[BEARISH]: My Net Fone sellers in control. This is the first day of seller commitment for My Net Fone 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 6 trading days with the closing price in the lower part of the range giving a confirmation ratio of 2.3%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 1 days in the upper range giving a ratio of 6x.
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
PROFILE: My Net Fone (MNF.AX)
Stock Exchange: ASX
Company: My Net Fone
Ticker Codes: | MNF.AX | ASX:MNF |
MNF Group Limited provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers in Australia and internationally. It operates through three segments: Australian Domestic Retail; Australia/New Zealand Domestic Wholesale; and Global Wholesale. The company's products include MyNetFone that provides voice and Internet services; Symbio Networks, which offers IP voice carriage services and software through in-country voice infrastructure and platforms; Connexus corporate connectivity and cloud services; and CallStream that provides inbound business phone numbers. The company's products also iBoss, a software-as-a-service platform, which enables anyone to start and scale their own telecommunications business; TollShield, a real-time toll fraud mitigation software for networks and carriers; Pennytel, a VoIP home phone and ADSL Internet service provider; The Buzz, a money-saving budget home phone for PSTN customers; and OpenCA Softswitch delivers converged voice, data, and multi-media services for carriers and enterprises. It is also involved in the sale of audio conferencing and collaboration services to business customers; and the provision of hardware, equipment, and consulting services to support its products. The company was formerly known as My Net Fone Limited and changed its name to MNF Group Limited in October 2015. The company was founded in 2004 and is headquartered in Sydney, Australia.
Close vs RangeDownload
|TNG Tennant Creek Gold||0.14||2.3||1,191,071||-1||BEARISH|
|PEA Pacific Energy||0.56||1.8||161,293||-1||BEARISH|
|PAI Platinum Asia Investments||1.18||1.3||190,805||-1||BEARISH|
|AEF Australian Ethical Investments||152.8||1.2||36||-1||BEARISH|
|JHC Japara Healthcare||1.38||1.1||897,456||-1||BEARISH|
|TLG Talga Gold||0.49||1||58,406||-1||BEARISH|
|AGI Ainsworth Game Technology||1.12||0.9||1,313,740||-1||BEARISH|