MYR | Australian Securities Exchange

Myer
+ Share

Myer: Sellers have taken control.
Open Tod Vs Close Tod /
Myer: Sellers have taken control.

[BEARISH]: Myer opened in the middle part of daily range at 33.3% & closed in the lower part of the trading range at 0%. 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 11.1%.

Myer: MACD oscillator (0.0009)
MACD /
Myer: MACD oscillator (0.0009)

[BULLISH]: Myer currently has positive MACD of 0.0009. This means the signal line is greater than the MACD line signalling a bullish movement.

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Myer

[BULLISH]: Myer UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.542.

On Balance Volume /
Myer is being actively distributed based on OBV

[BEARISH]: Myer current price has highlighted recent distribution. Currently, the OBV is -288691.

Chaikin Money Flow /
Chaikin Oscillator is showing buying pressure for MYR.AX

[BULLISH]: Myer current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.05. Myer (ASX:MYR) received a confirmed CMF crossover days on the Nov 7 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.3 occurring on the Nov 7 2018.

Percentage Price /
Myer: Price Percentage Oscillator

MYR: PPO Current Signal -> (1) 13 Nov: BEARISH (2) 12 Nov: BEARISH (3) 09 Nov: BEARISH

The WMA trend following signal is now active for Myer [Bearish]
Weighted Moving Average /
The WMA trend following signal is now active for Myer [Bearish]

[BEARISH]: Myer currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -3.1%.

Elders Force Index /
Elders Force Index (-4646) has signalled selling pressure has continued for MYR

[BEARISH]: Myer current price has highlighted recent selling pressure. Currently, the Elders Force Index is -4646.

Daily trading has confirmed the DPO(20) is bearish for Myer
Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Myer

[BEARISH]: Myer currently has a confirmed downtrend. Price is currently below the displaced moving average for MYR. Currently, the return on DPO20 is -3.1%.

The SWMA trend following signal is now active for Myer [Bearish]
Sine Weighted Moving Average /
The SWMA trend following signal is now active for Myer [Bearish]

MYR: SWMA Current Signal -> (1) 13 Nov: BEARISH CROSSOVER (2) 12 Nov: BULLISH (3) 09 Nov: BULLISH

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon downtrend is intact for MYR

[BEARISH]: Myer has a current ARU(25) of 40 and a current ARD(25) of 64

Elder Ray Index /
Myer: Elder Ray Index is 0.002 [Bullish]

[BULLISH]: Myer Elder Ray Index is signalling a Bullish movementERI is 0.002 indicating bull power. Prices are being driven above the consensus of value for MYR during the last trading session [Buying Pressure]

Camarilla Pivot Points /
Camarilla pivot point for MYR is bearish. Stoploss should be positioned @$0.543

Myer current pivot point Camarilla is: $0.47. The current resistance levels are: (R1) $0.504: (R2) $0.543: (R3) $0.583: (R4) $0.7The current support levels are: (S1) $0.426: (S2) $0.387: (S3) $0.348: (S4) $0.23

Myer: 0.618 Fibonacci Fan ($0.64)
Fibonacci Fans /
Myer: 0.618 Fibonacci Fan ($0.64)

Myer: The current Fibonacci Fan levels are: (23.61%) $0.6: (38.2%) $0.61: (50%) $0.62: (61.8%) $0.64The current support levels are: (78.6%) $0.65: (100%) $0.67: (138.2%) $0.7: (161.8%) $0.73: (261.8%) $0.81: (423.61%) $0.95

Confirmation of Myer is currently being accumulated
Accumulation / Distribution /
Confirmation of Myer is currently being accumulated

[BULLISH]: Myer (ASX:MYR) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 36470.7.

Tricklar Trend /
Myer: Medium term Tricklar trend (Downtrend)

[BEARISH]: Myer has a Tricklar downtrend confirmation. This was confirmed through a price breakout on the Nov 8 2018.

Pivot Points /
[Short]: Entry price for MYR should be set @$0.455

Myer has broken the first support point ($0.455) [Bearish]. Look for a short limit order entry near this point. Exit price for MYR should be set @$0.455 & short position stoploss for Myer should be set between $0.485 & $0.49

Close Tod Vs Range Tod /
Currently this quarter, closing price for MYR has spent 1 day in the lower price range

[BEARISH]: Myer sellers in control. This is the first day of seller commitment for Myer 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 1 trading day with the closing price in the lower part of the range giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading day with the closing price in the lower range giving a confirmation ratio of 11.1%. Currently this quarter, closing price has spent 1 day in the lower price range compared to 4 days in the upper range giving a ratio of 0.3x.

Initiation of oversold signal for Myer [Bearish Crossover]
Moving Average Envelope /
Initiation of oversold signal for Myer [Bearish Crossover]

[BEARISH CROSSOVER]: Myer current price has driven Envelope Bands to become oversold signalling the continuation of short trading conditions. Currently, the Lower Band is 0.4655.

[Bearish]: EMA(15) is serving as a resistance line for Myer
Exponential Moving Average /
[Bearish]: EMA(15) is serving as a resistance line for Myer

MYR: EMA(15) Recent Trading -> (1) 13 Nov: 0.4795 (2) 12 Nov: 0.4815 (3) 09 Nov: 0.4817

Bollinger Bands /
Bollinger Overbought signal continues for Myer indicating downward price movement is likely

[BEARISH]: Myer is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 25.3% with a current width of 15.69.

Rate of Change /
14-day rate of change is decreasing for Myer

[BEARISH]: Myer currently has negative rate of change of -5.102%. 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

MACD Volume /
Volume MACD oscillator remains positive for MYR

[BULLISH]: Myer currently has positive Volume MACD of 79503. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Range Tod Vs Range Yest /
Myer: Range Performance (50.0)

[BEARISH]: Myer sellers are increasingly eager. This is the first day sellers have increasing eagerness for MYR adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.0300 & the greatest daily price range this year has been $0.3320. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.1x.

[Short]: Exit price for MYR should be set @$0.454
Woodie Pivot Point /
[Short]: Exit price for MYR should be set @$0.454

Myer current pivot point (Woodie) is: $0.469. The current resistance levels are: (R1) $0.473: (R2) $0.484The current support levels are: (S1) $0.458: (S2) $0.454

MFI Oversold signal is still current for Myer
Money Flow Index /
MFI Oversold signal is still current for Myer

[BEARISH]: Myer (ASX:MYR) current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 14.76. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 66.43.

Black Candle /
MYR Basic Candle: Black

[BEARISH]: Myer has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

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