Technical Analysis for MHHT - Magellan High Conviction Trust

Grade Last Price % Change Price Change
A 1.855 0.54% 0.010
MHHT closed up 0.54 percent on Thursday, May 16, 2024, on 80 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 Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Cup with Handle Other 0.00%
Gapped Up Strength 0.00%
Fell Below 50 DMA Bearish 0.54%
Narrow Range Bar Range Contraction 0.54%
Gapped Down Weakness 0.54%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Down Weakness 0.00%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 9 hours ago
Up 1 ATR about 12 hours ago
Up 1% about 12 hours ago
Gapped Up (Full) about 14 hours ago
Rose Above Previous Day's High about 14 hours ago

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Profile

Magellan High Conviction Trust is an Australia-based closed-ended investment trust. The investment objective of the trust is to achieve risk-adjusted returns over the medium to long term, while reducing the risk of capital loss. Magellan Asset Management Limited (MAM) is the investment manager of the Fund. The Fund invests in a portfolio of (8-12) global equity stock. The Fund hedges some of the capital component of its foreign currency exposure arising from investments in overseas markets back to Australian dollars.
Classification

Keywords: Investment Management Financial Markets Investment Fund Hedge Fund Financial Risk International Finance Corporation

Is MHHT 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 1.89
52 Week Low 1.4425
Average Volume 241,858
200-Day Moving Average 1.678
50-Day Moving Average 1.845
20-Day Moving Average 1.835
10-Day Moving Average 1.842
Average True Range 0.016
RSI (14) 55.36
ADX 17.45
+DI 38.296
-DI 23.759
Chandelier Exit (Long, 3 ATRs) 1.831
Chandelier Exit (Short, 3 ATRs) 1.849
Upper Bollinger Bands 1.869
Lower Bollinger Band 1.800
Percent B (%b) 0.79
BandWidth 3.805
MACD Line 0.003
MACD Signal Line -0.001
MACD Histogram 0.0036
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.878
Resistance 3 (R3) 1.878 1.872 1.874
Resistance 2 (R2) 1.872 1.866 1.871 1.872
Resistance 1 (R1) 1.863 1.862 1.863 1.863 1.871
Pivot Point 1.857 1.857 1.856 1.856 1.857
Support 1 (S1) 1.848 1.851 1.848 1.848 1.839
Support 2 (S2) 1.842 1.847 1.841 1.838
Support 3 (S3) 1.833 1.842 1.836
Support 4 (S4) 1.833