Technical analysis from Magellan Financial (MFG.AX.AX, ASX:MFG.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Magellan Financial
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Magellan Financial : Volume MACD @25158 [Bullish]
MACD Volume /
Magellan Financial : Volume MACD @25158 [Bullish]

[BULLISH]: Magellan Financial currently has positive Volume MACD of 25158. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

[Bullish]: A higher high has been achieved for Magellan Financial
Coles Reaction Day /
[Bullish]: A higher high has been achieved for Magellan Financial

Magellan Financial : Coles Rally Day has been confirmed A higher high has been achieved for last trading day for MFG

Simple Moving Average /
MFG: Price continues to move above the SMA(5) @$22.656

[BEARISH]: Magellan Financial currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.3%.

Detrended Price Oscillator /
DPO for MFG has confirmed price is currently below the displaced moving average

[BEARISH]: Magellan Financial currently has a confirmed downtrend. Price is currently below the displaced moving average for MFGCurrently, the return on DPO20 is 1.3%.

Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for Magellan Financial

[BULLISH]: Magellan Financial UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.792.

Elders Force Index /
Recent trading highlights continued selling pressure is present for MFG

[BEARISH]: Magellan Financial current price has highlighted recent selling pressure. Currently, the Elders Force Index is -30407.

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Triangular Moving Average /
Magellan Financial : Closing price $23.03 is above the TMA(5) @$22.557

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.3%.

[Bullish]: Recent trading has driven price above the consensus of value for MFG
Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for MFG

[BULLISH]: Magellan Financial Elder Ray Index is signalling a Bullish movementERI is 0.215 indicating bull power. Prices are being driven above the consensus of value for MFG during the last trading session [Buying Pressure]

MFG: Moving Average Convergence Divergence [Bullish Crossover]
MACD /
MFG: Moving Average Convergence Divergence [Bullish Crossover]

[BULLISH CROSSOVER]: Magellan Financial currently has positive MACD of 0.059000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0%.

Exponential Moving Average /
The EMA trend following signal is still current for Magellan Financial [Bullish]

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.3%.

Demarks Pivot Points /
Magellan Financial has moved above the R1 DeMark pivot point ($23.0012) [Bullish]

Magellan Financial has broken the first DeMark resistance point ($23.0012) [Bullish]. Look for a long limit order entry near this point. Exit price for MFG should be set @$23.288 & Stoploss for Magellan Financial should be set at $22.873

Average Directional Movement /
Average Directional Index for Magellan Financial has signalled a strong trend is active

MFG: Average Directional Index Current Signal -> (1) 19 Apr: TREND STRONG (2) 18 Apr: TREND STRONG (3) 17 Apr: TREND STRONG

Recent trading signals Magellan Financial  is being distributed
Accumulation / Distribution /
Recent trading signals Magellan Financial is being distributed

[BEARISH]: Magellan Financial current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -1.14563e+006. day.

Magellan Financial : Current trading activity OBV signals distribution is present
On Balance Volume /
Magellan Financial : Current trading activity OBV signals distribution is present

MFG: OBV Current Signal ->(1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: BEARISH

Percentage Price /
The current price is still losing momentum through a fall for MFG on the short term EMA.

[BEARISH]: Magellan Financial currently has negative PPO -2.600%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Three White Soldiers /
Magellan Financial : Three White Soldiers

[BULLISH]: Magellan Financial has formed a new Three White Soldiers pattern.

High Price /
Magellan Financial : Daily high price is $23.13 [Higher High]

MFG: HIGH Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BEARISH

Stoploss for Magellan Financial  should be set at $18.3
Fibonacci Fans /
Stoploss for Magellan Financial should be set at $18.3

Magellan Financial has moved below the 61.8% retracement level ($50.62) [Bearish]. Look for a short limit order entry near this point. Exit price for MFG should be set @$18.3 & short position stoploss for Magellan Financial should be set between $18.3

CMF highlights continued negative divergence for Magellan Financial
Chaikin Money Flow /
CMF highlights continued negative divergence for Magellan Financial

[BEARISH]: Magellan Financial current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.13. MFG received a confirmed CMF crossover days on the Mar 28 2018.The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.23 occurring on the Mar 28 2018.

Daily trading again produced an Uptrend bar for Magellan Financial
Short Trend /
Daily trading again produced an Uptrend bar for Magellan Financial

[BULLISH]: Magellan Financial is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 9

White Candle /
MFG Basic Candle: White

MFG: Basic Candlestick Recent Trading -> (1) 19 Apr: White Candle (2) 18 Apr: White Candle (3) 17 Apr: White Candle

Fibonacci Extensions /
Magellan Financial : Look for a short limit order entry @$17.4

Magellan Financial has moved above the 161.8% level ($17.4) [Bearish]. Look for a short limit order entry near this point. Exit price for MFG should be set @$18.24 & short position stoploss for Magellan Financial should be set at $16.56

Range Tod Vs Range Yest /
Magellan Financial : Range Performance (-18.6)

[WEAK BEARISH]: Magellan Financial buyers are becoming less eager. This is the first day buyers have decreased eagerness for MFG reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $1.71 & the greatest daily price range this year has been $6.03. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.3x.

Magellan Financial : Confirmation of stock distribution
Daily Volume Index /
Magellan Financial : Confirmation of stock distribution

[BEARISH]: Magellan Financial current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -515.

Recent trading indicates Aroon downward trend direction likely for MFG [Strong Downtrend]
Aroon Oscillator /
Recent trading indicates Aroon downward trend direction likely for MFG [Strong Downtrend]

[BEARISH]: Magellan Financial has a current ARO(25) of -72. This has change 0 points from yesterday.

Closing Price /
Magellan Financial : Closing price is $23.03 (1.3000000000000000 %)

[BULLISH]: Magellan Financial current uptrend in the first timeframe. Currently, the Close is $23.03.

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