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MYER HOLDINGS LIMITED (MYR.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 29 Jun 2017NoneDojiFri, 09 Jun 20170%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
0.74 0.00 (0%) Aug 21 2:24am AEST
Open: 0.740 Range: 0.730 - 0.740 Vol: 764.66K Avg Vol: 6.5M
EPS: 0.08 P/E ratio: 11.03 EBITDA: 184.46M Mkt Cap: 706.29M
Analyze "MYR.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 0.89
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 0.87
Last Trade is below the 50 day moving average at 0.99
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 1.17
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MYR.AX

Stock Trend Analysis - Buy, Sell or Hold "MYER HOLDINGS LIMITED" (MYR.AX)?

MYR.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 MYR.AX has been range bound with a slight upward bias, having traded above the 200 SMA about 54% of the time. The medium term trend for MYR.AX is extremely bearish and weak, having traded almost 95% of the time below the 50 day moving average. The 20 day moving average is also very weak and displaying very bearish bias. MYR.AX may be long overdue for a good oversold bounce, but objectively, as long as MYR.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 "MYR.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 29 Jun 2017
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