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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Closing price for MGX is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for MGX is still below the lower envelope signalling a bullish movement

MGX: Envelope Bands Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

Trading session closed lower on high volume for Mount Gibson Iron [Bearish]
Ease of Movement /
Trading session closed lower on high volume for Mount Gibson Iron [Bearish]

MGX: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BEARISH HARD (3) 11 Jan: NEUTRAL

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

[BULLISH CROSSOVER]: Mount Gibson Iron current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.18. During the quarter, the highest CMF value was 0.51

Two Crows /
Mount Gibson Iron: Two Crows

MGX: Reversal (Weak) Candlestick Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Short Trend /
First timeframe trend of Mount Gibson Iron remains as an Downtrend

[BEARISH]: Mount Gibson Iron is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 4

Momentum /
Mount Gibson Iron currently has negative momentum of -0.01

[BEARISH]: Mount Gibson Iron currently has negative momentum of -0.01 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.1%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -8.5%%.

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Volume /
Mount Gibson Iron: Daily volume is 2.12052e+006 [Lower Volume]

[BEARISH]: Mount Gibson Iron current volume downtrend in the first timeframe. Volume for MGX is2.12052e+006 (-30).

[Downtrend]: Recent trading for MGX indicates ST trend is likely to continue
Exponential Moving Average /
[Downtrend]: Recent trading for MGX indicates ST trend is likely to continue

[BEARISH]: Mount Gibson Iron 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 -1.1%.

Stochastic Oversold signal is still current for Mount Gibson Iron [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for Mount Gibson Iron [Bullish]

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

Average Directional Movement /
MGX: Average Directional Index has confirmed a weak trend @23.74

[Weak Trend]: ADX for MGX has confirmed a weak trend is presentMount Gibson Iron has an ATR(14) of 0.016, a DX of 0.94 & an ADX(14) of 23.74

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

[BULLISH]: Mount Gibson Iron currently has positive Volume MACD of 245382. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Pivot Points /
Mount Gibson Iron has broken the first support point ($0.421) [Bearish]

Mount Gibson Iron has broken the first support point ($0.421) [Bearish]. Look for a short limit order entry near this point. Exit price for MGX should be set @$0.408 & short position stoploss for Mount Gibson Iron should be set between $0.458 & $0.471

MGX Basic Candle: Black
Black Candle /
MGX Basic Candle: Black

[BEARISH]: Mount Gibson Iron has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Mount Gibson Iron is no longer oversold @ -27
Commodity Channel Index /
Mount Gibson Iron is no longer oversold @ -27

[NEUTRAL]: Mount Gibson Iron current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -27. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -27.

Fibonacci Extensions /
[Long]: Exit price for MGX should be set @$0.73

Mount Gibson Iron has moved below the 161.8% level ($0.61) [Bullish]. Look for a long limit order entry near this point. Exit price for MGX should be set @$0.73 & Stoploss for Mount Gibson Iron should be set at $0.49

Volume Rate of Change /
Mount Gibson Iron has initiated a negative volume rate of change of -29

MGX: VROC Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH CROSSOVER

Medium Trend /
Mount Gibson Iron: 2nd timeframe trend Uptrend has been confirmed

MGX: Medium Term Current Signal -> (1) 11 Jan: BULLISH CONFIRM (2) 11 Jan: BEARISH CONFIRM (3) 11 Jan: BULLISH

MGX: Price range ratio this month versus the year to date price range is 1x.
Range Tod Vs Range Yest /
MGX: Price range ratio this month versus the year to date price range is 1x.

[WEAK BULLISH]: Mount Gibson Ironsellers are becoming less eager. There has been 2 consecutive days of range increase for MGX reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.055 & the greatest daily price range this year has been $0.055. The price range ratio this week versus the quarterly price range is 1x & the price range ratio this month versus the year to date price range is 1x.

Mount Gibson Iron is in a short term downtrend with the resistance price @$0.451
Simple Moving Average /
Mount Gibson Iron is in a short term downtrend with the resistance price @$0.451

[BULLISH]: Mount Gibson Iron 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 -1.1%.

Mount Gibson Iron: ARO(76) has signalled a strong uptrend is current
Aroon Oscillator /
Mount Gibson Iron: ARO(76) has signalled a strong uptrend is current

[BULLISH]: Mount Gibson Iron has a current ARU(25) of 92 and a current ARD(25) of 16

Price Range /
Mount Gibson Iron: Daily price range is 0.025 [Downtrend]

[BEARISH]: Mount Gibson Iron current downtrend in the first timeframe. Currently, the Range is $0.025.

Accumulation / Distribution /
Mount Gibson Iron: Current trading activity signals accumulation is confirmed

[BULLISH CROSSOVER]: Mount Gibson Iron current price has highlighted the commencement of accumulation and the start of bullish trading conditions.

High Price /
Mount Gibson Iron: Daily high price is $0.445 [Lower High]

[BEARISH]: Mount Gibson Iron current downtrend in the first timeframe. Currently, the HIGH is -5.3 %.

Elder Ray Index /
Selling pressure for MGX highlights ability of sellers to drive the price downwards

[BEARISH]: Mount Gibson IronElder Ray Index is signalling a Bearish movementERI is -0.026 indicating bear power. Prices are being driven below the consensus of value for MGX during the last trading session [Selling Pressure]

MGX: The return on MACD is -8.5%.
MACD /
MGX: The return on MACD is -8.5%.

[BEARISH]: Mount Gibson Iron currently has negative MACD of -0.003000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -8.5%.

Mount Gibson Iron: Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Mount Gibson Iron: Direction, extent & volume have decreased in recent trading [Selling Pressure]

MGX: Elders Force Index Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH CROSSOVER

Open Tod Vs Close Tod /
Mount Gibson Iron: Sellers have lost commitment.

[BEARISH WEAK]: Mount Gibson Iron opened in the upper part of daily range at 80% & closed in the middle part of the trading range at 60%. This suggests the sellers have lost commitment. Over the last 12 months there has been 35 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 13.4%. Over the last month there has been 1 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 12.5%.

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