Technical analysis from S&P/NZX MIDCAP (NZMGC) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

S&P/NZX MIDCAP
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The current price is still gaining momentum through a rise for NZMGC on the short term EMA.
Percentage Price /
The current price is still gaining momentum through a rise for NZMGC on the short term EMA.

[BULLISH]: S&P/NZX MIDCAP currently has positive PPO 1.800%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

S&P/NZX MIDCAP: Detrended Price Oscillator(20) is 1414.95
Detrended Price Oscillator /
S&P/NZX MIDCAP: Detrended Price Oscillator(20) is 1414.95

[BULLISH]: S&P/NZX MIDCAP currently has a confirmed uptrend. Price is currently above the displaced moving average for NZMGCCurrently, the return on DPO20 is -0.1%.

Short Trend /
NZMGC: Short term trend has confirmed an Downtrend

NZMGC: Daily Trend Current Signal -> (1) 20 Oct: BEARISH CONFIRM (2) 19 Oct: BULLISH (3) 18 Oct: INSIDE DAY CONFIRM

Average Directional Movement /
S&P/NZX MIDCAP: Average Directional Index (87.84) has confirmed a extremely strong trend is present

[Strong Trend]: ADX for NZMGC has confirmed an extremely strong trend is presentS&P/NZX MIDCAP has an ATR(14) of 144.642, a DX of 74.95 & an ADX(14) of 87.84

Relative Strength Index /
S&P/NZX MIDCAP is still overbought with the Relative Strength Index @90.2593

[BEARISH]: S&P/NZX MIDCAP is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @90.2593

Triangular Moving Average /
NZMGC: Price has moved below the TMA(5) @$24132.3

[BEARISH]: S&P/NZX MIDCAP 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 -0.1%.

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Simple Moving Average /
Simple Moving Average(5) signal continues for S&P/NZX MIDCAP indicating downward price movement is likely

[BULLISH]: S&P/NZX MIDCAP currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.1%.

Fibonacci Extensions /
Short positions for S&P/NZX MIDCAP should be set between $0 & $0

S&P/NZX MIDCAP has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for NZMGC should be set @$0 & short position stoploss for S&P/NZX MIDCAP should be set at $0

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S&P/NZX MIDCAP opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 85.3%. This suggests the sellers have lost control.
Open Tod Vs Close Tod /
S&P/NZX MIDCAP opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 85.3%. This suggests the sellers have lost control.

NZMGC: Open today versus close yesterday Current Signal ->(1) 20 Oct: BULLISH (2) 19 Oct: NEUTRAL (3) 18 Oct: BULLISH

Daily trading has confirmed an ATR uptrend (144.642) for S&P/NZX MIDCAP
Average True Range /
Daily trading has confirmed an ATR uptrend (144.642) for S&P/NZX MIDCAP

[Bullish]: Average True Range has confirmed an uptrend is present. S&P/NZX MIDCAP has a TR of 239.2, and an ATR(14) of 144.642.

Aroon Oscillator /
S&P/NZX MIDCAP: Aroon oscillator (76) has confirmed a strong uptrend is present

[BULLISH]: S&P/NZX MIDCAP has a current ARU(25) of 80 and a current ARD(25) of 4

MACD /
NZMGC: The return on MACD is 7.3%.

[BULLISH]: S&P/NZX MIDCAP currently has positive MACD of 10.581000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 7.3%.

Black Candle /
NZMGC Basic Candle: Black

[BEARISH]: S&P/NZX MIDCAP has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

S&P/NZX MIDCAP: Uptrend for the medium term trend is continued
Medium Trend /
S&P/NZX MIDCAP: Uptrend for the medium term trend is continued

[BULLISH]: S&P/NZX MIDCAP is in an uptrend in the medium term timeframe. The current rally number is 20 & the highest rally count for the LTM is 20. The highest rally for the month is 15

[Bearish]: S&P/NZX MIDCAP has failed beat previous low by -0.7 %
Low Price /
[Bearish]: S&P/NZX MIDCAP has failed beat previous low by -0.7 %

[BULLISH]: S&P/NZX MIDCAP current downtrend in the first timeframe. Currently, the Low is $23919.7 (-0.7 %).

Weighted Moving Average /
S&P/NZX MIDCAP is in a short term downtrend with the closing price @$24123.8

[BEARISH]: S&P/NZX MIDCAP 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 -0.1%.

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

NZMGC: OPEN Current Signal -> (1) 20 Oct: NEUTRAL (2) 19 Oct: NEUTRAL (3) 18 Oct: NEUTRAL

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for S&P/NZX MIDCAP indicating downward price movement is likely

NZMGC: EMA(5) Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

The win ratio for price fall in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 2.4x
Close Tod Vs Close Yest /
The win ratio for price fall in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 2.4x

[BEARISH]: S&P/NZX MIDCAPsellers are keener than buyers and are driving the price down. This is the first day of price decline for NZMGC adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -0.3 & the greatest daily negative change this year has been -1. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -1.6%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -0.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 2.4x. Over the last month the average daily downward movement has been -0.2%

Positive ROC: Price is trading higher for S&P/NZX MIDCAP than 14 days ago
Rate of Change /
Positive ROC: Price is trading higher for S&P/NZX MIDCAP than 14 days ago

NZMGC: ROC Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Envelope bands Oversold signal is still current for S&P/NZX MIDCAP [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for S&P/NZX MIDCAP [Bullish]

[BULLISH]: S&P/NZX MIDCAP current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 22247.4990.

Stochastic Oscillator /
Stochastic Oscillator for NZMGC has crossed below the overbought limit triggering a neutral signal

NZMGC: Stochastic Oscillator Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Momentum /
Negative momentum confirmation for S&P/NZX MIDCAP is a leading indicator for continued price falls

[BEARISH CROSSOVER]: S&P/NZX MIDCAP currently has negative momentum of -99.6 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.1%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%%.

High Price /
[Bearish]: Lower high has formed for NZMGC by -0.2 % during the last trading session

[BEARISH]: S&P/NZX MIDCAP current downtrend in the first timeframe. Currently, the HIGH is -0.2 %.

Range Tod Vs Range Yest /
S&P/NZX MIDCAP: Range Performance (118.4)

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

Limit order for a short position has been identified for S&P/NZX MIDCAP [Bearish]
Woodie Pivot Point /
Limit order for a short position has been identified for S&P/NZX MIDCAP [Bearish]

S&P/NZX MIDCAP has broken the first Woodie support point ($24004.2) [Bearish]. Look for a short limit order entry near this point. Exit price for NZMGC should be set @$23842.3 & short position stoploss for S&P/NZX MIDCAP should be set at $24320.8

Price continues to trade below the Sine Weighted Moving Average(5) for NZMGC
Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(5) for NZMGC

NZMGC: SWMA Recent Trading -> (1) 20 Oct: 24157.798 (2) 19 Oct: 24171.544 (3) 18 Oct: 24164.111

Williams %R /
William %R overbought signal has just been neutralized for S&P/NZX MIDCAP

[BULLISH]: S&P/NZX MIDCAP is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

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