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MTI Wireless Edge Ltd. (MWE)

33.00p

15:54 12/08/20

  • 0.00% 0.00p
  • Today's Low & High
  • 32.00 / 33.00
  • Open / Previous Close
  • 33.00 / 33.00
  • 52-week range
  • 50.00% 11.00p
  • Volume
  • 111,322
  • Market Cap(million)
  • £29.00m

Technical Analysis

Support and resistance levels

S1

0.31
-6.00%

R1

0.35
6.00%

S2

0.25
-24.00%

R2

0.43
30.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 0.32
  • 0.31
  • Levels of negotiation support resistance
  • 0.34
  • 0.35

Technical situation

Bullish bias is lost / Bearish if it should lose support at 0.25.

Recommendation

Short term comment

Losses from the last relative highs set at 0.43 makes the long-term bullish scenario to be recently discarded. Very short-term falls restrainment gives a positive signal, that would only be eliminated not only by the loss of last relative lows at 0.31, but as well the support in 0.25.

Long term comment

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Indicator Previous Current Signal Comment
RSI 7 50.49 50.49 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 48.19 48.19 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 47.66 47.66 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 48.44 48.44 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 50.44 50.44 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a
Slow Stochastic n/a n/a
Simple Moving Average 7 0.33 0.33 Very short-term trend is indefinite.
Simple Moving Average 21 0.33 0.33 Short/Mid-term trend is indefinite.
Simple Moving Average 50 0.35 0.35
Simple Moving Average 200 0.36 0.36 Indefinite long-term trend.
Exponential Moving Average 7 0.33 0.33 Very short-term trend is indefinite.
Exponential Moving Average 21 0.33 0.33 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 0.33 0.33 Indefinite mid-term trend.
Exponential Moving Average 200 0.33 0.33 Indefinite long-term trend.
MACD Line -0.01 0.00 Price following bearish trend.
MACD Signal -0.01 -0.01 Price following bearish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 0.33 0.33 Very short-term trend is indefinite.
Double Exponential Moving Average 21 0.34 0.34
Double Exponential Moving Average 50 0.34 0.34 Indefinite mid-term trend.
Double Exponential Moving Average 200 0.34 0.34 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 21,765.22 20,484.28 OBV is bullish
Momentum 7 0.01 0.01 High rising speed, though not extreme, in very short terms.
Momentum 7 0.01 0.00 Neutral speed of the short term move.
% K Williams 0.00 0.00 Overbought, would favour a bearish turn.
Priority Date Notification
07/07/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
06/07/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
03/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
02/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
01/07/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
26/06/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
25/06/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
24/06/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
23/06/2020 Bullish signal from fast stochastic. Previous close points the chance of rebounds after a recent negative move.
16/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
15/06/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.