Technical Analysis for MGT - Magnetite Mines Ltd  

Grade Last Price % Change Price Change
D 0.145 0.00% 0.000
MGT closed up 7.41 percent on Tuesday, December 3, 2024, on 11 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Down Down Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Weak + Overbought Other 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Fell Below 20 DMA Bearish 7.41%
Outside Day Range Expansion 7.41%
Gapped Up Strength 7.41%
Boomer Sell Setup Bearish Swing Setup 3.57%
Crossed Above 20 DMA Bullish 3.57%

   Recent Intraday Alerts

Alert Time
Gap Down Closed about 4 hours ago
Reversed from Down about 4 hours ago
Gapped Down (Full) about 4 hours ago
Down 3% about 4 hours ago
Down 2% about 4 hours 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

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 0.41
52 Week Low 0.11
Average Volume 179,869
200-Day Moving Average 0.251
50-Day Moving Average 0.161
20-Day Moving Average 0.139
10-Day Moving Average 0.139
Average True Range 0.009
RSI (14) 48.72
ADX 64.31
+DI 2.174
-DI 18.323
Chandelier Exit (Long, 3 ATRs) 0.137
Chandelier Exit (Short, 3 ATRs) 0.138
Upper Bollinger Bands 0.150
Lower Bollinger Band 0.128
Percent B (%b) 0.78
BandWidth 15.706
MACD Line -0.006
MACD Signal Line -0.008
MACD Histogram 0.0018
Fundamentals Value
Market Cap 414.17 Million
Num Shares 2.86 Billion
EPS 0.00
Price-to-Earnings (P/E) Ratio -72.50
Price-to-Sales 0.00
Price-to-Book 3.51
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.153
Resistance 3 (R3) 0.152 0.148 0.151
Resistance 2 (R2) 0.148 0.146 0.149 0.151
Resistance 1 (R1) 0.147 0.145 0.148 0.148 0.150
Pivot Point 0.143 0.143 0.144 0.144 0.143
Support 1 (S1) 0.142 0.141 0.143 0.143 0.140
Support 2 (S2) 0.138 0.140 0.139 0.139
Support 3 (S3) 0.137 0.138 0.139
Support 4 (S4) 0.138