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

Mystate
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Mystate currently has positive rate of change for 4.082
Rate of Change /
Mystate currently has positive rate of change for 4.082

[BULLISH]: Mystate currently has positive rate of change of 4.1%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Accumulation / Distribution /
MYS: Current trading activity signals accumulation is confirmed

[BULLISH CROSSOVER]: Mystate current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of MYS

[BEARISH]: Mystate UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.16.

Close Tod Vs Range Tod /
Trading for Mystate highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Mystate buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Mystate 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 109 trading days with the closing price in the upper part of the range giving a confirmation ratio of 41.8%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 7 days in the lower range giving a ratio of 1.1x.

Exponential Moving Average /
Mystate is in a short term uptrend with the closing price @$5.1

[BULLISH]: Mystate currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.8%.

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Stochastic Oscillator /
Mystate is no longer overbought [Neutral]

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

Mystate: Downtrend for the medium term trend is confirmed
Medium Trend /
Mystate: Downtrend for the medium term trend is confirmed

[BEARISH]: Mystate has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jan 5 2018.

Percentage volume oscillator remains negative for MYS
Percentage Volume /
Percentage volume oscillator remains negative for MYS

[BEARISH]: Mystate currently has negative PVO -12%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.8%.

Close Tod Vs Close Yest /
Buyers are now keener than sellers for Mystate & are driving the price up.

[BULLISH]: Mystatebuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MYS adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.2 & the greatest daily positive change this year has been 4.2. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 8.7%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 4.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 3%

Moving Average Envelope /
Oversold signal continues for Mystate indicating upward price movement is likely

[BULLISH]: Mystate current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 4.7120.

Fibonacci Extensions /
Stoploss for Mystate should be set at $0.34

Mystate has moved above the 161.8% level ($0.39) [Bearish]. Look for a short limit order entry near this point. Exit price for MYS should be set @$0.45 & short position stoploss for Mystate should be set at $0.34

Buyers are becoming increasingly eager for Mystate & the price range is expanding
Range Tod Vs Range Yest /
Buyers are becoming increasingly eager for Mystate & the price range is expanding

MYS: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Pivot point for MYS is bullish. Stoploss should be positioned @$4.913
Pivot Points /
Pivot point for MYS is bullish. Stoploss should be positioned @$4.913

Mystate current pivot point is: 5.053. The current resistance levels are: (R1) $5.146: (R2) $5.193: (R3) $5.286: The current support levels are: (S1) $5.006: (S2) $4.913: (S3) $4.866

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Mystate indicating upward price movement is likely

[BEARISH]: Mystate 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 2.8%.

Percentage Price /
Mystate: Price Percentage Oscillator Crossover

[BULLISH CROSSOVER]: Mystate currently has positive PPO 0.900%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Pivot Reversal /
A short term Pivot Reversal has formed with Mystate

[BULLISH]: A short term Pivot Reversal has formed with Mystate which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 11 occurrences of this bar reversal giving a signal probability of 4.2%.

Mystate: Elder Ray Index is 0.082 [Bullish]
Elder Ray Index /
Mystate: Elder Ray Index is 0.082 [Bullish]

[BULLISH]: MystateElder Ray Index is signalling a Bullish movementERI is 0.082 indicating bull power. Prices are being driven above the consensus of value for MYS during the last trading session [Buying Pressure]

Mystate was easily moved upward on low volume in recent trading [Bullish]
Ease of Movement /
Mystate was easily moved upward on low volume in recent trading [Bullish]

MYS: EOM Current Signal -> (1) 11 Jan: BULLISH EASY (2) 11 Jan: BEARISH HARD (3) 11 Jan: BEARISH HARD

The Volume MACD continues to fall below the signal line for MYS [Bearish]
MACD Volume /
The Volume MACD continues to fall below the signal line for MYS [Bearish]

[BEARISH]: Mystate currently has negative Volume MACD of -2356. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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

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

MACD /
Mystate: MACD oscillator (0.004000)

[BULLISH]: Mystate currently has positive MACD of 0.004000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1.8%.

Woodie Pivot Point /
Limit order for a long position has been identified for Mystate [Bullish]

Mystate has broken the first Woodie resistance point ($5.17) [Bullish]. Look for a long limit order entry near this point. Exit price for MYS should be set @$5.205 & Stoploss for Mystate should be set at $4.925

Opening Price /
Price for MYS has opened stronger than close of the previous trading session

MYS: OPEN Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: NEUTRAL (3) 09 Jan: BULLISH

[Long]: Limit orders for Mystate should be set at $5.521
Camarilla Pivot Points /
[Long]: Limit orders for Mystate should be set at $5.521

Mystate has broken the first Camarilla resistance point ($5.521) [Bullish]. Look for a long limit order entry near this point. Exit price for MYS should be set @$5.942 & Stoploss for Mystate should be set between $4.258 & $3.837

Mystate is in a short term uptrend with the closing price @$5.1
Weighted Moving Average /
Mystate is in a short term uptrend with the closing price @$5.1

[BULLISH]: Mystate currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2.8%.

On Balance Volume /
OBV: Accumulation still active for Mystate

[BULLISH]: Mystate current price has highlighted recent accumulation. Currently, the OBV is 170902.

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