Technical Analysis for MAG - Magmatic Resources Ltd  

Grade Last Price % Change Price Change
C 0.063 -5.97% -0.004
MAG closed down 5.97 percent on Friday, September 27, 2024, on 1.36 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Upper Bollinger Band Walk Strength 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
200 DMA Resistance Bearish -5.97%
Upper Bollinger Band Walk Strength -5.97%
Inside Day Range Contraction -5.97%
Overbought Stochastic Strength -5.97%
Upper Bollinger Band Touch Strength -5.97%
200 DMA Resistance Bearish -4.55%

   Recent Intraday Alerts

Alert Time
2x Volume Pace 2 days ago
1.5x Volume Pace 2 days ago
Down 1 ATR 2 days ago
Fell Below Previous Day's Low 2 days ago
Down 5% 2 days ago

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Profile

Magmatic Resources Ltd   Description

Magmatic Resources Limited is an Australia-based copper and gold exploration company, with interests in other base metals. The Company's subsidiary holds interest in various projects, such as Myall Project, Wellington North Project, Parkes Project and Moorefield Project. The Myall Project consists of one granted exploration license being, exploration license (EL) 6913 and covers approximately 240 square/kilometers. The Myall project covers volcano intrusive complexes in the East Lachlan. The Parkes Project consists of two granted exploration licenses, being EL7424 and EL7676 and covers approximately 160 square/kilometer. The Wellington North Project consists of three granted exploration licenses, being EL6178, EL7440 and EL8357, covering approximately 180 square/kilometer. The Moorefield Project consists of one granted exploration license, being EL7675, covering approximately 290 square/kilometer.


Classification

Sector: Basic Materials
Industry: Gold
Keywords: Exploration Gold Metal Copper Metals Base Metal Lachlan

Is MAG 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 0.125
52 Week Low 0.025
Average Volume 192,603
200-Day Moving Average 0.067
50-Day Moving Average 0.061
20-Day Moving Average 0.062
10-Day Moving Average 0.063
Average True Range 0.003
RSI (14) 47.09
ADX 11.64
+DI 31.671
-DI 25.686
Chandelier Exit (Long, 3 ATRs) 0.060
Chandelier Exit (Short, 3 ATRs) 0.065
Upper Bollinger Bands 0.067
Lower Bollinger Band 0.056
Percent B (%b) 0.63
BandWidth 18.182
MACD Line 0.001
MACD Signal Line 0.000
MACD Histogram 0.0006
Fundamentals Value
Market Cap 10.93 Million
Num Shares 173 Million
EPS -0.02
Price-to-Earnings (P/E) Ratio -3.50
Price-to-Sales 0.00
Price-to-Book 6.40
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.071
Resistance 3 (R3) 0.071 0.070 0.069
Resistance 2 (R2) 0.070 0.068 0.069 0.069
Resistance 1 (R1) 0.066 0.067 0.066 0.066 0.068
Pivot Point 0.065 0.065 0.064 0.064 0.065
Support 1 (S1) 0.061 0.063 0.061 0.061 0.058
Support 2 (S2) 0.060 0.062 0.059 0.057
Support 3 (S3) 0.056 0.060 0.057
Support 4 (S4) 0.056