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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PPO has negative momentum signalling commencement of downward price fall for MCY
Percentage Price /
PPO has negative momentum signalling commencement of downward price fall for MCY

[BEARISH CROSSOVER]: Mighty River Power currently has negative PPO -0.100%. This means the current price is losing momentum through a fall on the short term exponential moving average.

[Short]: Limit orders for Mighty River Power should be set at $2.9425
Demarks Pivot Points /
[Short]: Limit orders for Mighty River Power should be set at $2.9425

Mighty River Power has broken the first DeMark support point ($2.9425) [Bearish]. Look for a short limit order entry near this point. Exit price for MCY should be set @$2.905 & short position stoploss for Mighty River Power should be set at $2.955

Elder Ray Index /
[Selling Pressure]: ERI has increased for Mighty River Power during the last trading session

[BEARISH]: Mighty River PowerElder Ray Index is signalling a Bearish movementERI is -0.167 indicating bear power. Prices are being driven below the consensus of value for MCY during the last trading session [Selling Pressure]

Money Flow Index /
Continued selling pressure has caused Mighty River Power to remain oversold

[BEARISH]: Mighty River Power current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 13.6500. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 43.57.

Fibonacci Extensions /
[Short]: Exit price for MCY should be set @$2.4700

Mighty River Power has moved above the 161.8% level ($2.1800) [Bearish]. Look for a short limit order entry near this point. Exit price for MCY should be set @$2.4700 & short position stoploss for Mighty River Power should be set at $1.8900

Ulcer Index /
Drawdown for Mighty River Power is currently low signalling low stress

[BEARISH]: Mighty River Power UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.7920.

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

[Weak Trend]: ADX for MCY has confirmed a weak trend is presentMighty River Power has an ATR(14) of 0.0650, a DX of 29.5800 & an ADX(14) of 22.2400

Mighty River Power: Downtrend for the daily trend is continued
Short Trend /
Mighty River Power: Downtrend for the daily trend is continued

[BEARISH]: Mighty River Power is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

MCY Basic Candle: Black Marubozu
Black Marubozu /
MCY Basic Candle: Black Marubozu

[BEARISH]: Mighty River Power has formed a Black Marubozu candlestick. This means, MCY has received strong selling confidence and downward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Average True Range /
Mighty River Power: ATR (0.0650) has signalled an downtrend is current

[Bearish]: Average True Range has confirmed an downtrend is present. Mighty River Power has a TR of 0.0500, and an ATR(14) of 0.0650.

Woodie Pivot Point /
Mighty River Power has moved below the S1 Woodie pivot point ($2.9060) [Bearish]

Mighty River Power has broken the first Woodie support point ($2.9060) [Bearish]. Look for a short limit order entry near this point. Exit price for MCY should be set @$2.8930 & short position stoploss for Mighty River Power should be set at $2.9930

Rate of Change /
Negative ROC: Price is trading lower for Mighty River Power than 14 days ago

MCY: ROC Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH CROSSOVER (3) 18 Apr: BULLISH

Recent trading signals Mighty River Power is being accumulated
Daily Volume Index /
Recent trading signals Mighty River Power is being accumulated

[BULLISH]: Mighty River Power current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 4.0000.

William %R for MCY is still below the oversold limit signalling a bullish movement
Williams %R /
William %R for MCY is still below the oversold limit signalling a bullish movement

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

MACD /
Mighty River Power: MACD oscillator (-0.036000)

[BEARISH]: Mighty River Power currently has negative MACD of -0.036000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -4.6%.

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

[BEARISH]: Mighty River Power currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.7%.

MACD Volume /
Volume MACD for Mighty River Power continues to gain momentum @1520.0000)

[BULLISH]: Mighty River Power currently has positive Volume MACD of 1520.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Buying pressure for Mighty River Power continues - bullish signal
Chaikin Money Flow /
Buying pressure for Mighty River Power continues - bullish signal

[BULLISH]: Mighty River Power current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.1000. MCY received a confirmed CMF crossover days on the Mar 19 2018.The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.68 occurring on the Mar 19 2018.

Mighty River Power: Sellers are still becoming less eager.
Range Tod Vs Range Yest /
Mighty River Power: Sellers are still becoming less eager.

MCY: Range today versus range yesterday Current Signal ->(1) 20 Apr: BULLISH (2) 19 Apr: BEARISH (3) 18 Apr: BULLISH

Stochastic oversold signal continues for Mighty River Power indicating upward price movement is likely
Stochastic Oscillator /
Stochastic oversold signal continues for Mighty River Power indicating upward price movement is likely

[BULLISH]: Mighty River Power is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Percentage Volume /
Mighty River Power: Percentage Volume Oscillator @25.7 [Bullish]

[BULLISH]: Mighty River Power currently has positive PVO 25.7%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -7.8%.

Close Tod Vs Close Yest /
Daily trading performance for MCY has continued a short term downtrend

[BEARISH]: Mighty River Powersellers are keener than buyers and are driving the price down. There has been 5 consecutive days of price decline for MCY adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -3.9 & the greatest daily negative change this year has been -4.4. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -11.7%. This quarter, the largest downswing rally has been 5 days giving a total rally downward movement of -11.7%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -2.100000%

High Price /
[Bearish]: Lower high has formed for MCY by -2.0000000000000000 % during the last trading session

[BEARISH]: Mighty River Power current downtrend in the first timeframe. Currently, the HIGH is -2.0000000000000000 %.

Momentum /
Momentum continues to reduce for Mighty River Power signalling a short term downtrend is likely

MCY: MOM Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

[Downtrend]: Aroon oscillator @-20 has confirmed a downtrend for MCY
Aroon Oscillator /
[Downtrend]: Aroon oscillator @-20 has confirmed a downtrend for MCY

[BEARISH]: Mighty River Power has a current ARU(25) of 80 and a current ARD(25) of 100

Mighty River Power has broken the first support point ($2.9140) [Bearish]
Pivot Points /
Mighty River Power has broken the first support point ($2.9140) [Bearish]

Mighty River Power current pivot point is: 2.9470. The current resistance levels are: (R1) $2.9640: (R2) $2.9970: (R3) $3.0140: The current support levels are: (S1) $2.9140: (S2) $2.8970: (S3) $2.8640

Commodity Channel Index /
The current price level for Mighty River Power is maintained below the average

MCY: CCI Current Signal ->(1) 20 Apr: BULLISH (2) 19 Apr: BULLISH CROSSOVER (3) 18 Apr: NEUTRAL

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