Magellan Financial (MFG)

Magellan Financial (MFG.AX)

Indicator:

AROON OSCILLATOR

BEARISH

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.

Magellan Financial (ASX:MFG) has a current ARU(25) of 4 and a current ARD(25) of 48

The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.

Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;

PROFILE: Magellan Financial (MFG.AX)

Stock Exchange: ASX
Company: Magellan Financial
Ticker Codes: | MFG.AX | ASX:MFG |

Magellan Financial Group is a publicly owned investment manager. The firm provide its services to high net worth, retail, and institutional investors. Magellan Financial Group is based in Sydney, Australia.