MGX | Australian Securities Exchange

Mount Gibson Iron
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Price & volume confirms continued selling pressure for Mount Gibson Iron is likely
Elders Force Index /
Price & volume confirms continued selling pressure for Mount Gibson Iron is likely

[BEARISH]: Mount Gibson Iron current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2514.

[Downtrend]: Recent trading for MGX indicates ST trend is likely to continue
Weighted Moving Average /
[Downtrend]: Recent trading for MGX indicates ST trend is likely to continue

MGX: WMA Recent Trading -> (1) 25 Sep: 0.4810 (2) 24 Sep: 0.4830 (3) 21 Sep: 0.4850

Pivot Points /
[Long]: Limit orders for Mount Gibson Iron should be set at $0.49

Mount Gibson Iron has broken the first resistance point ($0.49) [Bullish]. Look for a long limit order entry near this point. Exit price for MGX should be set @$0.49 & Stoploss for Mount Gibson Iron should be set between $0.46 & $0.45

Close Tod Vs Range Tod /
Trading for Mount Gibson Iron highlights the commitment of sellers to carry positions overnight.

MGX: Close versus price range Current Signal ->(1) 25 Sep: BEARISH (2) 24 Sep: NEUTRAL (3) 21 Sep: BEARISH

Stochastic Oscillator /
Stochastic Oscillator (0) for MGX is still above the Overbought limit

MGX: Stochastic Oscillator Trading -> (1) 25 Sep: 0 (2) 24 Sep: 12.5 (3) 21 Sep: 0

Long Black Candle /
MGX Basic Candle: Long Black

[BEARISH]: Mount Gibson Iron has formed a Long Black candlestick. This means, MGX has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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Accumulation / Distribution /
Confirmation of Mount Gibson Iron is now being distributed

[BEARISH CROSSOVER]: Mount Gibson Iron (ASX:MGX) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the ADLINE is -20859.

[Downtrend]: Recent trading for MGX indicates ST trend is likely to continue
Triangular Moving Average /
[Downtrend]: Recent trading for MGX indicates ST trend is likely to continue

MGX: TMA Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

The biggest downward movement for Mount Gibson Iron this month has been -2.1
Close Tod Vs Close Yest /
The biggest downward movement for Mount Gibson Iron this month has been -2.1

[BEARISH]: Mount Gibson Ironsellers are keener than buyers and are driving the price down. This is the first day of price decline for MGX adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.1 & the greatest daily negative change this year has been -82.0. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -84.3%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -84.3%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.3x. Over the last month the average daily downward movement has been -1.600000%

Detrended Price Oscillator /
Mount Gibson Iron: Detrended Price Oscillator(20) (-0.0293)

[BEARISH]: Mount Gibson Iron currently has a confirmed downtrend. Price is currently below the displaced moving average for MGX. Currently, the return on DPO20 is -1.1%.

Bollinger Bands /
Upper Bollinger Band Overbought signal had been maintained for Mount Gibson Iron

[BEARISH]: Mount Gibson Iron is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 11.43% with a current width of 10.71.

On Balance Volume /
OBV: Accumulation still active for Mount Gibson Iron

[BULLISH]: Mount Gibson Iron current price has highlighted recent accumulation. Currently, the OBV is 3.71024e+006.

A short term Key Reversal has formed with Mount Gibson Iron
Key Reversal /
A short term Key Reversal has formed with Mount Gibson Iron

MGX: Bar Reversal Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: NEUTRAL (3) 21 Sep: BEARISH

Mount Gibson Iron has broken the first DeMark resistance point ($0.4738) [Bullish]
Demarks Pivot Points /
Mount Gibson Iron has broken the first DeMark resistance point ($0.4738) [Bullish]

Mount Gibson Iron has broken the first DeMark resistance point ($0.4738) [Bullish]. Look for a long limit order entry near this point. Exit price for MGX should be set @$0.478 & Stoploss for Mount Gibson Iron should be set at $0.463

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(15) for MGX

[BEARISH]: Mount Gibson Iron currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -1.1%.

Percentage Volume /
Mount Gibson Iron: Percentage Volume Oscillator (5.92)

[BULLISH]: Mount Gibson Iron currently has positive PVO 5.92%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

Fibonacci Extensions /
Mount Gibson Iron: Look for a short limit order entry @$0.36

Mount Gibson Iron has moved above the 161.8% level ($0.36) [Bearish]. Look for a short limit order entry near this point. Exit price for MGX should be set @$0.32 & short position stoploss for Mount Gibson Iron should be set at $0.39

Sine Weighted Moving Average(15) signal continues for Mount Gibson Iron indicating downward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(15) signal continues for Mount Gibson Iron indicating downward price movement is likely

MGX: SWMA Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH

Limit order for a long position has been identified for Mount Gibson Iron [Bullish]
Woodie Pivot Point /
Limit order for a long position has been identified for Mount Gibson Iron [Bullish]

Mount Gibson Iron has broken the first Woodie resistance point ($0.489) [Bullish]. Look for a long limit order entry near this point. Exit price for MGX should be set @$0.489 & Stoploss for Mount Gibson Iron should be set at $0.459

Mount Gibson Iron currently has negative rate of change for -7.843
Rate of Change /
Mount Gibson Iron currently has negative rate of change for -7.843

[BEARISH]: Mount Gibson Iron currently has negative rate of change of -7.843%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Medium Trend /
Second timeframe trend of Mount Gibson Iron remains as an Uptrend

[BULLISH]: Mount Gibson Iron is in an uptrend in the medium term timeframe. The current rally number is 118 & the highest rally count for the LTM is 118. The highest rally for the month is 17

Long Trend /
Third timeframe trend of Mount Gibson Iron remains as an Uptrend

[BULLISH]: Mount Gibson Iron has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 12 2018.

Chaikin Money Flow /
Mount Gibson Iron continues negative divergence & potential shift in direction

Mount Gibson Iron (ASX:MGX): Chaikin Oscillator Current Signal -> (1) 25 Sep: BEARISH (2) 24 Sep: BEARISH (3) 21 Sep: BEARISH CROSSOVER

Ease of Movement /
Mount Gibson Iron was easily moved upward on high volume in recent trading

MGX: EOM Current Signal -> (1) 25 Sep: BULLISH HARD (2) 24 Sep: BEARISH HARD (3) 21 Sep: NEUTRAL

Mount Gibson Iron: MACD @-0.0054 [Bearish]
MACD /
Mount Gibson Iron: MACD @-0.0054 [Bearish]

[BEARISH]: Mount Gibson Iron currently has negative MACD of -0.0054. This means the signal line is less than the MACD line signalling a bearish movement.

The SMA trend following signal is still current for Mount Gibson Iron [Bearish]
Simple Moving Average /
The SMA trend following signal is still current for Mount Gibson Iron [Bearish]

[BEARISH]: Mount Gibson Iron currently has a confirmed downtrend. Recent trading has caused the SMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -1.1%.

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.004 indicating bull power

[BULLISH]: Mount Gibson Iron Elder Ray Index is signalling a Bullish movementERI is 0.004 indicating bull power. Prices are being driven above the consensus of value for MGX during the last trading session [Buying Pressure]

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