Technical Analysis for MGX - Mount Gibson Iron Limited

Grade Last Price % Change Price Change
D 0.300 -1.64% -0.005
MGX closed down 1.64 percent on Thursday, November 21, 2024, on 30 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -1.64%
Narrow Range Bar Range Contraction -1.64%
Inside Day Range Contraction -1.64%
Oversold Stochastic Weakness -1.64%
Doji - Bullish? Reversal -1.64%
Oversold Stochastic Weakness -1.64%
Bullish Engulfing Bullish -1.64%
Stochastic Buy Signal Bullish -1.64%
Oversold Stochastic Weakness -1.64%

   Recent Intraday Alerts

Alert Time
Down 1% about 12 hours ago
Fell Below Previous Day's Low about 13 hours ago
10 DMA Resistance about 15 hours ago
Possible Inside Day 1 day ago
Possible NR7 1 day ago

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Profile

Mount Gibson Iron Limited Description

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.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Mining Minerals Chemical Elements Iron Transport Iron Ore Kimberley Transportation Sound Geraldton Yam Hematite Mine Site Buccaneer Archipelago Iron Ore Product Yampi Sound

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 0.57
52 Week Low 0.275
Average Volume 1,189,972
200-Day Moving Average 0.389
50-Day Moving Average 0.315
20-Day Moving Average 0.310
10-Day Moving Average 0.307
Average True Range 0.010
RSI (14) 39.76
ADX 12.38
+DI 13.969
-DI 19.628
Chandelier Exit (Long, 3 ATRs) 0.300
Chandelier Exit (Short, 3 ATRs) 0.330
Upper Bollinger Bands 0.322
Lower Bollinger Band 0.298
Percent B (%b) 0.09
BandWidth 7.871
MACD Line -0.004
MACD Signal Line -0.003
MACD Histogram -0.001
Fundamentals Value
Market Cap 355.78 Million
Num Shares 1.19 Billion
EPS 0.07
Price-to-Earnings (P/E) Ratio 4.11
Price-to-Sales 1.89
Price-to-Book 1.33
PEG Ratio 0.00
Dividend 0.03
Dividend Yield 10.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.311
Resistance 3 (R3) 0.312 0.309 0.309
Resistance 2 (R2) 0.309 0.307 0.309 0.308
Resistance 1 (R1) 0.305 0.305 0.304 0.304 0.308
Pivot Point 0.302 0.302 0.302 0.302 0.302
Support 1 (S1) 0.298 0.300 0.297 0.297 0.292
Support 2 (S2) 0.295 0.298 0.295 0.292
Support 3 (S3) 0.291 0.295 0.291
Support 4 (S4) 0.290