MFG | Australian Securities Exchange

Magellan Financial
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Momentum continues to build for Magellan Financial  signalling a short term uptrend is likely
Momentum /
Momentum continues to build for Magellan Financial signalling a short term uptrend is likely

MFG: MOM Current Signal -> (1) 22 Mar: BULLISH (2) 21 Mar: BULLISH (3) 20 Mar: BULLISH

Magellan Financial : Woodie Pivot ($35.994)
Woodie Pivot Point /
Magellan Financial : Woodie Pivot ($35.994)

Magellan Financial current pivot point (Woodie) is: $35.994. The current resistance levels are: (R1) $36.068: (R2) $36.229The current support levels are: (S1) $35.833: (S2) $35.759

Pivot Points /
Magellan Financial : Pivot Point ($36.008)

Magellan Financial current pivot point is: 36.008. The current resistance levels are: (R2) $36.243: (R2) $36.243: (R3) $36.331: The current support levels are: (S1) $35.861: (S2) $35.773: (S3) $35.626

Fibonacci Extensions /
Magellan Financial : 1.618 Fibonacci Extension ($29.39)

Magellan Financial : The current Fibonacci Extension levels are: (23.61%) $35.94: (38.2%) $35.25: (50%) $34.69: (61.8%) $34.13The current support levels are: (78.6%) $33.33: (100%) $32.32: (138.2%) $30.51: (161.8%) $29.39: (261.8%) $24.65: (423.61%) $16.98

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.

Accumulation / Distribution /
Magellan Financial is being actively distributed

MFG: ADLINE Current Signal -> (1) 22 Mar: BEARISH (2) 21 Mar: BEARISH (3) 20 Mar: BEARISH

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Volume Rate of Change /
Magellan Financial has initiated a negative volume rate of change of -60

[BEARISH CROSSOVER]: Magellan Financial currently has negative rate of change of -60%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.2%.

Drawdown for Magellan Financial  is currently low signalling low stress
Ulcer Index /
Drawdown for Magellan Financial is currently low signalling low stress

[BEARISH]: Magellan Financial UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.14.

Magellan Financial : 0.618 Fibonacci Retraction (29.39)
Fibonacci Retracements /
Magellan Financial : 0.618 Fibonacci Retraction (29.39)

Magellan Financial : The current Fibonacci Retraction levels are: (23.61%) $35.94: (38.2%) $30.51: (50%) $29.95: (61.8%) $29.39The current support levels are: (78.6%) $28.59: (100%) $27.58: (138.2%) $25.77: (161.8%) $24.65: (261.8%) $19.91: (423.61%) $12.24

Triangular Moving Average /
Magellan Financial : Closing price $35.95 is above the TMA(15) @$34.815

[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 0.2%.

Elders Force Index /
Elders Force Index (20299) has signalled bullish conditions in recent trading for MFG

MFG: Elders Force Index Current Signal -> (1) 22 Mar: BULLISH (2) 21 Mar: BULLISH (3) 20 Mar: BULLISH

Close Tod Vs Range Tod /
This is the first day of seller commitment for Magellan Financial adding strength to an downtrend in the first timeframe

MFG: Close versus price range Current Signal ->(1) 22 Mar: BEARISH (2) 21 Mar: NEUTRAL (3) 20 Mar: NEUTRAL

Magellan Financial : Volume MACD oscillator (-16844)
MACD Volume /
Magellan Financial : Volume MACD oscillator (-16844)

[BEARISH CROSSOVER]: Magellan Financial currently has negative Volume MACD of -16844. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Magellan Financial  currently has positive rate of change for 0.335
Rate of Change /
Magellan Financial currently has positive rate of change for 0.335

[BULLISH]: Magellan Financial currently has positive rate of change of 0.335%. 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

On Balance Volume /
Recent trading signals Magellan Financial is being accumulated

[BULLISH]: Magellan Financial current price has highlighted recent accumulation. Currently, the OBV is 108118.

Detrended Price Oscillator /
Price is currently above the displaced moving average for MFG [Bullish]

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Price is currently above the displaced moving average for MFG. Currently, the return on DPO20 is 0.2%.

Sine Weighted Moving Average /
[Bearish]: Trend following indicator for MFG highlights downward price direction is likely

[BEARISH]: Magellan Financial currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.2%.

Magellan Financial : ARO(72) has signalled a strong uptrend is current
Aroon Oscillator /
Magellan Financial : ARO(72) has signalled a strong uptrend is current

[BULLISH]: Magellan Financial has a current ARU(25) of 80 and a current ARD(25) of 8

Magellan Financial : Average Directional Index (46.45) has confirmed a strong trend is present
Average Directional Movement /
Magellan Financial : Average Directional Index (46.45) 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 0.734, a DX of 27.66 & an ADX(14) of 46.45

Magellan Financial  has moved below the S1 DeMark pivot point ($36.045) [Bearish]
Demarks Pivot Points /
Magellan Financial has moved below the S1 DeMark pivot point ($36.045) [Bearish]

Magellan Financial current pivot point (DeMark) is: (R1) $36.17. The current pivot point (DeMark) is: (S1) $35.935.

Bull Harami /
Magellan Financial : Bull Harami

[BULLISH]: Magellan Financial has formed a new Bull Harami reversal pattern.

Fibonacci Fans /
Magellan Financial : 0.618 Fibonacci Fan ($32.33)

Magellan Financial : The current Fibonacci Fan levels are: (23.61%) $39.53: (38.2%) $33.56: (50%) $32.95: (61.8%) $32.33The current support levels are: (78.6%) $31.45: (100%) $30.34: (138.2%) $28.35: (161.8%) $27.11: (261.8%) $21.9: (423.61%) $13.46

Short White Candle /
MFG Basic Candle: Short White

[BULLISH WEAK]: Magellan Financial has formed a Short White candlestick. This means, MFG has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Open Tod Vs Close Tod /
Magellan Financial : Over the last month there has been 1 trading days giving a confirmation ratio of 6.3%.

[BEARISH]: Magellan Financial opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 12.8%. This suggests the buyers have lost control. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 6.3%.

Closing price for Magellan Financial  has seen buyers win the daily battle for performance @ 0.2%
Close Tod Vs Close Yest /
Closing price for Magellan Financial has seen buyers win the daily battle for performance @ 0.2%

[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 2.0 & the greatest daily positive change this year has been 631.2. The longest consecutive upswing rally over the last 12 months has been 8 days giving a total rally upward movement of 633.9%. This quarter, the largest upswing rally has been 8 days giving a total rally upward movement of 633.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 0.900000%

Buying pressure for Magellan Financial  continues - bullish signal
Chaikin Money Flow /
Buying pressure for Magellan Financial continues - bullish signal

Magellan Financial (ASX:MFG): Chaikin Oscillator Current Signal -> (1) 22 Mar: BULLISH (2) 21 Mar: BULLISH (3) 20 Mar: BULLISH

Ease of Movement /
Magellan Financial was easily moved upward on low volume in recent trading [Bullish]

MFG: EOM Recent Trading -> (1) 22 Mar: 8.104 (2) 21 Mar: -39.307 (3) 20 Mar: -30.621

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