Medical Developments

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Open/close reversal: Sellers have taken control during the trading day for Medical Developments

[BEARISH]: Medical Developments opened in the middle part of daily range at 45.7% & closed in the lower part of the trading range at 28.6%. This suggests the sellers have taken control. Over the last 12 months there has been 1 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 8.3%.

Medical Developments: Close versus price range (28.6%.)

[BEARISH]: Medical Developments sellers in control. This is the first day of seller commitment for Medical Developments 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 2 trading days with the closing price in the lower 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 lower range giving a confirmation ratio of 16.7%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 2 days in the upper range giving a ratio of 1x.

MVP Basic Candle: Short Black

MVP Basic Candle: Short Black

[BEARISH]: Medical Developments has formed a Short Black candlestick. This means, MVP has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Closing price for MVP ($10.84) signals sellers are still keener than buyers

[BEARISH]: Medical Developmentssellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for MVP adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -2.1 & the greatest daily negative change this year has been -6.9. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -13.2%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -7.8%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -1.400000%

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