[NEUTRAL]: No price change for Mount Gibson Iron. This is the first day of no daily price range for MGX highlighting the lack of enthusiasm for either buying or selling in the first timeframe. Over the last 12 months there have been 39 days of no price range giving a ratio of 0.1x. Over the last month there have been 7 days of no price range giving a ratio of 0.5x.
The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.
[Calculation] Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;
Range Today Versus Range YesterdayDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|ARA Ariadne Australia||0.71||7.6||441,553||1||BULLISH|
|MLX Metals X||0.67||4.7||1,243,653||1||BULLISH|
|PLS Pilbara Minerals||1.03||4.6||4,571,651||1||BULLISH|
|MDC Mcconnell Dowell Corporation||0.5||4.2||117,111||1||BULLISH|
|MEZ Meridian Energy||2.91||2.8||16,910||1||BULLISH|
|PHI Phileo Australia||12.55||2.5||779||1||BULLISH|
|ANG Austin Engineering||0.22||2.4||70,499||1||BULLISH|