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Melbana Energy Limited

MAY.AX Technical Analysis Summary (ASX)

Analyze MAY.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MAY.AX●ASX
EnergyOil & Gas Exploration & Production
$0.004
$0.00(11.11%)
Australian Market opens in 11h 44m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MAY.AX Technical Analysis Summary (ASX)

Melbana Energy Limited (ASX: MAY.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.44)
Trend Strength:Weak (ADX: 17.26)
Support/Resistance:$0.00 – $0.01 (Bollinger Bands)

Technical conditions suggest Melbana Energy Limited on the ASX is awaiting a decisive move. Overall, Melbana Energy Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 44.44

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 16.67

Bullish
Oversold zone signals rebound potential.

Williams %R: -75.00

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 12.50

Strongly Bullish
Strong upside momentum.

Takeaway:Melbana Energy Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 17.26

Weak
Weak trend, market trading sideways.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): -60.87

Bearish
Bearish, momentum remains under pressure.

Takeaway:Melbana Energy Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.01
Middle Band (SMA 20)
-
Lower Band
-
Current Position
Unknown
Keltner Channels
Upper Channel
$0.01
Middle Line (EMA 20)
-
Lower Channel
-
Squeeze Status
Unknown
Volume & Money Flow Analysis
On-Balance Volume-43.60M
Money Flow Index67.69Bullish, inflows support continued momentum.
Relative Vigor Index16.57Bearish, price momentum favors sellers.

Overall Takeaway:MAY.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Melbana Energy Limited (ASX: MAY.AX), here are the key trading signals and recommendations:

Bullish Signals

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Melbana Energy Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: MAY.AX) Technical Analysis FAQ