Technical analysis from Mitie (MTO.L, LON:MTO) on the London Stock Exchange (LSE). Download the latest price data & trading signals

Mitie
+ Share

Volume for MTO has not surpassed the volume of the previous trading session
Volume /
Volume for MTO has not surpassed the volume of the previous trading session

[BEARISH]: Mitie current volume downtrend in the first timeframe. Volume for MTO is 764889 (-22.8).

Close for MTO has not surpassed the close of the previous trading session
Closing Price /
Close for MTO has not surpassed the close of the previous trading session

[BEARISH]: Mitie current downtrend in the first timeframe. Currently, the Close is $191.1.

Close Tod Vs Range Tod /
This is the first day of seller commitment for Mitie adding strength to an downtrend in the first timeframe

[BEARISH]: Mitie sellers in control. This is the first day of seller commitment for Mitie adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 78 trading days with the closing price in the lower part of the range giving a confirmation ratio of 29.7%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 25%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 13 days in the upper range giving a ratio of 0.5x.

Exponential Moving Average /
Mitie is in a short term downtrend with the resistance price @$191.668

[BEARISH]: Mitie 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 -2.2%.

MACD Volume /
Mitie : Volume MACD oscillator (51302)

MTO: Volume MACD Recent Trading -> (1) 24 May: 51302 (2) 23 May: 68872 (3) 22 May: 64374

High Price /
High for MTO has not surpassed the high of the previous trading session

[BEARISH]: Mitie current downtrend in the first timeframe. Currently, the HIGH is -1.3 %.

Mitie  is still oversold with the Lower Envelope Band @$175.285
Moving Average Envelope /
Mitie is still oversold with the Lower Envelope Band @$175.285

[BULLISH]: Mitie current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 175.285.

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Percentage Price /
Mitie : Price Percentage Oscillator

MTO: PPO Current Signal -> (1) 24 May: BULLISH (2) 23 May: BULLISH (3) 22 May: BULLISH

Bear Harami /
Mitie : Bear Harami

MTO: Reversal (Weak) Candlestick Current Signal -> (1) 24 May: BEARISH (2) 23 May: NEUTRAL (3) 22 May: NEUTRAL

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Market conditions are indicating accumulation is current for MTO
Accumulation / Distribution /
Market conditions are indicating accumulation is current for MTO

[BULLISH]: Mitie current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 5.37204e+006.

Daily trading has confirmed an ATR downtrend (6.412) for Mitie
Average True Range /
Daily trading has confirmed an ATR downtrend (6.412) for Mitie

[Bearish]: Average True Range has confirmed an downtrend is present. Mitie has a TR of 6.3, and an ATR(14) of 6.412.

Volume Rate of Change /
Mitie : Volume rate of Change (14)

[BULLISH]: Mitie currently has positive volume of change of 47%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -2.2%.

Low Price /
Low for MTO has surpassed the low of the previous trading session

[BEARISH]: Mitie current uptrend in the first timeframe. Currently, the Low is $190.1 (0.2 %).

Daily Volume Index /
Confirmation of Mitie is currently being distributed via DVI

[BEARISH]: Mitie current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -903.

Recent trading indicates Aroon upward trend direction likely for MTO [Strong Uptrend]
Aroon Oscillator /
Recent trading indicates Aroon upward trend direction likely for MTO [Strong Uptrend]

[BULLISH]: Mitie has a current ARU(25) of 72 and a current ARD(25) of 4

The largest upward momentum rally for MTO in the last 3 months is 16
Momentum /
The largest upward momentum rally for MTO in the last 3 months is 16

[BULLISH]: Mitie currently has positive momentum of 1.2. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -2.2%. The largest upward momentum rally for the last 3 months is 16 days producing a return of 16.4%.

Fibonacci Extensions /
Mitie : Look for a long limit order entry @$264.86

Mitie has moved below the 161.8% level ($264.86) [Bullish]. Look for a long limit order entry near this point. Exit price for MTO should be set @$301.66 & Stoploss for Mitie should be set at $228.06

Percentage Volume /

[BEARISH]: Mitie currently has negative PVO -13.9%. The recent volume is losing momentum through a fall on the short term exponential moving average.

On Balance Volume /
Mitie is being actively accumulated based on OBV

[BULLISH]: Mitie current price has highlighted recent accumulation. Currently, the OBV is 1.0053e+007.

Mitie  has broken the first Woodie support point ($187.95) [Bearish]
Woodie Pivot Point /
Mitie has broken the first Woodie support point ($187.95) [Bearish]

Mitie has broken the first Woodie support point ($187.95) [Bearish]. Look for a short limit order entry near this point. Exit price for MTO should be set @$185.875 & short position stoploss for Mitie should be set at $198.475

CMF signal undefined from zero line for MTO
Chaikin Money Flow /
CMF signal undefined from zero line for MTO

MTO: Chaikin Oscillator Recent Trading -> (1) 24 May: -0.01 (2) 23 May: -0.11 (3) 22 May: -0.06

MTO Basic Candle: Short Black
Short Black Candle /
MTO Basic Candle: Short Black

[BEARISH]: Mitie has formed a Short Black candlestick. This means, MTO has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Close Tod Vs Close Yest /
Daily trading performance for MTO has initiated a short term downtrend

[BEARISH]: Mitie sellers are keener than buyers and are driving the price down. This is the first day of price decline for MTO adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.8 & the greatest daily negative change this year has been -6.9. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -9.6%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -4.4%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -2.100000%

Open Tod Vs Close Tod /
Open/close reversal: Sellers have taken control during the trading day for MTO

[BEARISH]: Mitie opened in the middle part of daily range at 65.1% & closed in the lower part of the trading range at 15.9%. This suggests the sellers have taken control. Over the last 12 months there has been 20 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 7.6%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 6.3%.

Ease of Movement /
Trading session closed lower on low volume for Mitie [Bearish]

MTO: EOM Current Signal -> (1) 24 May: BEARISH EASY (2) 23 May: BULLISH EASY (3) 22 May: BULLISH EASY

Sine Weighted Moving Average /
Mitie : Closing price $191.1 is below the SWMA(5) @$191.547

[BEARISH]: Mitie 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 -2.2%.

Mitie : Elder Ray Index is 6.07 [Bullish]
Elder Ray Index /
Mitie : Elder Ray Index is 6.07 [Bullish]

[BULLISH]: Mitie Elder Ray Index is signalling a Bullish movementERI is 6.07 indicating bull power. Prices are being driven above the consensus of value for MTO during the last trading session [Buying Pressure]

Mitie : Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Mitie : Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Mitie current price has highlighted recent selling pressure. Currently, the Elders Force Index is -285378.

Commodity Channel Index /
CCI has stabilized for Mitie

MTO: CCI Current Signal ->(1) 24 May: BULLISH CROSSUNDER (2) 23 May: BEARISH CROSSOVER (3) 22 May: NEUTRAL

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