Maca

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14-day momentum is decreasing for Maca

14-day momentum is decreasing for Maca

[BEARISH]: Maca currently has negative momentum of -0.055 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.5%.The largest downward momentum rally for the last 3 months is 6 days producing a return of -1.5%.

Maca: 0.618 Fibonacci Fan ($3.08)

Maca: The current Fibonacci Fan levels are: (23.61%) $3.71: (38.2%) $3.19: (50%) $3.15: (61.8%) $3.08The current support levels are: (78.6%) $3.01: (100%) $2.94: (138.2%) $2.77: (161.8%) $2.66: (261.8%) $2.21: (423.61%) $1.51

Maca: Buyers are in control at the market close.

[BULLISH]: Maca buyers are in control at the market close. This is the first day of buyer commitment for Maca adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 12.5%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 4 days in the lower range giving a ratio of 0.5x.

Open/close reversal: Sellers have lost control during the trading day for Maca

[BULLISH]: Maca opened in the upper part of daily range at 80% & closed in the upper part of the trading range at 80%. This suggests the sellers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 6.3%.

Closing price for MLD ($1) signals buyers are now keener than sellers

[BULLISH]: Macabuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MLD adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.1 & the greatest daily positive change this year has been 4.4. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 12.6%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 9.8%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.4x. Over the last month the average daily upward movement has been 2.300000%

Maca is no longer oversold

[NEUTRAL]: Maca (ASX:MLD) current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 25.14. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 66.34.

Maca: Volume rate of Change (14)

[BEARISH]: Maca currently has negative rate of change of -3%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.5%.

Maca continues negative divergence & potential shift in direction

[BEARISH]: Maca current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.23. Maca (ASX:MLD) received a confirmed CMF crossover days on the May 2 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.32 occurring on the May 2 2019.

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