Technical analysis from Mount Gibson Iron (MGX.AX.AX, ASX:MGX.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Mount Gibson Iron
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Mount Gibson Iron: Uptrend for the daily trend is continued
Short Trend /
Mount Gibson Iron: Uptrend for the daily trend is continued

[BULLISH]: Mount Gibson Iron is in an uptrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 3

The volume MACD continues to rise above the signal line for MGX [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for MGX [Bullish]

MGX: Volume MACD Recent Trading -> (1) 23 Apr: 501882.0000 (2) 20 Apr: 248076.0000 (3) 19 Apr: -35.0000

On Balance Volume /
Mount Gibson Iron is being actively accumulated based on OBV

MGX: OBV Current Signal ->(1) 23 Apr: BULLISH (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH

Long Trend /
Mount Gibson Iron: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Mount Gibson Iron has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 12 2018.

Chaikin Money Flow /
CMF has positive divergence between price and volume

MGX: Chaikin Oscillator Current Signal -> (1) 23 Apr: BULLISH (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH CROSSOVER

Three White Soldiers /
Mount Gibson Iron: Three White Soldiers

[BULLISH]: Mount Gibson Iron has formed a new Three White Soldiers pattern.

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Daily Volume Index /
Recent trading signals Mount Gibson Iron is being accumulated

[BULLISH]: Mount Gibson Iron current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 15713.0000.

[Bullish]: Mount Gibson Iron currently has positive PVO 20.1000
Percentage Volume /
[Bullish]: Mount Gibson Iron currently has positive PVO 20.1000

[BULLISH]: Mount Gibson Iron currently has positive PVO 20.1000%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 1.2%.

Mount Gibson Iron has broken the first DeMark resistance point ($0.4360) [Bullish]
Demarks Pivot Points /
Mount Gibson Iron has broken the first DeMark resistance point ($0.4360) [Bullish]

Mount Gibson Iron has broken the first DeMark support point ($0.4360) [Bearish]. Look for a short limit order entry near this point. Exit price for MGX should be set @$0.4300 & short position stoploss for Mount Gibson Iron should be set at $0.4470

Detrended Price Oscillator /
Price is currently above the displaced moving average for MGX [Bullish]

[BULLISH]: Mount Gibson Iron currently has a confirmed uptrend. Price is currently above the displaced moving average for MGXCurrently, the return on DPO20 is 1.2%.

Aroon Oscillator /
Aroon oscillator for Mount Gibson Iron has signalled a strong uptrend is active

[BULLISH]: Mount Gibson Iron has a current ARU(25) of 100.0000 and a current ARD(25) of 20.0000

Low Price /
MGX has achieved a new low of $0.4250 (1.2 %)

[BEARISH]: Mount Gibson Iron current uptrend in the first timeframe. Currently, the Low is $0.4250 (1.2 %).

MGX: Average Directional Index has confirmed a weak trend @20.4300
Average Directional Movement /
MGX: Average Directional Index has confirmed a weak trend @20.4300

[Weak Trend]: ADX for MGX has confirmed a weak trend is presentMount Gibson Iron has an ATR(14) of 0.0150, a DX of 39.1400 & an ADX(14) of 20.4300

Daily trading produced a rally day for Mount Gibson Iron
Coles Reaction Day /
Daily trading produced a rally day for Mount Gibson Iron

Mount Gibson Iron: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for MGX

Momentum /
Mount Gibson Iron currently has positive momentum of 0.0150

[BULLISH]: Mount Gibson Iron currently has positive momentum of 0.0150. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.2000%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 6.5%%.

Williams %R /
William %R overbought signal has just been neutralized for Mount Gibson Iron

MGX: William %R Current Signal -> (1) 23 Apr: BEARISH (2) 20 Apr: BEARISH CROSSOVER (3) 19 Apr: NEUTRAL

Ulcer Index /
Ulcer index has reduced in stress level for MGX & low drawdown is expected

[BEARISH]: Mount Gibson Iron UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.5390.

Price continues to trade above the Weighted Moving Average(5) for MGX
Weighted Moving Average /
Price continues to trade above the Weighted Moving Average(5) for MGX

[BULLISH]: Mount Gibson Iron 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 1.2%.

Closing price for MGX ($0.4350) signals buyers are still keener than sellers
Close Tod Vs Close Yest /
Closing price for MGX ($0.4350) signals buyers are still keener than sellers

MGX: Recent performance signals ->(1) 23 Apr: BULLISH (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH

The volume weighted RSI for MGX remains overbought during last trading session
Money Flow Index /
The volume weighted RSI for MGX remains overbought during last trading session

[BULLISH]: Mount Gibson Iron current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 84.9500. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 69.53.

Range Tod Vs Range Yest /
Mount Gibson Iron: Buyers continue to be increasingly eager.

[BULLISH]: Mount Gibson Ironbuyers are increasingly eager. There has been 2 consecutive days of range increase for MGX adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.0620 & the greatest daily price range this year has been $0.1150. The price range ratio this week versus the quarterly price range is 0.3000000000000000000x & the price range ratio this month versus the year to date price range is 0.5000000000000000000x.

Commodity Channel Index /
The CCI indicator for Mount Gibson Iron is still above the overbought limit

MGX: CCI Current Signal ->(1) 23 Apr: BEARISH (2) 20 Apr: BEARISH CROSSOVER (3) 19 Apr: NEUTRAL

Opening Price /
[Bullish]: Mount Gibson Iron has opened 2.4 % stronger

MGX: OPEN Recent Trading -> (1) 23 Apr: 0.4300 (2) 20 Apr: 0.4200 (3) 19 Apr: 0.4000

Elder Ray Index /
Buying pressure for MGX highlights ability of buyers to drive the price upwards

[BULLISH]: Mount Gibson IronElder Ray Index is signalling a Bullish movementERI is 0.0320 indicating bull power. Prices are being driven above the consensus of value for MGX during the last trading session [Buying Pressure]

[Long]: Exit price for MGX should be set @$0.4510
Woodie Pivot Point /
[Long]: Exit price for MGX should be set @$0.4510

Mount Gibson Iron has broken the first Woodie resistance point ($0.4430) [Bullish]. Look for a long limit order entry near this point. Exit price for MGX should be set @$0.4510 & Stoploss for Mount Gibson Iron should be set at $0.4170

Trend continuation likely for MGX from increased trading activity
Bill Williams Market Facilitation /
Trend continuation likely for MGX from increased trading activity

MGX: BWMF Current Signal -> (1) 23 Apr: Green Day (2) 20 Apr: Squat Day (3) 19 Apr: Squat Day

Open Tod Vs Close Tod /
Mount Gibson Iron opened in the lower part of daily range at 29.400000000000000% & closed in the middle part of the trading range at 58.800000000000000%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Mount Gibson Iron opened in the lower part of daily range at 29.400000000000000% & closed in the middle part of the trading range at 58.800000000000000%. This suggests the buyers have lost commitment. Over the last 12 months there has been 29 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 11%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 18.8%.

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