MFG | Australian Securities Exchange

Magellan Financial
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The TMA trend following signal is now active for Magellan Financial  [Bullish]
Triangular Moving Average /
The TMA trend following signal is now active for Magellan Financial [Bullish]

[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 1.6%.

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.

Aroon Oscillator /
Magellan Financial : Aroon oscillator (-24) has confirmed a downtrend is present

[BEARISH]: Magellan Financial has a current ARU(25) of 60 and a current ARD(25) of 84

Range Tod Vs Range Yest /
Magellan Financial : The price range ratio this week versus the quarterly price range is 0.7000000000000000000x

[BULLISH]: Magellan Financial buyers are increasingly eager. This is the first day buyers have increased eagerness for MFG adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.6100. & the greatest daily price range this year has been $6.5700. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.2x.

Close Tod Vs Range Tod /
Currently this quarter, closing price for MFG has spent 4 days 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 4 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 30.8%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 1 days in the lower range giving a ratio of 4x.

Long Trend /
MFG: Long term trend is still an Uptrend

[BULLISH]: Magellan Financial is in an uptrend in the medium term timeframe. The current rally number is 3 & the highest rally count for the LTM is 3. The highest rally for the month is 13

Open/close reversal: Buyers were in control of trading all day for MFG
Open Tod Vs Close Tod /
Open/close reversal: Buyers were in control of trading all day for MFG

[BULLISH STRONG]: Magellan Financial opened in the lower part of daily range at 1.5% & closed in the upper part of the trading range at 67.7%. This suggests the buyers were in control all day. 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 upper 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 upper price range giving a confirmation ratio of 7.7%.

On Balance Volume /
OBV: Accumulation still active for Magellan Financial

MFG: OBV Current Signal ->(1) 19 Sep: BULLISH (2) 18 Sep: BULLISH (3) 17 Sep: BULLISH

[Bearish]: Magellan Financial  currently has negative PVO -17.57
Percentage Volume /
[Bearish]: Magellan Financial currently has negative PVO -17.57

MFG: PVO Current Signal -> (1) 19 Sep: BEARISH (2) 18 Sep: BEARISH (3) 17 Sep: BEARISH

MFG: Price continues to move above the EMA(15) @$27.4881
Exponential Moving Average /
MFG: Price continues to move above the EMA(15) @$27.4881

[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 1.6%.

Woodie Pivot Point /
Magellan Financial has moved above the R2 Woodie pivot point ($28.483) [Bullish]

Magellan Financial has broken the first Woodie resistance point ($28.483) [Bullish]. Look for a long limit order entry near this point. Exit price for MFG should be set @$28.483 & Stoploss for Magellan Financial should be set at $27.183

MACD Volume /
Magellan Financial : Volume MACD oscillator (7920)

[BULLISH CROSSOVER]: Magellan Financial currently has positive Volume MACD of 7920. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

MACD /

MFG: MACD Current Signal -> (1) 19 Sep: BEARISH (2) 18 Sep: BEARISH (3) 17 Sep: BEARISH

Magellan Financial  currently has positive PPO 1.098
Percentage Price /
Magellan Financial currently has positive PPO 1.098

[BULLISH]: Magellan Financial currently has positive PPO 1.098%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Magellan Financial  has moved above the R2 pivot point ($28.463) [Bullish]
Pivot Points /
Magellan Financial has moved above the R2 pivot point ($28.463) [Bullish]

Magellan Financial current pivot point is: 27.813. The current resistance levels are: (R2) $28.463: (R2) $28.463: (R3) $28.826: The current support levels are: (S1) $27.526: (S2) $27.163: (S3) $26.876

Momentum /
Negative momentum for Magellan Financial is a leading indicator for continued price falls

[BEARISH]: Magellan Financial currently has negative momentum of -0.11 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.6%.The largest downward momentum rally for the last 3 months is 5 days producing a return of 0%.

White Candle /
MFG Basic Candle: White

[BULLISH]: Magellan Financial has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Average True Range /
Average True Range for Magellan Financial has signalled an uptrend is active

[Bullish]: Average True Range has confirmed an uptrend is present. Magellan Financial has a TR of 0.66, and an ATR(14) of 0.54.

DVI: Accumulation still active for MFG.AX
Daily Volume Index /
DVI: Accumulation still active for MFG.AX

MFG: DVI Current Signal -> (1) 19 Sep: BULLISH (2) 18 Sep: BULLISH CROSSOVER (3) 17 Sep: BEARISH CROSSOVER

Magellan Financial : Three White Soldiers
Three White Soldiers /
Magellan Financial : Three White Soldiers

MFG: Continuation Candlestick Current Signal -> (1) 19 Sep: NEUTRAL (2) 18 Sep: BULLISH (3) 17 Sep: NEUTRAL

Fibonacci Extensions /
Stoploss for Magellan Financial should be set at $0.21

Magellan Financial has moved above the 161.8% level ($0.33) [Bearish]. Look for a short limit order entry near this point. Exit price for MFG should be set @$0.46 & short position stoploss for Magellan Financial should be set at $0.21

Demarks Pivot Points /
Magellan Financial has broken the first DeMark resistance point ($27.885) [Bullish]

Magellan Financial current pivot point (DeMark) is: (R1) $28.32. The current pivot point (DeMark) is: (S1) $27.67.

Sine Weighted Moving Average /
Magellan Financial is in a short term uptrend with the closing price @$27.89

[BULLISH]: Magellan Financial currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 1.6%.

Accumulation / Distribution /
Distribution still active for Magellan Financial

[BEARISH]: Magellan Financial (ASX:MFG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -447922.

Price is now trading above the Weighted Moving Average(15) for MFG
Weighted Moving Average /
Price is now trading above the Weighted Moving Average(15) for MFG

MFG: WMA Current Signal -> (1) 19 Sep: BULLISH CROSSOVER (2) 18 Sep: BEARISH CROSSOVER (3) 17 Sep: BULLISH CROSSOVER

Bollinger oversold signal has just been triggered for Magellan Financial
Bollinger Bands /
Bollinger oversold signal has just been triggered for Magellan Financial

[BULLISH CROSSOVER]: Magellan Financial has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is 68.13% with a current width of 5.17.

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

[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 1.7 & the greatest daily positive change this year has been 694.6. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 695.6%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 695.6%. 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 1.400000%

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