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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Signal line is still below the EMA for Magellan Financial  producing negative momentum
Percentage Price /
Signal line is still below the EMA for Magellan Financial producing negative momentum

MFG: PPO Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Price continues to trade below the Exponential Moving Average(5) for MFG
Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for MFG

[BEARISH]: Magellan Financial currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.8%.

Chaikin Money Flow /
Chaikin Oscillator crossover & signal change for MFG

[BEARISH CROSSOVER]: Magellan Financial current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.08. During the quarter, the lowest CMF value was -0.13

Stochastic Oscillator /
Stochastic oversold signal continues for Magellan Financial indicating upward price movement is likely

[BULLISH]: Magellan Financial is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Ulcer Index /
Magellan Financial : Ulcer Index 7.664 [High Stress]

[BULLISH]: Magellan Financial UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.664.

Momentum /
Magellan Financial currently has negative momentum of -0.62

[BEARISH]: Magellan Financial currently has negative momentum of -0.62 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.8%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -6.4%%.

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Open Tod Vs Close Tod /
Magellan Financial : Sellers were in control all day.

MFG: Open today versus close yesterday Current Signal ->(1) 16 Feb: BEARISH STRONG (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH STRONG

Magellan Financial  closed in the lower part of daily range at 4%.
Close Tod Vs Range Tod /
Magellan Financial closed in the lower part of daily range at 4%.

[BEARISH]: Magellan Financial sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Magellan Financial adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 71 trading days with the closing price in the lower part of the range giving a confirmation ratio of 28%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 27.3%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 4 days in the upper range giving a ratio of 1.5x.

Magellan Financial : Elders Force Index (-73396.2)
Elders Force Index /
Magellan Financial : Elders Force Index (-73396.2)

[BEARISH]: Magellan Financial current price has highlighted recent selling pressure. Currently, the Elders Force Index is -148275.

On Balance Volume /
OBV: Accumulation still active for Magellan Financial

[BULLISH]: Magellan Financial current price has highlighted recent accumulation. Currently, the OBV is 843144.

Range Tod Vs Range Yest /
Magellan Financial : Range Performance (6.4)

MFG: Range today versus range yesterday Current Signal ->(1) 16 Feb: BULLISH (2) 15 Feb: BEARISH (3) 14 Feb: BULLISH

Detrended Price Oscillator /
Magellan Financial : Detrended Price Oscillator(20) (-2.3755)

MFG: DPO Recent Trading -> (1) 16 Feb: -2.3755 (2) 15 Feb: -2.1045 (3) 14 Feb: -2.2335

Price continues to trade below the Triangular Moving Average(5) for MFG
Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for MFG

MFG: TMA Recent Trading -> (1) 16 Feb: 25.46 (2) 15 Feb: 25.616 (3) 14 Feb: 25.841

Magellan Financial : Percentage Volume Oscillator (12.6)
Percentage Volume /
Magellan Financial : Percentage Volume Oscillator (12.6)

[BULLISH]: Magellan Financial currently has positive PVO 12.6%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -7.1%.

Short Trend /
Magellan Financial : Daily Downtrend has been confirmed

[BEARISH]: Magellan Financial is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 5

Medium Trend /
Magellan Financial has maintained the 2nd timeframe trend [Downtrend]

MFG: Medium Term Recent Trading -> (1) 16 Feb: Downtrend (2) 15 Feb: Downtrend (3) 14 Feb: Downtrend

MACD /
The MACD for MFG is losing momentum through a fall on the short term EMA

[BEARISH]: Magellan Financial currently has negative MACD of -0.239000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -7.1%.

Range for MFG has surpassed the range of the previous trading session
Price Range /
Range for MFG has surpassed the range of the previous trading session

MFG: Price Range Recent Trading -> (1) 16 Feb: 0.5 (2) 15 Feb: 0.47 (3) 14 Feb: 0.56

Volume rate of change is now building for Magellan Financial  signalling a short term downtrend is likely
Volume Rate of Change /
Volume rate of change is now building for Magellan Financial signalling a short term downtrend is likely

[BEARISH CROSSOVER]: Magellan Financial currently has negative rate of change of -18%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.8%.

Pivot point for MFG is bearish. Stoploss should be positioned @$25.643
Pivot Points /
Pivot point for MFG is bearish. Stoploss should be positioned @$25.643

Magellan Financial has broken the first support point ($24.816) [Bearish]. Look for a short limit order entry near this point. Exit price for MFG should be set @$24.643 & short position stoploss for Magellan Financial should be set between $25.643 & $25.816

Fibonacci Extensions /
Limit order for a short position has been identified for Magellan Financial @$1.03

Magellan Financial has moved above the 161.8% level ($1.03) [Bearish]. Look for a short limit order entry near this point. Exit price for MFG should be set @$1.24 & short position stoploss for Magellan Financial should be set at $0.82

Demarks Pivot Points /
Magellan Financial has broken the first DeMark support point ($25.1) [Bearish]

Magellan Financial has broken the first DeMark resistance point ($25.1) [Bullish]. Look for a long limit order entry near this point. Exit price for MFG should be set @$25.23 & Stoploss for Magellan Financial should be set at $24.73

High Price /
Recent trading for Magellan Financial fell short of the previous high by -0.7 %

[BEARISH]: Magellan Financial current downtrend in the first timeframe. Currently, the HIGH is -0.7 %.

Bill Williams Market Facilitation /
Magellan Financial : Bill Williams Profanity [Fake Day]

MFG: BWMF Current Signal -> (1) 16 Feb: Fake Day (2) 15 Feb: Squat Day (3) 14 Feb: Fake Day

The SWMA trend following signal is still current for Magellan Financial  [Bearish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for Magellan Financial [Bearish]

[BEARISH]: Magellan Financial currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.8%.

Magellan Financial  is being actively distributed based on DVI
Daily Volume Index /
Magellan Financial is being actively distributed based on DVI

MFG: DVI Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

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