Mirvac Group (ASX:MGR) Heffx Technical Analysis
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
By the way, prices are vulnerable to a correction towards 2.16.
The projected upper bound is: 2.24.
The projected lower bound is: 2.06.
The projected closing price is: 2.15.
During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 19 white candles and 23 black candles for a net of 4 black candles.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 52.6316. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 46.72. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 38 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -12. This is not a topping or bottoming area. The last signal was a buy 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.
Rex Takasugi – TD Profile
MIRVAC GRP STAPL closed up 0.020 at 2.150. Volume was 84% below average (consolidating) and Bollinger Bands were 5% wider than normal.
Open High Low Close Volume___
2.150 2.160 2.140 2.150 2,112,199
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 2.13 2.20 2.02
Volatility: 25 25 24
Volume: 11,924,364 13,944,587 13,659,425
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
MIRVAC GRP STAPL is currently 6.6% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of MGR.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on MGR.AX and have had this outlook for the last 30 periods.
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