Midway (MWY)

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Midway (MWY): Signals

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TECHNICAL ANALYSIS SUMMARY

Midway (MWY.AX)


Indicator:

DEMARK PIVOT POINT


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Midway (ASX:MWY) current pivot point (DeMark) is:
(R1) $3.615.

The current pivot point (DeMark) is:
(S1) $3.465.



Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.

Calculation: Demarks Pivot Points:
1) If Close < Open then X = High + (2 x Low) + Close;
2) If Close > Open then X = (2 x High) + Low + Close;
3) If Close = Open then X = High + Low + (2 x Close) ;
4) Pivot Point (P) = X/4;
5) Support 1 (S1) = X/2 – High;
6) Resistance 1 (R1) = X/2 – Low;


PROFILE: Midway (MWY.AX)


Stock Exchange: ASX
Company: Midway
Ticker Codes: | MWY.AX | ASX:MWY |

About Midway (ASX:MWY):

Midway Limited produces, sells, and exports wood fiber products to producers of pulp, and paper and associated products in Australia, Japan, and China. It primarily offers hardwood and softwood woodchips. The company also provides plantation management services to third party tree owners. Midway Limited is based in North Shore, Australia.

Top 10:

Demark's Pivot Points

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Company Close Change (%) Volume Value Signal
MTO Moto Goldmines 1.85 8.8 155,254 0 BEARISH CROSSOVER
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VRL Village Roadshow 2.96 3.9 175,439 -0.01 BEARISH CROSSOVER
NHC New Hope 3.77 3.9 954,842 0 BEARISH CROSSOVER
CAT Catuity 0.77 3.4 935,610 -0.03 BEARISH CROSSOVER
BSL Bluescope Steel 12.47 3 1,910,614 0 BEARISH CROSSOVER
PMP PMP 0.18 2.9 123,689 -0.04 BEARISH CROSSOVER
SIQ Smartgroup 9.78 2.9 295,333 -0.01 BEARISH CROSSOVER
JBH Jb Hi-Fi 21.6 2.3 338,382 -0.01 BEARISH CROSSOVER
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