MGX | Australian Securities Exchange

Mount Gibson Iron
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Stochastic Oscillator for MGX has crossed below the overbought limit triggering a neutral signal
Stochastic Oscillator /
Stochastic Oscillator for MGX has crossed below the overbought limit triggering a neutral signal

MGX: Stochastic Oscillator Signal -> (1) 16 Oct: BEARISH CROSSUNDER (2) 15 Oct: BULLISH CROSSOVER (3) 12 Oct: BEARISH CROSSUNDER

Donchian Overbought signal continues for Mount Gibson Iron indicating downward price movement is likely
Donchian Channels /
Donchian Overbought signal continues for Mount Gibson Iron indicating downward price movement is likely

[BEARISH]: Mount Gibson Iron is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

MACD /
Negative momentum on the MACD histogram for MGX is maintained & supports a bearish move is likely

[BEARISH]: Mount Gibson Iron currently has negative MACD of -0.0001. This means the signal line is less than the MACD line signalling a bearish movement.

Pivot Points /
Limit order for a long position has been identified for Mount Gibson Iron [Bullish]

Mount Gibson Iron has broken the first resistance point ($0.467) [Bullish]. Look for a long limit order entry near this point. Exit price for MGX should be set @$0.467 & Stoploss for Mount Gibson Iron should be set between $0.427 & $0.419

Fibonacci Retracements /
Mount Gibson Iron: 0.618 Fibonacci Retraction (0.47)

Mount Gibson Iron: The current Fibonacci Retraction levels are: (23.61%) $0.45: (38.2%) $0.46: (50%) $0.46: (61.8%) $0.47The current support levels are: (78.6%) $0.48: (100%) $0.49: (138.2%) $0.51: (161.8%) $0.52: (261.8%) $0.58: (423.61%) $0.67

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

MGX: Elder Ray Index Current Signal -> (1) 16 Oct: BEARISH (2) 15 Oct: BEARISH (3) 12 Oct: BULLISH

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Sine Weighted Moving Average /
The SWMA trend following signal is still current for Mount Gibson Iron [Bearish]

[BEARISH]: Mount Gibson Iron currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.0%.

Mount Gibson Iron has moved above the R2 Camarilla pivot point ($0.525) [Bullish]
Camarilla Pivot Points /
Mount Gibson Iron has moved above the R2 Camarilla pivot point ($0.525) [Bullish]

Mount Gibson Iron has broken the first Camarilla resistance point ($0.525) [Bullish]. Look for a long limit order entry near this point. Exit price for MGX should be set @$0.525 & Stoploss for Mount Gibson Iron should be set between $0.376 & $0.338

Mount Gibson Iron is being actively distributed based on DVI
Daily Volume Index /
Mount Gibson Iron is being actively distributed based on DVI

[BEARISH]: Mount Gibson Iron (ASX:MGX) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -7456.

Rate of Change /
Negative ROC for MGX is a leading indicator for continued price fall

[BEARISH]: Mount Gibson Iron currently has negative rate of change of -6.25%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Accumulation / Distribution /
Distribution still active for Mount Gibson Iron

[BEARISH]: Mount Gibson Iron (ASX:MGX) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -108145.

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost control during the trading day for Mount Gibson Iron

[BULLISH]: Mount Gibson Iron opened in the upper part of daily range at 75% & closed in the upper part of the trading range at 75%. This suggests the sellers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. 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 upper price range giving a confirmation ratio of 8.3%.

Mount Gibson Iron: Range Performance (100.0)
Range Tod Vs Range Yest /
Mount Gibson Iron: Range Performance (100.0)

[BEARISH]: Mount Gibson Iron sellers are increasingly eager. This is the first day sellers have increasing eagerness for MGX adding strength to a downtrend in the first timeframe. The biggest price range this month has been $0.0400 & the greatest daily price range this year has been $0.1550. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.3x.

Elders Force Index (-2922) has signalled bearish conditions in recent trading for MGX
Elders Force Index /
Elders Force Index (-2922) has signalled bearish conditions in recent trading for MGX

[BEARISH]: Mount Gibson Iron current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2922.

Percentage Price /
PPO continues to signal a continuation of downward price fall for Mount Gibson Iron

[BEARISH]: Mount Gibson Iron currently has negative PPO -1.598%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Fibonacci Fans /
Mount Gibson Iron: 0.618 Fibonacci Fan ($0.47)

Mount Gibson Iron: The current Fibonacci Fan levels are: (23.61%) $0.45: (38.2%) $0.46: (50%) $0.46: (61.8%) $0.47The current support levels are: (78.6%) $0.48: (100%) $0.49: (138.2%) $0.51: (161.8%) $0.52: (261.8%) $0.58: (423.61%) $0.67

On Balance Volume /
MGX.AX: Current trading activity signals OBV distribution is active

[BEARISH]: Mount Gibson Iron current price has highlighted recent distribution. Currently, the OBV is -240764.

Mount Gibson Iron continues negative divergence & potential shift in direction
Chaikin Money Flow /
Mount Gibson Iron continues negative divergence & potential shift in direction

[BEARISH]: Mount Gibson Iron current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.48. Mount Gibson Iron (ASX:MGX) received a confirmed CMF crossover days on the Sep 21 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.68 occurring on the Sep 21 2018.

Triangular Moving Average(15) signal continues for Mount Gibson Iron indicating downward price movement is likely
Triangular Moving Average /
Triangular Moving Average(15) signal continues for Mount Gibson Iron indicating downward price movement is likely

[BEARISH]: Mount Gibson Iron currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.0%.

Mount Gibson Iron: The CCI oversold signal has been confirmed
Commodity Channel Index /
Mount Gibson Iron: The CCI oversold signal has been confirmed

[BULLISH CROSSOVER]: Mount Gibson Iron (ASX:MGX) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -126. During the quarter, the lowest CCI value was -171. The last oversold signal occurred on Oct 12 2018

Average Directional Movement /
Daily trading has confirmed an ADX strong trend (41.28) for Mount Gibson Iron

[Trend]: ADX for MGX has confirmed a strong trend is present. Mount Gibson Iron has an ATR(14) of 0.016, a DX of 60.85 & an ADX(14) of 41.28

Ease of Movement /
Ease of Movement for Mount Gibson Ironis -0.013 [Difficult to Move]

MGX: EOM Current Signal -> (1) 16 Oct: BEARISH HARD (2) 15 Oct: BEARISH HARD (3) 12 Oct: BULLISH HARD

Woodie Pivot Point /
Limit order for a long position has been identified for Mount Gibson Iron [Bullish]

Mount Gibson Iron has broken the first Woodie resistance point ($0.468) [Bullish]. Look for a long limit order entry near this point. Exit price for MGX should be set @$0.468 & Stoploss for Mount Gibson Iron should be set at $0.428

Percentage Volume /
Percentage volume oscillator is now positive for MGX

[BULLISH CROSSOVER]: Mount Gibson Iron currently has positive PVO 5.21%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

Daily trading has maintained an Uptrend medium trend for Mount Gibson Iron
Medium Trend /
Daily trading has maintained an Uptrend medium trend for Mount Gibson Iron

MGX: Medium Term Current Signal -> (1) 16 Oct: BULLISH (2) 15 Oct: BULLISH (3) 12 Oct: BULLISH

The WMA trend following signal is still current for Mount Gibson Iron [Bearish]
Weighted Moving Average /
The WMA trend following signal is still current for Mount Gibson Iron [Bearish]

[BEARISH]: Mount Gibson Iron currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.0%.

Bollinger Bands /
Closing price for MGX is still above the upper Bollinger Band signalling a bearish movement

[BEARISH]: Mount Gibson Iron is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 17.42% with a current width of 8.78.

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