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MAYNE PHARMA GROUP LIMITED (MYX.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 18 Jan 2017NoneDojiTue, 17 Jan 2017-1.6%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
1.23 0.00 (0%) Jan 18 8:10am AEST
Open: 1.25 Range: 1.21 - 1.25 Vol: 7.28M Avg Vol: 10.3M
EPS: 0.05 P/E ratio: 26.74 EBITDA: 64.96M Mkt Cap: 996.36M
Analyze "MYX.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 1.25
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 1.33
Last Trade is below the 50 day moving average at 1.45
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 1.66
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MYX.AX

Stock Trend Analysis - Buy, Sell or Hold "MAYNE PHARMA GROUP LIMITED" (MYX.AX)?

Although MYX.AX is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, MYX.AX has been trading above the 200 day moving average for 81% of the time with an average daily volume of 10.3M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.The medium term trend for MYX.AX is extremely bearish and weak, having traded almost 82% of the time below the 50 day moving average. The 20 day moving average is also very weak and displaying very bearish bias. MYX.AX may be long overdue for a good oversold bounce, but objectively, as long as MYX.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 "MYX.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 18 Jan 2017
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