[BEARISH]: Mount Gibson Iron current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2737.
Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.
Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;
PROFILE: Mount Gibson Iron (MGX.AX)
Stock Exchange: ASX
Company: Mount Gibson Iron
Ticker Codes: | MGX.AX | 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.
Elder's Force IndexDownload
|SLR Silver Lake Resources||0.57||9.6||4,014,673||-15||BEARISH|
|KDR Kidman Resources||1.17||8.3||6,199,530||-166||BEARISH|
|RMS Ramelius Resources||0.5||7.5||3,500,339||-17,402||BEARISH|
|BOC Bougainville Copper||0.17||6.3||61,005||-185,425||BEARISH|
|RND Rand Mining||4.03||6.1||33,780||-36,844||BEARISH|