Myx (MYX)

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Myx (MYX): Signals

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TECHNICAL ANALYSIS SUMMARY

Myx (MYX.AX)


Indicator:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $0.915
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Myx (ASX:MYX) currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -3.7%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


PROFILE: Myx (MYX.AX)


Stock Exchange: ASX
Company: Myx
Ticker Codes: | MYX.AX | ASX:MYX |

About Myx (ASX:MYX):

Mayne Pharma Group Limited manufactures and sells branded and generic pharmaceutical products worldwide. It operates through four segments: Generic Products, Specialty Brands, Metrics Contract Services, and Mayne Pharma International. The company provides pharmaceuticals in the forms of tablets, capsules, foams, creams, powders, patches, pastes, and gels. It also manufactures oral solid-dose pharmaceutical products; and offers contract analytical and pharmaceutical development, and manufacturing services to third-party customers. The company was formerly known as Halcygen Pharmaceuticals Limited and changed its name to Mayne Pharma Group Limited in November 2010. Mayne Pharma Group Limited is based in Salisbury South, Australia.

Top 10:

Exponential Moving Average

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IRD Iron Road 0.06 7.8 20,000 -1.3 BEARISH
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IFL Ioof Holdings 4.83 7.3 4,622,897 -16.6 BEARISH
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IPD Impedimed 0.25 6.5 320,200 -4.1 BEARISH
MOY Millennium Minerals 0.19 5.7 282,159 -1.3 BEARISH
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