Technical Analysis for MHHT - Magellan High Conviction Trust

Grade Last Price % Change Price Change
C 1.845 -0.54% -0.010
MHHT closed down 0.54 percent on Wednesday, May 15, 2024, on 62 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Down Weakness 0.00%
NR7 Range Contraction -0.54%
Narrow Range Bar Range Contraction -0.54%
Gapped Down Weakness -0.54%
MACD Bullish Centerline Cross Bullish -1.07%
Gapped Up Strength -1.07%
Upper Bollinger Band Touch Strength -1.07%
Shooting Star Candlestick Bearish -0.54%

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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 244,400
200-Day Moving Average 1.676
50-Day Moving Average 1.845
20-Day Moving Average 1.835
10-Day Moving Average 1.836
Average True Range 0.016
RSI (14) 51.92
ADX 16.99
+DI 34.734
-DI 26.062
Chandelier Exit (Long, 3 ATRs) 1.832
Chandelier Exit (Short, 3 ATRs) 1.848
Upper Bollinger Bands 1.869
Lower Bollinger Band 1.800
Percent B (%b) 0.65
BandWidth 3.805
MACD Line 0.002
MACD Signal Line -0.002
MACD Histogram 0.0037
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.853
Resistance 3 (R3) 1.853 1.852 1.851
Resistance 2 (R2) 1.852 1.850 1.851 1.851
Resistance 1 (R1) 1.848 1.849 1.848 1.848 1.850
Pivot Point 1.847 1.847 1.846 1.846 1.847
Support 1 (S1) 1.843 1.845 1.843 1.843 1.840
Support 2 (S2) 1.842 1.844 1.841 1.839
Support 3 (S3) 1.838 1.842 1.839
Support 4 (S4) 1.838