Technical Analysis for MWY - Midway Ltd  

Grade Last Price % Change Price Change
B 1.240 62.09% 0.475
MWY closed up 62.09 percent on Thursday, November 14, 2024, on 21.46 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. The bulls were able to push the stock to a new 52-week high.
Earnings due: Nov 29
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
New Uptrend Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%

   Recent Intraday Alerts

Alert Time
Down 1 ATR 3 days ago
Down 3% 3 days ago
Down 2% 3 days ago
Fell Below 200 DMA 3 days ago
Fell Below Previous Day's Low 3 days ago

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Profile

Midway Ltd   Description

Midway Limited is an Australia-based company, which is engaged in the production and export of wood fiber to producers of pulp, paper and associated products in Japan and China. The Company's segments include Midway, QCE and SWF. The Company's Midway segment sells hardwood and softwood chips to export markets, sells softwood logs domestically and provides plantation management services to third party tree owners. The Company's QCE segment sells hardwood and softwood chips to export markets. The Company's SWF segment sells hardwood chips to export markets. The Company also owns a processing and export facility in Geelong, and has interests in processing and export facilities in Portland and Brisbane. The Company produces hardwood and softwood woodchips from logs acquired from private plantation owners in Victoria, South Australia, New South Wales and Queensland, and exports those woodchips from facilities in the ports of Geelong, Portland and Brisbane.


Classification

Sector: Basic Materials
Industry: Lumber & Wood Production
Keywords: Management Services Wood Chip Fiber Paper And Brisbane Wood Products Woodworking Geelong Plantation Forestry Lumber Pulp Softwood Timber Industry

Is MWY a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.275
52 Week Low 0.5574
Average Volume 118,319
200-Day Moving Average 0.778
50-Day Moving Average 0.888
20-Day Moving Average 0.834
10-Day Moving Average 0.831
Average True Range 0.060
RSI (14) 79.04
ADX 32.84
+DI 65.649
-DI 17.450
Chandelier Exit (Long, 3 ATRs) 1.095
Chandelier Exit (Short, 3 ATRs) 0.945
Upper Bollinger Bands 1.029
Lower Bollinger Band 0.639
Percent B (%b) 1.54
BandWidth 46.696
MACD Line 0.013
MACD Signal Line -0.015
MACD Histogram 0.0276
Fundamentals Value
Market Cap 108.3 Million
Num Shares 87.3 Million
EPS 0.15
Price-to-Earnings (P/E) Ratio 8.38
Price-to-Sales 0.34
Price-to-Book 0.68
Dividend 0.18
Dividend Yield 14.52%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.353
Resistance 3 (R3) 1.352 1.313 1.334
Resistance 2 (R2) 1.313 1.285 1.314 1.327
Resistance 1 (R1) 1.277 1.267 1.295 1.278 1.321
Pivot Point 1.238 1.238 1.248 1.239 1.238
Support 1 (S1) 1.202 1.210 1.220 1.203 1.159
Support 2 (S2) 1.163 1.192 1.164 1.153
Support 3 (S3) 1.127 1.163 1.146
Support 4 (S4) 1.128