Technical analysis from Mullen (MTL.TO.TO, TSE:MTL.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Mullen
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[Downtrend]: Recent trading for MTL indicates ST trend is likely to continue
Triangular Moving Average /
[Downtrend]: Recent trading for MTL indicates ST trend is likely to continue

[BEARISH]: Mullen 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 -0.7%.

Mullen : Buyers have taken control.
Open Tod Vs Close Tod /
Mullen : Buyers have taken control.

MTL: Open today versus close yesterday Current Signal ->(1) 25 May: BULLISH (2) 24 May: BEARISH (3) 23 May: BEARISH

High Price /
MTL has achieved a lower high of $14.64 (-1.3 %)

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

Chaikin Money Flow /
CMF has a positive momentum of the acc/dist line

[BULLISH]: Mullen current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.21. MTL received a confirmed CMF crossover days on the Mar 28 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.33 occurring on the Mar 28 2018.

Fibonacci Extensions /
Mullen : 1.618 Fibonacci Extension ($16.16)

Mullen has moved above the 161.8% level ($14.43) [Bearish]. Look for a short limit order entry near this point. Exit price for MTL should be set @$12.87 & short position stoploss for Mullen should be set at $15.99

Long Trend /
Mullen : Uptrend for the long term trend is continued

[BULLISH]: Mullen has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 3 2018.

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Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for MTL

[BEARISH]: Mullen Elder Ray Index is signalling a Bearish movementERI is -0.382 indicating bear power. Prices are being driven below the consensus of value for MTL during the last trading session [Selling Pressure]

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for MTL

[BULLISH]: Mullen current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 399.

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

[BEARISH]: Mullen current downtrend in the first timeframe. Currently, the Close is $14.58.

[Bearish]: SWMA(5) is serving as a resistance line for Mullen
Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Mullen

[BEARISH]: Mullen 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 -0.7%.

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for MTL

MTL: SMA Recent Trading -> (1) 25 May: 14.8 (2) 24 May: 14.914 (3) 23 May: 14.934

Ease of Movement /
Mullen was easily moved downward on low volume in recent trading [Bearish]

MTL: EOM Current Signal -> (1) 25 May: BEARISH EASY (2) 24 May: BEARISH EASY (3) 23 May: BEARISH EASY

Average True Range /
Average True Range for Mullen has signalled an downtrend is active

[Bearish]: Average True Range has confirmed an downtrend is present. Mullen has a TR of 0.25, and an ATR(14) of 0.326.

Mullen : Uptrend for the medium term trend is continued
Medium Trend /
Mullen : Uptrend for the medium term trend is continued

[BULLISH]: Mullen has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 15 2018.

Recent trading highlights initial selling pressure is present for MTL
Elders Force Index /
Recent trading highlights initial selling pressure is present for MTL

MTL: Elders Force Index Current Signal -> (1) 25 May: BEARISH CROSSOVER (2) 24 May: BULLISH (3) 23 May: BULLISH

Moving Average Envelope /
Closing price for MTL is still below the lower envelope signalling a bullish movement

[BULLISH]: Mullen current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 14.174.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Mullen indicating downward price movement is likely

[BEARISH]: Mullen 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 -0.7%.

Percentage Volume /
Mullen : Percentage Volume Oscillator (-14.26)

[BEARISH]: Mullen currently has negative PVO -14.26%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.5%.

[Weak Trend]: Average Directional Index (12.61) weak trend has been confirmed for MTL
Average Directional Movement /
[Weak Trend]: Average Directional Index (12.61) weak trend has been confirmed for MTL

[Weak Trend]: ADX for MTL has confirmed a weak trend is present. Mullen has an ATR(14) of 0.326, a DX of 12.83 & an ADX(14) of 12.61

MTL: William %R continues to move below the oversold limit @-85.1
Williams %R /
MTL: William %R continues to move below the oversold limit @-85.1

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

Stochastic Oversold signal is still current for Mullen  [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for Mullen [Bullish]

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

Two White Soldiers /
Mullen : Two White Soldiers

[BULLISH]: Mullen has formed a new Two White Soldiers pattern.

Opening Price /
Mullen : Daily opening price is $14.51

MTL: OPEN Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Pivot Points /
Pivot point for MTL is bearish. Stoploss should be positioned @$14.753

Mullen has broken the first support point ($14.466) [Bearish]. Look for a short limit order entry near this point. Exit price for MTL should be set @$14.353 & short position stoploss for Mullen should be set between $14.753 & $14.866

Price Range /
[Bullish]: Range has increased for MTL during the last trading session

[BULLISH]: Mullen current uptrend in the first timeframe. Currently, the Range is $0.2.

Negative momentum: Price is trading lower for Mullen  than 5 days ago
Momentum /
Negative momentum: Price is trading lower for Mullen than 5 days ago

[BEARISH]: Mullen currently has negative momentum of -0.57 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.7%.The largest downward momentum rally for the last 3 months is 10 days producing a return of -6.5%.

Mullen  has moved below the S1 DeMark pivot point ($14.575) [Bearish]
Demarks Pivot Points /
Mullen has moved below the S1 DeMark pivot point ($14.575) [Bearish]

Mullen current pivot point (DeMark) is: (R1) $14.71. The current pivot point (DeMark) is: (S1) $14.51.

MACD Volume /
Mullen : Volume MACD (-134)

[BEARISH]: Mullen currently has negative Volume MACD of -134. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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