Technical Analysis for MNS - Magnis Resources Ltd  

Grade Last Price % Change Price Change
F 0.042 0.00% 0.000
MNS closed down 6.67 percent on Tuesday, December 5, 2023, on 24 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. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -6.67%
Stochastic Reached Oversold Weakness -6.67%

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Profile

Magnis Resources Ltd   Description

Magnis Resources Limited is an Australia-based graphite producer company. The Company is engaged in the business of exploring for, developing, and mining natural flake graphite for use in various industries, including batteries for storing electrical energy. Its segments include Australia and East Africa. The Company is focused on the graphite or battery powered industries. The Company is involved in prospecting, exploration and pre-development for graphite on its Nachu Project. Its Nachu Project is located near Ruangwa, in Southern Tanzania and approximately 220 kilometers to the Tanzanian port of Mtwara. Its other projects/tenement names include Ruangwa, Rutamba North, Lihehe East, SML Nachu, Issuna, Mkuju 1, Ilongo North and Manyoni East. Its graphite end uses include battery anodes, expandable graphite, composites, refractory and foundry, steel markets, gaskets, seals, brake linings and lubricants.


Classification

Sector: Technology
Industry: Electronic Components
Keywords: Exploration Mining Chemistry Energy Gas Carbon Graphite Prospecting Steel Lubricant Mtwara Port Of Mtwara Refractory Gasket Graphite Producer

Is MNS 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 0.5
52 Week Low 0.035
Average Volume 5,504,681
200-Day Moving Average 0.194
50-Day Moving Average 0.070
20-Day Moving Average 0.057
10-Day Moving Average 0.053
Average True Range 0.006
RSI (14) 32.89
ADX 33.4
+DI 13.721
-DI 39.535
Chandelier Exit (Long, 3 ATRs) 0.064
Chandelier Exit (Short, 3 ATRs) 0.054
Upper Bollinger Bands 0.076
Lower Bollinger Band 0.038
Percent B (%b) 0.11
BandWidth 67.019
MACD Line -0.007
MACD Signal Line -0.007
MACD Histogram -0.0005
Fundamentals Value
Market Cap 29.7 Million
Num Shares 707 Million
EPS -0.01
Price-to-Earnings (P/E) Ratio -4.67
Price-to-Sales 6032.41
Price-to-Book 6.76
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.047
Resistance 3 (R3) 0.047 0.046 0.046
Resistance 2 (R2) 0.046 0.045 0.046 0.045
Resistance 1 (R1) 0.044 0.044 0.044 0.044 0.045
Pivot Point 0.043 0.043 0.043 0.043 0.043
Support 1 (S1) 0.041 0.042 0.041 0.041 0.039
Support 2 (S2) 0.040 0.041 0.040 0.039
Support 3 (S3) 0.038 0.040 0.038
Support 4 (S4) 0.038