I usually review a combination of MACD and MFI hourly vs daily to help make decisions. There's no doubt the daily looks grim. But if we zoom out further for the MFI back further we see raising lows.
The hourly, however, looks to be stabilising. I'm certainly not saying if you're day trading that now is the time to jump back in - and it could well go lower, but it does look to be stabilising in my view. This tells me it's a decent time to consider buying (given that my time horizon is 12 months and beyond)
Shorts are higher today than yesterday at .21% vs .17% yesterday which could imply further drop, however, the stock usually sits around an average shorts percentage of around .2% since Nov 2020.
Keen to hear your thoughts.
Blue trim is daily.
Purple trim is hourly.
Keep in mind people that technical analysis is the objective review of behavioral patterns.
I usually review a combination of MACD and MFI hourly vs daily...
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Last
83.0¢ |
Change
-0.005(0.60%) |
Mkt cap ! $405.8M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 86.0¢ | 82.5¢ | $1.366M | 1.640M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2205 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 4757 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
82.5¢ |
Change
-0.005 ( 1.57 %) |
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| Open | High | Low | Volume | ||
| 85.5¢ | 86.0¢ | 82.5¢ | 545212 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| NVX (ASX) Chart |