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:

EXPONENTIAL MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $0.57
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Mount Gibson Iron (ASX:MGX) currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -2.6%.



An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average except that more weight is given to the latest data. It’s also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average.

Calculation: Exponential Moving Average:
1) Initial SMA: n period sum / n;
2) Multiplier: (2 / (Time periods + 1));
3) EMA: {Close – EMA (previous day)} x multiplier + EMA (previous day).


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:

Exponential Moving Average

Download button icon Download
Company Close Change (%) Volume Value Signal
FBR Fastbrick Robotics 0.21 27.3 24,529,804 25.7 BULLISH
HFR Highfield Resources 0.7 19.8 235,189 21 BULLISH
DTL Data#3 1.53 4.8 229,753 4.3 BULLISH
ELX Ellex Medical Lasers 0.7 4.5 100,693 4.3 BULLISH
OHE Orion Health 1.15 4.5 34,431 13.9 BULLISH
AJX Alexium International 0.13 4.2 67,594 5.8 BULLISH
NHC New Hope 3.8 3 2,138,869 7.6 BULLISH
SOL Washington H Soul Pattison & Co 30.6 3 1,395,067 4.9 BULLISH
MNS Milnes Holdings 0.35 2.9 343,808 10.1 BULLISH
PAI Platinum Asia Investments 1.18 2.6 335,387 4 BULLISH
back to top