MCY | Australian Stock Exchange

Mighty River Power
+ Share

[Long]: Limit orders for Mighty River Power should be set at $3.06
Woodie Pivot Point /
[Long]: Limit orders for Mighty River Power should be set at $3.06

Mighty River Power has broken the first Woodie resistance point ($3.06) [Bullish]. Look for a long limit order entry near this point. Exit price for MCY should be set @$3.12 & Stoploss for Mighty River Power should be set at $2.96

[Short]: Limit orders for Mighty River Power should be set at $2.994
Pivot Points /
[Short]: Limit orders for Mighty River Power should be set at $2.994

Mighty River Power has broken the first resistance point ($3.074) [Bullish]. Look for a long limit order entry near this point. Exit price for MCY should be set @$3.127 & Stoploss for Mighty River Power should be set between $2.967 & $2.914

MACD Volume /
Mighty River Power: Volume MACD oscillator (623)

[BULLISH]: Mighty River Power currently has positive Volume MACD of 623. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Mighty River Power

MCY: WMA Recent Trading -> (1) 20 Jul: 3.0310 (2) 19 Jul: 3.0340 (3) 18 Jul: 3.0320

Accumulation / Distribution /
Traders are currently accumulating Mighty River Power

[BULLISH]: Mighty River Power current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 98619.

MACD /
MCY: The return on MACD is -0.7%.

[BULLISH]: Mighty River Power currently has positive MACD of 0.0008. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.7%.

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Medium Trend /
[Uptrend]: The second timeframe trend for Mighty River Power remains intact

[BULLISH]: Mighty River Power has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jul 11 2018.

MCY Basic Candle: Long Black
Long Black Candle /
MCY Basic Candle: Long Black

[BEARISH]: Mighty River Power has formed a Long Black candlestick. This means, MCY has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Negative VROC confirmation for MCY is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC confirmation for MCY is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Mighty River Power currently has negative rate of change of -31%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.7%.

Demarks Pivot Points /
Mighty River Power has broken the first DeMark resistance point ($3.04) [Bullish]

Mighty River Power has broken the first DeMark resistance point ($3.0400) [Bullish]. Look for a long limit order entry near this point. Exit price for MCY should be set @$3.06 & Stoploss for Mighty River Power should be set at $2.98

High Price /
Mighty River Power: Daily high performance is 1.3 % [Uptrend]

[BULLISH]: Mighty River Power current uptrend in the first timeframe. Currently, the HIGH is 1.3 %.

Daily Volume Index /
DVI: Accumulation still active for Mighty River Power

MCY: DVI Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

Mighty River Power has maintained the 3rd timeframe trend [Uptrend]
Long Trend /
Mighty River Power has maintained the 3rd timeframe trend [Uptrend]

[BULLISH]: Mighty River Power is in an uptrend in the medium term timeframe. The current rally number is 9 & the highest rally count for the LTM is 9. The highest rally for the month is 15

Mighty River Power: Aroon Oscillator (-56)
Aroon Oscillator /
Mighty River Power: Aroon Oscillator (-56)

[BEARISH]: Mighty River Power has a current ARU(25) of 28 and a current ARD(25) of 84

Williams %R /
Mighty River Power is now oversold with the William %R @-88.9

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

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Mighty River Power indicating downward price movement is likely

[BEARISH]: Mighty River Power 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%.

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

[BEARISH]: Mighty River Power current downtrend in the first timeframe. Currently, the Close is $3.02.

Negative ROC: Price is trading lower for Mighty River Power than 14 days ago
Rate of Change /
Negative ROC: Price is trading lower for Mighty River Power than 14 days ago

[BEARISH]: Mighty River Power currently has negative rate of change of -1.307%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Simple Moving Average(5) signal is confirmed for Mighty River Power indicating downward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Mighty River Power indicating downward price movement is likely

[BEARISH]: Mighty River Power currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.7%.

Stoploss for Mighty River Power should be set at $5.59
Fibonacci Extensions /
Stoploss for Mighty River Power should be set at $5.59

Mighty River Power has moved below the 161.8% level ($5.1) [Bullish]. Look for a long limit order entry near this point. Exit price for MCY should be set @$4.61 & Stoploss for Mighty River Power should be set at $5.59

On Balance Volume /
Recent trading signals Mighty River Power is being distributed

[BEARISH]: Mighty River Power current price has highlighted recent distribution. Currently, the OBV is -6152.

Momentum /
Mighty River Power has initiated a positive momentum of 0.01

[BULLISH CROSSOVER]: Mighty River Power currently has positive momentum of 0.01. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 1.7%.

Open Tod Vs Close Tod /
Mighty River Power opened in the lower part of daily range at 25% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control.

[BEARISH]: Mighty River Power opened in the lower part of daily range at 25% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 18 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 6.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 13.3%.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Mighty River Power [Bullish]

[BEARISH]: Mighty River Power current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 3.213.

Price percentage oscillator: Downward momentum is still present for Mighty River Power
Percentage Price /
Price percentage oscillator: Downward momentum is still present for Mighty River Power

[BEARISH]: Mighty River Power currently has negative PPO -0.408%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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