Technical analysis from Mighty River Power (MCY.AX.AX, ASX:MCY.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Mighty River Power
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Volume MACD oscillator is now positive for MCY
MACD Volume /
Volume MACD oscillator is now positive for MCY

[BULLISH CROSSOVER]: Mighty River Power currently has positive Volume MACD of 2637. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Mighty River Power currently has positive PPO 0.400
Percentage Price /
Mighty River Power currently has positive PPO 0.400

[BULLISH]: Mighty River Power currently has positive PPO 0.400%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Fibonacci Extensions /
[Short]: Limit orders for Mighty River Power should be set at $2.91

Mighty River Power: The current Fibonacci Extension levels are: (23.61%) $0: (38.2%) $0: (50%) $0: (61.8%) $0The current support levels are: (78.6%) $0: (100%) $0: (138.2%) $0: (161.8%) $0: (261.8%) $0: (423.61%) $0

Elder Ray Index /
Bull power has increased for Mighty River Power signalling bullish conditions are likely

[BEARISH]: Mighty River PowerElder Ray Index is signalling a Bearish movementERI is -0.013 indicating bear power. Prices are being driven below the consensus of value for MCY during the last trading session [Selling Pressure]

Accumulation / Distribution /
Distribution signal for Mighty River Power is confirmed

[BEARISH CROSSOVER]: Mighty River Power current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Pivot Points /
[Long]: Entry price for MCY should be set @$3.13

Mighty River Power has broken the first resistance point ($3.13) [Bullish]. Look for a long limit order entry near this point. Exit price for MCY should be set @$3.14 & Stoploss for Mighty River Power should be set between $3.08 & $3.07

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Low Price /
Strong price performance from MCY has seen a lower low of 0.7 % [Uptrend]

[BEARISH]: Mighty River Power current uptrend in the first timeframe. Currently, the Low is $3.09 (0.7 %).

MCY: Over the last month there has been 8 trading  days with the closing price in the upper range giving a confirmation ratio of 100%.
Close Tod Vs Range Tod /
MCY: Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 100%.

[BULLISH]: Mighty River Power 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 Mighty River Power 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 80 trading days with the closing price in the upper part of the range giving a confirmation ratio of 30.7%. 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.

Daily bar has confirmed has confirmed an Aroon uptrend is intact for MCY
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for MCY

[BULLISH]: Mighty River Power has a current ARU(25) of 80 and a current ARD(25) of 56

Exponential Moving Average /
[Uptrend]: Recent trading for MCY indicates ST trend is likely to continue

[BULLISH]: Mighty River Power 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 1.3%.

Volume /
Mighty River Power has failed to achieve a lower volume of 849 (-97.6)

[BEARISH]: Mighty River Power current volume downtrend in the first timeframe. Volume for MCY is849 (-97.6).

Average Directional Movement /
Mighty River Power has signalled an Average Directional Index strong trend present

[Trend]: ADX for MCY has confirmed a strong trend is presentMighty River Power has an ATR(14) of 0.071, a DX of 65.17 & an ADX(14) of 47.09

Mighty River Power: Range Performance (-57.1)
Range Tod Vs Range Yest /
Mighty River Power: Range Performance (-57.1)

MCY: Range today versus range yesterday Recent Trading -> (1) 11 Jan: -57.1% (2) 11 Jan: -86.7% (3) 11 Jan: 0%

Traders are currently distributing Mighty River Power
Daily Volume Index /
Traders are currently distributing Mighty River Power

MCY: DVI Recent Trading -> (1) 11 Jan: -5 (2) 11 Jan: 1620 (3) 11 Jan: 14

Closing Price /
Recent trading for MCY has beaten the previous close by 1.3 % [Uptrend]

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

Elders Force Index /
[Bearish]: Elders Force Index (-90) confirms selling pressure

[BEARISH]: Mighty River Power current price has highlighted recent selling pressure. Currently, the Elders Force Index is -90.

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

[BEARISH]: Mighty River Power currently has negative PVO -1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Positive momentum on the MACD histogram for MCY is maintained & supports a bullish move is likely
MACD /
Positive momentum on the MACD histogram for MCY is maintained & supports a bullish move is likely

[BULLISH]: Mighty River Power currently has positive MACD of 0.002000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.7%.

Envelope bands Oversold signal is still current for Mighty River Power [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Mighty River Power [Bullish]

[BEARISH]: Mighty River Power current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 3.2340.

[Fake Day]: MFI indicator is up, volume is down MCY
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down MCY

Mighty River Power Currently is a confirmed Fake Day. MFI indicator is up, volume is down for MCY. Trend continuation possible for MCY from reduced trading activity.

Detrended Price Oscillator /
Mighty River Power: Detrended Price Oscillator(20) is 0.0535

[BULLISH]: Mighty River Power currently has a confirmed uptrend. Price is currently above the displaced moving average for MCYCurrently, the return on DPO20 is 1.3%.

Rate of Change /
Mighty River Power has initiated a positive rate of change of 3.654

[BULLISH CROSSOVER]: Mighty River Power currently has positive rate of change of 3.7%. 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

Weighted Moving Average /
Mighty River Power is in a short term uptrend with the support price @$3.107

[BULLISH]: Mighty River Power 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 1.3%.

Demarks Pivot Points /
Mighty River Power has broken the first DeMark resistance point ($3.1125) [Bullish]

Mighty River Power current pivot point (DeMark) is: (R1) $3.135. The current pivot point (DeMark) is: (S1) $3.105.

CMF Crossover has positive divergence between price & vol
Chaikin Money Flow /
CMF Crossover has positive divergence between price & vol

[BEARISH CROSSOVER]: Mighty River Power current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.17. During the quarter, the lowest CMF value was -0.24

[Bearish]: Lower high has formed for MCY by -0.6 % during the last trading session
High Price /
[Bearish]: Lower high has formed for MCY by -0.6 % during the last trading session

[BEARISH]: Mighty River Power current downtrend in the first timeframe. Currently, the HIGH is -0.6 %.

Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Mighty River Power

[BULLISH]: Mighty River Power currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.3%.

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