Technical Analysis for MGT - Magnetite Mines Ltd
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 0.275 | -1.79% | -0.005 |
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | -1.79% | |
| Narrow Range Bar | Range Contraction | -1.79% | |
| Lower Bollinger Band Walk | Weakness | -1.79% | |
| Wide Bands | Range Expansion | -1.79% | |
| Oversold Stochastic | Weakness | -1.79% | |
| Fell Below 200 DMA | Bearish | 1.85% | |
| 180 Bearish Setup | Bearish Swing Setup | 1.85% | |
| Lower Bollinger Band Walk | Weakness | 1.85% | |
| Stochastic Reached Oversold | Weakness | 1.85% | |
| Wide Bands | Range Expansion | 1.85% |
| Alert | Time |
|---|---|
| Possible NR7 | about 3 hours ago |
| Down 1% | about 5 hours ago |
| Possible NR7 | 1 day ago |
| 1.5x Volume Pace | 1 day ago |
| Up 2% | 1 day ago |
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Magnetite Mines Ltd Description
Magnetite Mines Limited, formerly Royal Resources Limited, is a mineral exploration and development company, with South Australian Mawson Iron Project, which contains the Razorback magnetite deposit. The Mawson Iron Project is located approximately 250 kilometers north-northeast (NNE) of Adelaide, South Australia, and covers tracts of prospective Braemar Iron Formation. The Mawson Iron Project consists of over five exploration licenses owned by the Company, including EL5432, EL4811, EL5240 and EL5180, and cover the Razorback deposit and its extensions while EL4842 is exclusively optioned to the Company for iron ore exploration and development. It is focused on the development of the Razorback Deposit, which comprises the Razorback Ridge, Razorback West, Interzone and Iron Peak orebodies. The Braemar Iron Formation is the host rock to magnetite mineralization on the project. Its Ironback Hill Prospect occurs on EL5180 and is over 12 kilometers south-southwest of Razorback Ridge.
Classification
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Mineral Exploration Minerals Iron Mines Iron Ore Mineralization Magnetite Braemar Alliance Razor
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 0.575 |
| 52 Week Low | 0.24 |
| Average Volume | 144,573 |
| 200-Day Moving Average | 0.310 |
| 50-Day Moving Average | 0.331 |
| 20-Day Moving Average | 0.348 |
| 10-Day Moving Average | 0.311 |
| Average True Range | 0.026 |
| RSI (14) | 39.39 |
| ADX | 40.01 |
| +DI | 9.458 |
| -DI | 30.949 |
| Chandelier Exit (Long, 3 ATRs) | 0.331 |
| Chandelier Exit (Short, 3 ATRs) | 0.349 |
| Upper Bollinger Bands | 0.432 |
| Lower Bollinger Band | 0.264 |
| Percent B (%b) | 0.09 |
| BandWidth | 48.103 |
| MACD Line | -0.016 |
| MACD Signal Line | -0.006 |
| MACD Histogram | -0.0106 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 0.295 | ||||
| Resistance 3 (R3) | 0.293 | 0.287 | 0.293 | ||
| Resistance 2 (R2) | 0.287 | 0.283 | 0.288 | 0.292 | |
| Resistance 1 (R1) | 0.283 | 0.280 | 0.285 | 0.285 | 0.291 |
| Pivot Point | 0.277 | 0.277 | 0.278 | 0.278 | 0.277 |
| Support 1 (S1) | 0.273 | 0.273 | 0.275 | 0.275 | 0.269 |
| Support 2 (S2) | 0.267 | 0.270 | 0.268 | 0.268 | |
| Support 3 (S3) | 0.263 | 0.267 | 0.268 | ||
| Support 4 (S4) | 0.265 |
