MFG | Australian Securities Exchange

Magellan Financial
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Trend continuation possible for MFG from reduced trading activity
Bill Williams Market Facilitation /
Trend continuation possible for MFG from reduced trading activity

MFG: BWMF Current Signal -> (1) 21 Jan: Fake Day (2) 18 Jan: Fake Day (3) 17 Jan: Squat Day

Magellan Financial : Coles Rally Day has been confirmed
Coles Reaction Day /
Magellan Financial : Coles Rally Day has been confirmed

Magellan Financial : Coles Rally Day has been confirmed A higher high has been achieved for last trading day for MFG

Elders Force Index /
[Bullish]: Continued buying pressure for Magellan Financial has been confirmed

[BULLISH]: Magellan Financial current price has highlighted recent buying pressure. Currently, the Elders Force Index is 312351.

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Magellan Financial & are driving the price up.

MFG: Recent performance signals ->(1) 21 Jan: BULLISH (2) 18 Jan: BULLISH (3) 17 Jan: BULLISH

MACD /
Magellan Financial : MACD @0.4568 [Bullish]

[BULLISH]: Magellan Financial currently has positive MACD of 0.4568. This means the signal line is greater than the MACD line signalling a bullish movement.

Supertrend /
Magellan Financial : Supertrend (25.774) has confirmed an uptrend is present

[BULLISH]: Magellan Financial has a current Supertrend of 25.774. This has change 0.487 points from yesterday.

Price was easily moved upward in recent trading on low volume causing an uptrend in price for MFG
Ease of Movement /
Price was easily moved upward in recent trading on low volume causing an uptrend in price for MFG

MFG: EOM Current Signal -> (1) 21 Jan: BULLISH EASY (2) 18 Jan: BULLISH EASY (3) 17 Jan: BULLISH EASY

Demarks Pivot Points /
Magellan Financial : Stoploss for short position should be set between $28.225 & $28.5

Magellan Financial has broken the first DeMark support point ($28.225) [Bearish]. Look for a short limit order entry near this point. Exit price for MFG should be set @$28.0100 & short position stoploss for Magellan Financial should be set at $28.5

Accumulation still active for Magellan Financial
Accumulation / Distribution /
Accumulation still active for Magellan Financial

[BULLISH]: Magellan Financial (ASX:MFG) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 195907.

Oversold signal for the Lower Donchian Band is still current for Magellan Financial
Donchian Channels /
Oversold signal for the Lower Donchian Band is still current for Magellan Financial

[BULLISH]: Magellan Financial is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

Commodity Channel Index /
Magellan Financial : The CCI overbought signal has been confirmed

MFG: CCI Recent Trading -> (1) 21 Jan: 108 (2) 18 Jan: 112 (3) 17 Jan: 126

Volume Rate of Change /
Volume rate of change(14) is now decreasing for Magellan Financial

[BEARISH CROSSOVER]: Magellan Financial currently has negative rate of change of -13%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.4%.

Fibonacci Extensions /
Magellan Financial : 1.618 Fibonacci Extension ($18.91)

Magellan Financial : The current Fibonacci Extension levels are: (23.61%) $27.05: (38.2%) $26.19: (50%) $25.5: (61.8%) $24.8The current support levels are: (78.6%) $23.81: (100%) $22.55: (138.2%) $20.3: (161.8%) $18.91: (261.8%) $13.02: (423.61%) $3.49

Rate of change continues to build for Magellan Financial  signalling a short term uptrend is likely
Rate of Change /
Rate of change continues to build for Magellan Financial signalling a short term uptrend is likely

[BULLISH]: Magellan Financial currently has positive rate of change of 19.244%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Magellan Financial  is in a short term uptrend with the closing price @$28.07
Simple Moving Average /
Magellan Financial is in a short term uptrend with the closing price @$28.07

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 0.4%.

Williams %R /
William %R Overbought signal had been maintained for Magellan Financial

[BULLISH]: Magellan Financial is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Triangular Moving Average /
Triangular Moving Average(15) signal continues for Magellan Financial indicating upward price movement is likely

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.4%.

Moving Average Envelope /
Upper envelope overbought signal had been maintained for Magellan Financial

MFG: Envelope Bands Current Signal -> (1) 21 Jan: BULLISH (2) 18 Jan: BULLISH (3) 17 Jan: BULLISH

Magellan Financial : 0.618 Fibonacci Retraction (18.91)
Fibonacci Retracements /
Magellan Financial : 0.618 Fibonacci Retraction (18.91)

Magellan Financial : The current Fibonacci Retraction levels are: (23.61%) $27.05: (38.2%) $20.3: (50%) $19.61: (61.8%) $18.91The current support levels are: (78.6%) $17.92: (100%) $16.66: (138.2%) $14.41: (161.8%) $13.02: (261.8%) $7.13: (423.61%) $-2.4

Magellan Financial : Volume MACD @-41857 [Bearish]
MACD Volume /
Magellan Financial : Volume MACD @-41857 [Bearish]

[BEARISH]: Magellan Financial currently has negative Volume MACD of -41857. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Buying pressure for MFG highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for MFG highlights ability of buyers to drive the price upwards

[BULLISH]: Magellan Financial Elder Ray Index is signalling a Bullish movementERI is 1.727 indicating bull power. Prices are being driven above the consensus of value for MFG during the last trading session [Buying Pressure]

Average Directional Movement /
Magellan Financial : Average Directional Index (29.96) has confirmed a strong trend is present

[Trend]: ADX for MFG has confirmed a strong trend is present. Magellan Financial has an ATR(14) of 0.807, a DX of 43.6 & an ADX(14) of 29.96

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of MFG

[BEARISH]: Magellan Financial UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.262.

Sine Weighted Moving Average /
Magellan Financial is in a short term uptrend with the support price @$25.933

MFG: SWMA Recent Trading -> (1) 21 Jan: 25.933 (2) 18 Jan: 25.548 (3) 17 Jan: 25.175

Weighted Moving Average /
The WMA trend following signal is still current for Magellan Financial [Bullish]

MFG: WMA Current Signal -> (1) 21 Jan: BULLISH (2) 18 Jan: BULLISH (3) 17 Jan: BULLISH

[Bullish]: Trend following indicator for MFG highlights upward price direction is likely
Exponential Moving Average /
[Bullish]: Trend following indicator for MFG highlights upward price direction is likely

[BULLISH]: Magellan Financial 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 0.4%.

Three White Soldiers /
Magellan Financial : Three White Soldiers

[BULLISH]: Magellan Financial has formed a new Three White Soldiers pattern.

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