Mastermyne Group Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Mastermyne Group Limited stock after losing 0%
(Updated on Jun 25, 2024)
No changes to the price of Mastermyne Group Limited stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 4.65% from a day low at $0.215 to a day high of $0.225. The price has fallen in 4 of the last 10 days and is down by -2.27% for this period.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $0.215. A reaction back to this level may hold a second chance to get out before further falls.
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MYE.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mastermyne Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.221 and $0.241. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mastermyne Group Limited stock
Mastermyne Group Limited finds support from accumulated volume at $0.210 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 5.05%.
Mastermyne Group Limited is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MYE.AX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mastermyne Group Limited to open at $0.218, and during the day (based on 14 day Average True Range), to move between $0.203 and $0.227, which gives a possible trading interval of +/-$0.0119 (+/-5.53%) up or down from last closing price. If Mastermyne Group Limited takes out the full calculated possible swing range there will be an estimated 11.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.220 (2.33%) than the support at $0.210 (2.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Mastermyne Group Limited stock A Buy?
The Mastermyne Group Limited stock holds several negative signals and despite the positive trend, we believe Mastermyne Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.688 Sell Candidate Unchanged
Predicted Opening Price for Mastermyne Group Limited of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$0.218 ( 1.55%) | $0.215 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MYE.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.228 | 6.20% |
R2 | 0.225 | 4.42% |
R1 | 0.222 | 3.33% |
Price | 0.215 | |
S1 | 0.215 | -0.226% |
S2 | 0.212 | -1.32% |
S3 | 0.208 | -3.10% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.245 | 13.95% |
R2 | 0.230 | 6.98% |
R1 | 0.220 | 2.33% |
Price | 0.215 | |
S1 | 0.210 | -2.33% |
S2 | 0.205 | -4.65% |
S3 | 0 | - |
MYE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 23, 2021 | Sep 23, 2021 | Sep 23, 2021 | $0.0225 | 2.38% |
2 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | $0.0075 | 1.29% |
3 | Sep 24, 2020 | Sep 24, 2020 | Sep 24, 2020 | $0.0400 | 4.60% |
4 | Feb 18, 2020 | Mar 26, 2020 | Apr 16, 2020 | $0.0200 | 3.03% |
5 | Aug 21, 2019 | Sep 26, 2019 | Oct 17, 2019 | $0.0200 | 1.86% |
FAQ
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