MYR | Australian Securities Exchange

Myer
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Recent trading signals Myer is being distributed
Accumulation / Distribution /
Recent trading signals Myer is being distributed

[BEARISH]: Myer (ASX:MYR) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -552489.

Continuation of the oversold CCI signal for Myer
Commodity Channel Index /
Continuation of the oversold CCI signal for Myer

[BULLISH]: Myer (ASX:MYR) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -109. The bullish signal has been active for 4 days. During the quarter, the lowest CCI value was -163.

Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(15) for MYR

MYR: SWMA Current Signal -> (1) 16 Oct: BEARISH (2) 15 Oct: BEARISH (3) 12 Oct: BEARISH

Aroon Oscillator /
Myer: Aroon oscillator (8) has confirmed an uptrend is present

MYR: Aroon Oscillator Current Signal -> (1) 16 Oct: BULLISH (2) 15 Oct: BULLISH (3) 12 Oct: BULLISH

Weighted Moving Average /
Myer is in a short term downtrend with the resistance price @$0.505

[BEARISH]: Myer currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 2.0%.

MACD /
MYR: Moving Average Convergence Divergence [Bearish]

[BEARISH]: Myer currently has negative MACD of -0.0063. This means the signal line is less than the MACD line signalling a bearish movement.

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Pivot Points /
Myer has broken the first resistance point ($0.51) [Bullish]

Myer has broken the first resistance point ($0.51) [Bullish]. Look for a long limit order entry near this point. Exit price for MYR should be set @$0.51 & Stoploss for Myer should be set between $0.48 & $0.475

Limit order for a long position has been identified for Myer [Bullish]
Demarks Pivot Points /
Limit order for a long position has been identified for Myer [Bullish]

Myer has broken the first DeMark resistance point ($0.4963) [Bullish]. Look for a long limit order entry near this point. Exit price for MYR should be set @$0.508 & Stoploss for Myer should be set at $0.493

Selling pressure for MYR highlights ability of sellers to drive the price downwards
Elder Ray Index /
Selling pressure for MYR highlights ability of sellers to drive the price downwards

MYR: Elder Ray Index Current Signal -> (1) 16 Oct: BEARISH (2) 15 Oct: BEARISH (3) 12 Oct: BEARISH

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

[BEARISH]: Myer currently has negative rate of change of -5.66%. 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

Fibonacci Fans /
Myer: 0.618 Fibonacci Fan ($0.61)

Myer: The current Fibonacci Fan levels are: (23.61%) $0.55: (38.2%) $0.57: (50%) $0.59: (61.8%) $0.61The current support levels are: (78.6%) $0.64: (100%) $0.67: (138.2%) $0.73: (161.8%) $0.76: (261.8%) $0.9: (423.61%) $1.14

Close Tod Vs Range Tod /
Myer closed in the upper part of daily range at 100%.

[BULLISH]: Myer buyers are in control at the market close. This is the first day of buyer commitment for Myer 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 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 1 days in the lower range giving a ratio of 2x.

MYR: Price continues to move above the Upper Bollinger Band @$0.56
Bollinger Bands /
MYR: Price continues to move above the Upper Bollinger Band @$0.56

[BEARISH]: Myer is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 26.5% with a current width of 16.37.

Price continues to trade below the Triangular Moving Average(15) for MYR
Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(15) for MYR

[BEARISH]: Myer currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 2.0%.

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

[BEARISH]: Myer current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.4. Myer (ASX:MYR) received a confirmed CMF crossover days on the Oct 12 2018. The bearish signal has been active for 4 days. During the quarter, the lowest CMF value was -0.4 occurring on the Oct 12 2018.

Camarilla Pivot Points /
Myer: Look for a long limit order entry @$0.583

Myer has broken the first Camarilla resistance point ($0.583) [Bullish]. Look for a long limit order entry near this point. Exit price for MYR should be set @$0.583 & Stoploss for Myer should be set between $0.418 & $0.376

MYR Basic Candle: White Marubozu
White Marubozu /
MYR Basic Candle: White Marubozu

MYR: Basic Candlestick Current Signal -> (1) 16 Oct: BULLISH (2) 15 Oct: NEUTRAL (3) 12 Oct: BULLISH

[Downtrend]: Recent trading for MYR indicates ST trend is likely to continue
Exponential 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 EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 2.0%.

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

[BULLISH]: Myer has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 2 2018.

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of MYR

[BULLISH]: Myer UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 10.555.

Fibonacci Extensions /
[Long]: Limit orders for Myer should be set at $0.66

Myer: The current Fibonacci Extension levels are: (23.61%) $0.5: (38.2%) $0.52: (50%) $0.54: (61.8%) $0.55The current support levels are: (78.6%) $0.58: (100%) $0.61: (138.2%) $0.66: (161.8%) $0.69: (261.8%) $0.82: (423.61%) $1.04

MACD Volume /
Myer: Volume MACD oscillator (-96202)

[BEARISH]: Myer currently has negative Volume MACD of -96202. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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

MYR: DPO Current Signal -> (1) 16 Oct: BEARISH (2) 15 Oct: BEARISH (3) 12 Oct: BEARISH

Price continues to trade below the Simple Moving Average(15) for MYR
Simple Moving Average /
Price continues to trade below the Simple Moving Average(15) for MYR

[BEARISH]: Myer currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 2.0%.

Recent trading highlights continued selling pressure is present for MYR
Elders Force Index /
Recent trading highlights continued selling pressure is present for MYR

[BEARISH]: Myer current price has highlighted recent selling pressure. Currently, the Elders Force Index is -7608.

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

[BULLISH]: Myer current price has highlighted recent accumulation. Currently, the OBV is 299216.

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