Technical Analysis for MHHT - Magellan High Conviction Trust

Grade Last Price % Change Price Change
A 1.82 0.55% 0.010
MHHT closed up 0.55 percent on Friday, December 3, 2021, on approximately normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Flat Down
Historical MHHT trend table...

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
Strong but Oversold Other 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Below Lower BB Weakness 0.55%
Oversold Stochastic Weakness 0.55%
Fell Below 50 DMA Bearish 0.83%
Expansion Pivot Sell Setup Bearish Swing Setup 0.83%
Older End-of-Day Signals for MHHT ...

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Profile

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.
Classification

Keywords: Investment Management Financial Markets Investment Fund Hedge Fund Financial Risk International Finance Corporation

Is MHHT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Recent News

Indicators

Indicator Value
52 Week High 1.905
52 Week Low 1.69
Average Volume 644,649
200-Day Moving Average 0.000
50-Day Moving Average 1.817
20-Day Moving Average 1.860
10-Day Moving Average 1.846
Average True Range 0.019
ADX 20.4
+DI 30.222
-DI 43.497
Chandelier Exit (Long, 3 ATRs) 1.849
Chandelier Exit (Short, 3 ATRs) 1.856
Upper Bollinger Bands 1.909
Lower Bollinger Band 1.811
Percent B (%b) 0.09
BandWidth 5.248
MACD Line 0.000
MACD Signal Line 0.009
MACD Histogram -0.0096
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.828
Resistance 3 (R3) 1.827 1.823 1.826
Resistance 2 (R2) 1.823 1.821 1.824 1.826
Resistance 1 (R1) 1.822 1.820 1.823 1.823 1.825
Pivot Point 1.818 1.818 1.819 1.819 1.818
Support 1 (S1) 1.817 1.816 1.818 1.818 1.815
Support 2 (S2) 1.813 1.815 1.814 1.814
Support 3 (S3) 1.812 1.813 1.814
Support 4 (S4) 1.813