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

Myer
+ Share

Confirmation of Myer is currently being accumulated via DVI
Daily Volume Index /
Confirmation of Myer is currently being accumulated via DVI

[BULLISH]: Myer current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Daily trading produced an Uptrend bar for Myer
Short Trend /
Daily trading produced an Uptrend bar for Myer

[BULLISH]: Myer is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 3

Closing Price /
Strong price performance from MYR has seen a higher close of 0 % [Uptrend]

MYR: CLOSE Current Signal -> (1) 17 Oct: NEUTRAL (2) 16 Oct: BEARISH (3) 13 Oct: BULLISH

MACD Volume /
Myer: Volume MACD @-228614 [Bearish]

[BEARISH]: Myer currently has negative Volume MACD of -228614. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Accumulation / Distribution /
MYR: Current trading activity signals accumulation is active

[BULLISH]: Myer current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Volume Rate of Change /
Negative VROC for MYR is a leading indicator for continued price fall

[BEARISH]: Myer currently has negative rate of change of -90%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

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Simple Moving Average /
Myer: Closing price $0.745 is above the SMA(5) @$0.743

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

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

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

MYR: Revenue is $2.73B
PROFIT /
MYR: Revenue is $2.73B

Myer Key financial metrics: (1) Revenue: $2.73B (2) EBITDA: $184.46M (3) Price-Sales ratio: 0.224

Ease of Movement /
Recent trading was only supported by high volume for Myer

[BULLISH]: Myer current price have moved upwards on high volume. Currently, the Ease of Movement is 0.003

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

[BULLISH]: Myer current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.13. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.13

Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Fake Day for Myer

Myer Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MYR. Trend continuation possible for MYR from reduced trading activity.

Aroon oscillator for Myer has signalled an uptrend is active
Aroon Oscillator /
Aroon oscillator for Myer has signalled an uptrend is active

[BULLISH]: Myer has a current ARO(25) of 32. This has change 0 points from yesterday.

Myer has broken the first Woodie resistance point ($0.752) [Bullish]
Woodie Pivot Point /
Myer has broken the first Woodie resistance point ($0.752) [Bullish]

Myer has broken the first Woodie resistance point ($0.752) [Bullish]. Look for a long limit order entry near this point. Exit price for MYR should be set @$0.761 & Stoploss for Myer should be set at $0.731

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 5.323.

Pivot Points /
Pivot point for MYR is bullish. Stoploss should be positioned @$0.732

Myer has broken the first resistance point ($0.754) [Bullish]. Look for a long limit order entry near this point. Exit price for MYR should be set @$0.762 & Stoploss for Myer should be set between $0.732 & $0.724

Exponential Moving Average /
Myer: Closing price $0.745 is below the EMA(5) @$0.745618

[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%.

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

[BEARISH CROSSOVER]: Myer currently has negative rate of change of -3.9%. 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

Myer: Look for a long limit order entry @$0.74625
Demarks Pivot Points /
Myer: Look for a long limit order entry @$0.74625

Myer has broken the first DeMark resistance point ($0.74625) [Bullish]. Look for a long limit order entry near this point. Exit price for MYR should be set @$0.753 & Stoploss for Myer should be set at $0.737

Myer: Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
Myer: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Myer current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1032.

Percentage Price /
PPO: The shorter moving average for MYRis still above the longer term moving average

MYR: PPO Current Signal -> (1) 17 Oct: BULLISH (2) 16 Oct: BULLISH (3) 13 Oct: BULLISH

Average True Range /
Daily trading has confirmed an ATR downtrend (0.022) for Myer

MYR: Average True Range Recent Trading -> (1) 17 Oct: 0.022 (2) 16 Oct: 0.023 (3) 13 Oct: 0.024

Coles Reaction Day /
MYR: Short term trend has confirmed a rally day

Myer: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for MYR

Detrended Price Oscillator /
Detrended Price for MYR has signalled bullish price movements are likely

[BULLISH]: Myer currently has a confirmed uptrend. Price is currently above the displaced moving average for MYRCurrently, the return on DPO20 is 0%.

Closing price for MYR is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for MYR is still below the lower envelope signalling a bullish movement

[BULLISH]: Myer current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.7030.

Myer: MCap is $611.84M
TRADE /
Myer: MCap is $611.84M

Myer key financial metrics: (1) MCAP: $611.84M (2) Shares: 821267000 (3) Free Float: 796416000

Williams %R /
Initiation of oversold signal for Myer [Bullish Crossover]

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

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