Technical Analysis for MGX - Mount Gibson Iron Limited

Grade Last Price % Change Price Change
C 0.445 2.30% 0.010
MGX closed up 2.3 percent on Wednesday, May 15, 2024, on 43 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Gapped Up Strength 0.00%
Bollinger Band Squeeze Range Contraction 2.30%
BB Squeeze Started Range Contraction 2.30%
Gapped Up Strength 2.30%
Shooting Star Candlestick Bearish 2.30%
Doji - Bearish? Reversal 2.30%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 20 hours ago
10 DMA Resistance about 22 hours ago
Down 1% about 22 hours ago
Rose Above 10 DMA about 23 hours ago
Up 1% about 23 hours ago

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Profile

Mount Gibson Iron Limited Description

Mount Gibson Iron Limited is a producer of iron ore products. The Company's principal activities include mining and shipment of hematite iron ore at Koolan Island in the Kimberley region of Western Australia; mining of hematite iron ore deposits at the Extension Hill mine site in the Mid-West region of Western Australia and haulage of the ore through road and rail for sale from the Geraldton Port, and exploration and development of hematite iron ore deposits at Koolan Island and in the Mid-West region of Western Australia. The Company operates through two segments: Extension Hill and Koolan Island. The Extension Hill segment includes the mining, crushing, transportation and sale of iron ore. The Extension Hill mine is located in the Mt Gibson Ranges. The Koolan Island segment includes the mining, crushing and sale of iron ore. The Company's Koolan Island hematite mining operation is located approximately 140 kilometers north of Derby in Yampi Sound, Western Australia.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Mining Minerals Chemical Elements Iron Transport Iron Ore Kimberley Transportation Sound Geraldton Yam Hematite Mine Site Buccaneer Archipelago Iron Ore Product Yampi Sound

Is MGX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.57
52 Week Low 0.375
Average Volume 1,138,685
200-Day Moving Average 0.480
50-Day Moving Average 0.444
20-Day Moving Average 0.445
10-Day Moving Average 0.439
Average True Range 0.012
RSI (14) 49.75
ADX 21.4
+DI 14.419
-DI 24.186
Chandelier Exit (Long, 3 ATRs) 0.433
Chandelier Exit (Short, 3 ATRs) 0.462
Upper Bollinger Bands 0.462
Lower Bollinger Band 0.428
Percent B (%b) 0.51
BandWidth 7.599
MACD Line -0.003
MACD Signal Line -0.003
MACD Histogram -0.0001
Fundamentals Value
Market Cap 527.73 Million
Num Shares 1.19 Billion
EPS 0.07
Price-to-Earnings (P/E) Ratio 6.10
Price-to-Sales 1.89
Price-to-Book 1.33
PEG Ratio 0.00
Dividend 0.03
Dividend Yield 6.74%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.468
Resistance 3 (R3) 0.465 0.455 0.464
Resistance 2 (R2) 0.455 0.449 0.456 0.462
Resistance 1 (R1) 0.450 0.446 0.453 0.453 0.461
Pivot Point 0.440 0.440 0.441 0.441 0.440
Support 1 (S1) 0.435 0.434 0.438 0.438 0.429
Support 2 (S2) 0.425 0.431 0.426 0.428
Support 3 (S3) 0.420 0.425 0.426
Support 4 (S4) 0.423