Technical Analysis for MGX - Mount Gibson Iron Limited

Grade Last Price % Change Price Change
grade D 0.735 -0.68% -0.005
MGX closed down 0.68 percent on Monday, September 21, 2020, on 45 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Down
Historical MGX trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
NR7 Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
200 DMA Resistance Bearish -0.68%
20 DMA Resistance Bearish -0.68%
BB Squeeze Ended Range Expansion -0.68%
Fell Below 200 DMA Bearish -1.34%
Fell Below 20 DMA Bearish -1.34%
50 DMA Support Bullish -1.34%
Bollinger Band Squeeze Range Contraction -1.34%
Older End-of-Day Gignals for MGX ...

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Profile

Mount Gibson Iron Limited is a producer of iron ore products. The Company's principal activities include mining and shipment of hematite iron ore at Koolan Island in the Kimberley region of Western Australia; mining of hematite iron ore deposits at the Extension Hill mine site in the Mid-West region of Western Australia and haulage of the ore through road and rail for sale from the Geraldton Port, and exploration and development of hematite iron ore deposits at Koolan Island and in the Mid-West region of Western Australia. The Company operates through two segments: Extension Hill and Koolan Island. The Extension Hill segment includes the mining, crushing, transportation and sale of iron ore. The Extension Hill mine is located in the Mt Gibson Ranges. The Koolan Island segment includes the mining, crushing and sale of iron ore. The Company's Koolan Island hematite mining operation is located approximately 140 kilometers north of Derby in Yampi Sound, Western Australia.
Mining Economic Geology Ore Chemical Elements Minerals Academic Disciplines Iron Ore Transportation Kimberley Mine Site Hematite

Is MGX 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 1.035
52 Week Low 0.542
Average Volume 1,889,845
200-Day Moving Average 0.754
50-Day Moving Average 0.736
20-Day Moving Average 0.756
10-Day Moving Average 0.742
Average True Range 0.028
ADX 15.5
+DI 21.606
-DI 21.088
Chandelier Exit (Long, 3 ATRs ) 0.712
Chandelier Exit (Short, 3 ATRs ) 0.798
Upper Bollinger Band 0.797
Lower Bollinger Band 0.715
Percent B (%b) 0.24
BandWidth 10.769
MACD Line 0.000
MACD Signal Line 0.004
MACD Histogram -0.0035
Fundamentals Value
Market Cap 805.98 Million
Num Shares 1.1 Billion
EPS 0.02
Price-to-Earnings (P/E) Ratio 30.63
Price-to-Sales 2.25
Price-to-Book 1.11
PEG Ratio 0.00
Dividend 0.02
Dividend Yield 2.72%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.765
Resistance 3 (R3) 0.767 0.758 0.760
Resistance 2 (R2) 0.758 0.751 0.758 0.758
Resistance 1 (R1) 0.747 0.746 0.743 0.745 0.757
Pivot Point 0.738 0.738 0.736 0.738 0.738
Support 1 (S1) 0.727 0.731 0.723 0.725 0.713
Support 2 (S2) 0.718 0.726 0.718 0.712
Support 3 (S3) 0.707 0.718 0.710
Support 4 (S4) 0.705