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MEC Resources Limited

MMR.AX Technical Analysis Summary (ASX)

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

MMR.AX●ASX
EnergyOil & Gas Exploration & Production
$0.002
$0.00(0.00%)
Australian Market opens in 13h 18m

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

MMR.AX Technical Analysis Summary (ASX)

MEC Resources Limited (ASX: MMR.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: 41.29)
Trend Strength:Moderate (ADX: 26.33)
Support/Resistance:$0.00 – $0.00 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 41.29

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 77.78

Bullish
Buying momentum building without extremes.

Williams %R: 0.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): -20.00

Strongly Bearish
Sharp downside momentum.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 26.33

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 38.89

Bullish
Bullish, momentum building upward.

Takeaway:MEC Resources Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
-
Middle Band (SMA 20)
-
Lower Band
-
Current Position
Unknown
Keltner Channels
Upper Channel
-
Middle Line (EMA 20)
-
Lower Channel
-
Squeeze Status
Unknown
Volume & Money Flow Analysis
On-Balance Volume-44.26M
Money Flow Index11.65Bullish, oversold conditions signal rebound potential.
Relative Vigor Index9.93Bearish, price momentum favors sellers.

Overall Takeaway:MMR.AX shows oversold money flow, with rebound potential building.

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

Bullish Signals

ADX above 20 → strong underlying trend.

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

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

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

RVI below 50 → vigor tilted toward sellers.

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

(ASX: MMR.AX) Technical Analysis FAQ