Mount Gibson Iron (MGX)

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Mount Gibson Iron (MGX): Signals

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TECHNICAL ANALYSIS SUMMARY

Mount Gibson Iron (MGX.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $0.695
Signal Strength: MEDIUM
Recommendation:

Mount Gibson Iron (ASX:MGX) currently has positive volume of change of 49%. This means the current volume 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


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];

Top 10:

Volume Rate of Change

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Company Close Change (%) Volume Value Signal
LOV Lovisa 9.3 20.2 1,518,896 -7 BEARISH CROSSOVER
EMH European Metals Holdings 0.4 14.3 44,010 -77 BEARISH CROSSOVER
ORE Orocobre 3.2 7.4 2,255,245 -97 BEARISH CROSSOVER
BFC Beston Global Food 0.16 6.9 222,535 -12 BEARISH CROSSOVER
WGX Westgold Resources 1.2 4.3 573,357 -52 BEARISH CROSSOVER
DDR Dicker Data 3.2 4.2 342,810 -97 BEARISH CROSSOVER
DCN Dacian Gold 2.78 4.1 428,895 -74 BEARISH CROSSOVER
CAJ Capitol Health 0.26 4 395,180 -6 BEARISH CROSSOVER
SMX Sms Management & Technology 0.28 3.7 7,893 -63 BEARISH CROSSOVER
MFG Magellan Financial 32.89 3 599,918 -100 BEARISH CROSSOVER
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