MFG | Australian Securities Exchange

Magellan Financial
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The EMA trend following signal is still current for Magellan Financial  [Bullish]
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 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -0.8%.

Magellan Financial : 3rd timeframe trend Uptrend remains intact
Long Trend /
Magellan Financial : 3rd timeframe trend Uptrend remains intact

[BULLISH]: Magellan Financial is in an uptrend in the medium term timeframe. The current rally number is 7 & the highest rally count for the LTM is 7. The highest rally for the month is 17

Detrended Price Oscillator /
The simple moving average and past price for MFG has confirmed bullish trading conditions

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Price is currently above the displaced moving average for MFG. Currently, the return on DPO20 is -0.8%.

Close Tod Vs Close Yest /
Daily trading performance for MFG has initiated a short term downtrend

MFG: Recent Performance ->(1) 25 Sep: -0.8% (2) 24 Sep: 0.3% (3) 21 Sep: -0.4%

Percentage Price /
Magellan Financial : Price Percentage Oscillator (1.094)

[BULLISH]: Magellan Financial currently has positive PPO 1.094%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.8%.

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Long Black Candle /
MFG Basic Candle: Long Black

[BEARISH]: Magellan Financial has formed a Long Black candlestick. This means, MFG has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Triangular Moving Average(15) signal continues for Magellan Financial  indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(15) signal continues for Magellan Financial indicating upward price movement is likely

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -0.8%.

Donchian Channels /
Donchian oversold signal continues for Magellan Financial indicating upward price movement is likely

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

Ease of Movement /
Trading session closed lower on high volume for Magellan Financial [Bearish]

MFG: EOM Current Signal -> (1) 25 Sep: BEARISH HARD (2) 24 Sep: BEARISH EASY (3) 21 Sep: BULLISH EASY

Ulcer Index /
Drawdown for Magellan Financial is currently low signalling low stress

[BEARISH]: Magellan Financial UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.184.

Magellan Financial : Price currently within Bollinger bands
Bollinger Bands /
Magellan Financial : Price currently within Bollinger bands

[BULLISH]: Magellan Financial is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 54.08% with a current width of 4.87.

MFG: Average True Range has confirmed an uptrend @0.568
Average True Range /
MFG: Average True Range has confirmed an uptrend @0.568

[Bullish]: Average True Range has confirmed an uptrend is present. Magellan Financial has a TR of 0.85, and an ATR(14) of 0.568.

Fibonacci Extensions /
[Short]: Entry price for MFG should be set @$0.33

Magellan Financial has moved above the 161.8% level ($0.33) [Bearish]. Look for a short limit order entry near this point. Exit price for MFG should be set @$0.46 & short position stoploss for Magellan Financial should be set at $0.21

Percentage Volume /

MFG: PVO Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

MACD /
The MACD continues to fall below the signal line for MFG [Bearish]

[BEARISH]: Magellan Financial currently has negative MACD of -0.0168. This means the signal line is less than the MACD line signalling a bearish movement.

[Bullish]: Elder Ray Index is 0.589 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.589 indicating bull power

[BULLISH]: Magellan Financial Elder Ray Index is signalling a Bullish movementERI is 0.589 indicating bull power. Prices are being driven above the consensus of value for MFG during the last trading session [Buying Pressure]

Magellan Financial : 2nd timeframe trend Uptrend remains intact
Medium Trend /
Magellan Financial : 2nd timeframe trend Uptrend remains intact

[BULLISH]: Magellan Financial has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Sep 20 2018.

Magellan Financial : Closing price $27.75 is above the SMA(15) @$27.6193
Simple Moving Average /
Magellan Financial : Closing price $27.75 is above the SMA(15) @$27.6193

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -0.8%.

Average Directional Movement /
MFG: Average Directional Index has confirmed a weak trend @21.59

[Weak Trend]: ADX for MFG has confirmed a weak trend is present. Magellan Financial has an ATR(14) of 0.568, a DX of 15.4 & an ADX(14) of 21.59

Sine Weighted Moving Average /
Magellan Financial is in a short term uptrend with the support price @$27.549

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -0.8%.

Accumulation / Distribution /
Traders are currently Distributing MFG.AX

[BEARISH]: Magellan Financial (ASX:MFG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -133280.

Rate of Change /
14-day rate of change is now decreasing for Magellan Financial

MFG: ROC Current Signal -> (1) 25 Sep: BEARISH CROSSOVER (2) 24 Sep: BULLISH CROSSOVER (3) 21 Sep: BEARISH

Magellan Financial : Direction, extent & volume have increased in recent trading [Buying Pressure]
Elders Force Index /
Magellan Financial : Direction, extent & volume have increased in recent trading [Buying Pressure]

MFG: Elders Force Index Current Signal -> (1) 25 Sep: BULLISH CROSSOVER (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

14-day volume rate of change is decreasing for Magellan Financial
Volume Rate of Change /
14-day volume rate of change is decreasing for Magellan Financial

[BEARISH]: Magellan Financial currently has negative rate of change of -14%. 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%.

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for Magellan Financial

[BEARISH WEAK]: Magellan Financial opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 36.5%. This suggests the sellers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 11.8%.

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