MFG | Australian Stock Exchange

Magellan Financial
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Magellan Financial : Uptrend for the medium term trend is continued
Medium Trend /
Magellan Financial : Uptrend for the medium term trend is continued

[BULLISH]: Magellan Financial is in an uptrend in the medium term timeframe. The current rally number is 6 & the highest rally count for the LTM is 62. The highest rally for the month is 12

Positive momentum for MFG is a leading indicator for continued price rise
Momentum /
Positive momentum for MFG is a leading indicator for continued price rise

[BULLISH]: Magellan Financial currently has positive momentum of 0.49. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.1%. The largest upward momentum rally for the last 3 months is 5 days producing a return of 4.3%.

Chaikin Money Flow /
CMF Crossover has positive divergence between price & vol

[BULLISH CROSSOVER]: Magellan Financial current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.08. During the quarter, the highest CMF value was 0.08 occurring on the Jul 12 2018.

Short White Candle /
MFG Basic Candle: Short White

[BULLISH WEAK]: Magellan Financial has formed a Short White candlestick. This means, MFG has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Close Tod Vs Range Tod /
Magellan Financial : Buyers are in control at the market close.

[BULLISH]: Magellan Financial buyers are in control at the market close. There has been 4 consecutive days of prices closing in the upper part of the trading range for Magellan Financial adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 87 trading days with the closing price in the upper part of the range giving a confirmation ratio of 33.1%. Over the last month there has been 9 trading days with the closing price in the upper range giving a confirmation ratio of 75%. Currently this quarter, closing price has spent 9 days in the upper price range compared to 4 days in the lower range giving a ratio of 2.3x.

Simple Moving Average /
Simple Moving Average(5) signal continues for Magellan Financial indicating upward price movement is likely

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.1%.

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Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Magellan Financial

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.1%.

Magellan Financial : Daily Performance (-0.1%.)
Close Tod Vs Close Yest /
Magellan Financial : Daily Performance (-0.1%.)

MFG: Recent performance signals ->(1) 17 Jul: NEUTRAL (2) 16 Jul: BULLISH (3) 13 Jul: BULLISH

The CCI indicator for Magellan Financial  is still above the overbought limit
Commodity Channel Index /
The CCI indicator for Magellan Financial is still above the overbought limit

[BEARISH]: Magellan Financial current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 141. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 159.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for MFG

MFG: Aroon Oscillator Current Signal -> (1) 17 Jul: BULLISH (2) 16 Jul: BULLISH (3) 13 Jul: BULLISH

Bear Harami /
Magellan Financial : Bear Harami

[BEARISH]: Magellan Financial has formed a new Bear Harami reversal pattern.

Price Range /
[Bearish]: Range has decreased for MFG during the last trading session

[BEARISH]: Magellan Financial current downtrend in the first timeframe. Currently, the Range is $0.29.

Magellan Financial : Percentage Volume Oscillator (-0.79)
Percentage Volume /
Magellan Financial : Percentage Volume Oscillator (-0.79)

[BEARISH CROSSOVER]: Magellan Financial currently has negative PVO -0.79%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Magellan Financial  is still oversold with the Lower Envelope Band @$22.3725
Moving Average Envelope /
Magellan Financial is still oversold with the Lower Envelope Band @$22.3725

[BULLISH]: Magellan Financial current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 22.3725.

Williams %R /
William %R Overbought signal is still current for Magellan Financial [Bearish]

MFG: William %R Current Signal -> (1) 17 Jul: BEARISH (2) 16 Jul: BEARISH (3) 13 Jul: BEARISH CROSSOVER

Volume /
[Bearish]: Magellan Financial has failed to beat the previous volume by -22.5

[BEARISH]: Magellan Financial current volume downtrend in the first timeframe. Volume for MFG is 292487 (-22.5).

MACD Volume /
Magellan Financial : Volume MACD @-80192 [Bearish]

[BEARISH]: Magellan Financial currently has negative Volume MACD of -80192. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Magellan Financial : Rate of Change (5.656)
Rate of Change /
Magellan Financial : Rate of Change (5.656)

MFG: ROC Current Signal -> (1) 17 Jul: BULLISH (2) 16 Jul: BULLISH CROSSOVER (3) 13 Jul: BULLISH CROSSOVER

Bullish trading conditions for Magellan Financial  has been signalled from the DPO (1.529)
Detrended Price Oscillator /
Bullish trading conditions for Magellan Financial has been signalled from the DPO (1.529)

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Price is currently above the displaced moving average for MFG. Currently, the return on DPO20 is -0.1%.

Market conditions are indicating accumulation is current for MFG
Accumulation / Distribution /
Market conditions are indicating accumulation is current for MFG

MFG: ADLINE Current Signal -> (1) 17 Jul: BULLISH (2) 16 Jul: BULLISH (3) 13 Jul: BULLISH

Open Tod Vs Close Tod /
Open/close reversal confirmed for Magellan Financial signalling the buyers have taken control

[BULLISH]: Magellan Financial opened in the middle part of daily range at 51.7% & closed in the upper part of the trading range at 69%. This suggests the buyers have taken control. Over the last 12 months there has been 26 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 9.9%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 25%.

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (17.85) for Magellan Financial

[Weak Trend]: ADX for MFG has confirmed a weak trend is present. Magellan Financial has an ATR(14) of 0.547, a DX of 23.73 & an ADX(14) of 17.85

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

[BULLISH]: Magellan Financial current price has highlighted recent accumulation. Currently, the OBV is 3.37063e+006.

Opening Price /
Magellan Financial : Daily opening price is $24.61

[BEARISH]: Magellan Financial opening price has gapped down. Currently, the OPEN is $24.61 (0.6 %).

Volume rate of change(14) is decreasing for Magellan Financial
Volume Rate of Change /
Volume rate of change(14) is decreasing for Magellan Financial

[BEARISH]: Magellan Financial currently has negative rate of change of -29%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.1%.

Recent trading signals Magellan Financial  is being accumulated
Daily Volume Index /
Recent trading signals Magellan Financial is being accumulated

[BULLISH CROSSOVER]: Magellan Financial current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 35.

High Price /
[Bearish]: Lower high has formed for MFG by -0.4 % during the last trading session

[BEARISH]: Magellan Financial current downtrend in the first timeframe. Currently, the HIGH is -0.4 %.

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