Market conditions are indicating distribution is current for MYR

[BEARISH]: Myer (ASX:MYR) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -251352.

[Bearish]: EMA(15) is serving as a resistance line for Myer
Exponential Moving Average /
[Bearish]: EMA(15) is serving as a resistance line for Myer

[BEARISH]: Myer currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -1.3%.

MACD /
The MACD continues to rise above the signal line for MYR [Bullish]

MYR: MACD Current Signal -> (1) 18 Jan: BULLISH (2) 17 Jan: BULLISH (3) 16 Jan: BULLISH

Camarilla Pivot Points /
Myer: Camarilla Pivot ($0.391)

Myer current pivot point Camarilla is: $0.391. The current resistance levels are: (R1) $0.423: (R2) $0.455: (R3) $0.488: (R4) $0.586The current support levels are: (S1) $0.357: (S2) $0.325: (S3) $0.292: (S4) $0.195

Woodie Pivot Point /
Myer: Woodie Pivot ($0.391)

Myer current pivot point (Woodie) is: $0.391. The current resistance levels are: (R1) $0.397: (R2) $0.403The current support levels are: (S1) $0.385: (S2) $0.379

Rate of Change /
Myer: Rate of Change (14)

MYR: ROC Current Signal -> (1) 18 Jan: BEARISH (2) 17 Jan: BEARISH (3) 16 Jan: NEUTRAL

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Williams %R /
William %R Oversold signal is still current for Myer [Bullish]

[BEARISH]: Myer is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Daily trading has confirmed the DPO(20) is bearish for Myer
Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Myer

[BEARISH]: Myer currently has a confirmed downtrend. Price is currently below the displaced moving average for MYR. Currently, the return on DPO20 is -1.3%.

Myer: Look for a long limit order entry @$0.3893
Demarks Pivot Points /
Myer: Look for a long limit order entry @$0.3893

Myer current pivot point (DeMark) is: (R1) $0.394. The current pivot point (DeMark) is: (S1) $0.382.

Range Tod Vs Range Yest /
Myer: Range Performance (140.0)

[BEARISH]: Myer sellers are increasingly eager. This is the first day sellers have increasing eagerness for MYR adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.0450 & the greatest daily price range this year has been $0.0450. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 1x.

Volume Rate of Change /
Myer has initiated a positive volume rate of change of 59

[BULLISH CROSSOVER]: Myer currently has positive volume of change of 59%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.3%.

Aroon Oscillator /
MYR: Aroon oscillator has confirmed a strong downtrend @-56

MYR: Aroon Oscillator Current Signal -> (1) 18 Jan: BEARISH STRONG (2) 17 Jan: BULLISH (3) 16 Jan: BULLISH

Myer is still Overbought with the Upper Donchian Band @$0.445
Donchian Channels /
Myer is still Overbought with the Upper Donchian Band @$0.445

[BEARISH]: Myer is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

Fibonacci Retracements /
Myer: 0.618 Fibonacci Retraction (0.42)

Myer: The current Fibonacci Retraction levels are: (23.61%) $0.4: (38.2%) $0.41: (50%) $0.42: (61.8%) $0.42The current support levels are: (78.6%) $0.43: (100%) $0.45: (138.2%) $0.47: (161.8%) $0.48: (261.8%) $0.54: (423.61%) $0.64

Fibonacci Extensions /
Stoploss for Myer should be set at $0.63

Myer: The current Fibonacci Extension levels are: (23.61%) $0.4: (38.2%) $0.41: (50%) $0.42: (61.8%) $0.42The current support levels are: (78.6%) $0.43: (100%) $0.45: (138.2%) $0.47: (161.8%) $0.48: (261.8%) $0.54: (423.61%) $0.64

MYR was difficult to move downward during the last trading day indicating a ST downtrend
Ease of Movement /
MYR was difficult to move downward during the last trading day indicating a ST downtrend

MYR: EOM Current Signal -> (1) 18 Jan: BEARISH HARD (2) 17 Jan: NEUTRAL (3) 16 Jan: BULLISH HARD

Myer: Pivot Point ($0.391)
Pivot Points /
Myer: Pivot Point ($0.391)

Myer current pivot point is: 0.391. The current resistance levels are: (R2) $0.403: (R2) $0.403: (R3) $0.409: The current support levels are: (S1) $0.385: (S2) $0.379: (S3) $0.373

Myer: Current trading activity OBV signals distribution is present
On Balance Volume /
Myer: Current trading activity OBV signals distribution is present

[BEARISH]: Myer current price has highlighted recent distribution. Currently, the OBV is -122917.

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for MYR

[BEARISH WEAK]: Myer opened in the upper part of daily range at 83.3% & closed in the middle part of the trading range at 41.7%. This suggests the sellers have lost commitment. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 7.7%.

Weighted Moving Average /
Weighted Moving Average(15) signal continues for Myer indicating downward price movement is likely

MYR: WMA Current Signal -> (1) 18 Jan: BEARISH (2) 17 Jan: BEARISH (3) 16 Jan: BULLISH

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Myer [Bearish]

MYR: SWMA Current Signal -> (1) 18 Jan: BEARISH (2) 17 Jan: BEARISH (3) 16 Jan: BEARISH

Chaikin Money Flow /
Myer: CMF(-0.07)

[BEARISH]: Myer current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.07. Myer (ASX:MYR) received a confirmed CMF crossover days on the Jan 17 2019. The bearish signal has been active for 2 days. During the quarter, the lowest CMF value was -0.23 occurring on the Jan 17 2019.

Volume is still below the short term EMA for MYR [Bearish]
Percentage Volume /
Volume is still below the short term EMA for MYR [Bearish]

[BEARISH]: Myer currently has negative PVO -14.16%. The recent volume is losing momentum through a fall on the short term exponential moving average.

[Bearish]: Elder Ray Index is -0.012 indicating bear power
Elder Ray Index /
[Bearish]: Elder Ray Index is -0.012 indicating bear power

[BEARISH]: Myer Elder Ray Index is signalling a Bearish movementERI is -0.012 indicating bear power. Prices are being driven below the consensus of value for MYR during the last trading session [Selling Pressure]

Ulcer Index /
Ulcer index has increased as the price has fallen for Myer

[BULLISH]: Myer UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.216.

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