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CONTANGO MICROCAP LIMITED (CTN.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 29 Jun 2017DojiDojiWed, 28 Jun 20170%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
0.91 0.00 (0%) Nov 01 6:42am AEST
Open: 0.905 Range: 0.900 - 0.905 Vol: 274.79K Avg Vol: 263.45K
EPS: 0.06 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "CTN.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 0.91
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 0.90
Last Trade is below the 50 day moving average at 0.93
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 1.05
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CTN.AX

Stock Trend Analysis - Buy, Sell or Hold "CONTANGO MICROCAP LIMITED" (CTN.AX)?

CTN.AX is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that CTN.AX has been range bound with a slight upward bias, having traded above the 200 SMA about 58% of the time. The medium term trend for CTN.AX is extremely bearish and weak, having traded almost 97% of the time below the 50 day moving average. The 20 day moving average is also very weak and displaying very bearish bias. CTN.AX may be long overdue for a good oversold bounce, but objectively, as long as CTN.AX is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a long term buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CTN.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 29 Jun 2017

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