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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Contracting price range for MYR signalling sellers continue to be less eager
Range Tod Vs Range Yest /
Contracting price range for MYR signalling sellers continue to be less eager

[WEAK BULLISH]: Myersellers are becoming less eager. There has been 2 consecutive days of range increase for MYR reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.027 & the greatest daily price range this year has been $0.027. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 1x.

OBV: Distribution still active for Myer
On Balance Volume /
OBV: Distribution still active for Myer

[BEARISH]: Myer current price has highlighted recent distribution. Currently, the OBV is -5.29378e+007.

Fibonacci Extensions /
Stoploss for Myer should be set at $5.11

Myer has moved below the 161.8% level ($5.79) [Bullish]. Look for a long limit order entry near this point. Exit price for MYR should be set @$6.47 & Stoploss for Myer should be set at $5.11

Open Tod Vs Close Tod /
Myer: Over the last 12 months there has been 13 trading days giving a confirmation ratio of 5%.

[BEARISH]: Myer opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 13 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 5%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

Average True Range /
Myer: Average True Range (0.021) has confirmed an downtrend is present

[Bearish]: Average True Range has confirmed an downtrend is present. Myer has a TR of 0.01, and an ATR(14) of 0.021.

Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for MYR

MYR: EOM Recent Trading -> (1) 11 Jan: -0.001 (2) 11 Jan: -0.22 (3) 11 Jan: 0.061

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Pivot Points /
Myer has broken the first support point ($0.651) [Bearish]

Myer has broken the first support point ($0.651) [Bearish]. Look for a short limit order entry near this point. Exit price for MYR should be set @$0.648 & short position stoploss for Myer should be set between $0.668 & $0.671

Price continues to trade below the Simple Moving Average(5) for MYR
Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for MYR

[BULLISH]: Myer currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0%.

Selling pressure for Myer continues - bearish signal
Chaikin Money Flow /
Selling pressure for Myer continues - bearish signal

MYR: Chaikin Oscillator Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

Medium Trend /
Myer: 2nd timeframe trend Uptrend has been confirmed

[BULLISH]: Myer is in an uptrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 30. The highest rally for the month is 8

Rate of Change /
Rate of change(14) is now increasing for Myer

MYR: ROC Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

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 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0%.

[Bearish]: Trend following indicator for MYR highlights downward price direction is likely
Sine Weighted Moving Average /
[Bearish]: Trend following indicator for MYR highlights downward price direction is likely

[BEARISH]: Myer currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0%.

[Bearish]: Displaced moving average is currently above the price for MYR
Detrended Price Oscillator /
[Bearish]: Displaced moving average is currently above the price for MYR

[BEARISH]: Myer currently has a confirmed downtrend. Price is currently below the displaced moving average for MYRCurrently, the return on DPO20 is 0%.

Volume /
[Bullish]: Myer has beaten previous volume by 18.5

[BULLISH]: Myer current volume uptrend in the first timeframe. Volume for MYR is2.56986e+006 (18.5).

Volume Rate of Change /
14-day volume rate of change is decreasing for Myer

[BEARISH]: Myer currently has negative rate of change of -46%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

Average Directional Movement /
[Weak Trend]: Average Directional Index @19.69 has confirmed a weak trend for MYR

[Weak Trend]: ADX for MYR has confirmed a weak trend is presentMyer has an ATR(14) of 0.021, a DX of 6.31 & an ADX(14) of 19.69

Stochastic Oscillator for MYR has crossed above the oversold limit triggering a neutral signal
Stochastic Oscillator /
Stochastic Oscillator for MYR has crossed above the oversold limit triggering a neutral signal

MYR: Stochastic Oscillator Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: NEUTRAL

[Short]: Limit orders for Myer should be set at $0.651
Woodie Pivot Point /
[Short]: Limit orders for Myer should be set at $0.651

Myer has broken the first Woodie support point ($0.651) [Bearish]. Look for a short limit order entry near this point. Exit price for MYR should be set @$0.648 & short position stoploss for Myer should be set at $0.668

Myer has moved below the S1 Camarilla pivot point ($0.6) [Bearish]
Camarilla Pivot Points /
Myer has moved below the S1 Camarilla pivot point ($0.6) [Bearish]

Myer has broken the first Camarilla support point ($0.6) [Bearish]. Look for a short limit order entry near this point. Exit price for MYR should be set @$0.545 & short position stoploss for Myer should be set between $0.765 & $0.82

MACD Volume /
Myer: Volume MACD oscillator (-263244)

[BEARISH]: Myer currently has negative Volume MACD of -263244. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Daily Volume Index /
Myer: Current trading activity signals DVI distribution is present

[BEARISH]: Myer current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Percentage Price /
Myer: Price Percentage Oscillator Crossover

[BEARISH CROSSOVER]: Myer currently has negative PPO -2.300%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Demarks Pivot Points /
Myer has moved below the S1 DeMark pivot point ($0.6575) [Bearish]

Myer has broken the first DeMark support point ($0.6575) [Bearish]. Look for a short limit order entry near this point. Exit price for MYR should be set @$0.65 & short position stoploss for Myer should be set at $0.66

Myer is in a short term downtrend with the closing price @$0.655
Weighted Moving Average /
Myer is in a short term downtrend with the closing price @$0.655

[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 0%.

Myer: Elder Ray Index is 0.005 [Bullish]
Elder Ray Index /
Myer: Elder Ray Index is 0.005 [Bullish]

[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]

High Price /
Myer: Daily high price is $0.665 [Lower High]

MYR: HIGH Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BEARISH (3) 09 Jan: BULLISH

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