Technical analysis from Mainfreight (MFT.NZ.NZ, NZE:MFT.NZ) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Mainfreight
+ Share

Daily trading has confirmed an Aroon strong uptrend (76) for Mainfreight
Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (76) for Mainfreight

[BULLISH]: Mainfreight has a current ARU(25) of 92 and a current ARD(25) of 16

14-day rate of change is now increasing for Mainfreight
Rate of Change /
14-day rate of change is now increasing for Mainfreight

[BULLISH CROSSOVER]: Mainfreight currently has positive rate of change of 1.2%. 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

Fibonacci Extensions /
Short positions for Mainfreight should be set between $6.98 & $6.63

Mainfreight has moved above the 161.8% level ($6.98) [Bearish]. Look for a short limit order entry near this point. Exit price for MFT should be set @$6.63 & short position stoploss for Mainfreight should be set at $7.33

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

MFT: VROC Current Signal -> (1) 12 Jan: BEARISH (2) 12 Jan: BEARISH (3) 12 Jan: NEUTRAL

Ulcer Index /
Ulcer index has reduced in stress level for Mainfreight & low drawdown is expected

[BEARISH]: Mainfreight UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.621.

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bullish for Mainfreight

[BULLISH]: Mainfreight currently has a confirmed uptrend. Price is currently above the displaced moving average for MFTCurrently, the return on DPO20 is 0.2%.

Top companies for
New Zealand Stock Exchange
Advertisment
Close Tod Vs Close Yest /
Buyers are now keener than sellers for Mainfreight & are driving the price up.

[BULLISH]: Mainfreightbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MFT adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 0.4 & the greatest daily positive change this year has been 0.4. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 2.9%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 0.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0.6x giving a total win/loss ratio of 1.9x. Over the last month the average daily upward movement has been 0.3%

MFT Basic Candle: Short White
Short White Candle /
MFT Basic Candle: Short White

MFT: Basic Candlestick Current Signal -> (1) 12 Jan: BULLISH WEAK (2) 12 Jan: BULLISH (3) 12 Jan: NEUTRAL

MACD /
MFT: Moving Average Convergence Divergence [Bearish]

[BEARISH]: Mainfreight currently has negative MACD of -0.033000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.2%.

MACD Volume /
Mainfreight: Volume MACD @1804 [Bullish]

[BULLISH]: Mainfreight currently has positive Volume MACD of 1804. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Elders Force Index /
[Selling Pressure]: Elders Force Index (-586) confirms bearish conditions are intact

[BEARISH]: Mainfreight current price has highlighted recent selling pressure. Currently, the Elders Force Index is -586.

Mainfreight: Buyers have lost control.
Open Tod Vs Close Tod /
Mainfreight: Buyers have lost control.

MFT: Open today versus close yesterday Current Signal ->(1) 12 Jan: BEARISH (2) 12 Jan: BULLISH STRONG (3) 12 Jan: NEUTRAL

The TMA trend following signal is now active for Mainfreight [Bullish]
Triangular Moving Average /
The TMA trend following signal is now active for Mainfreight [Bullish]

[BEARISH]: Mainfreight 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 0.2%.

Momentum /
Mainfreight: Momentum(5)

[BEARISH]: Mainfreight currently has negative momentum of -0.28 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.2%.The largest downward momentum rally for the last 3 months is 2 days producing a return of 0%%.

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

[BEARISH]: Mainfreight currently has negative PVO -17.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.5%.

Demarks Pivot Points /
Stoploss for Mainfreight should be set between $25.27

Mainfreight has broken the first DeMark resistance point ($25.36) [Bullish]. Look for a long limit order entry near this point. Exit price for MFT should be set @$25.48 & Stoploss for Mainfreight should be set at $25.27

Mainfreight: Daily opening performance is -1.2 % [Uptrend]
Opening Price /
Mainfreight: Daily opening performance is -1.2 % [Uptrend]

[BEARISH]: Mainfreight opening price has gapped down. Currently, the OPEN is $25.24 (-1.2 %).

Average True Range for Mainfreight has signalled an uptrend is active
Average True Range /
Average True Range for Mainfreight has signalled an uptrend is active

[Bullish]: Average True Range has confirmed an uptrend is present. Mainfreight has a TR of 0.21, and an ATR(14) of 0.251.

Mainfreight: Price level has retraced to average & is no longer oversold
Commodity Channel Index /
Mainfreight: Price level has retraced to average & is no longer oversold

[NEUTRAL]: Mainfreight current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is 31. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was 21.

Percentage Price /
Mainfreight: Price Percentage Oscillator (0.933)

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

Sine Weighted Moving Average /
Mainfreight is in a short term uptrend with the SWMA(15) @$25.426

MFT: SWMA Current Signal -> (1) 12 Jan: BULLISH CROSSOVER (2) 12 Jan: BEARISH CROSSOVER (3) 12 Jan: BULLISH

Price Range /
Mainfreight: Daily price range is 0.21 [Downtrend]

[BEARISH]: Mainfreight current downtrend in the first timeframe. Currently, the Range is $0.21.

Accumulation / Distribution /
Accumulation still active for Mainfreight

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

Recent trading for Mainfreight fell short of the previous high by -0.5 %
High Price /
Recent trading for Mainfreight fell short of the previous high by -0.5 %

[BEARISH]: Mainfreight current downtrend in the first timeframe. Currently, the HIGH is -0.5 %.

Envelope bands Oversold signal is still current for Mainfreight [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Mainfreight [Bullish]

MFT: Envelope Bands Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BEARISH (3) 12 Jan: BEARISH

Weighted Moving Average /
[Uptrend]: Recent trading for MFT confirms bullish WMA(30) signal

[BEARISH]: Mainfreight currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.2%.

See More   See more results
Advertisment
Advertisment
back to top