REPORTING FOR 2019-12-04 | MARKETREFLEX.COM: With the assistance of the Beat The Market Analyzer software and our own in-house methods, we have conducted a deep analysis of how MEL has been trading over the last 2 weeks and the past day especially. On its latest session, Mitsubishi Electric Corporation (LON:MEL) opened at 1532.5, reaching a high of 1532.5 and a low of 1532.5 before closing at a price of 1532.5. There was a total volume of 35000.0.
VOLUME INDICATORS: We saw an accumulation-distribution index of 157172.0, an on-balance volume of 152700.0, chaikin money flow of 0.05058 and a force index of 22851613056.25. There was an ease of movement rating of 0.49437, a volume-price trend of 149079.78633 and a negative volume index of 1000.0. What do these volume indicators mean for MEL? Click here for an explanation.
VOLATILITY: We noted an average true range of 2411.87374, bolinger bands of 290899.37869, an upper bollinger band of -136666.87869, lower bollinger band of 1532.5, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 1532.5, high band keltner channel of 1532.5, low band keltner channel of 1532.5, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 1532.5, a donchian channel low band of 1532.5, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0. What do these volatility indicators mean for MEL? Click here for an explanation.
TREND: We calculated a Moving Average Convergence Divergence (MACD) of 3391.57853, a MACD signal of 1884.21029, a MACD difference of 1507.36823, a fast Exponential Moving Average (EMA) indicator of 1532.5, a slow Exponential Moving Average (EMA) indicator of 1532.5, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.00016, a trix of -98.8423, a Mass Index (MI) of 4.97639, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 140944.935, a KST Oscillator (KST) of -989.24391 and a KST Oscillator (KST Signal) of -989.24391 (leaving a KST difference of 265.24814). We also found an Ichimoku rating of 1532.5, an Ichimoku B rating of 1532.5, a Ichimoku visual trend A of 130914.97375, an Ichimoku visual trend B of 107889.5175, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0. What do these trend indicators mean for MEL? Click here for an explanation.
MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 99.98993, a True Strength Index (TSI) of -100.0, an ultimate oscillator of 51.74977, a stochastic oscillator of 50.0, a stochastic oscillator signal of 50.0, a Williams %R rating of -50.0 and an awesome oscillator of 25194.58333. What do these momentum indicators mean for MEL? Click here for an explanation.
RETURNS: There was a daily return of -98.92439, a daily log return of 460.15748 and a cumulative return of 9864.11093.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-12-04 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Mitsubishi Electric Corporation (LON:MEL)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Mitsubishi Electric Corporation (LON:MEL) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.
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