Magellan Financial

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Currently this quarter, closing price for MFG has spent 1 day in the upper price range

[BULLISH]: Magellan Financial buyers are in control at the market close. This is the first day of buyer commitment for Magellan Financial adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 1 trading day with the closing price in the upper part of the range giving a confirmation ratio of 0.7%. Over the last month there has been 1 trading day with the closing price in the upper range giving a confirmation ratio of 8.3%. Currently this quarter, closing price has spent 1 day in the upper price range compared to 3 days in the lower range giving a ratio of 0.3x.

MFG: Over the last 12 months there has been 2 trading days giving a confirmation ratio of 1.3%.

[BULLISH STRONG]: Magellan Financial opened in the lower part of daily range at 9.3% & closed in the upper part of the trading range at 82.1%. This suggests the buyers were in control all day. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 1.3%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 16.7%.

Closing price for MFG ($51.64) signals buyers are now keener than sellers

Closing price for MFG ($51.64) signals buyers are now keener than sellers

[BULLISH]: Magellan Financial buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for MFG adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 1.8 & the greatest daily positive change this year has been 1108.1. The longest consecutive upswing rally over the last 12 months has been 11 days giving a total rally upward movement of 1118.6%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 1118.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.3x. Over the last month the average daily upward movement has been 1.500000%

A Piercing Pattern (Bullish) candlestick pattern has been detected for Magellan Financial (MFG).

[BULLISH]: Magellan Financial has formed a new Bullish Piercing reversal pattern. This means, MFG has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

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