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MTI Wireless Edge Ltd. (MWE)

80.50p

15:55 01/03/21

  • -3.01% -2.50p
  • Today's Low & High
  • 78.25 / 87.80
  • Open / Previous Close
  • 85.50 / 80.50
  • 52-week range
  • 159.68% 49.50p
  • Volume
  • 183,270
  • Market Cap(million)
  • £71.27m

Technical Analysis

Support and resistance levels

S1

0.36
0.00%

R1

0.40
10.00%

S2

0.25
-31.00%

R2

0.43
19.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 0.34
  • 0.32
  • Levels of negotiation support resistance
  • 0.39
  • 0.42

Technical situation

Fully retracing the last bullish impulse / Wait for development between 0.31 and 0.25.

Recommendation

Short term comment

Mid/long-term scenario has turned to neutral-bearish. Shorter terms, however, point a neutral bias since it set highs at 0.43. At this time, there is a first support in the recently set lows at 0.31. Loss of this support would be a negative signal and likely mean a mid-term downwards turn that would be confirmed if it lost 0.25. On the other hand, going above 0.4 Would stand for cancelling the bearish signs.

Long term comment

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Indicator Previous Current Signal Comment
RSI 7 59.33 70.44 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 52.31 58.61 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 50.25 54.44 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 49.37 51.05 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 50.68 51.18 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 Extremely bullish very short-term trend.
Simple Moving Average 21 0.33 0.33 Bullish mid-term trend.
Simple Moving Average 50 0.35 0.35 Indefinite mid-term trend.
Simple Moving Average 200 0.36 0.36 Indefinite long-term trend.
Exponential Moving Average 7 0.33 0.34 Extremely bullish very short-term trend.
Exponential Moving Average 21 0.33 0.33 Bullish mid-term trend.
Exponential Moving Average 50 0.33 0.33 Bullish mid-term trend.
Exponential Moving Average 200 0.33 0.33 Indefinite long-term trend.
MACD Line 0.00 0.00 Possible price turn.
MACD Signal -0.01 0.00 Possible price turn.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 0.33 0.33 Extremely bullish very short-term trend.
Double Exponential Moving Average 21 0.34 0.34 Bullish mid-term trend.
Double Exponential Moving Average 50 0.34 0.34 Bullish 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. 11,033.26 12,556.26 OBV is bullish
Momentum 7 0.01 0.04 Extremely high rising speed in the very short term.
Momentum 7 0.01 0.02 Strong, though not extreme, rising speed in the short term.
% K Williams 0.00 0.00 Overbought, would favour a bearish turn.
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