Technical Analysis for MGT - Magnetite Mines Ltd  

Grade Last Price % Change Price Change
F 0.180 -2.70% -0.005
MGT closed down 2.7 percent on Thursday, October 3, 2024, on 3.48 times normal volume.
3 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Volume Surge Other 0.00%
Calm After Storm Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Hammer Candlestick Bullish -2.70%
Lizard Bullish Bullish Day Trade Setup -2.70%
Volume Surge Other -2.70%
Calm After Storm Range Contraction -2.70%
Doji - Bullish? Reversal -2.70%

   Recent Intraday Alerts

Alert Time
Gap Down Closed about 13 hours ago
Reversed from Down about 13 hours ago
Possible NR7 about 14 hours ago
Lower Bollinger Band Support about 15 hours ago
Down 1 ATR about 17 hours ago

Get a Trading Sidekick!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

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

Is MGT 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 0.575
52 Week Low 0.17
Average Volume 130,162
200-Day Moving Average 0.278
50-Day Moving Average 0.222
20-Day Moving Average 0.188
10-Day Moving Average 0.189
Average True Range 0.015
RSI (14) 41.52
ADX 22.93
+DI 19.911
-DI 25.458
Chandelier Exit (Long, 3 ATRs) 0.177
Chandelier Exit (Short, 3 ATRs) 0.214
Upper Bollinger Bands 0.205
Lower Bollinger Band 0.170
Percent B (%b) 0.28
BandWidth 18.347
MACD Line -0.010
MACD Signal Line -0.012
MACD Histogram 0.0019
Fundamentals Value
Market Cap 514.14 Million
Num Shares 2.86 Billion
EPS 0.00
Price-to-Earnings (P/E) Ratio -90.00
Price-to-Sales 0.00
Price-to-Book 3.51
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.203
Resistance 3 (R3) 0.202 0.193 0.199
Resistance 2 (R2) 0.193 0.188 0.194 0.197
Resistance 1 (R1) 0.187 0.184 0.188 0.188 0.196
Pivot Point 0.178 0.178 0.179 0.179 0.178
Support 1 (S1) 0.172 0.173 0.173 0.173 0.164
Support 2 (S2) 0.163 0.169 0.164 0.163
Support 3 (S3) 0.157 0.163 0.161
Support 4 (S4) 0.158