Nzme

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Nzme: Overbought signal still active

[BULLISH]: Nzme (ASX:NZM) current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 83.05. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 11.38.

Daily trading for NZM indicated buyers are now in control

[BULLISH]: Nzme buyers are in control at the market close. This is the first day of buyer commitment for Nzme 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 3 days in the lower range giving a ratio of 0.7x.

Closing price for Nzme has seen sellers win the daily battle for performance @ -1.0%

[BEARISH]: Nzmesellers are keener than buyers and are driving the price down. This is the first day of price decline for NZM adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -9.8 & the greatest daily negative change this year has been -74.6. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -74.6%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -74.6%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.7x. Over the last month the average daily downward movement has been -2.400000%

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