Technical Analysis for MHHT - Magellan High Conviction Trust
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 1.855 | 0.54% | 0.010 |
MHHT closed up 0.54 percent on Friday, May 10, 2024, on 1.71 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Bearish Engulfing | Bearish | 0.54% | |
| Crossed Above 20 DMA | Bullish | 0.27% | |
| Crossed Above 50 DMA | Bullish | 0.27% | |
| MACD Bullish Signal Line Cross | Bullish | 0.27% | |
| Gapped Up | Strength | 0.27% |
| Alert | Time |
|---|---|
| Up 1 ATR | 3 days ago |
| Up 1% | 3 days ago |
| Possible Pocket Pivot | 3 days ago |
| Rose Above Previous Day's High | 3 days ago |
| 2x Volume Pace | 3 days ago |
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Basic chart:
Magellan High Conviction Trust is an Australia-based closed-ended investment trust. The investment objective of the trust is to achieve risk-adjusted returns over the medium to long term, while reducing the risk of capital loss. Magellan Asset Management Limited (MAM) is the investment manager of the Fund. The Fund invests in a portfolio of (8-12) global equity stock. The Fund hedges some of the capital component of its foreign currency exposure arising from investments in overseas markets back to Australian dollars.
Keywords: Investment Management Financial Markets Investment Fund Hedge Fund Financial Risk International Finance Corporation
Classification
Keywords: Investment Management Financial Markets Investment Fund Hedge Fund Financial Risk International Finance Corporation
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 1.89 |
| 52 Week Low | 1.4376 |
| Average Volume | 254,541 |
| 200-Day Moving Average | 1.672 |
| 50-Day Moving Average | 1.844 |
| 20-Day Moving Average | 1.836 |
| 10-Day Moving Average | 1.827 |
| Average True Range | 0.016 |
| RSI (14) | 57.08 |
| ADX | 15.46 |
| +DI | 37.801 |
| -DI | 21.332 |
| Chandelier Exit (Long, 3 ATRs) | 1.826 |
| Chandelier Exit (Short, 3 ATRs) | 1.849 |
| Upper Bollinger Bands | 1.873 |
| Lower Bollinger Band | 1.798 |
| Percent B (%b) | 0.76 |
| BandWidth | 4.042 |
| MACD Line | -0.002 |
| MACD Signal Line | -0.005 |
| MACD Histogram | 0.0029 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 1.878 | ||||
| Resistance 3 (R3) | 1.880 | 1.875 | 1.874 | ||
| Resistance 2 (R2) | 1.875 | 1.869 | 1.874 | 1.872 | |
| Resistance 1 (R1) | 1.865 | 1.866 | 1.863 | 1.863 | 1.871 |
| Pivot Point | 1.860 | 1.860 | 1.859 | 1.859 | 1.860 |
| Support 1 (S1) | 1.850 | 1.854 | 1.848 | 1.848 | 1.839 |
| Support 2 (S2) | 1.845 | 1.851 | 1.844 | 1.838 | |
| Support 3 (S3) | 1.835 | 1.845 | 1.836 | ||
| Support 4 (S4) | 1.833 |
