Magellan Financial

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Magellan Financial  continues positive divergence & potential shift in direction

Magellan Financial continues positive divergence & potential shift in direction

[BULLISH]: Magellan Financial current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.21. Magellan Financial (ASX:MFG) received a confirmed CMF crossover days on the Feb 22 2019. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.32 occurring on the Feb 22 2019.

Daily trading performance for MFG has initiated a short term downtrend

Daily trading performance for MFG has initiated a short term downtrend

[BEARISH]: Magellan Financial sellers are keener than buyers and are driving the price down. This is the first day of price decline for MFG adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.4 & the greatest daily negative change this year has been -3.9. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -10.8%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -2.4%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.700000%

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