Mount Gibson Iron (MGX)

Download button icon Download

Mount Gibson Iron (MGX): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Mount Gibson Iron (MGX.AX)


Indicator:

RATE OF CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $0.585
Signal Strength: MEDIUM
Recommendation:

Mount Gibson Iron (ASX:MGX) currently has positive rate of change of 21.875%. This means the current price is greater than the price 14 days ago and therefore gaining momentum.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.

Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100


PROFILE: Mount Gibson Iron (MGX.AX)


Stock Exchange: ASX
Company: Mount Gibson Iron
Ticker Codes: | MGX.AX | ASX:MGX |

About Mount Gibson Iron (ASX:MGX):

Mount Gibson Iron Limited, together with its subsidiaries, engages in the mining, exploration, crushing, development, transportation, and sale of hematite iron ore deposits in Australia. The company primarily operates the Koolan Island hematite mine situated in the Kimberley coast of Western Australia; and the Extension Hill hematite project located in the Mount Gibson range in the mid-west region of Western Australia. Mount Gibson Iron Limited was founded in 1996 and is based in West Perth, Australia.

Top 10:

Rate of Change

Download button icon Download
Company Close Change (%) Volume Value Signal
ARA Ariadne Australia 0.69 5.3 35,155 6.15 BULLISH
LYL Lycopodium 5.19 3.8 20,995 19.31 BULLISH
ORE Orocobre 4.68 3.5 2,010,432 27.17 BULLISH
IFT Infratil 3.42 2.7 2,026 8.57 BULLISH
MNY Money3 1.78 2.6 342,103 4.71 BULLISH
KSC K&S Corporation 1.49 2.4 20,224 4.93 BULLISH
GRR Grange Resources 0.23 2.3 971,069 18.42 BULLISH
RXP Rxp Services 0.48 2.1 52,810 4.35 BULLISH
AMA Allomak 1.03 2 5,495,891 7.29 BULLISH
CIA Champion Iron 1.35 1.9 43,678 7.6 BULLISH
back to top